Private Equity Fund Accounting

The Job

We are seeking to identify a qualified Chartered Accountant towork on key client deliverables in fund accounting and group finance (monthly, quarterly and annual reporting requirements), for a major investment organisation.

Key responsibilities:

• Manage the day-to day team operations, prepare / review team deliverables before final submission to clients and achieve key performance indicators or specified Service Level Agreements
• Work closely with client stakeholders to resolve queries, support new business requirements, work with client auditors to resolve queries
• Completely own the Private Equity funds allotted.
• Be responsible for reviews and checks for fellow peers and juniors
• Tracking investments, divestments, drawdowns/ distributions and any income/expense related to the funds
• Monthly P&L reporting for the funds, preparation of fund expenditures packages and wire transfer requests
• Analyze and prepare expense allocations between multiple fund entities
• Prepare calculation of performance figures, waterfall calculations and others
• Complete month end close process along with all control checks and NAV calculations
• Prepare Financial Statements under IFRS and coordinate the audit on quarterly and annual basis
• Work on any system upgrades including data migration and testing
• Prepare workings for annual tax statements
• Detailed upkeep of all investor related data including joining/ leaving and any what-if analysis based on respective fund rules

Broad reporting deliverables will include:

• Monthly: Cash Book preparation, Clearing of Key suspense account, Intercompany reconciliations for allocated entities, Portfolio KPI analysis
• Quarterly: Quarterly investor reports, GP fee calculation, Allocation Journals and calculations and forecasting presentations
• Yearly: Annual Statutory reports, Investor reports, Tax Statements

Your Profile

• Must be a CAwith substantialwork experience in leading teams in accounting / financial reporting functional areas in the alternative investments sector (preferably worked in compiling books of account for private equity firms / hedge funds / financial services firms)
• Previous experience working with credit instruments including, but not limited to, equity, loans; bank loans, bonds, structured products (CLO, CDOs, etc.)
• Knowledge of private equity style waterfalls
• Working knowledge of IFRS and US GAAP
• Good working knowledge of MS Excel with an ability to create charts/pivot tables, knowledge of macros
• Previous experience in maintaining SOX documentation, testing and control procedures
• Working Knowledge of eFront, Investran and VPM is a bonus

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