Fund Accounting & Reporting, AS

Deutsche Bank AG; Bengaluru; On-site; INR 1,500,000 - 2,200,000; Full time

Benefits offered by this job

Leave policy

Parental leave

Childcare reimbursement

Sponsorship for industry certificates

Employee assistance program

Health Insurance

Accident and Life Insurance

Health screening for 35 yrs. and above

Job summary

Deutsche Bank AG, Bangalore, seeks a senior associate to lead fund accounting and reporting for illiquid private market funds. You will oversee end-to-end financial control, NAV accuracy, and investor allocations while coordinating with external administrators and regulators.

Role includes governance, policy improvements, and collaboration with global teams to ensure compliance with IFRS/Lux GAAP/US GAAP and AIFMD, INREV, and IPEV standards.

Qualifications

• Deep understanding of private equity fund structures and carried interest.
• Experience reviewing NAV, management and performance fees.
• Familiarity with IFRS/Lux GAAP/US GAAP and AIFMD filings.
• Strong governance and control mindset.

Responsibilities

• Oversee financial reporting and accounting for alternative funds via external fund administrator.
• Review NAVs, fee calculations, valuation adjustments, and investor allocations.
• Coordinate with fund administrators, custodians and depositories to ensure SLAs.
• Ensure regulatory filings (AIFMD, INREV, ILPA, IPEV) and GAAP compliance.
• Support annual external audits and investor deliverables.
• Drive process improvements and automation in reporting.

Skills

Fund accounting

NAV calculations

Regulatory reporting

Education

Chartered Accountant/CPA/ACCA

Tools

Investran

Yardi

efront

Job description

Job Description: Additional Job Description Job Title: Fund Accounting & Reporting Corporate Title: Associate Location: Bangalore, India

Role Description

We are building a high-performing team in India to support the Illiquid Products Finance & Operations function. The team will play a key role in the end-to-end financial control, accounting oversight, and regulatory reporting of alternative investment funds across multiple asset classes including Real Estate, Private Equity, Private Debt, Infrastructure and other private market strategies domiciled in Europe and other jurisdictions. The role offers an excellent opportunity to work closely with Fund Managers, Portfolio Managers & Fund Administrators & to build holistic expertise working hand in hand with global teams & third-party administrators while gaining in-depth exposures to European fund structures, industry benchmarks (INREV, ILPA, IPEV, AIFMD) & the best-in-class operational practice. The role also provides deep exposure to private equity fund structures, portfolio company investments, co-investment vehicles and carried interest arrangements. The role is responsible for overseeing the accounting, financial, and regulatory reporting of Private Equity Funds and involves active review of fund financials produced by external fund administrator, ensuring accuracy of NAVs, management and performance fee calculations, investor allocations, valuation and regulatory submissions, The incumbent will play a key role in strengthening financial control, governance and reporting framework while driving improvements across the fund reporting function.

What we’ll offer you

• Best in class leave policy.
• Gender neutral parental leaves
• 100% reimbursement under childcare assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term Life Insurance
• Complementary Health screening for 35 yrs. and above

Your key responsibilities

• Oversee the financial reporting and accounting processes of alternative funds managed through external fund administrator, ensuring compliance and internal policies, fund documentation and local regulations.
• Review and challenge NAV calculations, management and performance fee workings, valuation adjustments, investor allocation and expense accruals.
• Liaise with external fund administrators, custodian & depositories to ensure service quality and compliance with SLAs.
• Analyse financial statements & reports to ensure accuracy & completeness in accordance with the applicable GAAPs (IFRS/Lux GAAP/US GAAP) & industry best practices (INREV, ILPA, IPEV)
• Understand Fund agreement to determine impact on reporting.
• Ensure fund performance and investor relevant metrics are correctly calculated and timely reported.
• Support the delivery of the periodic board packs.
• Oversight of key regulatory and management reporting deliverables – including AUM, AIFMD, Annex IV, and SAQ- ensuring robust governance, data integrity, and compliance with internal polices and external regulatory standards.
• Support the annual external audit process.
• Ensure all applicable investor deliverables are produced, reviewed, and delivered to investors in line with Fund rules & relevant investors agreements.
• Ensure reporting to the Depository is provided according to the depository agreement and AIFMD.
• Addressing internal and external stakeholder queries promptly and efficiently.
• Designing /enhancing processes and supporting/furthering technology initiatives related to above responsibilities

