Fund Accounting Manager - PQE

Description:

Primary responsibilities for this role include (but not limited to):

Fund Accounting and Investor Reporting:

- Lead and support the oversight and delivery of the monthly/quarterly financial, investor and regulatory reporting.

- Oversight and high-level knowledge over number of different strategies / assets classes.

- Support the annual financial statement review and management of the audit process including teams delivery in line with KPIs.

- Interaction with the Fund Administrators to ensure accuracy and timeliness of financial and investor reporting and insights from wider team taken into consideration.

- Lead/Support designated Fund cash and liquidity management, including bridge facilities, treasury positions and counterparty exposure.

- Review of monthly bank reconciliations.

- Review of invoices in adherence with clients firm wide and Fund specific policies.

- Support the end-to-end payment process of invoices including recharge costs to the Fund.

- Support in capital activities (capital calls and distributions) with shadow calculations and first review of related information (calculations, notices, ILPA templates) produced by Fund Administrators.

- Assist in monitoring the compliance of the Fund LPA and side letter agreements.

- Support the development of processes and controls in India COE.

- Support the formal documentation of technical matters and judgements about complex accounting matters, including broader fund matters which impact the Funds financial records.

- Support the review of performance fee calculations.

- Support in formulating responses in relation to investor queries (external) and internal Investor Relations Team.

- Support in review and understanding the detail behind the investment valuations and other valuation information for suitability for financial reporting.

- Support management of the complexity of the fund structures and governing documents such that the operations reflect the intended tax planning; and

- Back-up and cover will also need to be provided to other functional support areas within Operations or to other team members on an ad-hoc basis.

Group Reporting:

- Final Review /Shadowing of Management Fees and subsequent reporting to clients Group Finance function.

- Lead the reporting of AUM/FUM information to clients Group Finance function; and

- Lead workstream in relation to gathering other ad hoc data requests from PLC Group Finance.

Administrator Oversight, Systems and Process Management:

- Lead Fund Administrator assessments and feedback including monitoring administrator delivery against SLAs and KPIs.

- Lead workstream with clients Operations teams to ensure that the deals are correctly recorded in clients in-house systems and take responsibility for maintaining the integrity of data; and

- Take a lead in ensuring that adequate process documentation and control for your areas of responsibility.

Projects:

- Lead ad-hoc projects for continuous improvement to the Fund Accounting operating model and for the overall betterment of the function.

People management:

- Responsible for overseeing a team of up to 6 Fund Accountants to provide direction, guidance, and review.

- Responsible for the training and development of team; including timely performance and 1:1 reviews and training requirements.

COE Specific Responsibilities:

- Lead efficiency initiatives and act as the main point of contact for developing transformation ideas from India.

- Ensure all operational metrics, management reporting requirements and requests if any are completed on time for entire team along with owning documentation by ensuring timely update.

- Keep Fund Accounting Lead COE lead abreast of all material issues impacting client deliverables, SLAs and KPIs and ensure timely escalation for any issues / delays / challenges.

- Developing operational risk best practises and risk mitigation strategies for the overall betterment of fund accounting.

- Ensure all mandatory trainings, policy and procedures are followed by the team with no breaches; and

- Providing active support to Fund Accounting Lead COE, on any internal deliverables and ensuring it is always prioritized.

Key Requirements/ Qualifications

You will have demonstrable experience of:

- CA, ACCA, CPA, CMA, or masters degree in finance / accounting / business with at least 10+ PQE in either Fund Administration, Private Equity & Venture Capital and/ or accounting experience gained in an Asset Manager or Fund Administrator.

- Proven experience in Private Equity /Alternative Asset Industry of 7+ years.

- Strong knowledge of private fund structures (Debt and/or equity) and reporting requirements.

- Advanced Excel skills; including financial modelling and PowerPoint.

- Ability to meet deadlines; solve problems with strong analytical skills with detail orientation.

- Proven experience of managing a team.

Desirable:

- Strong technical knowledge of IFRS, US GAAP and/or Lux GAAP.

- Understanding of financial instruments across the capital structure.

- Thorough understanding of carry structures and waterfalls desirable.

- Experience of complex private equity fund fee calculations and reporting matters.

Personal Attributes

Personal attributes that will make you successful in this role include but not limited to:

Essential:

- Highly driven and motivated.

- Formidable team player with the ability to lead - Collaboration with the local and global team.

- Contribute to a positive work environment.

- Excellent time management and organisational skills to meet tight deadlines and manage multiple tasks.

- Confident and strong communicator, with advanced interpersonal skills.

Desirable:

- Technical mindset with a positive, flexible and can do attitude and ability to deliver under pressure.

- Commercial mindset when approaching tasks.