Fund Accountant - Real Estate

TMF Group; Pune District; Hybrid; INR 600,000 - 900,000; Full time

Job summary

TMF Group is looking for a Fund Accountant in Pune District, India. The role entails maintaining the general ledger for Real Estate funds, preparing financial statements, and ensuring compliance with regulations. A professional qualification like CA, CPA, or ACCA is preferred alongside 3 to 5 years of relevant experience.

The ideal candidate will have a strong grip on fund accounting principles, cash management skills, and proficiency in tools like Investran and Yardi. Soft skills such as strong communication and analytical abilities are essential for success.

Qualifications

• 3 to 5 years of experience in fund accounting, especially in Real Estate funds.
• Familiarity with partnership accounting and waterfall calculations.
• Knowledge of IFRS/US GAAP and Real Estate fund structures.

Responsibilities

• Maintain general ledger and perform daily accounting for Real Estate funds.
• Prepare quarterly and annual financial statements in accordance with IFRS/US GAAP.
• Prepare investor reports and respond to investor queries.
• Monitor cash positions and process payments related to investments.

Skills

Fund Accounting

Real Estate Reporting

Financial Statements Preparation

Cash Management

Analytical Skills

Communication

Education

Professional qualification (CA, CPA, ACCA)

Tools

Investran

eFront

Yardi

Job description

Role & responsibilities

• Fund Accounting & Reporting
  • Maintain general ledger and perform daily, monthly, and quarterly accounting for Real Estate funds.
  • Lease Accounting, Tenant Management - for REITs, Vendor Management, Inventory and Sales data Management for development funds
  • Clear understanding of Valuation, Depreciation and Impairment
  • Preparation of VAT returns
  • Knowledge of Expected Credit loss and Ageing Analysis,
  • Prepare NAV calculations, investor allocations, and capital account statements.
  • Ensure accurate recording of capital calls, distributions, management fees, and carried interest.
• Financial Statements & Compliance
  • Prepare quarterly and annual financial statements in accordance with IFRS/US GAAP, Preparation of Fund Annual Report
  • Coordinate with auditors for year-end audits and resolve queries promptly.
  • Ensure compliance with local regulations and client-specific requirements.
• Investor Reporting
  • Prepare investor reports, capital call notices, and distribution notices.
  • Maintain investor records and respond to investor queries in a timely manner.
• Cash Management
  • Review payment, payment templates and approve payments
  • Monitor cash positions and process payments related to investments, fees, and expenses.
  • Reconcile bank accounts and investment positions regularly.
• Process Improvement & Controls
  • Assist in implementing best practices and improving operational efficiency.

Preferred candidate profile

• Education:
  • Professional qualification (CA, CPA, ACCA) preferred.
• Experience:
  • 3 to 5 years of experience in fund accounting, in Real Estate funds
  • Familiarity with partnership accounting and waterfall calculations.
• Technical Skills:
  • Proficiency in accounting systems like Investran, eFront, and Yardi.
  • Knowledge of IFRS/US GAAP and Real Estate fund structures.
• Soft Skills:
  • Provide functional guidance to fund accountants
  • Strong analytical and problem-solving skills.
  • Excellent communication and interpersonal skills.
  • Ability to work under pressure and meet deadlines.