Global Fund Accounting Leader

Job Title:

Financial Management Lead

Job Summary:

We are seeking an experienced financial management professional to lead our fund accounting operations in Mangalore, India. As a key member of our team, you will be responsible for overseeing the governance, control, and management of financial reporting processes for designated funds/entities.

Key Responsibilities:

• Lead and support the oversight and delivery of monthly/quarterly financial, investor, and regulatory reporting.
• Oversight and high-level knowledge over number of different strategies/assets classes.
• Support the annual financial statement review and management of the audit process, including team's delivery in line with KPIs.
• Interaction with Fund Administrators to ensure accuracy and timeliness of financial and investor reporting.
• Lead/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 client's firm-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 produced by Fund Administrators.
• Assist in monitoring the compliance of the Fund LPA and side letter agreements.
• Support the development of processes and controls in India COE.
• Support the formal documentation of technical matters and judgements about complex accounting matters, including broader fund matters which impact the Fund's financial records.
• 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.
• 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:

• Final Review/Shading of Management Fees and subsequent reporting to client's Group Finance function.
• Lead the reporting of AUM/FUM information to client's Group Finance function.
• Lead workstream in relation to gathering other ad hoc data requests from PLC Group Finance.

Administrator Oversight, Systems and Process Management:

• Lead Fund Administrator assessments and feedback, including monitoring administrator delivery against SLAs and KPIs.
• Lead workstream with client's Operations teams to ensure that deals are correctly recorded in client's in-house systems and take responsibility for maintaining the integrity of data.
• Take a lead in ensuring that adequate process documentation and control for your areas of responsibility.

Projects:

• Lead ad-hoc projects for continuous improvement to the Fund Accounting operating model and for the overall betterment of the function.

People Management:

• Responsible for overseeing a team of up to 6 Fund Accountants to provide direction, guidance, and review.
• Responsible for the training and development of team, including timely performance and 1:1 reviews and training requirements.

COE Specific Responsibilities:

• Lead efficiency initiatives and act as the main point of contact for developing transformation ideas from India.
• Ensure all operational metrics, management reporting requirements, and requests if any are completed on time for entire team, along with owning documentation by ensuring timely update.
• Keep Fund Accounting Lead COE lead abreast of all material issues impacting client deliverables, SLAs, and KPIs and ensure timely escalation for any issues/delays/challenges.
• Developing operational risk best practices and risk mitigation strategies for the overall betterment of fund accounting.
• Ensure all mandatory trainings, policy, and procedures are followed by the team with no breaches.
• Providing active support to Fund Accounting Lead COE, on any internal deliverables and ensuring it is always prioritized.

Key Requirements/Qualifications:

• Demonstrable experience of CA, ACCA, CPA, CMA, or master's degree in finance/accounting/business with at least 10+ PQE in either Fund Administration, Private Equity & Venture Capital, and/or accounting experience gained in an Asset Manager or Fund Administrator.
• Proven experience in Private Equity/Alternative Asset Industry of 7+ years.
• Strong knowledge of private fund structures (Debt and/or equity) and reporting requirements.
• Advanced Excel skills, including financial modeling and PowerPoint.
• Ability to meet deadlines; solve problems with strong analytical skills with detail orientation.
• Proven experience of managing a team.