Fund Accounting Specialist - Real Estate

TMF Group; Pune District; On-site; INR 800,000 - 1,200,000; Full time

Job summary

TMF Group seeks a Fund Accounting professional to manage general ledger, NAV calculations, and investor reporting for Real Estate funds. You will coordinate with auditors and ensure IFRS/US GAAP compliance while handling cash flows, vendor data, and capital statements.

The role requires 1–7 years’ experience in fund accounting, with proficiency in Investran, eFront, and Yardi. It offers a chance to advance internal controls and operational efficiency from Pune, India.

Qualifications

• Education emphasizes professional qualification as preferred.
• 1–7 years in fund accounting for Real Estate funds.
• Familiarity with partnership accounting and waterfall calculations.
• Strong IFRS/US GAAP knowledge for real estate funds.

Responsibilities

• Maintain general ledger and perform accounting for Real Estate funds.
• Lease accounting, tenant management for REITs; vendor and inventory data.
• Prepare NAV calculations, investor allocations, and capital statements.
• Prepare quarterly and annual financial statements per IFRS/US GAAP.
• Coordinate with auditors for year-end audits and respond to queries.
• Prepare investor reports and capital call/distribution notices.
• Review payments, monitor cash positions, reconcile bank/investment accounts.
• Support process improvements and reinforce internal controls.

Skills

Analytical skills

Problem solving

Communication

Guidance to junior accountants

Education

Professional qualification preferred

Tools

Investran

eFront

Yardi

Job description

We never ask for payment as part of our selection process, and we always contact candidates via our corporate accounts and platforms. If you are approached for payment, this is likely to be fraudulent. Please check to see whether the role you are interested in is posted on our career website.

Key Responsibilities:

• Maintain general ledger and perform daily, monthly, and quarterly accounting for Real Estate funds.
• Lease Accounting, Tenant Management - for REIT's, Vendor Management, Inventory and Sales data Management - for development funds
• Clear understanding of Valuation, Depreciation and Impairment
• Preparation of VAT returns
• Knowledge of Expect 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.
• Ensure strong internal controls and adherence to policies.

Qualifications & Skills:

• Education: Professional qualification is preferred.
• Experience: 1 to 7 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.