Manager of Fund Accounting

Function: Fund Services

Job Type: Permanent

Location: Mumbai

Work Mode: Hybrid

Shift : UK

Introduction:

The Fund Accounting Manager is responsible for overseeing the delivery of fund accounting services for a portfolio of investment funds within a fund administration environment. The role includes endtoend accountability for fund financial reporting, governance, and client service, while managing daytoday accounting activities performed by the India team.

Key Responsibilities:

Fund Accounting Oversight

• Maintain overall responsibility for accurate and timely delivery of NAVs, management accounts, investor reporting, and statutory financial statements.
• Review and sign off on key deliverables prepared by the senior fund accountants / assistant managers.
• Ensure compliance with applicable accounting standards (IFRS, US GAAP) and regulatory requirements.

Team Management

• Oversee daytoday fund accounting activities performed by India team, including bookkeeping, reconciliations, NAV calculations, and investor allocations.
• Set clear expectations, timelines, and quality standards and client deliverables.
• Review error logs, identify root causes, and drive continuous improvement initiatives with India teams.
• Provide technical guidance, feedback, and training to India team preparers and reviewers.
• Coordinate workload planning and capacity management with India managers.

Client & Stakeholder Management

• Act as the primary contact for CSC and clients on fund accounting matters.
• Proactively manage client expectations regarding timelines, deliverables, and issues.
• Liaise with auditors, tax advisors, depositaries, and other service providers.
• Lead discussions on accounting matters, system changes, and service enhancements.

Governance & Controls

• Maintain strong oversight of internal controls, checklists, and review frameworks.
• Ensure issues are escalated appropriately and resolved within agreed timelines.
• Monitor KPIs, SLAs, and performance metrics relating to fund accounting delivery.

Process Improvement & Change

• Drive process standardisation and automation across India teams.
• Support onboarding of new funds, transitions, and system migrations.
• Participate in internal projects relating to operational efficiency and service model optimisation.

People & Leadership

• Manage and develop India based fund accountants.
• Conduct performance reviews, coaching, and mentoring.
• Foster strong collaboration with India teams.

Key Requirements:

• Qualified accountant (ACCA, CA or equivalent) or MBA.
• 7+ years of experience in fund accounting- private equity.
• Strong experience in fund accounting within a fund administration environment.
• Proven experience managing offshore or outsourced accounting teams.
• Solid knowledge of alternative investment funds (Private Equity, Real Estate, Hedge Funds).
• Having knowledge in Geneva will be an added advantage.
• Strong communication, leadership, and stakeholder management skills.
• Ability to manage multiple deadlines and highvolume fund structures.