Title Fund Accounting – Hedge Fund (2+ yrs)
Location Bangalore
Job Information

Top investment bank is looking for Chartered Accountant who has experience in Fund Accounting for Hedge Fund, Primarily responsible for all aspects of day-to-day accounting for a number of assigned Hedge Funds and liaising in a professional manner with the designated Hedge Fund Accountant in the relevant location (Dublin/Toronto/Cayman/Singapore). Identify exceptions and problems affecting accounting records and prices, communicating same to the Fund Accountant, and assisting in their resolution. Ensure completion of accurate Net Asset Value (NAV) of a fund to strict deadlines. This position offers the successful candidate the opportunity to broaden their knowledge of complex hedge fund structures operating in a dynamic, deadline sensitive environment.

RESPONSIBILITIES

- maintain primary portfolio, accounting and taxation records for a variety of onshore and offshore hedge fund partnerships and corporations, trading in all types of investment securities and products

- calculate monthly Net Asset Valuations for the purpose of reporting to investors and processing of investor subscription and withdrawal activity

- allocate gains and losses amongst investors and calculate and accrue management and performance fees payable to hedge fund managers

- prepare tax lot accounting reports and schedules and assist in preparation of annual financial statements and taxation returns

- prepare fund performance reports including annual summaries and weekly return estimates

- prepare ad hoc portfolio, performance and fee reports as requested by the Hedge Fund Accountant in the relevant location

- daily liaison with the Hedge Fund Accountant in relevant location

- maintain primary accounting records for hedge fund management companies

SKILLS / EXPERIENCE

- qualified accountant (or relevant professional qualification)

- experience with portfolio accounting systems, preferably Advent Geneva Product

- detailed understanding of how to account for, value and service all types of investment products including derivatives, swaps, options, futures and forwards

- Ideally have some hedge fund industry experience including familiarity with performance fee structures, tax allocation methodologies, hot issue allocations and management company record keeping

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