Team Lead – Fund Accounting LINEDATA

Earnmodes; Mumbai; On-site; INR 1,800,000 - 3,000,000; Full time

Job summary

Earnmodes in Mumbai seeks an experienced Fund Accountant to supervise the preparation of fund financial statements, NAVs, and investor capital accounts, ensuring GAAP/IFRS compliance. You will lead a team of analysts, review journal entries, and oversee valuation, fees, and reporting.

The role requires strong knowledge of fund accounting principles, loan servicing, and related platforms, with an emphasis on controls, process improvements, and timely delivery.

Qualifications

• Qualified Accountant or equivalent in finance.
• CA with 4+ years’ experience in Fund Accounting OR MBA (Finance) with 6+ years’ experience.
• Strong understanding of NAV calculation, income accruals, loan valuation, and pricing.
• Experience in Private Credit / Direct Lending / Loan Accounting.

Responsibilities

• Supervise preparation and review of fund financial statements, NAVs, and investor capital account summaries.
• Review journal entries, loan-level accruals, amortization schedules, and GL maintenance.
• Oversee amortization, PIK, interest accruals, and expense allocations.
• Lead preparation and review of investor statements and performance reporting.
• Coordinate audits with auditors, fund administrators, and control teams.

Skills

Fund accounting knowledge

Financial reporting

Communication skills

Team leadership

MS Office

Education

CA with 4+ years in Fund Accounting

MBA (Finance) with 6+ years

Tools

General ledger systems

Loan servicing platforms

WSO

eFront

Investran

Geneva

Job description

Job Description

Position Responsibilities:

The role will involve the following critical activities:

• Supervise preparation and review of fund financial statements, loan schedules, NAVs, and investor capital account summaries.
• Review journal entries, loan-level accruals, amortization schedules, and general ledger maintenance.
• Ensure compliance with GAAP/IFRS and Private Credit–specific accounting policies.
• Oversee calculation of management fees, performance fees, carried interest, and fund operating expenses.
• Review monthly/quarterly valuation of loans, includinginterestPIK accruals, OID amortization, prepayment calculations, and impairment assessments.
• Oversee daily/periodic loan servicing activities such as interest accruals, cash movements, repayments, drawdowns, and roll-forwards.
• Review credit facility accounting (revolvers, term loans, subscription lines, and leverage facilities).
• Monitor covenant compliance tracking and SOFR/LIBOR updates for floating-rate loans.
• Ensureaccuratesetup and maintenance of loan investment data, pricing, and valuation inputs.
• Lead preparation and review of investor statements, capital account allocations, and performance reporting.
• Oversee capital calls, distributions, equalizations, and allocation of income, fees, and expenses.
• Maintain and review investor capital accounts, waterfall models, and performance calculations.
• Liaise with investor relations teams and respond to investor queries.
• Manage, guide, and mentor a team of analysts and senior associates.
• Delegate tasks effectively, set priorities, and track delivery against KPIs.
• Conduct training and development sessions to enhance team capabilities.
• Drive process automation, standardization, and efficiency improvements.
• Ensure strong internal controls and issue remediation plans.
• Coordinate with auditors, fund administrators, and internal control teams during audits.
• Ensure all documentation, checklists, and reconciliations meet compliance requirements.
• Identifyand mitigate operational risks proactively.

Looking for:

Must Have:

• Qualified Accountant or equivalent.
• CA with 4+ years’ experience in Fund Accounting OR MBA (Finance) with 6+ years’ experience.
• Strong understanding of fund accounting principles including NAV calculation, income accruals, loan valuation, amortization (OID/Premium/Discount), and pricing.
• Experience in Private Credit / Direct Lending / Loan Accounting (Term Loans, Mezzanine, Senior Secured Loans, Revolvers).
• Ability to compute and review interest accruals, PIK interest, commitment fees, prepayment penalties, and amortization schedules.
• Experience with accounting tools, general ledger systems, loanservicing platforms.
• Strong interpersonal, verbal, and written communication skills.
• Strong MS Office skills.
• Ability to work under pressure and meet deadlines.

Good to have:

• Experience with WSO, eFront, Investran, Geneva, or similar systems.
• Advanced Excel skills (pivot tables, formulas, basic macros).
• Strong analytical, leadership, and organizational abilities.
• Experience managing multiple deliverables in a deadline-driven environment.

• Source: Company Career page