Assistant Manager, Fund Administration (Waterfall) - India

About Juniper Square

Our mission is to unlock the full potential of private markets. Privately owned assets like commercial real estate, private equity, and venture capital make up half of our financial ecosystem yet remain inaccessible to most people. We are digitizing these markets, and as a result, bringing efficiency, transparency, and access to one of the most productive corners of our financial ecosystem. If you care about making the world a better place by making markets work better through technology – all while contributing as a member of a values-driven organization – we want to hear from you. 

Juniper Square offers employees a variety of ways to work, ranging from a fully remote experience to working full-time in one of our physical offices. We invest heavily in digital-first operations, allowing our teams to collaborate effectively across 27 U.S. states, 2 Canadian Provinces, India, Luxembourg, and England. We also have physical offices in San Francisco, New York City, Mumbai and Bangalore for employees who prefer to work in an office some or all of the time.

About Your Role

We are searching for a highly analytical and technically proficient Fund Accountant to oversee the complex financial operations of our private equity vehicles. This position demands a "mastery-level" understanding of private equity mathematics, specifically regarding the mechanics of distribution waterfalls and the nuanced interpretations of Limited Partnership Agreements (LPA). The ideal candidate will demonstrate deep expertise in ASC 946 and FIS Investran, serving as a critical link between complex legal documentation and precise financial execution.

Financial Operations & Oversight:

Distribution Waterfall & Carried Interest Management

• Spearhead the execution and auditing of sophisticated multi-tiered distribution models, ensuring absolute precision in calculating Preferred Returns, GP Catch-ups, and Carried Interest.

• Demonstrate technical mastery in navigating the structural nuances between American (deal-by-deal) and European (whole-of-fund) distribution frameworks.

• Rigorously calculate and monitor clawback provisions to ensure sustained fund compliance with LPA mandates throughout the investment lifecycle.

LPA Deconstruction & Compliance

• Perform comprehensive deconstruction and analysis of intricate Limited Partnership Agreements (LPA) to derive and apply precise accounting treatments for distributions and fee structures.

• Serve as the definitive technical subject matter expert for translating complex legal prose into functional and robust accounting workbooks.

Financial Reporting & NAV Oversight

• Maintain primary accountability for the calculation of Net Asset Value (NAV) across complex fund architectures.

• Ensure all fund accounting operations strictly align with GAAP, specifically prioritizing the requirements of ASC 946 (Investment Company Accounting).

Systems & Technology Optimization

• Act as a mastery-level power user for FIS Investran, providing expert oversight of the accounting ledger and the configuration of automated waterfalls.

• Leverage Advanced Excel and Power Query to drive automation in data ingestion and engineer robust, audit-ready financial models.

Qualifications

• Possess a Bachelor’s degree in Accounting or Finance (Mandatory).

• A minimum of 4 years of direct experience navigating the complexities of the private equity industry.

• Demonstrate the technical capacity to manually calculate sophisticated private equity waterfalls from first principles.

• Exhibit deep functional expertise in ASC 946 (Investment Company Accounting).

• Operate as a power-user of FIS Investran, with the ability to manage automated waterfall configurations and rigorously oversee the general ledger.

• Leverage Advanced Excel and Power Query to engineer robust financial models and perform complex data manipulation.

• Proven experience in the implementation and auditing of clawback provisions and multi-tiered distribution models.

• Capacity to deconstruct intricate Limited Partnership Agreement (LPA) language and translate complex legal prose into functional accounting workflows.

• CA, CFA or professional degree preferred

• Familiarity with Hedge Fund accounting structures is considered a significant advantage.