Fund Accounting Operations Analyst

Zensar; Pune District; On-site; INR 700,000 - 1,100,000; Full time

Job summary

Zensar is seeking an experienced Fund Accounting Operations Analyst in Pune to support hedge funds, private equity, and other alternative investments. The role emphasizes NAV activities, reconciliations, and client onboarding, with a focus on process improvement and automation using AI tools.

The ideal candidate will have a Bachelor’s degree in a related field, 3+ years in fund accounting, and strong Excel/data analysis skills.

Qualifications

• Bachelor’s degree in accounting, finance, commerce, or related field.
• 3+ years in fund accounting or investment accounting operations.
• Experience with journal entries, general ledger, reconciliations, and financial reporting.
• Knowledge of hedge funds, private equity, mutual funds, or alternatives.
• Strong analytical, problem-solving, and attention to detail.

Responsibilities

• Maintain fund ledgers and process journal entries.
• Perform NAV-related activities monthly, quarterly, and annually.
• Prepare workpapers, financial reports, and schedules.
• Execute cash, position, and transaction reconciliations.
• Support month-end and quarter-end close activities.
• Calculate management/incentive fees, carried interest, and waterfalls.
• Review and validate performance and valuation data.
• Support hedge funds, private equity, and alternative structures.
• Assist with security/investment valuations and trade lifecycle accounting.
• Coordinate with custodians, auditors, administrators, and PMs.
• Lead or support onboarding, data migration, and conversion activities.
• Identify process improvements and leverage automation/AI.
• Develop SOPs and knowledge articles; partner with tech teams.

Skills

Fund accounting

NAV calculation

Reconciliation

Excel

Analytical skills

Stakeholder management

Education

Bachelor's degree in Accounting/Finance/Commerce

Tools

Geneva

PCS

Investran

eFront

Allvue

Advent

SS&C

Job description

Position Summary

We are seeking an experienced Fund Accounting Operations Analyst with strong knowledge of fund accounting, investment operations, and client onboarding. The ideal candidate will have hands-on experience supporting hedge funds, private equity funds, or other alternative investment vehicles and will be comfortable working in a fast-paced financial services environment.

The role requires accounting expertise, operational discipline, a process-improvement mindset, and an interest in using automation and AI to improve fund administration activities.

Fund Accounting and Operations

• Maintain fund general ledgers and process journal entries.
• Perform daily, monthly, quarterly, and annual NAV-related activities.
• Prepare workpapers, financial reports, and supporting accounting schedules.
• Execute cash, position, and transaction reconciliations.
• Support month-end and quarter-end close activities.
• Calculate management fees, incentive fees, carried interest, and waterfall allocations.
• Review and validate fund performance and valuation data.

Investment and Fund Administration

• Support hedge fund, private equity, and alternative investment structures.
• Assist with security and investment valuations.
• Perform trade lifecycle and investment accounting activities.
• Coordinate with custodians, administrators, auditors, and portfolio managers.
• Follow operational controls and applicable accounting policies.

Client Onboarding and Conversion

• Support or lead fund migration and onboarding activities for new clients.
• Perform historical data conversion, validation, and reconciliation.
• Reconcile data between legacy and target platforms.
• Support UAT, parallel runs, transition activities, and issue resolution.
• Prepare onboarding documentation and client communication materials.

Process Improvement and Automation

• Identify opportunities to improve operational efficiency and control effectiveness.
• Use AI and automation tools to reduce manual effort and improve accuracy.
• Participate in digital transformation and workflow-enhancement initiatives.
• Develop and maintain process documentation, SOPs, and knowledge articles.
• Partner with technology teams on automation and platform improvements.

Required Qualifications

• Bachelors degree in Accounting, Finance, Commerce, or a related field.
• 3+ years of experience in fund accounting or closely related investment accounting operations.
• Experience with journal entries, general ledger activities, reconciliations, and financial reporting.
• Understanding of hedge funds, private equity, mutual funds, or alternative investments.
• Strong analytical, problem-solving, and attention-to-detail skills.
• Advanced Excel skills and the ability to work with large financial datasets.
• Clear communication and stakeholder-management skills.

Preferred Qualifications

• Experience with Geneva, PCS, Investran, eFront, Allvue, Advent, or another fund accounting platform.
• Experience in a fund administration or asset-servicing environment.
• Exposure to client migrations, fund conversions, or new-client onboarding.
• Knowledge of AI, RPA, Microsoft Copilot, Power Automate, or similar automation tools.
• CPA, CA, CFA, or an equivalent financial certification is an advantage.

Talent Acquisition Search Guidance

Recommended Job Titles

• Fund Accountant
• Senior Fund Accountant
• Fund Accounting Analyst
• Fund Accounting Operations Analyst
• Investment Accounting Analyst
• Hedge Fund Accountant
• Private Equity Fund Accountant
• Fund Administration Analyst

Mandatory Search Keywords

• Fund Accounting
• Hedge Fund Accounting
• NAV Calculation
• Investment Accounting
• Fund Administration
• Reconciliation
• General Ledger
• Journal Entries
• Financial Reporting
• Waterfall Calculations
• Management Fee Calculations

Preferred Platform Keywords

• Geneva
• PCS
• Investran
• eFront
• Allvue
• Advent
• SS&C

Suggested Boolean Search String

("fund accountant" OR "fund accounting analyst" OR "investment accounting analyst") AND (NAV OR reconciliation OR "general ledger") AND (hedge OR "private equity" OR "alternative investments") AND (Geneva OR PCS OR Investran OR eFront OR Allvue OR Advent)

Sourcing Direction by Market

United States

• Search across fund administrators, asset servicers, investment managers, hedge funds, private equity firms, and financial-services consulting organizations.
• Prioritize candidates with direct fund accounting ownership, client-facing onboarding, conversion, or migration exposure.
• Include candidates with strong operations experience who also demonstrate process automation or AI interest.

India

• Search global capability centers, fund administrators, custody and asset-servicing organizations, BPM firms, and capital-markets consulting teams.
• Prioritize candidates supporting US or global fund accounting operations, month-end cycles, NAV, reconciliation, and client transitions.
• Assess communication skills, global stakeholder exposure, shift flexibility where required, and hands-on platform experience.

TA Screening Guide

Screening Area

Suggested Question

1. 1. Direct experience. Describe your fund accounting responsibilities and the fund types you supported.
2. 2. Accounting depth. Which journal entries, reconciliations, NAV activities, and workpapers did you personally prepare or review
3. 3. Fees and allocations. Explain your experience with management fees, incentive fees, carried interest, or waterfall calculations.
4. 4. Platforms. Which fund accounting systems have you used, and what activities did you perform in them
5. 5. Client onboarding. Have you worked on a fund conversion, migration, or new-client onboarding What was your role
6. 6. Automation and AI. Give an example of a manual process you improved using automation, analytics, or AI.

Screen-Out Indicators

• Background limited to accounts payable, accounts receivable, or general corporate accounting without fund-accounting exposure.
• No hands-on experience with reconciliations, NAV, investment products, or fund structures.
• Platform knowledge stated without clear examples of activities performed.
• No evidence of ownership, accuracy controls, deadline management, or stakeholder communication.

Ideal Candidate Profile

• 3+ years of relevant fund accounting experience, with stronger preference for candidates offering broader end-to-end ownership.
• Hedge fund, private equity, or alternative-investment exposure.
• Hands-on experience with Geneva, PCS, or another fund accounting platform.
• Client onboarding, conversion, migration, or reconciliation experience.
• Strong reporting, controls, and stakeholder-management capabilities.
• Process-improvement mindset with exposure to automation or AI.

Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.