Fund Accounting Team Lead

PwC; Bengaluru; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

PwC in Bengaluru seeks a postgraduate accountant with CA qualification to join our private equity and real estate fund administration team. You will reconcile cash movements, oversee credit facilities, and prepare fund accounting records and investor reporting.

You will lead quarterly closes, ensure accurate financial statements, manage capital calls and distributions, and support audit and compliance. Proficiency in Excel and fund accounting systems such as Investran, LemonEdge, or Anaplan is a

Qualifications

• Postgraduate degree in Accounting required.
• Chartered Accountant designation preferred.
• 4+ years of relevant experience in private equity, real estate, or credit fund administration and/or public accounting.
• Strong understanding of alternative investment fund structures, capital activity, and investor reporting.
• Experience with private equity, real estate, or credit fund waterfall calculations, including preferred return and carried interest allocations.
• Fluency in English with excellent verbal and written communication skills.

Responsibilities

• Reconcile and review daily cash movements and investment activity across funds and SPVs.
• Review and oversee fund-level and deal-level credit facility activity.
• Prepare and review investment, follow-on, and distribution wire transfers.
• Prepare, review, and maintain fund accounting records, including journal entries and general ledger activity.
• Oversee expense allocations and invoice processing across funds, portfolio entities, and management companies.
• Prepare and review quarterly and annual financial statements, including related financial disclosures.
• Prepare and review investor capital account statements.
• Calculate, review, and oversee the billing of management fees and fund expenses.
• Prepare and review carried interest and waterfall calculations in accordance with fund governing documents.
• Prepare and oversee capital calls and investor distributions.
• Respond to investor inquiries with a high level of accuracy, timeliness, and professionalism.
• Lead or actively participate in quarterly financial close and firm-wide reporting processes.
• Support regulatory, compliance, and audit-related reporting requirements.
• Participate in technology implementation and enhancement projects, including requirements gathering, user testing, and process integration.
• Lead or contribute to special projects and ad-hoc initiatives as required.

Education

Postgraduate degree in Accounting

Chartered Accountant

Tools

Excel

Investran

LemonEdge

Anaplan

Job description

Key Responsibilities

• Reconcile and review daily cash movements and investment activity across funds and SPVs
• Review and oversee fund-level and deal-level credit facility activity
• Prepare and review investment, follow-on, and distribution wire transfers
• Prepare, review, and maintain fund accounting records, including journal entries and general ledger activity
• Oversee expense allocations and invoice processing across funds, portfolio entities, and management companies
• Prepare and review quarterly and annual financial statements, including related financial disclosures
• Prepare and review investor capital account statements
• Calculate, review, and oversee the billing of management fees and fund expenses
• Prepare and review carried interest and waterfall calculations in accordance with fund governing documents
• Prepare and oversee capital calls and investor distributions
• Respond to investor inquiries with a high level of accuracy, timeliness, and professionalism
• Lead or actively participate in quarterly financial close and firm-wide reporting processes
• Support regulatory, compliance, and audit-related reporting requirements
• Participate in technology implementation and enhancement projects, including requirements gathering, user testing, and process integration
• Lead or contribute to special projects and ad-hoc initiatives as required

Qualifications

• Postgraduate degree in Accounting
• Chartered Accountant
• 4+ [GR1] years of relevant experience in private equity, real estate, or credit fund administration and/or public accounting
• Strong understanding of alternative investment fund structures, capital activity, and investor reporting
• Demonstrated experience with private equity, real estate, or credit fund waterfall calculations, including preferred return and carried interest allocations, and the ability to independently review and validate results
• Fluency in English with excellent verbal and written communication skills
• Proven ability to operate effectively in a fast-paced, international team environment
• Strong interpersonal skills with a client-service mindset, prioritizing accuracy, timeliness, and responsiveness
• Highly motivated self-starter with strong ownership mentality and attention to detail
• Demonstrated project management skills with the ability to manage multiple priorities
• Advanced proficiency in Microsoft Office, particularly Excel
• Knowledge of fund accounting and reporting systems such as Investran, LemonEdge, and/or Anaplan is a strong advantage