Fund Accountant - Real Asset Fund Accounting

We are looking for an experienced Fund Accountant Real Asset Fund Accounting to join our Fund Operations team in Mumbai. The role will be responsible for fund accounting and financial reporting activities for Real Estate / Real Asset Funds, with a strong focus on NAV calculation, financial statement preparation, property accounting, and SPV accounting.

The ideal candidate should have hands-on experience in Real Estate/Real Asset Fund Accounting, including property income and expense accounting, lease accounting, capital expenditure, NAV calculation, and consolidation of multiple SPVs.

Key Responsibilities

Real Asset / Real Estate Fund Accounting

• Perform end-to-end accounting activities for Real Estate / Real Asset Funds.
• Prepare and review Fund NAV calculations accurately and within defined SLAs.
• Account for property-related transactions, including:
• Property rental and other income recognition
• Lease accounting
• Property operating expenses
• Capital expenditure
• Accruals and prepayments
• Other property-level accounting transactions
• Review investment and asset valuations and ensure appropriate accounting treatment.
• Monitor and validate income, expenses, accruals, and other fund-level transactions.

Financial Reporting

• Prepare and review financial statements for Real Estate / Real Asset Funds.
• Prepare supporting schedules, reconciliations, and financial reporting packs.
• Ensure appropriate accounting treatment and accurate presentation of fund transactions.
• Assist with audit requirements and provide supporting information and documentation to auditors and stakeholders.
• Ensure reporting is completed within agreed timelines and quality standards.

SPV Accounting & Consolidation

• Perform accounting for multiple Special Purpose Vehicles (SPVs) held within fund structures.
• Prepare and review SPV financial information and reconciliations.
• Account for inter-company transactions and perform appropriate eliminations during consolidation.
• Support consolidation of multiple SPVs into fund-level financial reporting.
• Identify and resolve inter-company and reconciliation differences.

Operational & Control Responsibilities

• Ensure all internal and external SLAs, reporting timelines, and regulatory requirements are consistently met.
• Review transaction processing, asset setup and maintenance, pricing, and other fund accounting activities.
• Perform detailed reconciliations and investigate variances and exceptions.
• Maintain accurate process documentation and ensure procedures reflect current policies and regulatory requirements.
• Identify operational risks, control gaps, and process improvement opportunities and escalate them appropriately.
• Ensure operational controls are performed in accordance with established policies and procedures.
• Support internal and external audits, compliance reviews, and client inspections.
• Maintain a strong focus on accuracy, data integrity, and timely completion of deliverables.

Client & Stakeholder Management

• Develop and maintain effective working relationships with clients, investment managers, depositories, internal teams, and other key stakeholders.
• Respond to client and stakeholder queries promptly and professionally.
• Proactively identify and resolve operational issues and exceptions.
• Provide accurate information and reports to clients and stakeholders as required.
• Work closely with internal teams such as Client Services, Finance, Compliance, IT, Risk, and Operations.

Required Qualifications & Experience

• Qualified CA / ACCA.
• Minimum 2.6+ years of relevant experience in Real Asset / Real Estate Fund Accounting.
• Hands-on experience in Fund Accounting and NAV calculation is mandatory.
• Strong experience in Real Estate / Real Asset accounting, including property income, lease accounting, property expenses, and capital expenditure.
• Experience in SPV accounting and consolidation is highly desirable.
• Experience with inter-company transactions and eliminations.
• Previous exposure to Middle Office, Investment Operations, Asset Administration, or Trade Administration will be an advantage.
• Yardi experience will be an added advantage.
• IOC/IMC or other relevant investment/fund-related certification will be an advantage.

Skills & Competencies

• Strong understanding of Real Estate / Real Asset Fund Accounting.
• Excellent analytical and numerical skills with strong attention to detail.
• Strong understanding of NAV calculation and financial reporting.
• Good knowledge of accounting principles and fund structures.
• Excellent MS Excel skills and proficiency in MS Word, PowerPoint, and Outlook.
• Strong written and verbal communication skills.
• Ability to work independently and take ownership of responsibilities.
• Ability to work under pressure and meet strict deadlines without compromising accuracy.
• Strong problem-solving and reconciliation skills.
• Good stakeholder management and teamwork abilities.
• Willingness to work in rotational shifts, with shifts starting from 11:00 AM, as required by the global operating model.

Key Attributes

• Results-Oriented: Consistently delivers accurate and timely outputs within agreed SLAs.
• Detail-Oriented: Maintains high standards of accuracy in NAV, accounting, and financial reporting.
• Analytical: Able to investigate variances, identify root causes, and resolve complex accounting issues.
• Proactive: Identifies risks, process gaps, and improvement opportunities without waiting for instructions.
• Adaptable: Comfortable working in a dynamic, global, and deadline-driven environment.
• Collaborative: Works effectively with internal teams, clients, and external stakeholders.
• Accountable: Takes ownership of deliverables, quality, and overall impact on the team.

Preferred Candidate Profile

Candidates currently working in Real Estate Funds, Alternative Investment Funds, Fund Administration, Big 4, accounting firms, or financial services organizations with direct Real Asset / Real Estate Fund Accounting experience will be preferred.

Immediate to 30 days' notice period is preferred.

Location: Mumbai, Maharashtra Western Suburbs (Dadar to Mira Road) / Central Suburbs (Dadar to Ulhasnagar)