Associate – Finance & Accounts

Associate (Finance and Accounts) - Bengaluru

Job Summary

Our client is a leading PE firm, looking to hire qualified Chartered Accountants with 1-1.5 years of experience post-qualification for the role of Associate (Finance and Accounts) for its Bangalore office. The role involves working closely with internal teams and fund administrators on investor reporting, capital activities, and regulatory compliance, while ensuring adherence to GAAP/IFRS standards.

About the Company:

The company is a leading PE firm, providing equity financing for fast-growing, small to medium sized companies led by strong entrepreneurs and management teams in India. The company focuses on investments in the sectors of financial services, food and agriculture, and infrastructure ancillaries, with the objective of earning superior long-term returns that will benefit from the rapid growth of the Indian economy.

Roles and Responsibilities of the selected candidate:

• Accounting of funds and the investment manager. The candidate should be conversant with the accounting standards, India GAAP, IFRS, and US GAAP.
• Prepare monthly accounts of the manager.
• Assist in the preparation of the monthly cash flow budget vs. actual comparison.
• Ensure timely payment of tax (direct and indirect) and timely filing of tax returns (quarterly and annual) of all funds and the investment manager.
• Ensure bi-monthly reimbursement of expenses and quarterly collection of management fees from funds to the investment manager.
• Coordinate with administrators of funds (offshore and onshore) regularly for fund-related activities.
• Prepare capital call workings and distribution workings and investor communication documents for capital call and distribution.
• Prepare unit capital statements, tax estimates, and capital account summaries of the funds' investors on a quarterly basis.
• Prepare annual capital account statements and provide information for K-1s annually
• Work with the members of the investment team and the marketing team for quarterly/periodic investor reports for all funds.
• Work with different teams to provide assistance with data compilation for fundraising.
• Assist in quarterly valuations of portfolio companies and provide valuation back-ups for audit.
• Assist in the timely completion of the audit of all funds and the investment manager.
• Assist in the compilation of information pertaining to Fund and Investment IRRs.
• Assist in the preparation of quarterly and annual reports for a few specific investors about portfolio companies and their compliances.
• Assist in various regulatory compliances – SEBI quarterly reports, review of RBI monthly report, taxation, and Corporate compliances
• The candidate should possess good knowledge of Excel and Word.
• The candidate should be a team player and self-starter and possess good communication skills.

Key Requirements:

• Qualified CA with 1-1.5 years of experience post-qualification.
• Good work experience during an articleship, preferably in a Big 4 or a leading consulting firm.
• Experience with PE firms is a big plus.
• Possess good communication skills.
• The candidate should be a team player, a self-starter with hunger to grow.

Work Schedule: Mon - Fri

Contact Details: For more details on this vacancy, contact Ayush at jobs@hiregenie.in

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