Senior Fund Accounting Manager

Senior Fund Accounting Manager

As a Senior Fund Accounting Manager, you will play a key role in leading the governance, control and management of financial reporting processes for designated Funds/entities. This includes Fund Administrative Oversight support and interaction with multiple stakeholders across various locations.

The primary responsibilities for this role include:

• Leading and supporting the oversight and delivery of monthly/quarterly financial, investor and regulatory reporting.
• Oversight and high-level knowledge over number of different strategies/assets classes.
• Supporting 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 and insights from wider team taken into consideration.
• Lead/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 client's firm wide and Fund specific policies.
• Support end-to-end payment process of invoices including recharge costs to the Fund.
• Support capital activities (capital calls and distributions) with shadow calculations and first review of related information produced by Fund Administrators.
• Assist in monitoring compliance of the Fund LPA and side letter agreements.
• Support development of processes and controls in India COE.
• Support formal documentation of technical matters and judgements about complex accounting matters, including broader fund matters which impact the Fund's financial records.
• Support review of performance fee calculations.
• Support formulating responses in relation to investor queries (external) and internal Investor Relations Team.
• Support review and understanding 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 Responsibilities

• Final Review/Shadowing of Management Fees and subsequent reporting to client's Group Finance function.
• Lead 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 deals are correctly recorded in client's in-house systems and take responsibility for maintaining integrity of data;
• Take lead in ensuring 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 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 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 practises and risk mitigation strategies for 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.

Requirements

You will have 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 modelling and PowerPoint.
• Ability to meet deadlines; solve problems with strong analytical skills with detail orientation.
• Proven experience of managing a team.

Desirable

Personal attributes that will make you successful in this role include but not limited to:

• Highly driven and motivated.
• Formidable team player with ability to lead - Collaboration with the local and global team.
• Contribute to a positive work environment.
• Excellent time management and organisational skills to meet tight deadlines and manage multiple tasks.
• Confident and strong communicator, with advanced interpersonal skills.

Keyword:FundAccountant