Manager/AVP of Fund Accounting

Overview

This role is part of the fund services division, specifically serving Global Hedge Fund, Private Equity, and Debt Fund clients. The position involves managing complex fund structures incorporating multiple asset classes across different jurisdictions while delivering specialized accounting services.

Key Responsibilities

• Understand and manage fund structures such as private equity and debt fund designs and hierarchies including special purpose vehicles, standalone funds, master-feeder funds, and the specific function of each entity within these structures.
• Have comprehensive knowledge of investor classes including General Partner (GP), carry class, affiliated and non-affiliated classes.
• Monitor and account for investor commitments including initial, subsequent, and late closings.
• Manage capital transactions including subscriptions, redemptions, transfers, and switches; prepare call and distribution notices, wiring instructions, and associated schedule documentation; oversee master-feeder capital transactions.
• Record and finalize both trading and non-trading transactions and ensure accuracy of books of accounts.
• Prepare monthly and quarterly Net Asset Value (NAV) workbooks, execute economic allocations, and apply P&L rebalancing; utilize European and American waterfall methodologies.
• Calculate management fees accurately over various time periods; compute preferred returns and carried interest.
• Analyze financial metrics such as Internal Rate of Return (IRR), Time Weighted Return, and Investment Multiple ratios.
• Manage investor, fund-level, and optionally ILPA reporting responsibilities.
• Engage directly with clients to resolve accounting and operational queries.
• Handle operations and accounting related to bank debt, Total Return Swaps (TRS), Mortgage-Backed Securities (MBS), and Collateralized Loan Obligations (CLO) instruments.

Candidate Profile

• Master’s degree in Finance & Accounting or qualification as a Chartered Accountant preferred.
• Minimum 5 years of experience within Financial Services or Capital Markets sectors, with a background in Private Equity or Financial Reporting.
• Experienced working in multinational environments across country lines, preferably within matrix organizational structures.
• Proven track record in leading organizational change initiatives in fast-paced settings.
• Ability to thrive in a dynamic industry with a proactive, positive attitude and strong teamwork skills.
• Excellent command of verbal and written communication.