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Colmore

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3.8

based on 7 Reviews

4 Colmore Jobs

Senior Associate, Fund Accounting

Colmore

3.8

based on 7 Reviews

1-4 years

Bangalore / Bengaluru

1 vacancy

Senior Associate, Fund Accounting

Colmore

posted 1mon ago

Job Role Insights

Flexible timing

Key skills for the job

Data Analytics Cash Management Services Fund Accounting Private Equity IFRS US GAAP

+ 2 more

Job Description

5+ years of related experience in the financial service industry preferred
An understanding of fund/group structures preferred but not essential
Knowledge on private equity carry, waterfall, LCI and equalisation specific to private equity funds
UK or US GAAP working knowledge is essential and IFRS, Canadian GAAP or Lux GAAP is desirable but not essential
Experience with FIA (front invest analytics) ideal, but not required
Excellent working knowledge of accounting databases/running reports
Competent user of MS Excel and other MS products

Qualifications are not as essential as experience. If you feel you have work examples and projects that illustrate what we need, we re happy to have a conversation

Prepare and review quarterly management accounts for client private equity funds.
Lead general client reporting requirements understanding the structure of the existing reports and client service level standards and key performance indicators (KPIs).
Compute carry, equalisation and late closing interest for funds administered. Prepare and review waterfall calculations.
Maintain and process accounting records through journals and other transactions to the general ledger and trial balance.
Develop knowledge of Colmore s existing process and procedures to ensure maximum effectiveness and drive procedural and control enhancements.
Manage and coordinate annual fund audits with external auditors and the client.
Review draft annual financial statements in accordance with IFRS, UK GAAP, US GAAP, Canadian GAAP and Lux GAAP depending on fund domicile.
Liaise with the Colmore tax team to ensure timely completion of tax engagements and appropriate charges and accruals are recorded in the financial statements.
Complete and review regulatory returns as and when required.
Develop a clear understanding of cash management function of the funds.
Work with and provide support to the treasury team as and when required including but not limited to review bank reconciliation, cash management reports, daily liquidity monitoring, invoice and payment releases
Involvement in vital team management and allocation planning
Training development and potential management of junior team members
Involvement in RFPs for new prospects and successful onboarding of new clients

As a fund accounting senior associate you will be reporting to a vice president and will primarily supporting accounting reporting treasury audit and tax functions of allocated private equity funds bracket primary and secondary direct investment fund, clean energy fund structured product private credit funds and Luxembourg investment vehicles.

The role requires a detailed technical understanding of Private Equity funds and the specific intricacies required in preparing financial statements, computing carry, private equity equalisation and late closing interest. The role also requires detailed knowledge, through direct working experience, of waterfalls, IRR and other performance metrics (e.g. MoiC, DPI, TERs). The successful candidate will have extensive experience in preparing periodic and annual audited GAAP based financial statements specifically for Private Equity funds.

Employment Type: Full Time, Permanent

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