Senior Associate, Funds
Location: Bangalore
Department: Fund Services
Vacancy Type: Permanent
Work Timings: UK Shift
Work Mode: Hybrid
Key Responsibilities
Fund Accounting & Financial Operations
- Perform and/or review accounting activities for Luxembourg real estate fund structures (e.g. RAIF, SIF, SICAV/SICAF, SCSp).
- Maintain accurate fund books and records in accordance with Lux GAAP and/or IFRS.
- Calculate and review NAVs, capital accounts, management fees, performance fees, and other fund-level calculations.
- Account for real estate-specific transactions including property acquisitions and disposals, rental income, development costs, and SPV-level activities.
- Review Property Manager reporting packs, including rental income, operating expenses, accruals, and cash flow statements; investigate variances and ensure proper reflection in fund and SPV accounts.
- Perform and/or review consolidation of SPVs and sub-funds at fund level, including elimination of intercompany balances and transactions.
- Support preparation and review of consolidated financial information for internal reporting, investor reporting, and statutory financial statements.
Investor Services & Capital Activity
- Calculate and review performance fees / carried interest, including complex waterfall and hurdle rate calculations.
- Prepare and process investor distributions, ensuring compliance with fund documentation.
- Prepare PCAPs (Payment & Capital Account Statements) and investor notices.
- Support capital calls, investor subscriptions, redemptions, and transfers.
- Ensure accurate investor allocations and maintenance of investor registers.
Audit Assistance & Financial Close
- Act as a key coordinator for the annual audit process, ensuring audits are completed accurately and within agreed timelines.
- Prepare and review audit deliverables, including financial statements, supporting schedules, and audit evidence.
- Liaise with external auditors, administrators, valuers, and internal stakeholders to resolve audit queries efficiently.
- Monitor audit timelines, track open points, and ensure timely closure of audit issues.
- Support implementation of audit recommendations and improvements to controls.
Cross-Department & Stakeholder Coordination
- Liaise closely with AML/KYC, Transfer Agency (TA), Legal & Company Secretariat, Fund Administration, and Operations teams to ensure timely execution of investor and fund transactions.
- Coordinate approvals, documentation, and validations required to execute transactions.
- Act as a key point of contact for fund administrators, depositaries, auditors, valuers, tax advisors, and property managers.
- Support fund launches, new investor onboarding, and fund restructurings.
Reporting & Compliance
- Prepare and review investor reporting, capital account statements, and responses to investor queries.
- Assist in preparation and review of annual and interim financial statements and coordination of the audit process.
- Ensure compliance with AIFMD, CSSF, and Luxembourg regulatory requirements.
- Support regulatory and ad-hoc reporting requirements.
Process Improvement & Team Support
- Identify opportunities to enhance fund accounting and investor services processes and internal controls.
- Review work prepared by junior team members and provide technical guidance.
- Participate in system enhancements and automation initiatives.
Your Profile:
- Qualified Chartered Accountant with relevant experience of 1-2 years.
- Willing to work in fast paced dynamic industry
- Positive attitude, team player, pro-active and ready to accept challenges
- Excellent verbal and written communication skills