Job Description: Fund Accountant & Bookkeeper
Positions - 2
Experience 23 years
MBA/CA-semi
Excellent Communication Skills
ERP - QuickBooks
CTC - 6 to 8 LPA
This role combines the specialized technical requirements of fund accounting with the foundational precision of full-cycle bookkeeping. The ideal candidate will manage the financial lifecycle of investment funds while maintaining the general ledger and ensuring regulatory compliance.
Job Summary
The Fund Accountant & Bookkeeper is responsible for the day-to-day accounting operations of various investment vehicles (such as Private Equity, Real Estate, or Mutual Funds). You will handle everything from basic data entry and bank reconciliations to the calculation of Net Asset Value (NAV) and the preparation of complex financial statements.
Key Responsibilities
1. Fund Accounting & NAV Production
- Calculate daily, weekly, or monthly Net Asset Value (NAV) by reflecting all income, expenses, and market value fluctuations.
- Process capital calls and distributions, ensuring accurate tracking of investor commitments.
- Maintain the investment sub-ledger and reconcile it with the custodian or prime broker records.
- Prepare periodic financial reports and partner capital statements.
2. Full-Cycle Bookkeeping
- Manage Accounts Payable (AP) and Accounts Receivable (AR), ensuring all fund-level expenses are coded correctly.
- Perform monthly bank and brokerage reconciliations.
- Maintain the General Ledger (GL), including recording journal entries for accruals, prepayments, and management fees.
- Manage payroll processing (if applicable to the management entity).
3. Compliance & Reporting
- Assist in the preparation of annual audit workpapers and coordinate with external auditors.
- Ensure compliance with GAAP or IFRS standards relevant to investment companies.
- Prepare data for tax filings (Schedule K-1s, Form 1065, etc.) and regulatory reporting (Form PF or SEC filings).
- Monitor fund liquidity and cash flow projections.
Required Qualifications & Skills
- Education Bachelor's degree in Accounting, Finance, or a related field.
- Experience 23 years in fund administration, public accounting, or corporate bookkeeping.
- Technical Skills Proficiency in QuickBooks, Xero, or specialized fund software (e.g., Investran, Allvue, or MRI).
- Software Advanced Microsoft Excel (VLOOKUPs, Pivot Tables, Macro knowledge is a plus).
- Attributes Exceptional attention to detail and the ability to meet strict NAV deadlines.
