Fund Accountant

Title: Assistant Manager/ Manager

Location: Bangalore

Work Mode: Hybrid

Shift Timings- UK Shift

Introduction:
The Assistant Manager will be responsible for managing the day-to-day fund accounting operations for private equity clients, ensuring accurate financial reporting, NAV calculations, and compliance with applicable standards. The role requires strong technical expertise, team management skills, and the ability to handle client interactions effectively.

Key Responsibilities:

• Oversee end-to-end fund accounting activities for private equity funds, including capital calls, distributions, and investor allocations
• Review and prepare Net Asset Value (NAV) calculations on a periodic basis
• Prepare and review financial statements in accordance with applicable accounting standards (e.g., IFRS, US GAAP)
• Ensure timely and accurate reporting to clients and stakeholders
• Manage and review general ledger activities, journal entries, and reconciliations
• Coordinate with auditors and support the audit process, including preparation of supporting schedules and documentation
• Monitor fund performance and ensure compliance with fund agreements and regulatory requirements
• Handle complex transactions such as carried interest, waterfalls, and investment valuations
• Liaise with internal teams, custodians, and third-party service providers
• Identify process improvements and implement best practices to enhance efficiency and control
• Supervise, mentor, and review the work of junior team members

Financial Reporting & Preparation:

• Prepare quarterly and annual financial statements, including balance sheet, income statement, and cash flow statements
• Ensure accurate disclosure of investments, commitments, and related party transactions
• Review partner capital statements and investor reporting packages
• Assist in preparation of management reports and variance analysis
• Ensure proper documentation and audit trails for all financial reporting processes

Requirements:

• Bachelor’s degree in Accounting, Finance, or related field; professional qualification (CA, CPA, ACCA, or equivalent) preferred
• 7- 9 years of relevant experience in private equity fund accounting or asset management
• Strong knowledge of fund structures, capital activity, and valuation concepts
• Experience in financial statement preparation and audit support
• Familiarity with accounting standards such as IFRS and US GAAP
• Proficiency in fund accounting systems (e.g., Investran, eFront) and Microsoft Excel
• Strong analytical, organizational, and problem-solving skills
• Excellent communication and stakeholder management abilities

Preferred Skills:

• Experience with complex fund structures and multi-jurisdictional entities
• Prior team handling or review experience
• Ability to work under tight deadlines and manage multiple priorities