Job Description
|
1. Contract Duration
|
1 year
|
|
2. Location
|
Mumbai
|
|
3. Shift Time
|
05:30pm to 02:30am ( daylight savings 06:30pm to 03:30am) IST
|
|
4. Years of experience required
|
5 to 7 years
|
|
5. Must to have skills
|
1. Investor Service, Mutual Fund, Hedge Fund, Capital Statement.
2. Portfolio Service background.
3. Operations – Back Office role
4. Not from Indian Retail Bank.
|
|
6. Good to have skills
|
1. Tools – Investran
2. Excel (v-loop up, pivot )
|
|
7. WFO/Hybrid
|
3 days WFO
|
|
8. Laptop (Yes/No for WFH)
|
Yes
|
|
9. Acceptable Notice Period
|
30 to 60 days
|
|
10. Mode of interview
|
Round 1 - In person | Round 2 - on zoom
|
The individual in this position will be responsible for operational and portfolio management support activities for private equity funds managed by the Teams, including fund of funds, co-investment, and separate account vehicles.
Responsibilities in this position will result in detailed knowledge of accounting and operations for the Teams portfolios, including investments in private equity funds, real estate funds, secondary investments, and co-investments as well as derivative investments, such as options and forward currency contracts.
This position will also involve developing and maintaining external relationships with business stakeholders and third-party service providers to ensure proper support for the investment vehicles
This position would require the individual to work closely with the local teams in India as well as the West Conshohocken team in the US, also liaise, and interact with various fund houses and their administrators.
Actively monitoring critical investment and investor activity for multiple portfolios and custodian banks, ensuring proper settlement of transactions; developing significant level of expertise of the holdings, terms and transactions of multiple portfolios to provide intuitive and proactive oversight of these portfolios
Overseeing third party service providers in posting activity to the portfolios; general ledger and maintaining portfolio activity in AIS’s parallel portfolio accounting system.
Reconciling transactions, valuations, management fees, carried interest calculations, P&L components, and other activity between Investran and the third party service provider's records on a monthly/quarterly basis to ensure accuracy
Verifying accuracy of investor capital account balances, NAV allocations, and capital activity on a monthly/quarterly basis
Validation of investor level capital call and distribution allocation calculations
Understanding and interpreting underlying fund investment financial statements for the purpose of preparing and/or calculating their respective fair valuation amounts, which includes documentation based on various sources of investment information and detailed reviews of financial statements and quarterly reports for regular internal fair valuation committee meeting approval
Generating cash projections, fund capacity calculations and investor capital calls/distribution calculations for the these portfolios
Providing support for product, regulatory, and other audits; assisting with review of offering documents for new products and supporting other areas of product development, as needed
Working effectively with third party service providers and internal parties to ensure a high level of service for the products; raising service issues in an appropriate manner and following up on issues to resolution; creating or enhancing processes to improve efficiency
Quarterly compliance reporting and highlighting instances with potential noncompliance with the products governing documents
Signing-off on net asset value and performance based information on a monthly/quarterly basis; providing regular daily support and responding to numerous ad-hoc requests from investment management, investors and other internal and external stakeholders
Performing other related functions or responsibilities as needed or assigned
Involvement in projects related to the job function and liaising with IT on automation projects
Skills required
Bachelors degree, or equivalent, in Accounting, Finance, or related business field
A minimum of three to five years of investment accounting experience
Prior experience in private equity/real estate or private equity/real estate fund of funds investment accounting is preferred but not required. Knowledge of hedge fund accounting and/or derivatives, or experience with Investran, is a plus.
Strong organizational and analytical skills, ability to effectively summarize findings, both verbally and in writing, in a clear and concise manner
Demonstrate ability to work effectively in a team-oriented environment and flexible to adapt to changing needs and requirements
Detail-oriented and highly motivated
Ability to work effectively with minimal supervision
Role is Hybrid and will require in office attendance 3 days/week
