Alternative Ops Fund Accounting, Senior Associate State Street

4.0 - 8.0 years

0 Lacs

karnataka

On-site

You will be responsible for maintaining the client books and posting journal entries, as well as preparing and presenting financial statements. This includes maintaining books at the asset, investment, and portfolio levels. The team you will join is responsible for handling Investment ledger, Portfolio Ledger, and Cash position, making your role crucial in calculating monthly NAV and Quarterly NAV. Your responsibilities will include: - Demonstrating basic knowledge of journal entries and posting of journals - Preparing and reviewing profit and loss account, Balance Sheet, and Cash flow statement - Maintaining the Cash book and reconciling cash with the bank daily - Understanding revenue recognition and accrual concepts - Updating detailed schedules of fixed assets and accumulated depreciation - Tracking property review accounting such as Net Assets, Operating income, Depreciation check, and Rent calculation - Preparing and reviewing Deferred Revenue Cost schedules and accounting - Maintaining books and records and calculating fund Net Asset Values - Preparing and reviewing Distributions - Identifying GAAP to NAV differences and providing explanations - Performing variance analysis and providing comments - Preparing Debt Valuation schedules - Accounting for the re-valuation of assets and preparing schedules - Maintaining various entities" books of accounts on both Book side and Market side - Assisting in audit queries - Preparing and reviewing Non-controlling interest schedules - Preparing and reviewing venture capital books and profit distribution - Fulfilling any other functions required by the Company To succeed in this role, the following skills are valued: - Engaging with senior staff across multiple locations - Strong communication and influencing skills - Presentation skills, including experience in face-to-face presentations to senior management - Ability to work towards tight deadlines - Problem-solving skills - Interpersonal, organizational, and administrative skills - Proficiency in Microsoft Excel and Word - Strong language skills in English - Ability to work independently and collaboratively Education & Preferred Qualifications: - Graduate/Masters Degree in Accounting, Finance, or any other professional accounting qualification (i.e., CA, CWA, CA inter, CWA inter, or equivalent) - Minimum of 4-8 years of experience in accounting for the financial services sector, particularly Private Equity, Asset Management, or Fund Administration - Knowledge of IFRS and/or USGAAP - Experience in preparing general ledger and financial statements Secondary Skills (Good To Have): - Good communication skills and proficiency in English (both verbal and written) - Knowledge in Microsoft Applications (Excel, Word, Powerpoint, etc.) - Working knowledge of Investran/Oracle will be an added advantage - Experience in private equity/real estate fund operations, including exposure to complex fund structures, waterfall computation, and preferred return - Training skills for new joiners State Street is a leading custodian bank, asset manager, and asset intelligence company globally. With a focus on technology and product innovation, we have been serving clients for over two centuries, safeguarding and stewarding the investments of millions of people. We offer investment servicing, data & analytics, investment research & trading, and investment management to institutional clients. We strive to create a positive work environment, offering competitive benefits packages that include medical care, insurance, savings plans, and other perks. Flexible work programs are available to meet individual needs, and our development programs and educational support aim to help employees reach their full potential.,

Posted 3 days ago

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