Team Lead - Fund Accounting

Linedata; Maharashtra; On-site; INR 600,000 - 1,200,000; Full time

Job summary

Linedata seeks a team member for the Fund Accounting team to ensure accurate and timely NAVs. Responsibilities encompass managing hedge funds, performing reconciliations, and handling financial instruments. Candidates must be Chartered Accountants with strong Excel skills and a keen understanding of financial markets.

The ideal candidate will handle corporate actions, compute profit and loss, and maintain communication with clients. Join a diverse team and thrive in a fast-paced environment.

Qualifications

• Must have a Chartered Accountant qualification.
• Good understanding of financial and capital markets products.
• Experience in using MS Excel and related formulas.

Responsibilities

• Manage Open/Close-ended Hedge funds with trade reconciliation.
• Account for corporate actions trades.
• Prepare daily/weekly/monthly GAV/NAV.
• Book capital activities and reconcile market values.
• Compute profit and loss for financial instruments.
• Reconcile expense accounting and dividend accrual.
• Ensure trial balance ledgers tie up with sub-ledgers.

Skills

Chartered Accountant

Understanding of financial markets

Hands-on experience with MS Excel

Strong written and verbal communication skills

Education

Qualified Chartered Accountant

Tools

General ledger accounting software

Job description

About Us

Linedata offers exposure to large-scale client projects, internal mobility and opportunities to develop your skills alongside leading experts. With more than 1,350 colleagues across 20 locations worldwide, we power the daily operations of 700 leading financial institutions and thrive on diverse perspectives and collaboration in a global, multicultural environment with over 45 nationalities represented.

Role

As a Team member in the Fund Accounting team, you will be responsible for the delivery of accurate and timely NAVs and for performing the various types of reconciliation between client general ledger data and market data providers, including custody and prime brokers along with fund administrators. The role blends product knowledge with technology usage. It involves accounting for corporate actions, booking of trading and non-trading accruals, pricing of portfolios, and computation and analysis of profit and loss. You will coordinate with clients and relevant external sources for break resolution. The role requires the ability to work under tight deadlines, maintain quality delivery as per standard operating procedures, and possess excellent communication skills.

Responsibilities

• Managing Open/Close-ended Hedge funds with reconciliation and integration of trades for clients.
• Accounting/Booking of corporate actions trades.
• Daily/weekly/monthly GAV/NAV preparation.
• Booking of capital activities and market value reconciliation.
• Computation of profit and loss for financial instruments.
• Expense accounting and dividend accrual reconciliation.
• Bond coupon accrual reconciliation.
• Confirming trial balance ledgers tie up with various sub-ledgers.

Required Skills

• Must Have: Chartered Accountant
• Good understanding of financial / capital markets products (equity, bonds, futures, options, FX forwards)
• Hands-on experience with MS Excel and formulas
• Strong written and verbal communication skills

Good To Have

• Certification course in Financial Markets / Products
• Experience with general ledger accounting software
• Experience with Mutual Funds accounting / audit

Education Qualification

• Qualified Chartered Accountant