Private Equity - Fund Accounting - Motilal Oswal

Position: Fund Accountant Private Equity funds

Role and Responsibilities:

Fund Accounting:-

• Managing Operations of Private Equity Funds (AIF/VCF).
• Reviewing the work of fund accounting team & guiding them in preparation of books of accounts.
• Reviewing books of investment Manager & assisting in audit of investment manager.
• Audit strategy - Audit planning and compliances with Audit requirement. Preparing the organization well in advance for Audit Requirements for Audit of Funds and Assist in various audits: PPM Audit, Internal Audit and Statutory Audit
• Knowledge of Entire Fund lifecycle
• Practically implemented distribution workings for Funds.
• Preparing & Projections of PnL numbers of Investment Manager.
• Coordinating with Investee Companies for timely payment of dues and sending timely reminders to them.
• Handling taxation of funds including return filing, payments, Assessments for Income Tax, TDS, GST.
• Coordinate processing of payments and other transactions.
• Coordination with distributor for finalizing commercials & execution of the agreement.
• Completing valuation of investments on timely basis.
• Handling compliance (15CA/CB) in respect of NRI investors while remitting money back.
• Resolving queries of distributors for new funds & making them understand key terms of fund.
• Prepare/Review calculations of carried interest/performance/incentive fees.
• Prepare/Review calculations and investor allocations for capital calls, distributions and equalizations.
• Prepare/Review partner capital account statements.
• Maintaining relationships with investors, investment advisors/managers, banks and auditors and other fund participants.
• Assisting auditors and other fund participants and advisers.
• Preparing various MIS for management review.

Compliance:

• SEBI/Other Compliances related to AIF/PMS/Investment Advisor license
• Reviewing fund documents like contribution agreement, PPM, Trust Deed, Investment Management Agreement & giving inputs on the same.
• SEBI reporting for AIFs (alternative investment funds) and VCFs (venture capital funds)
• RBI Compliances such as: InVi reporting, FC-TRS reporting and FLA Reporting
• Monitor applicable compliance requirements for Fund in Mauritius by closely working with the administrator in Mauritius
• Draft/ Prepare/ Review/ Annual Trustee Compliance Test Report
• Assistance on investor due diligence: AML/KYC checks, world check screening, FATCA compliances etc.
• Compliance with investment and exit process as per internal protocol

Investor Servicing:-

• Work closely with the Investor Relations team to respond to investor queries and to disseminate capital activity and other investor notices
• Ensuring timely preparation of various statement for servicing investors
• Solving investors queries on timely basis

EDUCATIONAL QUALIFICATION & EXPERIENCE

• CA Inter / MBA Finance