Central Fund Accountant

Location: Bengaluru

Job Summary
The Fund Accountant position is responsible for the preparation and production of Net Asset Values (NAVs), fund accounting records, and investor capital accounts for a portfolio of investment funds administered by the organization. The role sits within the organization’s centralized fund accounting function, which performs the core accounting and reporting activities for multiple funds and jurisdictions. The position involves processing investment transactions, maintaining fund accounting books and records, preparing periodic NAV calculations, and supporting financial reporting for investment funds.

As the NAV Checker, the position is responsible for reviewing and validating NAV calculations prepared by Fund Accountants, ensuring the accuracy, completeness, and integrity of fund accounting records before NAVs are released for supervisory approval.

The Fund Accounting Team Lead is responsible for managing NAV production for a portfolio of funds, overseeing the work of Fund Accountants and NAV Checkers, ensuring accurate and timely NAV delivery, and acting as the primary escalation and coordination point for operational issues.

Role & Responsibilities:
Fund Accounting & NAV Production
Prepare periodic Net Asset Value (NAV) calculations for assigned funds.
Maintain fund accounting records including general ledger, trial balances, investment registers
Process accounting entries relating to investment purchases and disposals, realized and unrealized gains/losses, income accruals, expense allocations
Calculate management fees and performance fees in accordance with fund documentation.
Service fund clients to ensure timely and excellent delivery of services as agreed with each fund.
Responsible for accurate and timely issuance of funds’ NAVs in line with prospectus, laws and regulations.
Transaction monitoring and initiating investor payments and internal transfers for funds.

Investment Accounting
Record and reconcile investment transactions including equities, debt instruments, private equity investments, structured products, derivatives where applicable
Maintain investment schedules and valuation records.
Reconcile investment positions with custodians, brokers, and counter parties.

Investor Capital Accounting
Maintain investor capital accounts for each fund.
Process subscriptions, redemptions, capital calls, distributions
Calculate investor allocations of income, gains, and expenses.
Prepare investor capital account statements.
Constant monitoring of shareholder services to ensure up to date processing of subscription and redemptions, with timely completion of KYC/ AML checks.

Cash & Bank Reconciliations
Perform periodic bank and cash reconciliations.
Monitor fund cash balances and reconcile with fund accounting records.
Investigate and resolve reconciliation differences.

Valuation Support & Financial Reporting
Record investment valuations in accordance with valuation policies.
Maintain valuation documentation and supporting calculations.
Process valuation adjustments for NAV purposes.
Assist in the preparation of financial statements, investor reports, capital account summaries
Preparation of financial statements, investor reports, capital account summaries, preparation of PBC items and liaison with Auditors.
Support audit processes by preparing accounting schedules and responding to audit requests.

Operational Aspects
Work closely with investor services teams, custody and treasury teams, legal and compliance teams, investment managers
Ensure accurate processing of fund transactions and accounting records.
Ultimately responsible for all aspects of fund accounting which include creation of security masters, trade processing, pricing, valuation, recording corporate actions, calculation of interest/dividend accruals, cash/position /dividend/coupon reconciliations, periodic accruals, calculation of management/ performance fees, equalization etc.
Ensure that a Fund Accountant may not review or approve NAV calculations that they have prepared themselves for the same reporting period.

Time Recording:
Accurately record chargeable time and value of service using Maconomy, ensure effective monitoring of transactions, handle…