Director – Funds Finance – Asset Management Firm – CA Black Turtle

The Corporate Institute; Mumbai; On-site; INR 2,500,000 - 5,000,000; Full time

Job summary

Leading Asset Management Firm in Mumbai seeks a Director to oversee financial reporting and operations for private equity funds in India. The role involves collaboration with treasury, legal, tax, finance teams and external auditors, reporting to the SVP, Private Equity Finance Mumbai.

The ideal candidate has CA with 12+ years' experience, IFRS/US GAAP knowledge, and strong leadership, analytical, and systems skills to scale a growing platform in a fast-paced environment.

Qualifications

• CA with minimum twelve years of progressive work experience
• Knowledge of IFRS and US GAAP – Investment Company Accounting in relation to private fund investments
• Strong financial systems experience, including advanced Excel and PowerPoint skills
• Excellent communication skills and ability to work with multiple levels and departments

Responsibilities

• Build out and hire finance and operations team in Mumbai, India
• Train, mentor and motivate the team of finance professionals
• Review team work and provide feedback for improvement
• Monitor and analyze team performance to meet targets
• Review financial statements and investor reporting under US GAAP – Investment Company Accounting
• Contribute to external audit and tax reporting processes
• Review PCAPS, ILPA Reporting, expense allocations and related deliverables
• Oversight of investor capital calls and distributions
• Forecasting, liquidity monitoring and capital planning
• Lead process improvements and automation initiatives

Skills

Leadership

Communication

Analytical

Team management

Strategic thinking

Attention to detail

Education

Chartered Accountant (CA)

Tools

Excel

PowerPoint

Job description

Currently hiring for client based in Mumbai

Co Name: Leading Asset Management Firm

Designation: Director/VP

Qualification: CA

Exp: 12+yrs

Location: Mumbai

Job Description:

Reporting to the SVP, Private Equity Finance Mumbai, the Director will be responsible for overseeing and managing all aspects of Financial Reporting and Operations of the PE Private Funds that are performed in India, and will be based in Mumbai, India. This is a highly visible role that interacts with many other business areas globally, including treasury, legal, tax, finance teams as well as external fund administrators and auditors. The successful candidate will be a demonstrated leader and a self-starter that enjoys working in a fast-paced environment, has excellent interpersonal skills, is detail oriented, possesses a high degree of intellectual curiosity and has a strong foundation in finance and accounting.

Responsibilities:

• Key contributor for the build out and ongoing hiring of the finance and operations team in Mumbai, India
• Train, mentor and motivate the growing team of finance professionals
• Review work of team members and provide feedback for improvement
• Monitor and analyse team performance in order to achieve performance targets

Reporting – Fund reporting:

• Review financial statements and investor reporting prepared in accordance with US GAAP – Investment Company Accounting
• Review technical accounting analysis prepared by the team, as required
• Contributor to the external audit and tax reporting processes
• Review additional deliverables including the Partners’ Capital Statements ("PCAPS"), ILPA Reporting, expense allocations, and more

Financial Operations:

• Key reviewer of investor capital calls and distributions
• Review various financial information and analytics including the calculation of carried interest to ensure the accuracy of reporting so optimal business decisions can be made
• Ensure track records and performance metrics for various Private Equity funds are prepared in accordance with Performance Measurement Policy
• Respond to financial related investor queries accurately and in a timely manner

Financial, Planning & Analysis:

• Review regular forecasting/re-forecasting and related analytics
• Monitor liquidity and assess capital needs for the business

Assist with value‑add initiatives:

• Identify areas for process improvement and enhancement; design and implement automation improvements
• Assist with system enhancements with a focus on making the team scalable for future growth and efficiency, including acting as the key finance liaison and training staff and third‑party fund accounting teams
• Manage special projects, as required

Qualifications & Requirements:

• Professional accounting designation (CA preferred)
• Minimum Twelve years of progressive work experience with a mix of public accounting and industry experience; experience in private funds is considered an asset
• Knowledge of IFRS and US GAAP – Investment Company Accounting in relation to private fund investments
• Strong financial systems experience, including advanced Excel and PowerPoint skills
• Strong analytical skills with great attention to detail
• Demonstrated leadership ability, a team player with positive attitude and pro-active approach to work
• Experience managing staff through large projects and tight timelines
• Excellent communication skills, can work effectively with all levels and departments within a complex organization
• Can work in a dynamic, complex, fast‑paced environment, adapt quickly to manage changing priorities and deadlines
• Strategic thinker that can think outside the box, focused on efficiency and improving existing processes
• Self‑motivated and pro‑active, with respect to both managing workload and professional development