Fund Accounting & Reporting, AS

Job Title: Fund Accounting & Reporting

Corporate Title: Associate

Location: Bangalore, India

Role Description

• We are building a high-performing team in India to support the illiquid Products Finance & Operations function. The team will play a key role in the end -to-end financial control and oversight of real estate and private market funds domiciled across Global jurisdictions.

• The role offers an excellent opportunity to work closely with Fund Managers, Portfolio Managers & Fund Administrators. This role offers a powerful opportunity to build holistic expertise across fund finance & operations, working hand in hand with global teams & third-party administrators while gaining in-depth exposures to fund structures& the best-in-class operational practice.

• The candidate would be responsible for overseeing the accounting, financials, and regulatory reporting of alternative investment funds in US across Real Estate, Private Equity, and Private Debt asset classes along with looking at liquidity management & capital/funding transactions, working closely with treasury for appropriate & timely hedging of currency exposure.

• The position involves active review of fund financials produced by external fund administrator, ensuring accuracy of NAVs, management and performance fee calculations, investor allocations, valuation, and regulatory submissions. The role also extends to the review & oversight of SPV financial statements and reporting, ensuring accuracy, compliance with accounting standards and alignment with the fund’s overall financial & regulatory requirements.

• The incumbent will play a key role in strengthening financial control, governance and reporting framework wile driving improvements across the fund reporting function.

What we’ll offer you

As part of our flexible scheme, here are just some of the benefits that you’ll enjoy,

• Best in class leave policy.

• Gender neutral parental leaves

• 100% reimbursement under childcare assistance benefit (gender neutral)

• Sponsorship for Industry relevant certifications and education

• Employee Assistance Program for you and your family members

• Comprehensive Hospitalization Insurance for you and your dependents

• Accident and Term Life Insurance

• Complementary Health screening for 35 yrs. and above

Your key responsibilities

• Oversee the financial reporting and accounting processes of real estate and illiquid funds managed through external fund administrator, ensuring compliance and internal policies, fund documentation and local regulations.

• Review and challenge NAV calculations, management and performance fee workings, valuation adjustments, investor allocation and expense accrual

• Liaise with external fund administrators, custodian & depositors to ensure service quality and compliance with SLAs.

• Analyse financial statements & reports to ensure accuracy & completeness in accordance with the appliable GAAPs. In-depth knowledge of US GAAP is preferred.

• Understand Fund agreement to determine impact on reporting.

• Ensure fund performance and investor relevant metrics are correctly calculated and timely reported.

• Provide oversight and critical review of SPV-level financial statements and reporting, ensuring accuracy, completeness, proper consolidation and adherence to applicable accounting, regulatory, and internal control standards.

• Support the delivery of the periodic board packs.

• Oversee the depositary service provider using regular communication, including responding to questions related to transactions, capital calls, and other governance matters. The position also serves as a key coordination point by routing inquiries to appropriate internal teams and ensuring timely, accurate follow-up.

• Oversight of key regulatory and management reporting deliverables,  ensuring robust governance, data integrity, and compliance with internal polices and external regulatory standards.

• Support the annual external audit process.

• Ensure all applicable investor deliverables are produced, reviewed, and delivered to investors and stakeholders in line with Fund rules & relevant agreements.

• Review financing compliance packages for accuracy and completeness.

• Oversee the end-to-end capital call and distribution process ensuring timely execution and accuracy of calculations.

• Addressing internal and external stakeholder queries promptly and efficiently.

• Designing /enhancing processes and supporting/furthering technology initiatives related to above responsibilities.

• Liaise with third party tax providers to manage the annual tax returns / 1099’s / K-1 reporting process as well as tax planning strategies.

• Stay educated on real estate and accounting industry updates including new GAAP accounting literature and NCREIF PREA reporting standards.

• Provide fund finance insights for management reporting, investor presentation.

Your skills and experience

• Experience- 5–9 Years

• Strong Fund Accounting Expertise: Deep understanding of Real Estate fund structures, including capital commitment structures, drawdowns, waterfalls, carried interest, and distribution mechanisms and fair market value accounting and reporting.

• Financial Review & Oversight: Proven ability to review and challenge NAVs, Management and performance fee calculations, investors allocation, valuation adjustments, and expense accruals prepared by Fund administrator. Strong ability to assess and challenge SPV financials and underlying reporting, with a keen eye for data integrity, control gaps and compliance with accounting and regulatory framework.

• Regulatory & Financial Reporting: Experience with preparation and oversight of financial statements under US GAAP.  Familiarity with AUM reporting and reconciliation to internal and external systems.

• Valuation Governance: Understanding of valuation methodologies for illiquid and alternative investments, including fair value assessment of real estate, unlisted equity and private debt instruments, ensuring consistency with regulatory and accounting standards.

• Fund Administrator Management:  Ability to review deliverables from external fund administrator, ensuring accuracy, completeness and adherence to SLAs, control framework and accounting policies. Skilled in identifying and escalating material discrepancies or control breaks promptly.

• Control & Governance mindset: Strong focus on implementing and maintaining robust internal controls. Governance over pricing valuation, and finance close process an ensuring compliance with both internal polices & external regulatory framework.

• Analytical & Technical Proficiency: High degree of comfort with Fund accounting system and reporting tools (e.g. Investran, Yardi, efront, or equivalent) and advanced excel/power BI capabilities to perform data validation and portfolio analytics

• Stakeholder Management: Effective communicator capable of coordinating across Investment teams, fund administrators, auditors and regulators, ensuring timely and accurate reporting and resolution of accounting or valuation issues

• Continuous improvement orientation: Demonstrated ability to enhance reporting process, standardize templates, improve efficiency and contribute to automate or data quality initiatives.

• Professional Qualifications: Chartered Accountants/CPA/ACCA or equivalent accounting qualification.

• Interpersonal skills: Demonstrates a solution-oriented mindset, strong problem-solving ability and willingness to take ownership and accountability for deliverables. Capable of driving outcomes in a fast-paced environment, fostering teamwork, and promoting a culture of transparency, accuracy and continuous improvement

How we’ll support you

• Training and development to help you excel in your career

• Coaching and support from experts in your team

• A culture of continuous learning to aid progression

• A range of flexible benefits that you can tailor to suit your needs

About us and our teams

Please visit our company website for further information:

https://www.db.com/company/company.html

We at DWS are committed to creating a diverse and inclusive workplace, one that embraces dialogue and diverse views, and treats everyone fairly to drive a high-performance culture. The value we create for our clients and investors is based on our ability to bring together various perspectives from all over the world and from different backgrounds. It is our experience that teams perform better and deliver improved outcomes when they are able to incorporate a wide range of perspectives. We call this #ConnectingTheDots.