Senior Manager - Fund Administration & Accounting - Financial Advisory Firm

Our client is a leading financial advisory firm is looking to on-board a senior manager in a Fund Administration and Fund Accounting role. The candidate is required for Fund Administration (Accounting and Investor Service) operations for SEBI AIF Categories I, II, and III and for any other Private Equity funds that require assistance in their fund administration and fund accounting verticals.

The candidate should be able to lead a team of professionals - Chartered Accountants and Company Secretaries who would help AIFs and PE Funds in their respective compliance, legal and accounting requirements.

Primary Responsibilities

Perform all the back-office financial paperwork to support the investment teams of AIF and PE Clients in seamless working of the assigned funds and ensure the efficient planning and execution of the day-to-day functions. They must also set up funds correctly from a financial and legal perspective to minimize risk and optimize governance and control. Candidate must have proficiency and broad knowledge of KYC, FATCA,SEBI AIF

Fund Administration Responsibilities include:

1. Coordinating all investment applications

2. Preparing and collating due-diligence information, including appropriate compliance documentation, cash transfer processes and post-completion follow up.

3. Registering and settling all asset types and transferring assets to and from funds

4. Assisting with dealing related enquiries and providing information relating to funds, portfolios, prices, dealing procedures, markets and currencies

5. Ensuring accurate investor records are maintained.

6. Coordinating company secretarial matters, including documentation for board and shareholder meetings

7. Preparing and distributing shareholder statements and investment manager reports

8. Circulating interim and end-of-year financial reports to shareholders

9. 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 equalization 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.

You must have-

1. At least 5+ years of experience in the relevant field - AIF Fund Accounting experience is an advantage

2. Prior work in any AIF or Fund administration companies