Edelweiss Financial Services - Manager/Senior Manager - AIF - Fund Accounting Operations

Job Purpose/Role Description:

- Manage end to end Fund Accounting Operations for Alternative Investment Funds (AIF), Cat II & III.

- SPOC for NAV Operations, Audit including Concurrent, Internal & Statutory.

- Coordinate with Internal (Compliance, Fund Management, Settlements & Sales Team) & External Stakeholders (Fund Accountants, Bankers, Fund Custodians, Brokers, Counterparties etc.)

- Ensuring adherence to and improvement of laid down Operations Policies, SLAs and Processes in the best interest of Business, Business Partners and all internal & external stakeholders.

Principle Responsibilities :

- NAV Management

- Ensure error free & timely NAV processing and release for all Schemes (Cat II & Iii). Includes, Daily, Fortnightly & Monthly NAVs.

- Corporate actions Accounting i.e., Dividend, Bonus, Merger, Split etc.

- Coordination with Fund Accountant, Brokers, CPs & Custodians for NAV accounting.

- Capital Activity - Accounting of Subscriptions and Redemptions in compliance with PPM and applicable regulations.

- Handling taxation matters such as TDS, GST payments including periodic return filing. Advance tax management including Provision & Payment at quarter end.

- Daily Bank, Holding and Expense Reconciliation. Automation of all business and Operations processes including Reconciliation.

- Vendor Co-ordination for any upgrades/enhancements in Trading & Accounting Systems.

- Computation/review of Redemption workings as per the methodology mentioned in the PPM, making necessary changes, if required, on account of any taxation laws.

- Providing Inputs for Business MIS for AIF Business.

- Expense Management

- Calculation of fees including Setup fees, Management fees, Custody, Performance fees, Exit load, Brokerage, Margins, PCM charges, Distributor brokerage and other charges.

- Monthly TDS and GST payment for all AIF schemes.

- Regulatory Compliance

- Effective compliance with applicable AIF regulations and associated requirements.

- Preparation/Review of regulatory reports (Monthly and Quarterly for SEBI, RBI etc.).

- Reviewing PPM for existing/new products & deliberate on operational nuances.

- Ensuring timely completion of Statutory & Internal Audits.

- Preparing/reviewing various investor related communications such as Form 64-C, K-1 statements for NRI US investors, income/principle distribution pay-out letters, drawdown notices etc.

- Computation of tax under Income Tax Act, 1961 as per the applicability and incorporating the same in NAV for CAT III AIFs, reviewing annual income tax return of AIFs.

Qualification : C.A./MBA/Diploma holder in Finance

Experience: Minimum 4-5 years of Post qualification experience. Must have prior experience in Investment Operations & NAV Operations.

Soft Skills:

- Effective Team Member.

- Multitasker.

- Effective Oral and written communication.

- Should be able to deliver under stiff deadlines.

- Problem solving approach.

- Client centric.

- Ensure effective communication with internal & external stakeholders.

Functional Skills:

- Should possess understanding of Asset Management (AIF) Operations, Fund

- Accounting and Wealth Management Operations.

- Should have fair understanding of AIF Structure Operations. Prior experience of handling similar tasks will be an added advantage.

- Should possess understanding of Fund Accounting, Audit, Tax & Business MIS.