Alternative Ops Fund Accounting - Manager

Job Description

Who we are looking for We are looking for some who can Work closely with the Vice President and Assistant Vice President supervising a small team of accountants. manage daily service delivery and production activities performed by staff. Work in conjunction with individuals on the team as well as other Shared Service teams/COE’s, outsource locations, Client Operations and other business units to ensure seamless processing according to the fund’s policies, to ensure NAV/yield accuracy and that all SLAs are met. As well as Work collaboratively with teams and management across the organization on various projects, oversight, committees, KPIs, etc. Why this role is important to us Fund Accounting Manager required to maintain the client books and post journal entries, preparation and presentation of financial statements. Books require to maintain at asset, investment and portfolio level and interacting with onshore counter parts. Managing the team on need basis. Maintenance of attendance and staffing What you will be responsible for Practical knowledge on journal entries and posting of journals Preparation and review of profit and loss account, Balance Sheet and Cash flow statement Preparation and review Cash book and reconcile the cash with bank on a daily basis Knowledge on revenue recognition and accrual concept Coordinate processing of payments and other transactions and its review Review and update the detailed schedule of fixed assets and accumulated depericiation. Track property review accounting like, Net Assets, Operating income, Depreciation check and Rent calculation Preparation and review of Deferred Revenue Cost schedule and accounting Preparation and review of schedule of Equity capital, subscription and redemption Responsible for maintaining books and records and calculation of fund Net Asset Values Preparation and review of calculations of carried interest/performance/incentive fees; Preparation and review of calculations and investor allocations for capital calls, distributions and equalizations Preparation and review of Distributions Identifying the GAAP to NAV differences and provide explanation Preparation of variance analysis and provide comments Debt Valuation schedule preparation Accounting of Re-valuation of assets and preparation of schedule Maintenance of various entities books of accounts both Book side and Market side Assisting and responding to the audit queries Preparation and review of Non-controlling interest schedule Preparation and review of venture capital books and profit distribution Interacting with onshore counterparts Team managing skills like staffing, maintenance of attendance and leaves Monitor the productivity and quality of the team Brining ideas on to the table and process improvement Any other functions required as part of the business of the Company. Education & Preferred Qualifications: Graduate / Master’s Degree in Accounting, Finance, any other professional accounting qualification (ie. CA, CWA, CA inter, CWA inter or equivalent) Minimum of 6– 12 years’ experience in accounting for the financial services sector, particularly Private Equity, Asset Management or Fund Administration. Knowledge of IFRS and / or USGAAP Experienced in preparing general ledger and financial statements. Good communication skills and proficiency in English (both verbal and written). Knowledge in Microsoft Applications (Excel, Word, PowerPoint etc). Working knowledge of Investran/Oracle will be an added advantage Private equity/real estate fund experience. Exposure to complex fund structure, waterfall computation, preferred return. Expect to have training skills to new joiners What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients. Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.