Team Lead Fund Accounting - Mumbai

Team Lead Fund Accounting - Mumbai

Stalwart Management Consulting (1 Opening)
4.0 Year(s) To 10.0 Year(s)
0.00 LPA To 10.00 LPA

Job Profile

We are hiring Fund Accountant with the following JD.
Location: Kanjur Marg, Mumbai
Current Employer should not be Globeop

Salary 10 lakh to 13 lakh

 

 

PRIMARY RESPONSIBILITIES:

  • Monthly and quarterly reporting; working with client operations & the administrator fund accounting team.
  • Maintenance and review of full accounting records on Client system to reconcile back to administrator records
  • Maintenance of the Investor/Marketing platform
  • Calculation and invoicing of management fees and carried interest
  • Calculation of monthly fund performance to meet GIPS requirements
  • Assisting in the quarterly valuation process
  • Fund budgeting and expense analysis
  • Oversee external auditors and admin with regards to statutory fund audits
  • Review, allocation and approval of invoices and expenses
  • Working with colleagues across New York, India and London
  • Liaising with current and prospective Fund Investors
  • Ad Hoc Projects

 

QUALIFICATIONS AND EXPERIENCE: (Academic, Professional, Relevant Job Knowledge)

  • CA / MBA 5 - 7 years of experience
  • Qualified Accountant or equivalent
  • Previous fund finance or fund administration experience
  • Exhibit strong interpersonal, verbal and written skills
  • Strong attention to detail
  • Moderate with Excel
  • Experience with general ledger accounting software a plus
  • Individual must be diligent and work well in a team environment
  • Strong organizational skills including the ability to manage multiple tasks simultaneously
  • Ability to work under pressure and adhere to deadlines
  • Demonstrate ability in taking initiative
  • A forward thinking, creative individual with high ethical standards

 

 

 

Team Lead – Fund Accounting

Current Employer should not be Globeop. 

CA with 2 – 4 years experience

OR

MBA with 6+ years exp

Ø             Providing accounting solutions to Hedge Funds for independent valuation, investor transparency and regulatory compliance.

Ø             NAV Workbook Preparation on monthly basis.

Ø             Investor Allocations at monthly basis by checking investor’s contributions & redemptions etc.

Ø             On daily basis verify performance by reviewing large P&L swings and analyzing income/expense journals for validity and calculate daily NAV.

Ø             We perform daily and monthly securities pricing.

Ø             Board pack preparation on client request

Ø             Rolling Back of series on year ending.

Ø             Daily PNL and NAV Check

Ø             Dailies reconciliation of mails given by client on interest, pay down, factors updation, by comparing them on BBG or DTC provided by client

Ø             Preparations of withholding sheet  

Ø             Worked on for development on new projects for Company.

Ø             Daily NAV funds.

Ø             Conversion of funds from bank to our portal.

 

 

JD Team Lead - Operations

 

Team Lead Operations – Day / UK Shift

 

Position Responsibilities:

The role will be involved in the following critical activities:

  • Responsibility for maintaining the accounting ledgers for Hedge funds
  • Compute NAV of the fund
  • Build/Review quarterly and annual financial statement packages
  • Onboarding new clients
  • Calculate/ Maintain Trading and  Non Trading Accruals
  • Reengineer accounting and reconciliations process
  • Provide training to new joiners.
  • Build/review investor allocations.

Position Responsibilities:

The role will be involved in the following critical activities:

  • Responsibility for maintaining the accounting ledgers for Hedge funds
  • Compute NAV of the fund
  • Build/Review quarterly and annual financial statement packages
  • Onboarding new clients
  • Calculate/ Maintain Trading and  Non Trading Accruals
  • Reengineer accounting and reconciliations process
  • Provide training to new joiners.
  • Build/review investor allocations.

 

 

Looking for:

  • CA/MBA (finance) required with 6+ years of experience working for a Hedge Fund Administrator or Hedge Fund accounting profile
  • Accounting experience in managing private equity, hedge funds or similar types of alternative products (Exchange Listed / Non listed products like CDS/IRS/ Equity Swaps)
  • Advanced knowledge of MS Excel( preferred)
  • Knowledge of accounting applications like Enfusion /VPM / Geneva will be added advantage.
  • Number Cruncher and excellent communication skills

Role: TEAM LEAD

Responsibilities:

Prepare daily cash reconciliations – Client to Trustee/ Prime brokers and Client to Fund Admin
Prepare daily position reconciliations - Client to Trustee/ Prime brokers and Client to Fund Admin
Regularly tie out interest accruals
Compare Cash Interest Received with Interest Accrual, examine any discrepancies and if required follow up with the agent to adjust accounting records.
Review collateral, Prices and corporate actions in Custody Accounts
Liaise with Security Master for trade Processing, cash Management, valuation, and margin Collateral Management issues
Assist with finding ways to continue to increase the quality of work, efficiency, and volume as we continue to create a scalable business solution
Performing UAT for Cash and position recon

WHO YOU ARE

Technical / Domain Competency:

1 - 3 years of hands-on experience in back office / middle office operations domain with reputed fund administrator / investment bank specifically focusing on trade capture / cash and position reconciliation
Have a very strong technical background, knowledge of fixed income, bank debt, swaps and Equity
Knowledge of software applications including VPM, WSO and Everest
Must have hands on experience working on Reconciliation tool
Proven skills in dealing with complex issues at multiple operating levels in fast-paced environment and across different stakeholders, both internal and external.
Experience on Process efficiency improvement initiatives
Good Excel skills

Desired Skill Set:

Ability to multitask and work well with many groups across the firm
Ability to interact with Prime brokers and administrators regarding trade and cash issues
Ability to manage high risk / critical escalation with detailed approach towards root cause identification and remediation
Ability to work on multiple assignment with strict timeframe / without breaching SLA as per dynamic needs of the business
Strong written and verbal communication skills, excellent problem-solving and troubleshooting skills
Must be able to provide strong professional references

Company Info

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