Fund Accounting Deputy Manager (PUNE)

Job Title: Fund Accounting (Deputy Manager)

Location: PUNE (Hingewadi)

Primary Responsibilities:

The responsibilities of the role include, but are not limited to:

• Fund Accounting and Investor Reporting:
• Support oversight of the monthly/quarterly financial, investor and regulatory reporting;
• Assist in the annual financial statement review and management of the audit process;
• Interaction with the Fund Administrators to ensure accuracy and timeliness of financial and investor reporting;
• 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 organization 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 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:

• Review /Shadowing of Management Fees and subsequent reporting to the Group Finance;
• Support the reporting of AUM/FUM information to the Group Finance; and
• Support in gathering other ad hoc data requests from PLC Group Finance.

Administrator Oversight, Systems and Process Management:

• Assist with Fund Administrator assessments and feedback including monitoring administrator delivery against SLAs and KPIs;
• Work with Client Operations to ensure that the deals are correctly recorded in the in-house systems and take responsibility for maintaining the integrity of data; and
• Ensure there is adequate process documentation and control for your areas of responsibility.

Projects:

• Opportunity to assist in ad-hoc projects for continuous improvement to the Fund Accounting operating model.

Desirable:

• Technical knowledge of IFRS, US GAAP and/or Lux GAAP.
• Understanding of financial instruments across the capital structure.
• Understanding of carry structures and waterfalls desirable.
• Experience of complex private equity fund fee calculations and reporting matters.