Lead-Private & Hedge Fund Accounting

ameriprise; Gurugram District; On-site; INR 900,000 - 1,300,000; Full time

Job summary

Ameriprise India LLP is seeking a Funds Operations professional to support oversight of Private and Hedge Fund platforms, ensuring NAV calculations, investor allocations, and regulatory reporting are accurate and compliant.

You will coordinate with fund administrators, custodians, transfer agents and prime brokers to maintain a strong control environment and timely processing of daily workflows across the fund complex.

Responsibilities

• Support oversight of Private & Hedge Fund platform, ensuring NAV accuracy, investor allocations, cash and capital activity, and service provider deliverables.
• Perform monthly reviews of financial statements and NAV packages for Private and Hedge funds, validate allocations and fees, and resolve discrepancies.
• Manage capital activity tracking (subscriptions/redemptions) and coordinate investor cash movements with transfer agents; assist APAC distributor reporting.
• Monitor custodian cash balances and margin balances with prime brokers to ensure sufficient funding for transactions.
• Assist during fund audits and regulatory reporting (Form PF, Form ADV, Form 5500) and support SLAs and internal controls.

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.

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

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.