Senior Fund Accountant-Close Ended

Role Overview

The role is responsible for end-to-end fund accounting and NAV oversight for AIF Category II (GIFT/IFSC funds). This position ensures accurate NAV calculation, compliance with IFSCA/SEBI regulations, strong client communication, and smooth day-to-day service delivery. The role also includes team leadership, process improvement, audit support, and participation in automation and migration initiatives.

Key Responsibilities

Fund Accounting & NAV Management

• Plan, schedule, and manage daily workflows for all client deliverables within the team.

• Review, prepare, and reconcile Daily / Monthly / Quarterly NAVs for AIF Category II funds.

• Finalize Month-end NAVs and prepare Investor-Level Allocation Reports.

• Ensure accurate performance fee and management fee calculations, including:

  • Series accounting

  • Equalization accounting

  • Waterfall model calculations

• Oversee and review:

  • Daily journal entries

  • Management fee calculations

  • Investment valuation

  • Financial and investor reporting

  • Ad-hoc client reporting

Valuation & Pricing Oversight

• Review and analyze portfolio pricing in accordance with IFSCA / SEBI valuation guidelines.

• Investigate and resolve pricing exceptions, ensuring proper documentation and approval.

• Ensure accurate valuation of:

  • Listed & unlisted equity

  • Derivatives

  • Debt instruments, bonds, and debentures

Fees, Accruals & Capital Activities

• Accrue and amortize non-security-related fees (daily/monthly), including:

  • Management fees

  • Financing and other operational accruals

• Review and book capital activities such as:

  • Capital calls

  • Distributions

  • Transfers

Compliance & Regulatory Support

• Ensure compliance with IFSCA / SEBI regulations, particularly for close-ended AIF funds.

• Support preparation, review, and completion of regulatory filings as per IFSCA guidelines.

• Ensure adherence to all daily, weekly, monthly, and quarterly SLAs.

• Create and maintain detailed process checklists to ensure accuracy, completeness, and timeliness.

Client & Stakeholder Communication

• Act as a primary point of contact for clients on:

  • Daily estimates and NAVs

  • Queries and escalations

  • Reporting discussions

• Build trusted client relationships through clear, timely, and professional communication.

Audit, Projects & Process Improvement

• Provide active support during fund audits, including preparation of financial statements.

• Partner with operations and technology teams on:

  • Automation initiatives

  • Work migrations

  • System conversions and enhancements

• Drive continuous process improvement and operational excellence.

People & Team Management

• Manage, mentor, and develop team members.

• Conduct performance appraisals and provide structured feedback.

• Support people growth, skill development, and succession planning.

• Be willing to work additional hours during critical reporting cycles.

Required Skills & Qualifications

Technical & Domain Expertise

• Strong experience in AIF Category II structures and GIFT City / IFSC funds.

• In-depth understanding of:

  • Fund accounting

  • General ledger accounting

  • NAV processes

• Expertise in valuation of diverse asset classes per SEBI / IFSCA guidelines.

• Strong knowledge of performance fee, management fee, equalization, and waterfall calculations.

Tools & Systems

• Hands-on experience or familiarity with Efront / Allvue / Paxus (strong advantage).

• Advanced proficiency in MS Excel (complex formulas, models, reconciliations).

Education

• M.Com / CA / MBA (Finance) / CFA

Soft Skills

• Excellent analytical and problem-solving skills with strong attention to detail.

• Strong organizational and time management capabilities.

• Excellent verbal and written communication skills due to direct client interaction.

• Ability to manage multiple priorities in a deadline-driven environment.