Lead-Private & Hedge Fund Accounting

56672 Ameriprise India LLP; Delhi; On-site; INR 1,500,000 - 2,100,000; Full time

Job summary

Ameriprise India LLP seeks a finance operations professional to support oversight of Private and Hedge Fund platforms, ensuring NAV accuracy, investor allocations, and timely regulatory reporting. You will coordinate with fund administrators, custodians, transfer agents and prime brokers to sustain strong controls and governance.

The role covers monthly review of statements, validation of fees, capital activity tracking, and preparation of management reports for internal reviews.

Job description

About Our Company

Ameriprise India LLP has been providing client based financial solutions to help clients plan and achieve their financial objectives for 20 years. We are part of Ameriprise Financial Inc., a US financial planning company headquartered in Minneapolis with a global presence and diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. The firm’s focus areas include Asset Management and Advice, Retirement Planning and Insurance Protection. Be part of an inclusive, collaborative culture that rewards you for your contributions, and work with other talented individuals who share your passion for doing great work. You’ll also have plenty of opportunities to make your mark at the office and a difference in your community. So, if you're talented, driven and want to work for a strong, ethical company that cares, take the next step and create a career at Ameriprise India LLP.

Job Description

Supports oversight of Columbia's Private & Hedge Fund platform, including hedge fund SMAs, by ensuring the accuracy of fund accounting, NAV calculations, investor allocations, cash and capital activity, and service provider deliverables. The role partners with fund administrators, custodians, transfer agents, and prime brokers to support day-to-day operations, regulatory reporting, audits, governance activities, and continuous process improvement while maintaining a strong control environment. Perform monthly reviews of financial statements and NAV packages for Private and Hedge funds, validating investor allocations, management fees, and incentive fees using reconciliation reports from fund administrators and internal teams. Provide validation support to Manager for final sign off. Resolve accounting matters and coordinate with business partners to address discrepancies identified during reviews. Follow through resolution on any breaks identified by service provider. Validate monthly NAV reporting for hedge strategy SMAs and prepare them for managerial review. Conduct first-level reviews of fund expense budgets and reports prepared by fund administrators. Manage capital activity tracking such as subscriptions and redemptions for private and hedge funds. Coordinate investor capital cash movements with transfer agents and communicate monthly capital activity to stakeholders. Prepare wires for redemptions and PIPE investments. Support deliverables related to APAC region distributor and sub-distributor arrangements by preparing monthly reports and liaising between teams. Monitor custodian cash balances to ensure sufficient funding for redemptions and payments. Oversee margin balances at prime brokers to determine necessary money movements. Calculate and coordinate payment of management fees and incentive fees for hedge funds, preparing supporting documentation for managerial approval. Prepare and submit various private/hedge fund data reports to internal teams. Assist during fund audits, internal audits, and compliance reviews by gathering required information. Collect data for regulatory and compliance reporting items such as Form PF, Form ADV, and Form 5500, supporting daily Form PF monitoring under managerial supervision. Contribute to service level agreements (SLAs) and operational volumetric metrics reporting. Update and maintain departmental procedures and operating documentation. Support managerial efforts to improve operational processes, strengthen internal controls, and mitigate operational, regulatory, and financial risks across private fund operations. Support driving and sustaining the lean culture to enable identifying potential opportunities and strengthening controls. Support changes to regulatory and any other controls. Ensure zero issues that could result in significant brand, financial or business implications.

Employment Details

Full-Time/Part-Time Full time Timings (4:45p-1:15a) India Business Unit AWMPO AWMP&S President's Office Job Family Group Mutual Fund Operations

Equal Opportunity Statement

Ameriprise India LLP is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, genetic information, age, sexual orientation, gender identity, disability, military status, veteran status, marital status, pregnancy, family status or any other basis prohibited by law. We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities. If you require a reasonable accommodation to participate in the application or interview process, speak to your recruiter to discuss how we can support you.

Company Overview

Since 1894, Ameriprise Financial has helped people feel more confident about their financial future. Guided by strong values and a deep commitment to clients, we've remained a trusted leader in financial planning and advice for more than 130 years. Through our businesses, Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance & Annuities, we deliver advice, investment and protection solutions designed for long-term success. While each business brings distinct capabilities and expertise, all are united by our unwavering focus on clients and a strong financial foundation. For you, that means the opportunity to build a meaningful career in a high-performing, collaborative culture where your expertise can grow, your contributions are valued and your work can make a real impact. As a global financial services company with three complementary businesses, the breadth of our capabilities sets us apart. It also creates unique opportunities for employees to learn, collaborate and grow their careers: Ameriprise Financial: Financial planning, advice and wealth management. Columbia Threadneedle Investments: Global asset management serving individual, institutional and corporate clients. RiverSource Insurance & Annuities: Products and solutions designed to help clients protect and grow their wealth. Explore opportunities within each business and region below.