Alternative Fund Services - Private Fund Services - Fund Accounting - Associate - Bangalore

Job title

Associate – Alternative Fund Services - Private Fund Services

Short description

Join a team of passionate and dedicated professionals in Alternative Fund Administration industry working for one of the world’s most innovative banks.

Posting description

The ideal candidate for this role should have a strong background in accounting, excellent analytical and problem-solving skills, and an eye for detail. 

As an Associate in our Private Equity and Real Estate Services Fund Administration team, you will be responsible for administering private equity funds and other alternative investment vehicles, including preparing & reviewing financial statements and reports and providing support for investor relations activities. You will be responsible for bookkeeping, reconciliation, calculating fees, preparing financial statements and investor reports, and process improvements. Additionally, you will be expected to assign work, perform detailed reviews, provide guidance and training, coordinate with various stakeholders and support audit process. 

If you think you have what it takes to join our team, apply now!

Job Responsibilities

• Provide directions and review journal entries booked into Investran

• Prepare and review fund level financial statements including the consolidated balance sheet, income statement, statement of partners' capital, schedule of investments, footnotes to financial statements and cash flows

• Prepare and review investor capital calls, distributions notices

• Comprehend fund agreements in order to determine impact on reporting

• Proactively anticipate, communicate and escalate issues to Manager in a timely manner

• Participate & Lead special and ad hoc projects for internal initiatives & external clients

• Support audit process

• Monitor and evaluate current processes and technology, and work with management to improve and gain efficiencies

Required qualifications, capabilities and skills

• Bachelor’s / Master’s degree in Accounting / ICWA / CA / MBA / CPA

• Minimum 4 years of accounting experience, preferably private equity or hedge fund accounting

• High level of proficiency in Microsoft Office Suite (Excel, Word, PowerPoint, etc.) and accounting software

• Ability to function in high-pressure situations and meet strict deadlines consistently

• Attention to detail, Innovative and analytical thinking with excellent verbal and written communication skills

• Team player instincts with the ability to see a project to conclusion with little follow-up

• Superb sense of client service with ability to appropriately exercise professional skepticism and judgment

Preferred qualifications, capabilities and skills

• Familiarity with various private equity legal and investment structures

• Familiarity with various waterfall models

• Experience using partnership accounting applications (e.g. Investran)