Manager - Fund Accounting For AIF/PMS/RIA/IPO

Position Manager - Fund Accounting for AIF/PMS/RIA/IPO

Required Skills: AIF/ PMS/ Mutual Fund/ Private Equity.

Qualification: CA/MBA

Experience: 4 to 5Yrs

Salary as per Industry standards

:

-Manage end to end Fund Accounting Operations for Alternative Investment Funds (AIF), Cat II & III.

- SPOC for NAV Operations, Audit including Concurrent, Internal & Statutory.

- Coordinate with Internal (Compliance, Fund Management, Settlements & Sales Team) & External Stakeholders (Fund Accountants, Bankers, Fund Custodians, Brokers, Counterparties etc.)

- Ensuring adherence to and improvement of laid down Operations Policies, SLAs and Processes in the best interest of Business, Business Partners and all internal & external stakeholders.

- Client Management , Operations Management and Business Development.

Principle Responsibilities:

- NAV Management

- Ensure error free & timely NAV processing and release for all Schemes (Cat II & Iii). Includes, Daily, Fortnightly & Monthly NAVs.

- Corporate actions Accounting i.e., Dividend, Bonus, Merger, Split etc.

- Coordination with Fund Accountant, Brokers, CPs & Custodians for NAV accounting.

- Capital Activity - Accounting of Subscriptions and Redemptions in compliance with PPM and applicable regulations.

- Handling taxation matters such as TDS, GST payments including periodic return filing. Advance tax management including Provision & Payment at quarter end.

- Daily Bank, Holding and Expense Reconciliation. Automation of all business and Operations processes including Reconciliation.

- Computation/review of Redemption workings as per the methodology mentioned in the PPM, making necessary changes, if required, on account of any taxation laws.

- Providing Inputs for Business MIS for AIF Business.

- Calculation of fees including Setup fees, Management fees, Custody, Performance fees, Exit load, Brokerage, Margins, PCM charges, Distributor brokerage and other charges.

- Monthly TDS and GST payment for all AIF schemes.

- Effective compliance with applicable AIF regulations and associated requirements.

- Preparation/Review of regulatory reports (Monthly and Quarterly for SEBI, RBI etc.).

- Reviewing PPM for existing/new products & deliberate on operational nuances.

- Preparing/reviewing various investor related communications such as Form 64-C, K-1 statements for NRI US investors, income/principle distribution pay-out letters, drawdown notices etc.

- Computation of tax under Income Tax Act, 1961 as per the applicability and incorporating the same in NAV for CAT III AIFs, reviewing annual income tax return of AIFs.

Key Competencies:

Soft Skills Functional Competencies

- Effective Team Member.

- Multitasker.

- Effective Oral and written communication.

- Should be able to deliver under stiff deadlines.

- Problem solving approach.

- Client centric.

- Ensure effective communication with internal & external stakeholders.

- Should possess understanding of Asset Management (AIF) Operations, Fund Accounting and Wealth Management Operations.

- Should have fair understanding of AIF Structure Operations. Prior experience of handling similar tasks will be an added advantage.

- Should possess understanding of Fund Accounting, Audit, Tax & Business MIS. & PMS.