Accountant 1, Fund Accounting

IQ-EQ

20h • Hybrid

About The Position

The Accountant 1, Fund Accounting role is within the Client Services department in India. The primary objective is to provide timely and high-quality service and deliverables to leading private equity and funds clients under the guidance of supervisors. This role focuses on the preparation of core processes, handling less complex ad hoc work, and meeting minimal client requirements. The position involves self-review of core processes to identify strengths and areas for development. Key responsibilities include the preparation and completion of Net Asset Value (NAV) and Financials for private equity funds, which encompasses recording journal entries, preparing monthly/quarterly/annual financials, processing payments, preparing investor notices, and various client reporting. Additionally, the role is responsible for preparing capital call and distribution workings, along with associated notices and releases to investors. The Accountant 1 will also assist in converting Private Equity Funds from other accounting applications to Investran and onboarding new Private Equity Funds onto the accounting platform (Investran, Paxus). This includes supporting all reporting requirements such as financial statements, working papers/management accounts, partner statements, and ad-hoc client deliverables. The role requires adherence to IQ-EQ India Global Client Delivery's policies and procedures for all accounting and administration processes.

Requirements

• Graduate of accounting or any business-related course with 2+ years relevant accounting experience.
• Fundamental knowledge of IndAS, IFRS and GAAPs of different jurisdictions (US, UK, and Lux).
• Preparation of Financial Statements using applicable laws and regulations.
• Fluency in English and an additional foreign language.
• Knowledgeable in the preparation of working paper files, financial statements with disclosures and other financial information.
• Operational experience in fund accounting services, preferably in handling private equity.
• Intermediate Excel skills such as pivot tables, lookup, “if” and other similar functions.
• Experience in e-mail, word processing and video conferencing applications such as Microsoft Office.
• Effective written and verbal intermediate communication skills.
• Experience in using accounting software (Investran/Paxus software).

Nice To Haves

• Desire to complete Certified Public Accountant qualification, if applicable.
• Experience working in Financial Services or Shared Services office environment.
• Experience working in a multinational office environment.
• Open to travel and other secondment opportunities abroad.
• University Degree in Accountancy and other accounting-related courses.

Responsibilities

• Responsible for the preparation of Financial Statements with Disclosures, NAV reporting and other ad-hoc service requests for funds and/or corporate clients.
• Ensure all deliverables are timely and accurate.
• Acquire knowledge of designated clients' requirements and deliverables.
• Ensure compliance by following procedures and checklists following SSAE and other similar statutory requirements.
• Proactively seek adequate training, feedback, and support in both technical and non-technical aspects of the role.
• Guide new peers and/or junior members of the team on client specifics and other deliverables (Technical).
• Acquire knowledge and understanding of clients’ agreements, Scope of Work (SOW), SLA’s and other necessary information needed to prepare deliverables.
• Ensure complete information, data, supporting documents, etc. are received for the preparation of the needed requirements.
• Acknowledge or escalate the completeness of the information, data, supporting documents, etc. to the Senior Accountant.
• Deliver consistent and quality information within the agreed timeframes.
• Prepare, complete, and ensure the quality of the assigned clients’ deliverables within the agreed timelines.
• Be knowledgeable with the components of the reports generated by the appropriate platform/s.
• Be able to review outputs and all other deliverables prepared.
• Address review comments.
• Take ownership, prepare, and reply to cluster/Client/Investor’s queries within 24 hours.
• Escalate any job-related issues and concerns to the appropriate authorities in a timely manner.
• Provide support to the rest of the team and other teams, as needed.
• Act as an alternate for Senior Accountants or Assistant Managers based on business needs.
• Responsible for consolidating queries, requirements, and comments from the client.
• Research and validate the team's interpretation of the requirements, when needed, to the technical team.
• Ensure timesheets are completed daily and accurately filed for all hours worked.
• Set up, monitor, update, and close all deliverables via the workflow planner.
• Understand and use best practice on accounting platform/s.
• Understand and become knowledgeable on how to generate reports using reporting platform/s.
• Ensure relevant procedures, checklists, and SSAE requirements are adhered to and completed to mitigate errors.
• Report any breaches, complaints, or errors to appropriate authorities in a timely manner.
• Assist in the preparation of error reports, identify areas of operational risk, and participate in proposing appropriate remedial actions within 24 hours of identifying the error.
• Undertake any additional tasks and/or responsibilities as part of their professional development which may or may not be related to their specific function.
• Escalate any other work-related issues and concerns to the appropriate authorities in a timely manner.

Benefits

• Hybrid working approach supports employees in achieving balance and flexibility while remaining connected to their colleagues.
• Learning and development programmes and systems (including PowerU and MyCampus) enable us to invest in growing our employees’ careers.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree