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Job Description - Fund Accounting - Senior roles

Designation:

Senior

Reporting to:

Manager

Role type:

Preparer and Reviewer

Employment type:

Full-time

Technical Experience:

Senior-level candidates should have prior experience in the following areas, along with working with a fund administrator and exposure to fund accounting and technology/fund accounting systems:

- Working knowledge of Real Estate Investment Trusts/Real Estate Funds.

- Proficiency with YARDI.

- Clear understanding of various fee structures, including the calculation of management fees and performance fees, carried interest, preferred return, and clawback provisions.

- Operational aspects such as NAV finalization, reconciliation with admin records, trade settlement, custody cash reconciliations, management reporting, and investor reporting.

- Reconcile investor capital balances and allocation of Profit & Loss.

- Daily analysis of price variance, tolerance check, and Pricing of securities and derivatives held by fund using Bloomberg, broker reports, and client instructions.

- Preparing capital calls and distribution to investors.

- Understanding core functions of investment funds (Front office, middle office, and back office functions).

- Preferred understanding and knowledge of fund investment strategies like venture capital, leverage buyouts, distressed debt, etc.

- Familiarity with fund governance documents (LPA, PPM, Operating Memorandum, etc.).

- Understanding of various fund structures like Master-Feeder, Fund of Funds, Blocker entities, etc., and various investment products like equity and derivative instruments along with related accounting aspects.

Good to have but not necessarily must-have skillsets:

- Experience in preparation and review of financial statements (under USGAAP, IFRS) for mutual funds, hedge funds, and private equity funds, including:

a) Statement of Assets, Liabilities, and Partners' Capital

b) Statement of Operations

c) Statement of Changes in Partners Capital

d) Statement of Cash Flows

e) Schedule of Investments

f) Notes to Financial Statements, including related disclosures.

- Experience in audit preparedness and financial statement close processes, coordination with onshore team members, and handling auditor queries, etc., for various funds.

- Working knowledge and clear understanding of relevant regulatory guidance for investment funds, including USGAAP, AICPA requirements, is preferred.

Key Responsibilities:

- Deliver high-quality industry-specific work on time and within the time estimates made and agreed with the US engagement teams/key stakeholders.

- Develop and maintain relationships with key EY industry leaders and contacts to grow GDS business.

- Establish expectations of value to be delivered on the engagements worked on from GDS.

- Build fund accounting knowledge and capabilities within the GDS teams.

- Identify opportunities to standardize and optimize processes across a portfolio of clients and the industry to improve efficiency.

- Develop an understanding of EY's Quality and Risk Management procedures and ensure these are embedded into the GDS team's deliverables.

- Demonstrate professionalism, industry competence, and clarity of communication when dealing with the engagement team.

- Use technology, continually learn, share knowledge with team members, and enhance service delivery.

- Contribute to technical/functional and soft-skills training to continually develop the team's skills on industry-specific areas of work.

- Actively participate and lead the overall performance development and feedback process at the team and overall GDS level.

- Manage daily tasks independently, cooperate with other EY team members, and communicate with client personnel.

Education and Experience Requirements:

- Qualified MBA/CA/US CPA/ACCA along with a Bachelor's degree in Finance & Accounting.

- Demonstrates an expert understanding of fund accounting processes, concepts, and terminologies in a reporting/audit environment.

- 1-6 years of post-qualification experience in a Global Investment Company/Bank/Fund Administrator in a similar work profile.

- Experience with Big 4/leading Audit firms/Fund Houses or their shared service center would be preferred.

Enabling Skills:

- Good knowledge of MS Office (with an emphasis on MS Excel skills).

- Strong English communication abilities (Oral & Written).

- Attention to detail and quality consciousness.

- Self-motivated and a critical thinker.

- High-energy, independent decision-making capability with the ability to manage priorities and conflicts.

- Be a quick learner and demonstrate adaptability to change.

- Willingness to work with new technologies.

- Resilient and demonstrate the ability to lead change by effectively building commitment and winning support for initiatives through influencing, negotiation, collaboration, and relationship-building skills.

- Willing and capable of delivering under tight timelines, based on business needs, including working on weekends.

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