Location
Mumbai | India
Job description
Job Description
Senior Associate - Fund Operations (GP Fund Accounting) Job Location – Mumbai Work Mode – Hybrid Purpose of the role We seek to hire an accounting professional to join the Investment Fund Accounting Team and work on the GP fund accounting for its Fund Operations, Mumbai team. This person will have a variety of responsibilities within the GP Fund Accounting Team of Fund Operations group. He/She will work closely with the clients GP Controllers group from the Finance team [based out of the United States].
Role Overview: The role will involve day-to-day accounting and reconciliations for our esteemed PE client. The role requires strong accounting, analytical and Excel skills. The successful candidate will be expected to work on various Excel models and accounting system to record and reconcile activities and ensure accurate accounting and Month-end Financials.
Scope & Key Responsibilities - To assist in the daily and monthly cash and broker reconciliations
- To do an analysis of the general ledger to facilitate month quarter and Year-end closing procedures.
- On a monthly basis, download, save, and reconcile the various GP bank statements and record any necessary bank interest and expenses.
- Update and maintain contribution schedules for various GP entities and perform periodic reconciliation with the Limited Partner records and other support files.
- On a quarterly/yearly basis, record all contribution activity at all the GP entities in the respective accounting systems.
- Analyze, track and book payments for direct and indirect taxes in the accounting systems.
- On a quarterly basis, update promissory note listing with 'up to amounts' and note balances.
- Record and calculate various notional calculation for distributions received and recording accounting entry.
- On a quarterly basis, calculate the interest income on the GP's promissory note balances.
- To assist the GP fund accounting team in preparing and analyzing partners' capital accounts and the monthly and annual Financial Statements with supporting documentation.
- Maintain general ledger listings (add new accounts, deal and partner percentages).
- Provide inputs in relation to the review and monitoring of existing business process, procedures, and checklists to maximize efficiency and productivity.
- Assist in various ad hoc projects and requests.
Qualifications & Education Requirements - CA or Masters Finance
- Work Experience-3-4 years
- Good understanding of Microsoft Office and familiarity with Investran and Alteryx.
Preferred Skills & Competencies - Advanced knowledge of MS Office and automation of templates.
- Well Organized, proactive and able to effectively prioritize and balance multiple efforts in a fast-paced, regulatory driven environment.
- Experience of Fund Accounting for Private Equity/Hedge Funds
- Willing to work European/APAC shift timings.
- Expert technical understanding of accounting & Private Equity concepts
- Must have good communication skills and know how to deal with international client.
- The individual must be collaborative, adaptable and must be a team player and should be willing to mentor other associates in the team.
- Strong experience in documenting processes and standard Operation Procedures
- Working Knowledge of Investran ledger will be desirable.
- Experience in creating workflows in Alteryx is a plus.
About Us CSC is a global business, legal, and financial services company based in Wilmington, Delaware, USA, providing knowledge-based solutions to clients worldwide. We have offices and capabilities in over 140 jurisdictions in the Americas, Europe, Asia Pacific, and the Middle East, and more than 8,000 colleagues. We are the business behind business. ®
CSC is committed to creating a diverse and growth-oriented environment where everyone is valued and respected. CSC offers challenging career opportunities and excellent benefits, including annual success-sharing bonuses or commission plans based on individual performance. To learn more, visit cscglobal.com/service/careers .
Visit our careers site to learn more about CSC and our commitment to our clients, communities, and each other.
Disclaimer: The information above describes the general nature and level of work performed by employees in this role. It is not intended to describe all duties, responsibilities, and qualifications . Organization At CSC®, we're always looking ahead, finding ways to improve and anticipate the future needs of our customers. Curiosity fuels our innovation and productivity drives our results. This proactive mindset has helped us adapt and create solutions that have enabled businesses to run smoother and smarter for more than 120 years.
CSC is committed to attracting, developing, and retaining talented people whose personal values align with ours. We empower our employees to bring the right solutions to market to meet customer demand. That is why we are the premier provider of global solutions for more than 180,000 businesses.
- CSC is a great place to work with smart and dedicated people. We have been voted a Top Workplace every year since 2006 and are a 2022 National Top Workplace.
- We offer challenging work and career opportunities. Most positions are filled with internal moves and employee referrals.
- Employees are eligible for an annual success sharing bonus or commission plans based on role and individual performance.
- CSC offers excellent benefits, including medical, dental, life insurance, and flexible spending and health savings accounts. We also offer you a 401(k) with employer match and profit-sharing, paid time off, tuition reimbursement, and more.
- Our global standard for our work environments supports current and future technology initiatives through open design, sit-stand workstations, and digital interface points with wireless access throughout the campus. It's an exciting time for us in terms of growth and expansion.
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