Job Description
Job Sector: Banking ,Insurance ,Finance
Location: Chennai,Mumbai,Bangalore
Experience: 4 to 10 years
Salary Range:5 lakhs to 12 Lakhs
Key skills: NAV Calculation, CLO,CDO,Daily /Monthly PNL,Management Fee
Private Equity
Job responsibility:
Coordinate in Geneva Fund setup – i.e. N Tier or GWI including setup of Classes, Special
allocation groups, multiple legal entities, defining all the linkages and hierarchies across multiple
Masters and Feeders, defining Catch-up and Carry terms and classes (after deciding that Carry
should be calculated at what level). Performing system fund allocations in GWI moth on month
and verifying the correctness of all attributes.
Maintaining Compliance checklist, checking for monthly/quarterly/yearly Investments
restrictions.
Preparation of detailed NAV pack and Economic allocations including PNL allocation from
Master to feeder funds, feeder specific PNLs, Hedge PNLs, even and uneven pnl allocations, pnl
adjustments (if any), schedules for Preferred returns, Catch-up, Carry computations (crystalized
and uncrystalized) , Clawback, IRR (Gross and Net) calculations.
Handling multi-currency investors, their accounting aspect and Investor allocations
Maintaining Investors’ database by creating investors and recording their commitments, close
dates, capital calls, catch-up calls, distributions (recallable / non-recallable), funded/unfunded
commitments, transfers, switches
Maintaining master-feeder capital activity movements and understanding how that impacts
Master Feeder allocations
Handling commitments extension / commitments expiration
Preparation and distribution of capital calls (including catch-up capital calls) and distribution
notices and for distributions we also prepare supporting income distribution calculations. Also
doing the funds upstream as required.
Performing rebalancing activity considering late closers.
Performing/analyzing/resolving cash recons including recons of Cross held accounts
Analyzing cash flow requirements considering upcoming cash needs.
Preparing borrowing request, conversion notices, repayment notice for Line of credit, tracking
tranches of LOC
Calculating and approving interest amounts on Line of credit and unused fee on Line of credit.
Wires approving, preparing wire package and Safekeeping.
Tracking the due dates for any filing requirements towards lender (e.g. Compliance certificate
due to Lender of credit facility) and preparation of such documentation.
Tracking Investments deals and their future cash flows and /interest calculations.
Daily/weekly flash reports, dashboards.
Request hedge/ de-hedge FX’s as and when required
Monitor and maintain separate recon for Bid deposits.
Assist in yearly Investments’ confirmation exercise
Form PF and AIFMD working files preparation.
Preparing management fee computations (in various periods’ i.e. Interim, investment and
liquidation periods) and special fee distributions computations per LPA agreement and
considering various offsets. Passing accounting entries to appropriately record offsets e.g.
placement fee offsets, Org cost offsets, directors fee offsets etc.
Preparing capital statements / ILPA statements
Compute various kind of returns and rations i.e. Gross and Net IRRs, TWRs, DPI, RVPI, TVPI,
Investment multiple etc.
Prepare reporting – Fund level reports, investor level reports, carried interest, GP reports,
regulatory reports etc.
Prepare Financial statements, 4 pagers, SOI and notes to the financial statements
Your Background:
Preferred CA/CPA/CFA, Masters in Finance & Accounting.
0-3yrs experience in Financial Services / Capital Markets Industry with min 1+yrs work
experience in Private Equity Accounting & Reporting.
Experience in working across country lines and operating in a global, multinational
organization, ideally in a matrix structure.
Demonstrable accomplishments relating to organizational change activities in a fast-paced
environment.
Willing to work in global shifts.
Excellent verbal and written communication in English.
Strong problem-solving skills.