Your skills and experience

• Strong Fund Accounting Expertise: Deep understanding of private equity business & fund structures including capital commitment structures, drawdowns, waterfalls, carried interest, co-investment structures and distribution mechanisms.
• Financial Review & Oversight: Proven ability to review and challenge NAVs, Management and performance fee calculations, investor allocation, valuation adjustments, and expense accruals prepared by Fund administrator.
• Regulatory & Financial Reporting: Experience with preparation and oversight of financial statements under IFRS/HGB/Lux GAAP, and regulatory reporting requirements such as AIFMD, KAGB, INREV, BVI or BaFin filings. Familiarity with AUM reporting and reconciliation to internal and external systems.
• Valuation Governance: Understanding of valuation methodologies for illiquid and alternative investments, including fair valuation assessment of unlisted equities, portfolio companies, co-invest vehicles and other illiquid investments, ensuring consistency with regulatory and accounting standards.
• Fund Administrator Management: Ability to review deliverables from external fund administrator, ensuring accuracy, completeness and adherence to SLAs, control framework and accounting policies. Skilled in identifying and escalating material discrepancies or control breaks promptly.
• Control & Governance mindset: Strong focus on implementing and maintaining robust internal controls. Governance over pricing valuation, and finance close process and ensuring compliance with both internal polices & external regulatory framework.
• Analytical & Technical Proficiency: High degree of comfort with Fund accounting system and reporting tools (e.g. Investran, Yardi, efront, or equivalent) and advanced excel/power BI capabilities to perform data validation and portfolio analytics.
• Stakeholder Management: Effective communicator capable of coordinating across Investment teams, fund administrators, auditors and regulators, ensuring timely and accurate reporting and resolution of accounting or valuation issues.
• Continuous improvement orientation: Demonstrated ability to enhance reporting process, standardize templates, improve efficiency and contribute to automate or data quality initiatives.
• Professional Qualifications: Chartered Accountants/CPA/ACCA or equivalent qualification.
• Interpersonal skills: Demonstrates a solution-oriented mindset, strong problem-solving ability and willingness to take ownership and accountability for deliverables. Capable of driving outcomes in a fast-paced environment, fostering teamwork, and promoting a culture of transparency, accuracy and continuous improvement
• Other skills: Proficiency in German desirable but not required. Experience supporting private equity funds, co-investment structures or fund administrators servicing private equity clients preferred.
• Proven ability to leverage AI tools to enhance productivity, optimise workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs.

How we’ll support you

• Training and development to help you excel in your career.
• Coaching and support from experts in your team.
• A culture of continuous learning to aid progression.
• A range of flexible benefits that you can tailor to suit your needs.

About us and our teams

Please visit our company website for further information: https://www.db.com/company/company.html We at DWS are committed to creating a diverse and inclusive workplace, one that embraces dialogue and diverse views, and treats everyone fairly to drive a high-performance culture. The value we create for our clients and investors is based on our ability to bring together various perspectives from all over the world and from different backgrounds. It is our experience that teams perform better and deliver improved outcomes when they are able to incorporate a wide range of perspectives. We call this #ConnectingTheDots. For over 150 years, our dedication to being the Global Hausbank for our clients has been driven by our people – in around 60 countries and across more than 150 nationalities. Their deep understanding, insights, expertise, and passion help our clients navigate an increasingly complex world – be it in our Corporate Bank, our Private Bank, our Investment Bank or our Asset Management (DWS) division. Together we can make a great impact for our clients at home and abroad, securing their lasting success and financial security. More information at: Deutsche Bank Careers (db.com)