Accountant 2, Fund Accounting

IQ-EQ

1d•Hybrid

About The Position

This role is within the Client Services department in India, focusing on providing timely and high-quality service to leading private equity and funds clients. The Accountant will concentrate on preparing core processes, handling less complex ad hoc work, and meeting minimal client requirements. A key aspect of the role involves self-review to gain insights into strengths and areas for development. Responsibilities include preparing Net Asset Value (NAV) and financial statements for private equity funds, which involves recording journal entries, processing payments, and preparing investor notices and client reports. The role also entails preparing capital call and distribution workings, assisting with fund conversions to Investran, and onboarding new funds onto accounting platforms like Investran and Paxus. This includes supporting all reporting requirements such as financial statements, working papers, management accounts, partner statements, and ad-hoc client deliverables, all while adhering to IQ-EQ India Global Client Delivery's policies and procedures.

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 the 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.