Fund Accounting and compliances @ Future Solution Centre

Job Description

Job Description Fund Accounting and Compliance Specialist Role Summary: The Fund Accounting and Compliance role within an Alternative Investment Fund is a multifaceted position that combines financial expertise with regulatory compliance responsibilities. The primary objective of this role is to ensure accurate and timely financial reporting, fund performance analysis, and compliance with relevant regulations, policies, and procedures. The role requires a strong understanding of accounting principles, investment fund operations, and regulatory requirements specific to the alternative investment industry. Responsibilities: 1. Fund Accounting: a. Perform day-to-day accounting activities, including recording investment transactions, reconciling cash and portfolio positions, and calculating fund performance metrics. b. Prepare and review financial statements, investor reports, and other related documents for accuracy and compliance with accounting standards (e.g., GAAP or. IFRS). c. Collaborate with external service providers, such as tax consultants, valuation agencies, bankers and auditors, to ensure accurate and timely completion of fund accounting tasks. d. Assist in the preparation of annual budgets and periodic forecasts for the fund's financial performance. e. Managing banking transactions and treasury investments of the Alternative investment funds. f. Managing accounting (including payroll and vendor payments) for the investment manager entities of the group. 2. Compliance Management: a. Stay updated on applicable regulatory requirements, industry guidelines, and best practices relevant to alternative investment funds. b. Develop and maintain internal compliance policies and procedures to ensure adherence to regulations and industry standards. c. Conduct periodic compliance reviews and assessments to identify and mitigate any potential risks or non-compliance issues. d. Assist in the preparation of regulatory filings, including Form INVI, Form FLA, and SEBI Filing other required disclosures. e. Collaborate with tax advisors, legal counsels and external compliance consultants to address compliance-related matters and inquiries. 3. Investor Relations: a. Respond to investor inquiries regarding fund performance, financial statements, and compliance-related matters. b. Prepare investor communications and reports, ensuring accuracy, transparency, and compliance with investor agreements and disclosure requirements. c. Support the investor onboarding process, including due diligence reviews, KYC (Know Your Customer) procedures, and subscription document processing. 4. Audit and Financial Controls: a. Assist in coordinating external audits and internal control assessments, providing necessary documentation and support. b. Review and reconcile fund expenses, fees, and revenue allocations to ensure accuracy and proper allocation methodology. c. Implement and maintain effective financial controls and procedures to safeguard fund assets and ensure data integrity. Qualifications and skills: a. Bachelor's degree in accounting, finance, or a related field. Professional certifications such as CA or CWA are advantageous. b. Solid understanding of accounting principles and financial statement analysis. c. Knowledge of alternative investment fund structures, investment strategies, and related accounting practices. d. Familiarity with regulatory frameworks and compliance requirements for alternative investment funds, such as SEBI regulations, RBI regulations and industry guidelines (e.g., IPVEC Guidelines). e. Strong analytical skills and attention to detail, with the ability to interpret complex financial data and regulatory guidelines. f. Proficiency in financial software and tools, such as Tally, fund accounting systems, Microsoft Applications (Excel, Word, Outlook, Power Point), and tax filing software. g. Excellent communication and interpersonal skills, with the ability to effectively collaborate with internal teams, external service providers, and investors. h. Ability to work in a fast-paced environment, prioritize tasks, and meet deadlines. i. Strong ethical standards and integrity in handling confidential financial and investor information

Employement Category:

Employement Type: Full time
Industry: Others
Role Category: Finance / Accounts / TaxAudit
Functional Area: Not Applicable
Role/Responsibilies: Fund Accounting and compliances

+ View Contact

Keyskills:   Accounting Regulatory compliance Financial reporting Regulatory requirements GAAP IFRS Budgeting Compliance management Regulatory filings Investor relations Audit Financial statement analysis SEBI regulations Analytical skills Tally Microsoft Applications Communication skills Interpersonal skills Integrity Financial expertise Fund performance analysis Investment fund operations Accounting principles Banking transactions Treasury investments Financial controls Alternative investment fund structures RBI regulations IPVEC Guidelines Attention to detail Interpretation of financial data Proficiency in financial software Tax filing software Prioritization Deadline management Ethical standards