Fund Accounting

22 hours ago

Pune, Maharashtra, India State Street Corporation Full time ₹ 20,00,000 - ₹ 25,00,000 per year
Looking for an AVP in Alternative Investment Services with hands on experience on Private Equity, Hedge Fund portfolio valuations. The incumbent would be responsible to manage and handle a large team and would report into an AVP-2 or a VP.

Primary Responsibilities & Skill Sets :
To independently lead and manage an Alternatives Investment Services team primarily responsible for end-to-end accounting and valuations of Private Equity & Hedge Funds for Limited Partners.
The incumbent should be self-motivated, self-driven.
Should be able to keep his team motivated and upbeat to consistently achieve flawless delivery.

Operational Skill sets
  • Should have an overall 10 years of experience into Alternative ops., Out of which 8 years should be a team management experience in a Managerial or Leadership role.
  • Would be responsible to manage an AIS team of 25 FTE's with relentless focus on meeting the banks SLA's with regards to quality and timeliness with the clients.
  • Responsible for continuous process improvements for existing AIS processes, functions and clients.
  • Required to work closely with global teams in a large and complex organization under direct and hybrid reporting.
  • Act as a point of contact for client issues, queries and escalations.
  • Expected to participate and provide solutions on Client Calls along with other internal State Street teams like Client Services and Client Relationship.
  • Ensure that all the process SOP's are updated and maintained as per the formats and standards prescribed by business risk team.
Functional Skill set :
  • Strong analytical skill with ability to manipulate large set of data related to fetching PCAP's, Notices, LOD's from GP / IM portals or track them through emails for hefty volumes.
  • Perform end-to-end accounting and valuations of Private Equity & Hedge Funds and sign-off daily / monthly valuations and NAV's for hedge and PE funds for LP clients.
  • Should have ability and knowledge to interpret the PCAP's, ILPA's, Notices & LOD's book capital activities / cash flows accordingly.
  • Track, review and get the AIS coded cash breaks resolved by following up with relevant teams within 30 days of aging.
  • Ensure that team performs tolerance and validation checks before sign-off's.
  • Should have 10 years of work experience and understanding of Alternative Investments like Hedge, Private Equities and other Alternative Investment products.
  • Should possess good understanding of accounting as per US GAAP or IFRS.
  • Should have a good knowledge and understanding of overall asset classes traded over exchange in primary & secondary markets and OTC.
Risk Management :
  • Should adhere to all the internal process controls established in conjunction with BRM team for operational effectiveness.
  • Should be able to continuously assess operational risks and update control gaps.
  • Should be able to evaluate and remediate Operational Incidents informed internally or externally.
  • Should support and ensure compliance with regards to internal and external audits.
Educational Qualifications :
  • Bachelors degree into Accounting or Financial Management.
  • ACCA / CMA certifications or Masters would be an added advantage but not a necessity.

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