At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we’re counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all.

Job Description – Fund Accounting – Senior roles

Technical Experience

The Senior level candidates should have prior experience in the below category along with working with a fund administrator and have exposure in fund accounting and technology/fund accounting systems.

• Working knowledge with / on Real Estate Investment Trusts / Real Estate Funds. Working knowledge of YARDI
• Working knowledge and clear understanding in various fee structures, calculation of management fees and performance fees including carried interest, preferred return and clawback provisions.
• Experience in operational aspects like NAV finalization, reconciliation with admin records ,trade settlement, custody cash reconciliations, management reporting and investor reporting, reconcile investor capital balances and allocation of Profit & Loss.
• Daily analysis of price variance, tolerance check and Pricing of securities and derivatives held by fund using Bloomberg, broker reports and client instructions.
• Preparing capital calls and distribution to investors
• Understanding of core functions of investment funds (Front office, middle office and back office functions).
• Understanding and knowledge of fund investment strategies like venture capital, leverage buyouts, distressed debt etc, is preferred.
• Understanding of fund governance documents (LPA, PPM, Operating Memorandum etc)
• Understanding of various fund structures like Master-Feeder, Fund of Funds, Blocker entities etc. and working knowledge of various investment products like equity and derivative instruments along with related accounting aspects.

Below are the good to have but not necessarily must have skillsets

• Working experience in preparation and review of financial statements (under USGAAP, IFRS) for mutual funds, hedge funds and private equity funds including the following:

a) Statement of Assets, Liabilities and Partners’ Capital, b) Statement of Operations, c) Statement of Changes in Partners Capital, d) Statement of Cash Flows, e) Schedule of Investments and f) Notes to Financial Statements including related disclosures.

• Experience in audit preparedness and financial statement close processes, coordination with onshore team members and handling auditor queries etc, for various funds.
• Working knowledge and clear understanding of relevant regulatory guidance for investment funds including USGAAP, AICPA requirements is preferred.

Key Responsibilities

Broadly, the key responsibilities are:

• Deliver high Quality industry specific work on time and within the time estimates made and agreed with the US engagement teams / key stakeholders.
• Develop and maintain relationships with key EY industry leaders and contacts to grow GDS business.
• Establishing expectations of value to be delivered on the engagements worked on from GDS.
• Building fund accounting knowledge and capabilities within the GDS teams.
• Identify opportunities to standardize and optimize the processes across a portfolio of clients and the industry to improve efficiency.
• Develop an understanding of EY’s Quality and Risk Management procedures, and ensure these are embedded into the GDS team's deliverables.
• Demonstrate professionalism, industry competence and clarity of communication when dealing with the engagement team.
• Use technology (on specific areas of work), continually learn, share knowledge with team members, and enhance service delivery.
• Contribute to technical/functional and soft-skills training to continually develop the team's skills on industry specific areas of work.
• Actively participate and lead overall performance development and feedback process at team level and at overall GDS level.
• During the projects you will be led to manage your daily tasks independently, cooperate with other EY team members and communicate to client’s personnel.

Education and Experience Requirements

• Qualified MBA / CA / US CPA / ACCA along with Bachelors’ degree in Finance & Accounting
• Demonstrates an expert level understanding of fund accounting processes, concepts, and terminologies in a reporting/audit environment
• 1 – 6 years of post-qualification experience in Global Investment Company / Bank / Fund Administrator in the similar work profile

• Experience with Big 4/leading Audit firms/Fund Houses or their shared service center would be preferred

Enabling Skills

• Good knowledge of MS Office (with an emphasis on MS Excel skills)
• Strong English communication abilities (Oral & Written)
• Attention to detail and quality consciousness
• Self-Motivated and a critical thinker
• High-energy, independent decision-making capability with ability to manage priorities and conflicts with prioritization skills
• Be a quick learner and demonstrate adaptability to change
• Willingness to work with new technologies
• Resilient and demonstrate ability to lead change by effectively building commitment and winning support for initiatives through influencing, negotiation, collaboration, and relationship building skills
• Should be willing to and capable of delivering under tight timelines, basis the business needs including working on weekends

EY | Building a better working world

EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.

Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.

Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.