Role Overview

The role is responsible for end-to-end fund accounting and NAV oversight for AIF Category II (GIFT/IFSC funds). This position ensures accurate NAV calculation, compliance with IFSCA/SEBI regulations, strong client communication, and smooth day-to-day service delivery. The role also includes team leadership, process improvement, audit support, and participation in automation and migration initiatives.

Key Responsibilities

Fund Accounting & NAV Management

• Plan, schedule, and manage daily workflows for all client deliverables within the team.
• Review, prepare, and reconcile Daily / Monthly / Quarterly NAVs for AIF Category II funds.
• Finalize Month-end NAVs and prepare Investor-Level Allocation Reports.
• Ensure accurate performance fee and management fee calculations, including:
  • Series accounting
  • Equalization accounting
  • Waterfall model calculations
• Oversee and review:
  • Daily journal entries
  • Management fee calculations
  • Investment valuation
  • Financial and investor reporting
  • Ad-hoc client reporting

Valuation & Pricing Oversight

• Review and analyze portfolio pricing in accordance with IFSCA / SEBI valuation guidelines.
• Investigate and resolve pricing exceptions, ensuring proper documentation and approval.
• Ensure accurate valuation of:
  • Listed & unlisted equity
  • Derivatives
  • Debt instruments, bonds, and debentures

Fees, Accruals & Capital Activities

• Accrue and amortize non-security-related fees (daily/monthly), including:
  • Management fees
  • Financing and other operational accruals
• Review and book capital activities such as:
  • Capital calls
  • Distributions
  • Transfers

Compliance & Regulatory Support

• Ensure compliance with IFSCA / SEBI regulations, particularly for close-ended AIF funds.
• Support preparation, review, and completion of regulatory filings as per IFSCA guidelines.
• Ensure adherence to all daily, weekly, monthly, and quarterly SLAs.
• Create and maintain detailed process checklists to ensure accuracy, completeness, and timeliness.

Client & Stakeholder Communication

• Act as a primary point of contact for clients on:
  • Daily estimates and NAVs
  • Queries and escalations
  • Reporting discussions
• Build trusted client relationships through clear, timely, and professional communication.

Audit, Projects & Process Improvement

• Provide active support during fund audits, including preparation of financial statements.
• Partner with operations and technology teams on:
  • Automation initiatives
  • Work migrations
  • System conversions and enhancements
• Drive continuous process improvement and operational excellence.

People & Team Management

• Manage, mentor, and develop team members.
• Conduct performance appraisals and provide structured feedback.
• Support people growth, skill development, and succession planning.
• Be willing to work additional hours during critical reporting cycles.

Required Skills & Qualifications

Technical & Domain Expertise

• Strong experience in AIF Category II structures and GIFT City / IFSC funds.
• In-depth understanding of:
  • Fund accounting
  • General ledger accounting
  • NAV processes
• Expertise in valuation of diverse asset classes per SEBI / IFSCA guidelines.
• Strong knowledge of performance fee, management fee, equalization, and waterfall calculations.

Tools & Systems

• Hands-on experience or familiarity with Efront / Allvue / Paxus (strong advantage).
• Advanced proficiency in MS Excel (complex formulas, models, reconciliations).

Education

• M.Com / CA / MBA (Finance) / CFA

Soft Skills

• Excellent analytical and problem-solving skills with strong attention to detail.
• Strong organizational and time management capabilities.
• Excellent verbal and written communication skills due to direct client interaction.
• Ability to manage multiple priorities in a deadline-driven environment.