Team Leader of Fund Accounting

Function: Fund Services

Job Type: Permanent

Location: Bangalore

Work Mode: Hybrid

Shift- UK shift

The Senior Fund Accountant will be responsible for end-to-end accounting, reporting, and investor servicing for Hedge Fund and Private Equity clients. The role involves reviewing NAV packs, managing capital activity, ensuring accuracy of financial statements, and acting as a key point of contact for internal teams, auditors, and clients. The ideal candidate will possess strong product knowledge, analytical skills, and prior experience in alternative investment fund accounting.

• End-to-end NAV calculation and review for Hedge Funds and Private Equity Funds
• Review portfolio valuation, accruals, amortizations, and expense allocations
• Reconciliation of cash, positions, and market values with brokers, custodians, and administrators
• Ensure compliance with fund governing documents and accounting standards (US GAAP / IFRS)
• Review management fee, incentive fee/carried interest, hurdle, and waterfall calculations
• Process corporate actions, pricing updates, FX translations, and income allocations
• Prepare and review financial statements, investor reports, and NAV packs

• Support year-end audit process and respond to auditor queries Capital Activity Management (Private Equity)

• Process and review capital calls, distributions, equalization, and commitment tracking
• Maintain partner capital accounts and waterfall models

• Monitor unfunded commitments and capital activity schedules Client Stakeholder Management

• Act as primary contact for clients on accounting reporting deliverables
• Coordinate with operations, investor services, tax, and valuation teams
• Identify process improvement opportunities and support system migrations/automation

• Ensure strong control framework and documentation standards
• Perform review of junior team members work
• Adhere to SLA/TAT and minimize operational risk and breaks

• Bachelor s or Master s degree in Accounting/Finance/Commerce
• Professional qualifications preferred: CA/CPA/CFA/ACCA (or pursuing)
• 6+ years of experience in Fund Accounting, preferably in Hedge Funds and/or Private Equity
• Strong understanding of:

o NAV calculation o Capital accounts waterfalls o Partnership accounting

• Experience working with fund administrators or asset management firms
• Hands-on experience with fund accounting systems Geneva
• Advanced Excel skills
• Familiarity with Bloomberg/Reuters pricing feeds is preferred
• Strong analytical and problem-solving ability
• Excellent communication and stakeholder management skills
• Ability to work independently and lead small teams
• Strong attention to detail and quality mindset
• Ability to manage multiple deadlines in a fast-paced environment

• Knowledge of derivatives, complex instruments, and side pockets (Hedge Funds)

• Experience in closed-ended structures, SPVs, and co-investments (Private Equity)
• Exposure to US, EU, or APAC fund structures and regulatory regimes