Job Description

Client Fund Services (“FS”)



Job Description




Job Title: Financial Reporting – Associate


Reporting to: Financial Reporting Manager, Mumbai


Location: Mumbai, India.



Client Fund Services (“FS”) is a leading provider of third party hedge fund services with offices in New York, London, Dublin, Hong Kong, Glasgow and Mumbai and has approx. 700 employees in India.


FS is a wholly owned subsidiary of Client. The parent company, Client, has obtained Financial Holding Company status in the United States. Subsidiaries of Client are subject to the supervision and regulations of the Federal Reserve Bank. FS is an independent legal and business venture within Client. It provides services on a stand-alone basis, independently from other Client affiliates.


The services offered by FS include:


§ Accounting support including financial reporting

§ Investor Services

§ Tax Services

§ Middle Office support

§ Analytics

§ Corporate Secretary Services

§ StratumSM, investor transparency reporting.


Job Purpose


The Financial Reporting team is responsible for the delivery of financial statements to our hedge fund clients. The global team is based in Mumbai and Glasgow. The Associate will report to the Financial Reporting Manager, and will assist in the preparation of financial statements of hedge funds under US GAAP, UK GAAP and IFRS. The Associate will be a member of an existing team and will work with the team in providing timely deliverables, for the interim and year-end audits.


The position requires strong knowledge in preparing financial statement of investment companies per US GAAP/IFRS, accounting skills and good knowledge of securities and derivative products.




Principal Responsibility:

· Work efficiently with financial reporting team to support them in timely delivery of financial statements to the Hedge Fund clients of FS, which will comply with US GAAP/ IFRS, for both annual audits, and interim reports.


o Preparing financials from supporting documents.

o Preparing Condensed Schedule of Investments (CSoI)

o Preparing Statement of Cash Flows

o Assisting auditors and ensuring the smooth audit of the financial statements by providing valid backup data for every figure presented in the financial statements

o Analytical and Interpretational skills


· Team responsibilities include:


o Good communication skills.

o Ensure the financial statements are provided within the deadlines .

o Follow internal control policies and procedures.


Personal Attributes


The successful candidate is likely to possess the following attributes:-




Qualifications · Bachelor’s Degree in Accounting. · Fully completed Accounting qualification/certification e.g. CA, ACCA, CIMA or equivalent.

Experience · Freshers or 0 to 2 years PQE in auditing or financial reporting is preferable. Experience in Public accounting or Hedge Fund Administration is a distinct advantage.

Skill and Abilities · Ability to draw financials of investment companies per US GAAP/IFRS · Ability to multi-task; · Accuracy and efficiency in tasks performed; · Client focused, with the ability to work under pressure and meet deadlines; · Ability to communicate effectively across cultures; · Ability to identify issues and escalate in time; · Flexible approach to duties and hours of work.