Fund Accountant

About the job

The Fund Accountant will be responsible for maintaining and managing the books of accounts for the fund. This role includes day-to-day accounting entries, NAV computation, financial reporting, compliance with fund documents, tax computation, and client interactions. The ideal candidate will have a strong background in accounting, experience with auditing or accounting firms, and proficiency in accounting software. The ideal candidate for the Team Lead role will have 3-5 years of experience, preferably in the BFSI sector. Roles & Responsibilities: Maintain Books of Accounts & Financial Statements Preparation: ∙ Oversee the accurate recording of financial transactions and ensure completeness of entries for Contributions, Expenses, Income, Investments, and Divestments. ∙ Prepare monthly financial statements, including Trial Balance, Balance Sheet, Profit & Loss statement, and Cash Flow statement. ∙ Make day-to-day entries for Contributions, Expenses, Income, Investments, and Divestments & manage Accrued Income and Accrued Expenses. NAV, Tax & XIRR Computation: ∙ Compute Net Asset Value (NAV) on a class-wise and investor-wise basis as per business rules. ∙ Perform tax computations including Tax Deducted at Source (TDS), Advance Tax, Withholding Tax, Service Tax, and Income Tax. ∙ Compute the Extended Internal Rate of Return (XIRR) for investment performance evaluation. Compliance: Ensure all accounting practices align with fund documents such as Private Placement Memorandum (PPM), Contribution Agreements, and regulatory guidelines. TDS & Distribution Management: Compute TDS and handle TDS return filing and calculate and allocate distributions as per fund policies. Client Interaction: Interact with clients to address inquiries and provide financial information. Education and Experience: ∙ Commerce/Finance graduate with at least 3 years of relevant experience or CA Inter (Fresher/Internship experience acceptable) ∙ Experience in an auditing or accounting firm, specifically in finalizing accounts. ∙ Hands-on knowledge of IGAAP.

Qualifications

• Commerce/Finance graduate
• CA Inter