Fund Accounting Manager

Summary of our opportunity

You will be joining our Centre of Excellence (COE) for Fund Accounting in Pune and assist in the governance; control and management of financial reporting processes for a designated set of Funds/entities including Fund Administrative Oversight support. You will become an integral part of the Fund Accounting Team in London with daily interactions with the Operations team including Strategy Accounting Leads and Fund Controllers.

This exciting role will provide you with the unique opportunity to interact and coordinate with multiple stakeholders across various locations, both internal and external to our client including but not limited to` client’s Group Finance, tax, and legal functions along with Fund Administrators, and Auditors.

Primary responsibilities for this role include (but not limited to):

Fund Accounting and Investor Reporting:

•Lead and support the oversight and delivery of the monthly/quarterly financial, investor and regulatory reporting.

•Oversight and high-level knowledge over number of different strategies / assets classes.

•Support the annual financial statement review and management of the audit process including team’s delivery in line with KPIs.

•Interaction with the Fund Administrators to ensure accuracy and timeliness of financial and investor reporting and insights from wider team taken into consideration.

•Lead/Support designated Fund cash and liquidity management, including bridge facilities, treasury positions and counterparty exposure.

•Review of monthly bank reconciliations.

•Review of invoices in adherence with client’s firm wide and Fund specific policies.

•Support the end-to-end payment process of invoices including recharge costs to the Fund.

•Support in capital activities (capital calls and distributions) with shadow calculations and first review of related information (calculations, notices, ILPA templates) produced by Fund Administrators.

•Assist in monitoring the compliance of the Fund LPA and side letter agreements.

•Support the development of processes and controls in India COE.

•Support the formal documentation of technical matters and judgements about complex accounting matters, including broader fund matters which impact the Fund’s financial records.

•Support the review of performance fee calculations.

•Support in formulating responses in relation to investor queries (external) and internal Investor Relations Team.

•Support in review and understanding the detail behind the investment valuations and other valuation information for suitability for financial reporting.

•Support management of the complexity of the fund structures and governing documents such that the operations reflect the intended tax planning; and

•Back-up and cover will also need to be provided to other functional support areas within Operations or to other team members on an ad-hoc basis.

Group Reporting:

•Final Review /Shadowing of Management Fees and subsequent reporting to client’s Group Finance function.

•Lead the reporting of AUM/FUM information to client’s Group Finance function; and

•Lead workstream in relation to gathering other ad hoc data requests from PLC Group Finance.

Administrator Oversight, Systems and Process Management:

•Lead Fund Administrator assessments and feedback including monitoring administrator delivery against SLAs and KPIs.

•Lead workstream with client’s Operations teams to ensure that the deals are correctly recorded in client’s in-house systems and take responsibility for maintaining the integrity of data; and

•Take a lead in ensuring that adequate process documentation and control for your areas of responsibility.

Projects:

•Lead ad-hoc projects for continuous improvement to the Fund Accounting operating model and for the overall betterment of the function.

People management:

•Responsible for overseeing a team of up to 6 Fund Accountants to provide direction, guidance, and review.

•Responsible for the training and development of team; including timely performance and 1:1 reviews and training requirements.

COE Specific Responsibilities:

•Lead efficiency initiatives and act as the main point of contact for developing transformation ideas from India.

•Ensure all operational metrics, management reporting requirements and requests if any are completed on time for entire team along with owning documentation by ensuring timely update.

•Keep Fund Accounting Lead COE lead abreast of all material issues impacting client deliverables, SLAs and KPIs and ensure timely escalation for any issues / delays / challenges.

•Developing operational risk best practises and risk mitigation strategies for the overall betterment of fund accounting.

•Ensure all mandatory trainings, policy and procedures are followed by the team with no breaches; and

•Providing active support to Fund Accounting Lead COE, on any internal deliverables and ensuring it is always prioritized.

Key Requirements/ Qualifications

You will have demonstrable experience of:

•CA, ACCA, CPA, CMA, or master’s degree in finance / accounting / business with at least 10+ PQE in either Fund Administration, Private Equity & Venture Capital and/ or accounting experience gained in an Asset Manager or Fund Administrator.

•Proven experience in Private Equity /Alternative Asset Industry of 7+ years.

•Strong knowledge of private fund structures (Debt and/or equity) and reporting requirements.

•Advanced Excel skills; including financial modelling and PowerPoint.

•Ability to meet deadlines; solve problems with strong analytical skills with detail orientation.

•Proven experience of managing a team.

Desirable:

•Strong technical knowledge of IFRS, US GAAP and/or Lux GAAP.

•Understanding of financial instruments across the capital structure.

•Thorough understanding of carry structures and waterfalls desirable.

•Experience of complex private equity fund fee calculations and reporting matters.

Personal Attributes

Personal attributes that will make you successful in this role include but not limited to:

Essential:

•Highly driven and motivated.

•Formidable team player with the ability to lead - Collaboration with the local and global team.

•Contribute to a positive work environment.

•Excellent time management and organisational skills to meet tight deadlines and manage multiple tasks.

•Confident and strong communicator, with advanced interpersonal skills.

Desirable:

•Technical mindset with a positive, flexible and ‘can do’ attitude and ability to deliver under pressure.