Overview:
We are seeking an experienced and detail-oriented Private Equity fund accountants/SME's to oversee end to end Fund Accounting operations. The ideal candidate will possess in-depth knowledge of private equity fund accounting, financial reporting, and regulatory compliance
Key Responsibilities:
1. Fund Accounting:
a. In depth working knowledge of complex fund structures, waterfall computation, carry plans calculation, clawback accounting, Sub-close, Equalization, Rebalancing and preferred return.
b. Preparation and review of Capital Calls and Distribution notices
c. Determining net asset values, calculating fund performance like IRR, TVPI, RVPI and DVPI percentage
d. Budgeting and allocating fund expenses, preparing reports, preparation of Management fee workings, and review of the same
e. Preparation of consolidation reports for the Entity having subsidiaries with multi-currency transactions
f. Maintaining the trackers for the bank balances, accruals, receivables and other expense trackers to ensure all expenses are accounted and the invoices are paid accordingly
g. Assisting in Internal and External audits
h. Preparation of Management reports and Capital Account Statements on quarterly basis depending on the client requirement
i. Distribution of Trial Balance, Balance Sheet, Financial statements and Individual Investor Statements along with the Funds performance report to the investors on quarterly basis using Investran and/or Geneva services
j. Track LPAs, LOCs, subscription agreements and any other side letters or agreements entered by the fund
Certifications Required
BACHELORS OR MASTERS DEGREE IN COMMERCE WITH STRONG ANALYTICAL SKILLS AND GOOD UNDERSTANDING OF MS OFFICE, CA-Inter & CMA-Inter
Experience : 2-6 yrs of relevant experience into fund accounting