AddressSenior Associate - Fund Accounting
Job Description:
- NAV management
- Ensure error free & timely NAV processing and release for all Schemes (Cat II AIF - VC/PE fund)
- Investor distribution (Both capital & Income)
- Coordination with Fund Accountant, Brokers, CPs & custodians for NAV accounting
- Capital Activity - Accounting of Subscriptions and Redemptions in compliance with PPM and applicable regulations
- Handling taxation matters such as TDS, GST payments including periodic return filing. Advance tax management including Provision & Payment at quarter end
- Daily Bank, Holding and Expense Reconciliation
- Vendor co-ordination for any upgrades/enhancements in accounting systems
- Computation / review of redemption workings as per the methodology mentioned in the PPM, making necessary changes, if required, on account of any taxation laws
- Providing inputs for Business MIS for AIF Business
- Calculation of fees including Setup fees, Management fees, Custody, Performance fees, Exit load, Brokerage, Margins, PCM charges, Distributor brokerage and other charges
- Monthly TDS and GST payment for all AIF schemes
- Preparing / reviewing various investor related communications such as Form 64-C, K-1 statements for NRI US investors, income/principle distribution pay-out letters, drawdown notices etc.
- Computation of tax under Income Tax Act, 1961 as per the applicability and incorporating the same in NAV for CAT II AIFs, reviewing annual income tax return of AIFs (especially VC/PE AIF)
Key Competencies:
- Effective verbal and written communication
- Ability to deliver under stiff deadlines
- Sound problem solving approach
- Must be Investor/Business centric
- Must possess a deep understanding of VC/PE CAT II AIF, Fund Accounting and Wealth Management Business. Prior experience of handling similar tasks will be an added advantage
- Must possess an understanding of Fund Accounting, Audit, Tax & Business MIS
Key Stakeholders:
- External - Fund Administrators/RTA, Custodians, Bankers, Distributors, Underlying Fund Account team
- Internal - Sales / Fund Manager / Compliance / Legal /and other associate stakeholders
Educational Background:
- CA (preferable)
- MBA in Finance (from top tier B School)
Job Location: Mumbai
