This role involves leading the fund accounting and financial reporting for an alternative investment platform that manages Category II and Category III Alternative Investment Funds (AIFs). The Head of Fund Accounting will ensure accurate and timely fund accounting, NAV computation, financial reporting, and regulatory compliance, coordinating with various stakeholders.
Responsibilities
Lead end-to-end fund accounting operations for Category II and Category III Alternative Investment Funds
Oversee accurate and timely NAV computation, capital accounting, investor allocations, and fund-level financial statements
Review accounting of investments, income, expenses, management fees, carried interest, performance fees, and other fund-level transactions
Ensure appropriate accounting treatment for various asset classes and complex investment structures
Establish robust controls and review mechanisms around fund accounting and NAV processes
Oversee preparation and review of periodic financial statements, MIS, fund reports, and investor reporting
Ensure compliance with applicable SEBI AIF regulations, accounting standards, taxation requirements, and other regulatory requirements
Coordinate with statutory auditors, tax advisors, fund administrators, trustees, custodians, and regulatory stakeholders
Drive timely completion of audits and ensure closure of audit observations
Oversee investor capital calls, distributions, subscriptions, redemptions, transfers, and investor-wise accounting
Ensure accurate allocation of fund income, expenses, gains/losses, and other transactions among investors
Review portfolio valuation and ensure appropriate accounting treatment for investments and valuation adjustments
Support investor reporting and respond to accounting-related investor queries
Manage and review the performance of third-party fund administrators/service providers, where applicable
Establish SLAs, review processes, reconciliation frameworks, and quality controls with external administrators
Coordinate closely with investment, operations, treasury, tax, legal, compliance, and investor relations teams
Act as the key finance and accounting point of contact for fund-related matters
Build and strengthen the fund accounting function, processes, systems, and internal controls
Lead, mentor, and develop the fund accounting team
Identify opportunities for automation and process improvement across accounting, reconciliation, reporting, and NAV processes
Ensure strong governance, documentation, maker-checker controls, and operational risk management
Requirements
Chartered Accountant (CA) qualification is mandatory
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15+ years of overall experience, with substantial relevant experience in fund accounting
Strong experience in Alternative Investment Funds, particularly Category II and Category III AIFs
Deep understanding of fund accounting, NAV computation, investor accounting, portfolio valuation, and fund financial reporting
Experience managing complex fund structures and investment accounting
Strong understanding of SEBI AIF regulations and applicable accounting standards
Experience in managing internal teams and/or external fund administrators
Strong stakeholder management skills with the ability to work with auditors, trustees, custodians, administrators, investors, and senior management
Strong analytical, review, control, and problem-solving capabilities
Preferred Background:
Candidates from AIFs, private equity funds, venture capital funds, asset management companies, fund administration firms, Big 4 advisory firms, or financial services organisations with significant alternative fund accounting exposure
Important Details
Key Competencies: Alternative Fund Accounting, Cat II & Cat III AIF Accounting, NAV Computation, Portfolio & Investment Accounting, Investor Accounting, Fund Financial Reporting, Valuation & Reconciliation, Regulatory & Statutory Compliance, Audit & Tax Coordination, Fund Administration, Process & Controls, Team Leadership, Stakeholder Management
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