Private Equity / Debt - Fund Accounting Analyst

Axience Consulting; Mumbai; On-site; INR 900,000 - 1,300,000; Full time

Job summary

Axience Consulting is seeking a Fund Accounting Analyst in Mumbai to support private equity and debt fund clients. The role focuses on fund accounting, including NAV calculations, reporting, and reconciliation tasks, with opportunities to work on monthly and quarterly financial statements and MIS dashboards.

The ideal candidate has CA/Intermediate or CA Final credentials and strong accounting knowledge, with experience in reconciliations, monthly/quarterly reporting, and English communication

Qualifications

• Excellent oral and written English communication skills and listening abilities.
• Love for numbers and attention to detail.
• Top-tier education and academic performance with accounting experience.

Responsibilities

• Prepare reports on Net Assets Values, yields, distributions and fund accounting outputs.
• Reconcile accounts and review variances with supporting documentation.
• Daily cash reconciliation with custodian records and client reporting.
• Finalize month-end NAV and investor-level allocation reports.
• Prepare fund financials and periodic reports to management on fund activities.

Skills

English communication

Attention to detail

Love for numbers

Education

CA (Intermediate)/ CA Final

B.Com / M.Com

Job description

Financial Research Services

• Under our Financial Research vertical, we support reputable clients including private equity and debt investors/funds, investment banks, asset managers, hedge funds and family offices, among others
• Axience support to its clients include various activities in deal/transaction execution from creating pitch books, info memo and financial models as well as basic tasks such as news run, updating databases and creating newsletters for sell-side clients
• On the other hand, we support public and private market investors in fundamental research, due diligence and valuation/modelling
• We also selectively support our clients in fund accounting, finance and other private equity and CFO support functions
• Our business is a mix of ongoing dedicated analyst relationships and ad-hoc value-added projects. This mix allows our staff to have arguably better learning and growth opportunities than our peers

Position: Fund Accounting Analyst

We are currently hiring an experienced accounting professional to support one or more of our clients including private equity and debt fund

Required Background

• Exceptional theoretical and practical knowledge of accounting fundamentals and concepts
• Advanced accounting qualification such as CA (fully qualified or intermediate)
• Excellent performance in B.Com and/or M.Com
• One of the following backgrounds is mandatory

Corporate/SME

• Comprehensive experience in finance manager function of an SME or Corporate with a background in recording, book-keeping and documentation
• Proven experience in preparing monthly, quarterly and annual financial statements, dashboards and MIS reports

Fund Administration

• Experience in working with a captive or third-party offshoring team supporting in private equity fund accounting operations

Auditing

• Experience of working at a reputable audit or chartered accountancy firm

Private Equity/Debt Fund

• Experience in fund accounting functions of the Private Equity and Hybrid Funds that include recording journal entries and preparing monthly / quarterly / annual financial reports

Role Description

• Prepare various reports related to Net Assets Values, yields, distributions, and other fund accounting output
• Reconcile various accounts or reviewing reconciliations and research/correcting any variances
• Daily cash reconciliation with custodian records and various other client reporting
• Finalizing the month-end NAV of the client and providing investor-level allocation reports at month-end.
• Prepare fund financials and other periodic reports to management on Fund activities and other related issues

Opportunity

• Work directly with and learn from in-house accounting and finance function of multi-billion dollar private equity funds
• Develop knowledge of private debt market, loans, CLOs and other debt funds working from an accounting and finance perspective
• Develop exceptional skills in accounting

Desired Background and Skills

• Top tier education and academic performance with accounting experience B.Com / M.Com / CA (Intermediate)/ CA Final
• At least 3 years of experience related to the reconciliation of assets/cash bank balances and review transactions for accuracy
• Ability to survive in fast pace environment sometimes working on slightly vague instructions from clients and senior management
• Excellent oral and written English communication skills and listening abilities
• Love for numbers and attention to detail

Contact

• Only Mumbai based candidates or those that are willing to relocate will be considered
• The role is based in Mumbai and is fully work from office