Vice President Fund Accounting
- Indus Valley Partners
- 10 - 20 years
- Noida, Gurugram
- 8 days ago
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Job Description
Indus Valley Partners (IVP) is a global provider of front, middle and back-office technology solutions, consulting and digital-first managed services to over 160 of the most prestigious fund managers on the buy side.
Hedge funds, private equity firms and other traditional and alternative asset managers rely on IVPs expertise as a thinking partner and best-of-breed platforms to digitally transform and future-proof operations reducing their costs, improving control and increasing productivity across their enterprise.
Founded in 2000, IVP remains at the forefront of moving FinanceForwardTM with approximately $3.6 trillion of global AUM managed using its technology and $1.5 trillion AUM reported through its regulatory reporting solution. IVP is headquartered in New York with additional offices located in Salt Lake City, London, Mumbai and Noida.
For more information, visit www.indusvalleypartners.com
Key Responsibilities
The team is responsible for providing accounting and operational services to its clients, managing their internal books and records, and preparing data for reporting and NAV determination.
Managerial Activities
- Manage and guide a team of fund accountants and operations associates to perform daily operations/accounting work for clients.
- Manage client-relationship, escalations, issues, queries and provide solutions.
- Ensure achieving KPIs/ KRAs
- Train the new joiners and manage daily activities of fund accounting associates by reviewing, monitoring and validating.
Core Activities
- Prepare monthly financial reporting package for Hedge Funds, including the determination of "Net Asset Value" and prepare the Statement of Asset and Liabilities and Profit and Loss Statement
- Hands on experience with all aspects of fund accounting activities related to clients.
- Perform daily reconciliation of accounts between Geneva and Custodian/Prime Broker
- Ensure Fund income and expenses, including management and performance fees, are accrued for and are in accordance with relevant accounting standards (Calculation of Incentive Fee and Management Fee)
- Accurate and timely processing of all capital activities including subscriptions, redemptions, transfers, rollups, capital commitments and calls.
- Bank loan processing including Agent notices processing
Maintaining line of credit for clients - Calculation of amortization (check how many types of amortizations they've worked on - the answer should be -(2) -
1. Effective yield aka constant yield and
2. Straight line method
Experience with term loans, revolvers, and DDTL (do they know the difference between these three)
- Experience with private credit funds with exposure to loans and bonds
- Cash Management - managing the daily cash flow of trades and monitoring fund cash-flows.
- Preparation of Investor and Client reports including Audit confirmations, Trade confirmations etc.
- Communicate the transactions associated with the fund(s) and work closely with internal and external clients to provide accurate and thorough accounting packages.
- Assistance with New Client Onboarding and Implementations
- Provide functional support on client configurations and data loads.
- Coordination with Internal/Cross Product Development Team for new features/changes
- Document the current knowledge and the formal procedures to use them in future.
Support Activities
- Expected to take initiatives as the manager.
- Communication with clients on emails/zoom/phone
- Good Analytical skills and a quick learner
- Excellent Communication skills (Oral and Written both)
- Ability to quickly understand and catch up on details with minimal information
- Should understand the domain under consideration, main players, current market scenarios etc.
- Well versed with all financial instruments
- Complete procedural knowledge of fund accounting is a must. Trade Booking, Cash reporting, Exception analyzing, reconciliation of assets and cash, Post pricing issues etc.
- Advanced MS Excel
- Intermediate - MS PowerPoint and Word
Skills required:
- 10+ years of relevant experience.
- Proven ability to make timely and sound decisions in the interest of the business and clients
- Good Analytical skills and a quick learner.
- Excellent Communication skills (oral and written both).
Mandatory qualifications
CA MBA Finance
Job Classification
Industry: IT Services & ConsultingFunctional Area / Department: Finance & AccountingRole Category: TreasuryRole: Treasury HeadEmployement Type: Full timeContact Details:
Company: Indus Valley PartnersLocation(s): Noida, Gurugram
Keyskills: accounts reconciliation analytical private equity hedge funds regulatory reporting financial instruments accounting standards functional support excel fund administration writing financial reporting powerpoint fund accounting communication skills
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