Chartered Accountant

Position: Chartered Accountant – Audit & Assurance
Department: Audit & Assurance / Financial Services
Experience: 2–4 years of relevant post-qualification experience (PQE)
Industry: Financial Services, Capital Markets, Investment Management
Location: Mumbai

About the Role

We are seeking a qualified Chartered Accountant with experience in audit and assurance of financial services entities, including Portfolio Management Services (PMS), Alternative Investment Funds (AIFs), merchant bankers, investment advisers, and other capital market intermediaries.

The candidate will be responsible for executing audits, evaluating regulatory compliance, reviewing financial statements, assessing internal controls, and ensuring adherence to applicable accounting standards, SEBI regulations, and other statutory requirements.

Key Responsibilities

1. Audit of Financial Services Entities

• Conduct statutory, internal, concurrent, and regulatory audits of financial services entities, as applicable.
• Perform audits of Portfolio Management Services (PMS), Alternative Investment Funds (AIFs), merchant banking operations, and other SEBI-regulated intermediaries.
• Review financial statements, books of accounts, accounting records, and supporting documentation.
• Verify income, expenses, investments, management fees, brokerage, and other financial transactions.

2. Regulatory Compliance & Reporting

• Evaluate compliance with applicable SEBI regulations, circulars, guidelines, and reporting requirements.
• Review regulatory compliance applicable to PMS providers, AIF managers, merchant bankers, and other capital market intermediaries.
• Identify regulatory gaps, non-compliances, and control weaknesses, and recommend corrective measures.
• Assist in preparing audit reports, compliance reports, management letters, and other regulatory deliverables.

3. Fund & Investment Operations Audit

• Verify investment transactions, portfolio holdings, valuation methodologies, and related financial records, as relevant to the engagement.
• Review fund accounting, investor capital accounts, contributions, distributions, and expense allocations for AIFs.
• Examine management fees, performance fees, profit-sharing arrangements, and expense allocations, where applicable.
• Review reconciliation of bank accounts, demat holdings, custodian statements, broker statements, and accounting records.

4. Internal Controls & Risk Assessment

• Evaluate internal financial controls, operational processes, and risk management frameworks.
• Assess the effectiveness of systems and procedures relating to investment transactions, fund administration, and financial reporting.
• Identify control deficiencies and recommend practical improvements.
• Ensure audit documentation is complete and findings are adequately supported by evidence.

5. Client Coordination & Audit Execution

• Coordinate with clients, fund managers, compliance teams, finance departments, custodians, and other stakeholders.
• Manage audit assignments, timelines, deliverables, and follow-up on audit observations.
• Assist in finalisation of financial statements and closure of audit queries.
• Support senior team members and partners in complex audit assignments and client presentations.

Desired Candidate Profile

• Qualified Chartered Accountant (CA) with 2–6 years of post-qualification experience.
• Prior experience in audit of financial services entities, capital market intermediaries, investment management firms, or alternative investment funds.
• Working knowledge of SEBI regulations applicable to PMS, AIFs, merchant bankers, and other regulated entities.
• Understanding of investment accounting, financial reporting, internal controls, and regulatory compliance.
• Strong analytical, documentation, communication, and problem-solving skills.
• Proficiency in MS Excel and accounting or audit tools.
• Ability to independently manage audit assignments and coordinate with multiple stakeholders.

Preferred Experience

Candidates with experience in any of the following areas will be preferred:

• Portfolio Management Services (PMS) audit.
• Alternative Investment Funds (AIF) audit, including applicable fund accounting and regulatory compliance.
• Merchant banking audit and capital markets compliance.
• Audit of stockbrokers, investment advisers, portfolio managers, wealth management firms, and other SEBI-regulated intermediaries.
• Experience with CA firms or professional services firms handling financial services audit assignments.

Key Competencies

• Strong understanding of financial services and capital markets.
• Knowledge of applicable SEBI regulations and accounting standards.
• High attention to detail and professional scepticism.
• Ability to identify risks, investigate discrepancies, and recommend solutions.
• Strong client management and report-writing skills.

Application Requirement: Candidates should highlight their relevant financial services audit experience, the types of entities audited, applicable regulatory exposure, and total post-qualification experience in their applications.

Pay: ₹100,000.00 - ₹150,000.00 per month

Work Location: In person