Fund Accountant - Manager

About Company

A leading RBI-registered NBFC that provides customized debt solutions and financing to mid-market enterprises and MSMEs across India.

Job Description

About the company:
A rapidly growing investment management firm specializing in alternative funds, offering customized solutions for investors. Manages fund accounting, NAV computation, portfolio tracking, investor reporting, compliance, audits, fee management, and enhances efficiency through automation. 

Roles & Responsibilities:

Fund Accounting and NAV Computation 
• Maintain books of accounts for Category II and III AIFs in accordance with IGAAP and SEBI AIF Regulations. 
• Prepare and review periodic Net Asset Value (NAV) statements, unit capital statements, and investor-level NAVs. 
• Account for all income, expenses, accruals, MTM, amortisation, and provisioning. 
• Ensure correct treatment of upfront discount, redemption premium, accrued interest, and fair value gains/losses.

Investment and Portfolio Accounting 
• Record debt transactions (NCDs, CPs, Securitised Debt, etc.) including trade date, settlement date, maturity, and cash flow schedules. 
• Maintain accurate amortisation schedules for structured debt instruments and compute daily/periodic accruals. 
• Track interest and principal repayments, and reconcile with bank/custodian. 
• Perform MTM valuations and apply valuation guidelines as per SEBI norms and IBBI Valuation Rules where applicable.

Investor Reporting & Reconciliations 
• Maintain unit registers, contribution and distribution statements, and investor-wise accounting ledgers. 
• Generate investor capital account statements, trail income reports, fee workings, and waterfall distributions. 
• Handle allocation of income, expenses, and management fees (based on class or series of investors). 
• Ensure daily/periodic reconciliation between fund books, bank statements, custodian reports, and administrator records.

Compliance & Audit 
• Ensure compliance with SEBI AIF regulations, Companies Act, and tax guidelines. 
• Coordinate with statutory auditors, internal auditors, and tax advisors for audit, filings, and tax compliance (including pass-through provisions, TDS, etc.). 
• Prepare financial statements of AIFs in line with IGAAP, and applicable AIF audit formats. 
• Monitor leverage limits (especially for Cat III AIFs) and ensure proper disclosure and controls.

Fee and Expense Management 
• Calculate and account for management fees, performance fees (hurdle, catch-up, etc.), custodian/admin charges, and other fund expenses. 
• Apply correct fee structure per investor class/series and document support workings. 
• Ensure expenses are within the expense cap defined under fund documents.

Process Improvement & Automation 
• Identify opportunities to improve fund accounting workflows and automate reconciliation, NAV, and reporting processes. 
• Contribute to implementation or enhancement of fund accounting systems or ERP tools.

Skills Required: 
• Strong technical understanding of debt instruments and fund structures. 
• Knowledge of AIF regulations, taxation (pass-through, withholding), and IGAAP. 
• Analytical mindset with attention to detail and reconciliation skills. 
• Ability to work under tight timelines and manage multiple deliverables. 
• Effective communication and stakeholder management skills. Preferred: 
• Prior experience in an AMC or fund administrator handling Category II/III AIFs. 
• Exposure to SEBI filings. 
• Understanding of capital calls, drawdowns, distributions, and waterfall mechanisms.

Mandatory Requirement

Primary Job Profile : Finance & Accounts/ Finance Control

Technical Skills : AIF, Fund Accounting

Candidate Industry Requirement: Bank/ NBFC/ Fintech

Candidate Location Requirement: any

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