Fund Accountant

Fund Accountant
Location: Bangalore/Mumbai
Shift Timings: US shift (Night shift)
Work Mode: Hybrid

The position:

This position is for a member of the client facing fund services team catering to Global Hedge Fund, Private Equity & Debt Fund clients. The fund services team deals with complex fund structures along with multiple asset classes across jurisdictions with specialized accounting services

Roles & Responsibilities:

• Knowledge of private equity/ debt fund structures designs & hierarchies, Special purpose vehicles, standalone funds, master-feeder funds and the role of each entity in the fund structure
• Knowledge on the role of Investors' classes, GP class, carry class, Affiliated / Non-affiliated classes.
• Recording investors commitments and knowledge on accounting of initial/subsequent/late closings.
• Processing capital activities i.e. subscription, redemption, transfers, switches. Preparing call and distribution notices, wire details and related schedules. Processing and understanding the role of Master-feeder capital transactions
• Responsible for booking trading and non-trading transactions and finalizing books of accounts.
• Preparation of monthly/quarterly NAV workbooks and economic allocations, knowledge on PNL rebalancing and European & American waterfall methods
• Computation of management fees in various periods, preferred returns and carried interest computations
• Knowledge of various ratios viz. Internal rate of return, Time weighted return, Investment multiple
• Handling Investor reporting, Fund level reporting and ILPA reporting (optional)
• Interacting with clients on various accounting/operational issues
• Knowledge of Operations and accounting of Bank debts, TRS, MBS, CLO instruments

You're Profile:

• Preferred Masters in Finance & Accounting or Chartered Accountant
• 3-6yrs experience in Financial Services / Capital Markets Industry with min 2+yrs work experience in Private Equity / Financial Reporting
• Experience in working across country lines and operating in a global, multinational organization, ideally in a matrix structure
• Demonstrable accomplishments relating to organizational change activities in a fast-paced environment
• Willing to work in fast paced dynamic industry
• Positive attitude, team player, pro-active and ready to accept challenges
• Excellent verbal and written communication skills

Responsibilities

• Manage and supervise a team of fund accountants, providing guidance and support.
• Prepare and review financial statements, ensuring compliance with accounting standards and regulations.
• Perform complex fund accounting tasks, including valuation, performance measurement, and investor reporting.
• Collaborate with investment managers and other stakeholders to understand fund requirements and provide accurate financial information.
• Implement and maintain robust internal controls and procedures to ensure data integrity and security.
• Conduct periodic reviews and audits of fund accounting processes to identify and address any potential issues.
• Stay updated with industry trends and best practices in fund accounting, suggesting improvements and enhancements.
• Liaise with external auditors and provide necessary documentation and support during audit processes.
• Assist in the preparation of regulatory filings and ensure timely submission of required reports.

Qualifications

• A bachelor's degree in accounting, finance, or a related field is required, with a preference for a master's degree or professional certification (e.g., CPA, CFA).
• 5-8 years of relevant experience in fund accounting, with a strong focus on private equity.
• Demonstrated expertise in complex fund structures and an understanding of alternative investment vehicles.
• Proficiency in accounting software and systems, with the ability to adapt to new technologies.
• Excellent analytical and problem-solving skills, with a keen eye for detail.
• Strong leadership and communication skills, with the ability to collaborate effectively with cross-functional teams.
• Ability to work independently, manage multiple priorities, and meet tight deadlines.
• A results-driven and proactive approach to work, with a commitment to continuous learning and improvement.
• Knowledge of regulatory requirements and industry standards is highly desirable.
• Prior experience in a similar role within a professional services firm or financial institution is an advantage.

About Company

At CSC®, we're always looking ahead, finding ways to innovate, challenge the status quo, and anticipate the needs of our clients. We exceed expectations by adapting client ambitions and goals as our own. This Fierce Client Spirit has helped us adapt and create solutions that have enabled businesses to run smoother and smarter for more than 125 years. It's also the reason we're the trusted partner of many of the world's most successful organizations.

CSC is committed to attracting, developing, and retaining talented people whose values align with ours. We empower our colleagues to bring the right solutions to market to meet client demand. That's why we are the leading provider of business administration and compliance solutions.

• CSC is a great place to work with smart and dedicated people.
• We have won several employer recognition awards, including Top Workplace USA, Great Places to Work India, and Built In's Best Places to Work.
• We offer fulfilling work and career opportunities. Most positions are filled with internal moves and employee referrals.
• Employees are eligible for Success Sharing, bonuses, or commission plans based on role and individual performance.
• CSC offers a competitive and comprehensive benefits package that includes annual leave, tuition reimbursement, referral bonuses, and more.
• As business needs allow, CSC offers hybrid or remote work schedules in alignment with local regulations. Specific details for this position will be discussed during the interview process.

Company

CSC is a global business, legal, and financial services company based in Wilmington, Delaware, USA, providing knowledge-based solutions to clients worldwide. We have offices and capabilities in over 140 jurisdictions in the Americas, Europe, Asia Pacific, and the Middle East, and more than 8,000 colleagues. We are the business behind business.®

Visit our careers site to learn more about CSC and our commitment to our clients, communities, and each other.

CSC is committed to creating a feeling of belonging through a diverse and growth-oriented environment where everyone is valued.

CSC colleagues have global career opportunities and excellent benefits, including annual success-sharing bonuses or commission plans based on individual performance. To learn more, visit cscglobal.com/service/careers.

We offer a range of support to colleagues with disabilities, ensuring people have the necessary resources to thrive in their roles. We encourage candidates to work closely with our talent acquisition partners to convey their specific needs. Our commitment to accessibility reflects our broader dedication to diversity and belonging,

CSC only accepts resumes from employment agencies that are part of our approved supplier program. Resumes submitted from other agencies either to talent acquisition, our hiring leaders, employees, or through any other mechanism other than our supplier process, will not be eligible to claim related fees and the submitted resumes will be considered property of CSC.

We encourage candidates to apply directly to our website and not through third-party sources.

Disclaimer: The information above describes the general nature and level of work performed by employees in this role. It is not intended to describe all duties, responsibilities, and qualifications.