Private Equity Fund Accounting - Assistant Vice President

Who we are looking for

• Minimum of 10-15 years of related Private Equity and/or Fund Accounting experience.

• Good interpersonal and organizational skills.

• E2E Private Equity knowledge.

• Detail understanding of operational functions within Private Equity and/or Fund Accounting.

What you will be responsible for

• Adhere to State Street Alternative Investment Solutions (AIS) strict internal control procedures.
• Ensure monthly and quarterly client deliverables are meet
• Display ability to performance variance analysis to explain significant movements from quarter to quarter.
• Review the general ledger for various fund entities
• Review supporting work papers for financial statements, portfolio schedules and capital account allocations
• Reviweing financial statements and footnote disclosures
• Analytical review of monthly/quarterly investment and fund performance data
• Reviewing and/or preparing of capital calls, distributions and bank reconciliations
• Reviweing management, annual and incentive fee calculations
• Preparing various client correspondences
• Calculating waterfalls and capital account allocations
• Ensuring compliance with legal documents
• Handle client’s calls, complaints, questions and queries as required.
• Monitor the productivity and quality of the team
• Brining ideas on to the table and process improvement
• Participating in presentations to existing and prospective clients
• Monitor compliance of various agreements with clients, including the Service Level Agreement
• Monitor the trainings status of subordinates and provide calendar to complete the training on time
• Ensure appropriate records of daily and monthly activities are kept. Assist with compliance/fiduciary reviews, controls, and audits as needed.
• Special projects as requested
• Review limited partnership agreements and offering memorandums and ensure compliance with operational and accounting procedures
• Coordination of annual audit and tax return preparation with external accounting firms
• Handle a team of 15-20 members.
• Setting the Goals of the Team Members and providing quarterly feedback.
• Mentoring and Conducting Performance Appraisal of the Team Members
• Interviewing and Hiring the Associates as per the Business requirement.
• Nominating the Team members for Promotions and various Training Programs organized by      Academy Team.
• Identifying and reinforcing positive behavior through formal and informal reward and recognition.
• Organizing sessions with team members on innovation and process improvements.
• Working with robotics and automation team on various process automation projects.
• Ensure that Client SLA’s and Team targets are met.
• Commercial acumen - Understanding of cost/budgets (Officer level), Lead/drive the same
• Taking accountability of end-to-end outcomes as an enterprise, collaborating across functions/business and locations
• Designing process maps, SOP’s and Process documents.

These skills will help you succeed in this role

Core/Must have skills

Skill 1 – Must have Private Equity Knowledge

Skill 2 – Investran Accounting

Skill 3 - Proficient with Microsoft Office Products (Excel, Word)

Skill 4 – Team handling

Good to have skills

• Good communication skills and proficiency in English (both verbal and written).
• Knowledge in Microsoft Applications (Excel, Word, Powerpoint etc).
• Working knowledge of Investran/Oracle will be an added advantage
• Private equity/real estate fund experience. Exposure to complex fund structure, waterfall computation, preferred return.
• Motivated, bright and diligent individual who is driven to meet deadlines.
• A team player who is able to manage individual responsibilities.
• Supervisory skills with experience in managing and/or leading staff for 3-4 years.
• Strong business acumen.
• Good client/ business relationship management
• Sound judgment, problem solving and analytical skills
• Should have prior Fund accounting experience including General Ledger analysis and reconciliation

Education & Preferred Qualifications

• Graduate / Master’s Degree in Accounting, Finance, any other professional accounting qualification (ie. CA, CWA, CPA, CFA, CA inter, CWA inter or equivalent)
• Minimum of 10– 15 years’ experience in accounting for the financial services sector, particularly Private Equity, Asset Management or Fund Administration.
• Knowledge of IFRS and / or USGAAP
• Experienced in preparing general ledger and financial statements

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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