Fund Administration Responsibilities include:
- Coordinating all investment applications
- Preparing and collating due-diligence information, including appropriate compliance documentation, cash transfer processes and post-completion follow up.
- Registering and settling all asset types and transferring assets to and from funds
- Assisting with dealing related enquiries and providing information relating to funds, portfolios, prices, dealing procedures, markets and currencies
- Ensuring accurate investor records are maintained.
- Coordinating company secretarial matters, including documentation for board and shareholder meetings
- Preparing and distributing shareholder statements and investment manager reports
- Circulating interim and end-of-year financial reports to shareholders
- Ensuring regulatory and statutory filings are made in a timely manner, ensuring compliance with anti-money laundering procedures, viz., PMLA and FEMA.
Fund Accounting Responsibilities include:
- Handling financial reporting requirements for a portfolio of AIF structures, ensuring the efficient delivery of high-quality financial reports
- Book-keeping of the allocated portfolio of entities, primarily Funds and SPVs
- Computation and reconciliation of NAV, checking income accruals, NAV movement, etc.
- Reviewing Bank and Holding reconciliations and resolving breaks, if any
- Timely and accurate processing/reconciling of all fund transactions, cash bookings, and accruals
- Processing and verification of all trades for the day processed in the system.
- Preparation of investor capital account statements
- Computation of Income equalisation and distributable surplus
- Trial Balance Scrutiny
- Ensuring the integrity and accuracy of fund records
- Audit co-ordination and finalization of accounts.
- MIS & SEBI reporting on Adhoc, Bi-Monthly, Quarterly, Monthly/Half yearly & annual report for AIF and Private Equity Funds
- Coordinating with external auditors or audit for Half Yearly and Annual accounts
Candidate Strength and Capabilities:
- This role requires a wide variety of strengths and capabilities, viz.,
- High levels of numeracy, accuracy and attention to detail.
- Knowledge of Alternate Investment Funds and its regulatory framework,
- Knowledge of Fund Accounting components including the Securities industry, dividends, principal and interest, and corporate actions, and Fund Accounting, IndAS, GAAP accounting, and Account Reconciliation
- Prior fund accounting experience and proficiency in the activities of registrar/transfer agent.
- Understanding of various valuation tools and methodology.
Experience:
- At least 5 + years of experience in the relevant field - AIF Fund Accounting experience is an advantage
- Prior work in any AIF or Fund administration companies
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