Team Lead - Accounting/General Partner Accounting

This opportunity is with one of our MNC clients, a technology solutions and services provider for the asset management and credit industries, with a global presence in 50 countries and a workforce of over 1,200.

Job Title - Team Lead - General Partner Accounting (CAs or MBAs)

Job Location : Mumbai

Shift Timing : 1PM-10PM IST | 5 Days working | Work from Office only

Role Overview:

The team will be administering the Carried interest and Co-invest programs for all General Partner entities across the entire Client Platform , including Private Equity & Special Credit (closed-ended), Credit (open-ended), Real Estate (closed-ended) and hybrid vehicles including a BDC:

Responsibilities / Tasks

Accounting:

- Prepare journal entries, quarterly trial balances, financial statements and supporting work-paper packages.

- Work directly with Fund Accounting and Corporate Accounting teams to ensure proper treatment of underlying fund-level activity, expense accruals and other intercompany activity.

- Work with/ review administrator quarterly review packages (Credit fund GP).

- Prepare / review economic allocations and partner capital account roll-forwards.

- Work with public accounting firms on annual audits and Custody Rule Compliance.

Capital activity / Operations:

- Calculate all contribution and distribution amounts for each GP member (including capital / co-invest and carried interest).

- Prepare all contribution and distribution event models, including detailed exhibits.

- Maintain loan and interest schedules and administer the GP's leveraged co-investment program with a third-party bank.

- General cash management - maintain cash reconciliations for all GP entities and the GP Team omnibus account; monitoring contributions/ distributions (between the Funds as well as the GP members) and liquidity forecasting in advance of capital activity.

- Reconcile cash flows related to capital activity and prepare necessary internal and external wires.

Reporting:

- Preparation of quarterly / semi-annual capital account statements.

- Preparation of quarterly / semi-annual schedule of investments, with detailed deal information.

- Maintain the GP's secure reporting portal.

- Prepare year-end compensation reporting in connection with carried interest.

Investor Services / Projects:

- Onboard new GP members.

- Facilitate soliciting investment decisions, banking information and various ad hoc requests.

- Participate in the continued implementation of a new investor portal / allocation engine (GPx) and accounting system (Workday).

- Automate current processes and a multitude of other projects impacting the GP.