Fund Accountant

Institute of Management Accountants, Inc.; Gurugram District; Hybrid; INR 1,200,000 - 2,400,000; Full time

Job summary

Institute of Management Accountants, Inc. in Mumbai is seeking a Fund Accountant to support private equity and debt fund accounting for a global client base. The role involves handling complex fund structures, SPVs, and master-feeder designs, with investor and ILPA reporting responsibilities.

You will contribute to NAV calculations, gatekeeping capital activities, and multi-asset class accounting across jurisdictions in a hybrid work setting.

Qualifications

• Strong knowledge of Financial Services / Capital Markets including Private Equity / Financial Reporting.
• Experience in cross-border, multinational, matrix organizations.
• Willingness to work in a fast-paced, dynamic environment with a proactive mindset.

Responsibilities

• Understand private equity/debt fund structures, SPVs, master-feeder funds and entity roles.
• Record investor commitments and manage capital activity (subscriptions, redemptions, transfers).
• Prepare monthly/quarterly NAV workbooks and perform P&L rebalancing with waterfall methods.
• Compute management fees, preferred returns and carried interest across periods.
• Handle investor and fund level reporting, including ILPA reporting when applicable.
• Interact with clients to address accounting and operational issues.

Skills

Private equity

Fund accounting

NAV calculations

IRR / TWR

Master-feeder structures

Investor reporting

ILPA reporting

Carry / GP classes

PNL rebalancing

Capital activity processing

Education

Master in Finance & Accounting

Chartered Accountant

Job description

Fund Accountant

Description

Private Equity Accounting

Location: Mumbai

Shift: UK/US (night shift)

Mode: Hybrid

The position: This position is for a member of the client facing fund services team catering to Global Hedge Fund, Private Equity & Debt Fund clients. The fund services team deals with complex fund structures along with multiple asset classes across jurisdictions with specialized accounting services.

Roles & Responsibilities:

• Knowledge of private equity/ debt fund structures designs & hierarchies, Special purpose vehicles, standalone funds, master-feeder funds and the role of each entity in the fund structure
• Knowledge on the role of Investors’ classes, GP class, carry class, Affiliated / Non-affiliated classes.
• Recording investors commitments and knowledge on accounting of initial/subsequent/late closings.
• Processing capital activities i.e. subscription, redemption, transfers, switches. Preparing call and distribution notices, wire details and related schedules. Processing and understanding the role of Master-feeder capital transactions
• Responsible for booking trading and non-trading transactions and finalizing books of accounts.
• Preparation of monthly/quarterly NAV workbooks and economic allocations, knowledge on PNL rebalancing and European & American waterfall methods
• Computation of management fees in various periods, preferred returns and carried interest computations
• Knowledge of various ratios viz. Internal rate of return, Time weighted return, Investment multiple
• Handling Investor reporting, Fund level reporting and ILPA reporting (optional)
• Interacting with clients on various accounting/operational issues
• Knowledge of Operations and accounting of Bank debts, TRS, MBS, CLO instruments

You’re Profile:

• Preferred Masters in Finance & Accounting or Chartered Accountant
• Strong knowledge of Financial Services / Capital Markets Industry including knowledge of Private Equity / Financial Reporting
• Experience in working across country lines and operating in a global, multinational organization, ideally in a matrix structure
• Demonstrable accomplishments relating to organizational change activities in a fast-paced environment
• Willing to work in fast paced dynamic industry
• Positive attitude, team player, pro-active and ready to accept challenges
• Excellent verbal and written communication skills