Deputy Manager - Fund Accountant

Key Responsibilities:

Fund Accounting Operations:

- Perform and review daily, monthly, quarterly, and annual fund accounting activities for Private Equity funds.

- Ensure accurate calculation and validation of Net Asset Value (NAV) for assigned funds.

- Review fund financial statements, capital account statements, and investor reporting packages.

- Monitor and reconcile cash positions, investment transactions, and portfolio valuations.

- Manage fund expenses, accruals, allocations, and distributions in accordance with fund agreements.

Waterfall and Distribution Calculations:

- Execute and review complex waterfall calculations and carried interest allocations.

- Validate capital calls, distributions, management fees, and performance fee calculations.

- Ensure compliance with fund governing documents and investor agreements.

Reconciliations and Issue Resolution:

- Take complete ownership and accountability for identifying, investigating, and resolving cash breaks within established timelines.

- Perform reconciliations between fund records, custodians, administrators, and counterparties.

- Escalate and resolve operational and accounting discrepancies proactively.

Stakeholder Management:

- Coordinate with internal teams including Operations, Treasury, Investor Relations, Compliance, and Audit teams to ensure smooth execution of fund accounting activities.

- Act as a key point of contact for fund-related accounting queries and operational issues.

- Support external auditors and facilitate audit requirements during quarterly and annual audits.

Process Improvement & Controls:

- Ensure adherence to internal controls, accounting standards, and regulatory requirements.

- Identify opportunities for process improvements, automation, and operational efficiency.

- Assist in developing and implementing best practices across fund accounting processes.

Required Skills & Qualifications:

Educational Qualification:

- Bachelor's or Master's degree in Finance, Accounting, Commerce, or a related discipline.

- CA, CPA, CFA, ACCA, or equivalent professional qualification preferred.

Experience:

- 6-9 years of relevant experience in Private Equity Fund Accounting.

- Strong hands-on experience in NAV calculation and waterfall model calculations.

- Experience handling complex fund structures, capital activity, and investor allocations.

- Exposure to financial reporting, reconciliations, and fund audits