Assistant Manager || Fund Accounting

About the job

• Assistant Manager | Tax Business Process Solution | Fund Accounting
• Location: Mumbai

The teamBusiness Process Solutions helps businesses manage their essential operational finance, HR, payroll & industry processes by leveraging experienced professionals who provide advice and practical support through a mix of outsourcing, contract personnel, co-sourcing, and project-related services Learn more about our Tax Practice. Your work profileAs an Assistant Manager in our BPS Tax team, youll build and nurture positive working relationships with teams and clients with the intention to exceed client expectations.You will:

• In depth understanding of the typical fund structures- debt, equity, hedge fund
• Detail oriented approach to review the fund documents such as Private Placement Memorandum (PPM), Contribution Agreement (CA), Portfolio investee entities securities documents and derive relevant calculations typical to distribution and NAV
• Overview and support on Capital Calls, corporate actions, expense and income accruals processing
• Devise and design formula driven excel templates for distribution proceeds, fund level NAV and Investor level NAV
• Preparing Investor Distribution proceeds statement based on waterfall as per PPM, allocation of fund and organization expenses
• Computing management fees, carried interest, incentive fees, catch up
• Preparing fund level NAV
• Preparing Investor level NAV taking care of the waterfall and hurdle rate
• Position reconciliation, equalization calculation
• Preparing investor level reports as per clients requirement
• Overviewing client onboarding in the Accounting ERP
• Reviewing accounting entries posted in fund accounting ERP- capital calls, distribution, expenses and valuation
• Overviewing management of bank account including bank account reconciliation, uploading vendor and tax payments
• Preparing financial statements as per IGAAP
• In case of offshore funds preparing financial statements as per IFRS, US GAAP
• Basic knowledge of fund taxation withholding tax and foreign remittance- Form 15CA, , 15CB
• Reviewing the details compiled for SEBI reporting
• Regular interaction with the client , providing clarification and addressing any client escalations
• Maintaining issue log and preparing Standard operating procedures (SOP)

Key skills required:

• B Com/M Com and MBA/CA/ CFA