Fund Accountant - Real Asset Accounting

NACBA; Mumbai; On-site; INR 800,000 - 1,200,000; Full time

Benefits offered by this job

Training support

Flexible working

Benefits package

Job summary

Citco in Mumbai seeks a Fund Accountant to maintain books and records, including the general ledger and sub-ledgers, and to prepare financial statements, footnotes and partner capital statements for private equity and real estate fund clients.

The role covers full cycle accounting, processing standard and complex entries, implementing fund structures, calculating carried interest and fees, and acting as a day-to-day contact with on-shore stakeholders while ensuring IFRS/US GAAP compliance.

Qualifications

• Bachelor degree in Accounting or Finance or ACCA equivalent.
• Minimum of 2-3 years' experience in accounting for the financial services sector.
• Knowledge of IFRS and US GAAP.
• Experience reviewing and preparing general ledger and financial statements.
• Proficiency with Microsoft Applications (Excel, Word, PowerPoint) and enterprise accounting systems.

Responsibilities

• Maintain books and records, including general ledger and sub-ledgers.
• Prepare financial statements, footnotes and partner capital statements.
• Prepare trial balances and work paper products.
• Process standard and complex bookkeeping entries.
• Involved in full scope of transaction activities including full cycle accounting.
• Prepare financial data analysis.
• Participate in implementing fund structures into the accounting system.
• Calculate carried interest/performance/incentive fees.
• Process payments and other transactions.
• Act as a day-to-day contact with on-shore stakeholders.
• Identify and escalate material issues affecting service delivery to the Supervisor.
• Other functions reporting to the Supervisor.

Skills

English proficiency

Communication skills

Team player

Analytical skills

Problem solving

Excel

PowerPoint

Microsoft Office

IFRS/US GAAP knowledge

Fund accounting experience

Education

Accounting degree or ACCA/CA/CPA in progress

Tools

Accounting software

Job description

Job Description

About Citco:

The market leader. The premier provider. The best in the business. At Citco, we've been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, push beyond the boundaries of our industry, and shape its future. From working exclusively with hedge funds to serving all alternatives, corporations and private clients, our organization has grown immensely across asset classes and geographies. For us, this progress is a pattern that we'll only maintain as we move forward, always prioritizing our performance. So for those who want to play at the top of their game and be at the vanguard of their space, we say: Welcome to Citco.

About the Team & Business Line:

Fund Administration is Citco's core business, and our alternative asset and accounting service is one of the industry's most respected. Our continuous investment in learning and technology solutions means our people are equipped to deliver a seamless client experience.

Your Role:

• Maintaining books and records; including
  • Maintain and control the general ledger and various sub - ledgers
  • Prepare financial statements, footnotes and partner capital statements
  • Prepare trial balances and work paper product
  • Process standard and complex bookkeeping entries
  • Involved within a full scope of transaction activities including full cycle accounting
  • Prepare financial data analysis
• Participate in the implementation of fund structures into the accounting system
• Calculating carried interest/performance/incentive fees;
• Processing payments and other transactions;
• Acting as a day-to-day contact with on-shore stakeholders;
• Participating in projects that may be defined from time to time in connection with the continuing expansion and evolution of the business;
• Identifying and escalating any material issues effecting service delivery to the Supervisor;
• Any other functions required as part of the business of the Company, and reporting to the Supervisor

About You:

• Bachelor Degree in Accounting, Finance or ACCA equivalent or studying for a professional accounting qualification (i.e. CA, CPA or equivalent.
• Minimum of 2 - 3 years' experience in accounting for the financial services sector, particularly Private Equity, Asset Management or Fund Administration.
• Knowledge of IFRS and / or USGAAP
• Experienced in reviewing and preparing general ledger and financial statements.
• Established knowledge in relation to accounting and consolidations under IFRS.
• Strong operations experience with focus on processes and controls
• Excellent communication skills and proficiency in English (both verbal and written).
• Motivated, bright and diligent individual who is driven to meet deadlines.
• A team player who is able to manage individual responsibilities.
• Sound judgment, problem solving and analytical skills.
• Proficient with Microsoft Applications (Excel, Word, PowerPoint etc.).
• User experience with enterprise accounting system(s).
• Experience in Limited Partnership accounting
• Private equity/real estate fund administration experience

Our Benefits

Your wellbeing is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.

We embrace diversity, prioritizing the hiring of people from diverse backgrounds. Our inclusive culture is a source of pride and strength, fostering innovation and mutual respect.

Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.