Overview
Fund Financial Reporting – Hedge and Private equities – IFRS, US GAAP & Lux Gaap
Position: Consultant / Assistant Manager
Expectation: Minimum 1-5 years of working experience into financial reporting for global hedge funds and private equities along with Strong accounting basics and Knowledge on IFRs/ Ind AS and US GAAP requirements.
We expect the resource to be capable of comprehending the reporting requirements well and prepare/review the financial statements and handle audit support with minimal support and guidance.
Knowledge & Skills required:
– Strong analytical and communication skills.
– Good working knowledge on Alternative Investments Fund Industry
– Conceptual understanding of
– NAV and GAV Calculation,
– Income and expense allocations, PL allocations
– Calculating Capital Calls and Distributions.
– Calculating Quarterly Management and Incentive fees schedules along with High water Mark.
– Thorough understanding along with working knowledge of reporting requirements and preparation of each of the core statements of funds along with SOI and notes to accounts.
– Understanding of various FSLIs in the financials and components to it
– Knowledge of applicable disclosure requirements for hedge funds and Private equities under IFRS and US GAAP.
– Conceptual clarity on Private equity investments and Derivatives like Forwards, Futures, Options Contracts, Swaps, Swaption, etc.
Minimum relevant experience of 1-5 years into:
– Extensive experience in preparation and review of financial statements of Hedge Funds and Private equities – manually on excel without use of software.
– Experience in preparation of qualitative and quantitative notes for various disclosures in notes to accounts.
– Understanding of various FSLIs in the financials and components to it
– Experience in handling the preparation of SOI – understanding of the disclosure requirements and awareness of practice nuances in its preparation.
– PL allocations and Investor allocations
– Calculation of various rolls (CMV, URGL, Investment) and experience in variance resolution.
– Understanding and experience on topsides – common topsides and amortization requirements.
– Financial Highlights.
– Basic understanding of Investment Valuation techniques.
– Working knowledge on accounting for Derivatives like Forwards, Futures, Options Contracts, Swaps, Swaption, etc
– Monthly and quarterly management reporting and year end financial reporting including support on audit closure.
Fund Accounting – Hedge Funds & private Equity
Position: Consultant/AM
Expectation: Minimum 2 -5 years of working experience into Accounting for Hedge Funds/Private equities/Mutual funds along with accounting and conceptual knowledge of various derivatives.
Knowledge & Skills required:
– Good conceptual knowledge on Hedge funds/Private Equities.
– Booking Journal Entries for various transactions daily.
– Calculating Capital Calls and Distribution Allocations and preparing Unfunded Commitment.
– Calculating Quarterly Management fees schedules.
– Calculating Carry, accruing for expenses, analyzing Capital Contributions required for investments.
– Strong knowledge in Hedge Funds including Waterfall, High Water Marks, Incentive Fees, etc.
– Conceptual clarity on Derivatives like Forwards, Futures, Options Contracts, Swaps, Swaption, etc.
– Conceptual knowledge on Corporate actions, corresponding accounting treatment, cashflows and their impact on Strike Price.
Minimum relevant experience of 2 years into:
– Fund Accounting activities including but not limited to bookkeeping, NAV computation, investor reporting, Management fee calculations, incentive fee and performance fee calculation, Capital calls and Distribution notices, processing payments.
– Working knowledge on accounting for Derivatives like Forwards, Futures, Options Contracts, Swaps, Swaption, etc
– Preparing investor notices for capital calls and distributions.
– Onboarding new Funds
– PL review and validation and proposing adjustment entries as needed.
– Computation of Management fee, Incentive fees and IRR for each period to know the performance of the fund.
– Allocate Income and expenses gain or losses for each fund and analyses if any discrepancies.
– Booking necessary activities like subscription, redemptions, transfer etc. and Calculating Daily, Weekly & Month end NAV.
– Providing Exception reports to clients and higher management on daily, weekly, and monthly basis.
– Sending pricing statements and generating monthly net asset value (NAV) reports for clients, ensuring timely and accurate information is provided.
– Daily position reconciliation and booking trade accordingly, daily cash reconciliation, research and investigation of all identified discrepancies.
– Experience in market value reconciliation and derivative reconciliation.
– Prepare quarterly work papers including preparation of General Ledger, Income Statements, Balance Sheet, Schedule of Investments, Receivable and Payable Schedule, NAV Calculations and Waterfall preparations.