Hiring For Fund Accounting

Deloitte Shared Services India; Bengaluru; On-site; INR 1,800,000 - 2,800,000; Full time

Job summary

Deloitte Shared Services India is seeking a highly skilled fund accounting professional in Bengaluru with deep US GAAP experience for hedge funds and private equity funds. The role focuses on journal entries, amortization, and complex fund provisions across master-feeder structures.

The candidate will handle carried interest, clawbacks, management fees, and related equity allocations, ensuring accurate cash flow reporting and compliance with US GAAP.

Qualifications

• Strong skills in recording journal entries.
• Knowledge of amortization of finance costs.
• Understanding of carried interest, clawback provisions, management fees, preferred return, and catch-up provisions.
• Practical understanding of IRR vs. TR ratios.
• Knowledge of US GAAP exemptions for funds.
• Understanding lines of credit / loan facilities / syndication facilities.
• US GAAP disclosure requirements for hedge funds and private equity funds.
• Knowledge of Master-Feeder structures and investor allocations flow.
• Knowledge on Level 3 asset transfers documentation and disclosures.
• Knowledge on equalization and investor allocations.

Skills

Journal entries

Amortization

Carried interest

Management fees

Preferred return

Catch-up provision

IRR vs TR

Cash flow presentation

Line of credit

US GAAP disclosures

Hedge funds accounting

Master-feeder structures

Level 3 transfers

Equalization

Job description

- Strong skills in journal entries

- Knowledge of Amortization of finance costs

- Deep understanding & working knowledge on Carried Interest & Clawback Provisions, management fees, preferred return, catch-up provision.

- Practical understanding of IRR vs. TR Ratios

- Cash Flow Presentation & Accounting Guidance knowledge of the exemptions available to Funds as per USGAAP

- Good understanding of Line of Credit / Loan Facility / Syndication facilities

- Hands-on US GAAP disclosure requirements for hedge funds and private equity funds.

- Excellent understanding of Master-Feeder Structures and how investor allocations and income/expense distributions flow from the master fund to feeder funds under US GAAP.

- Deep Knowledge on Level 3 Asset Transfers, including the documentation and disclosures required when assets move between Level 2 and Level 3 during the reporting period.

- Deep Knowledge on Equalization and Investor Allocations, including key considerations when using the Equalization Method (Equalization Credits/Depreciation Deposits) and the related accounting entries.