Fund Accounting Lead Job in Indus Valley Partners

Fund Accounting Lead | Private Credit | NAV Calculation | Accounting & Financial Reporting | Noida

Location: Noida, Uttar Pradesh, India

Position: Fund Accounting Lead - Private Credit & Hedge Funds

Department: Accounting MS

Years of Experience: 6 to 12 years

Open Positions: 1

Job Description:

We are seeking an experienced Fund Accounting Lead to manage and oversee the accounting functions for private credit investments and hedge funds in Noida. In this leadership role, you will supervise a team of accountants, ensure timely and accurate financial reporting, and maintain compliance with industry standards and regulations. You will also play a key role in process improvements, risk management, and stakeholder communication.

Key Responsibilities:

Leadership & Supervision:

• Lead, mentor, and manage a team of accountants specializing in private credit accounting.
• Allocate tasks effectively, monitor team workload, and ensure timely completion of deliverables.
• Conduct performance reviews and provide constructive feedback to team members.

Accounting & Financial Reporting:

• Oversee the preparation and review of financial statements and reports related to private credit investments.
• Ensure accurate accounting treatment for complex instruments such as debt structures, derivatives, and securitized products.
• Implement and maintain strong internal controls to ensure compliance with accounting standards like GAAP and IFRS, as well as regulatory requirements.
• Review fund expense allocations, income accruals, and investment valuations for accuracy.

Process Improvement:

• Identify and implement process enhancements to streamline accounting operations and improve efficiency.
• Develop and maintain robust internal controls to ensure data integrity and compliance.
• Drive the implementation of improvements for accuracy and operational performance.

Compliance & Risk Management:

• Ensure adherence to internal controls, policies, and procedures related to private credit accounting.
• Support internal and external audits, providing necessary documentation and explanations.
• Ensure proper risk management practices are in place for the accounting team.

Stakeholder Communication:

• Serve as the primary point of contact for private credit accounting-related inquiries from both internal and external stakeholders.
• Prepare and present financial reports to senior management, investors, and clients.

Core Activities:

• Prepare monthly financial reporting packages for Hedge Funds, including the determination of Net Asset Value (NAV), and preparing Statements of Asset and Liabilities and Profit and Loss Statements.
• Perform daily reconciliation of accounts between Geneva and Custodian/Prime Broker.
• Accurately accrue fund income and expenses, including management fees, performance fees, and other relevant charges, in line with applicable accounting standards.
• Ensure accurate and timely processing of capital activities, including subscriptions, redemptions, transfers, rollups, capital commitments, and calls.
• Prepare Investor and Client Reports, including Audit confirmations, Trade confirmations, etc.
• Assist with New Client Onboarding and the implementation of new fund structures.

Required Skills and Experience:

• 6+ years of experience in fund accounting, specifically within private credit or hedge funds.
• Strong understanding of NAV calculation, investment valuations, and accounting standards (GAAP, IFRS).
• Extensive experience in financial reporting and regulatory filings related to private credit investments.
• Proven experience in accounting systems (e.g., Geneva) and managing complex financial transactions.
• Excellent knowledge of internal controls, compliance, and risk management in fund accounting.
• Strong leadership skills, with the ability to mentor and develop a team of accountants.
• Effective communication skills for presenting financial reports and interacting with stakeholders.
• Experience with audit support and managing client inquiries related to fund accounting.

Preferred Skills:

• Prior experience in private equity or hedge fund accounting.
• Experience with client onboarding and the implementation of accounting systems and processes.
• Familiarity with performance fee and management fee calculations in the context of private credit funds.