Fund Accountant

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