Fund Accountant - Real Asset Fund Accounting

We are seeking a Semi-Qualified CA / CMA / MBA professional with strong hands-on experience in Real Asset / Real Estate Fund Accounting to join our Fund Operations team in Mumbai.

The role will involve managing fund accounting activities, NAV calculations, financial statement preparation, property-level accounting, and SPV accounting and consolidation. The successful candidate will work closely with internal teams, clients, investment managers, and other stakeholders to ensure accurate and timely delivery of fund accounting activities.

Key Responsibilities

Real Estate / Real Asset Fund Accounting

• Manage day-to-day accounting activities for Real Estate / Real Asset Funds.
• Prepare and review Real Estate Fund NAV calculations within defined SLAs.
• Perform accounting for property-related transactions, including:
• Property income recognition
• Lease accounting
• Property operating expenses
• Capital expenditure
• Accruals and prepayments
• Other property-related transactions
• Review fund transactions and ensure appropriate accounting treatment.
• Perform detailed reconciliations and investigate accounting differences and exceptions.
• Ensure accurate recording of income, expenses, investments, and other fund-level transactions.

Financial Statements & Reporting

• Prepare financial statements and supporting schedules for Real Estate / Real Asset Funds.
• Prepare management reports, reconciliations, NAV support files, and other financial reporting deliverables.
• Ensure financial reporting is accurate, complete, and delivered within agreed timelines.
• Support audit processes by preparing schedules, documentation, and responses to auditor queries.
• Review financial information for completeness, accuracy, and consistency.

SPV Accounting & Consolidation

• Perform accounting activities for multiple Special Purpose Vehicles (SPVs) within the fund structure.
• Prepare and review SPV accounts and reconciliations.
• Account for inter-company transactions and perform appropriate eliminations.
• Support consolidation of multiple SPVs into fund-level financial statements.
• Identify, investigate, and resolve inter-company and consolidation differences.

Fund Operations & Controls

• Ensure all assigned activities are completed within agreed SLAs, quality standards, and regulatory timelines.
• Review transaction processing, asset setup, maintenance, pricing, and other fund accounting activities.
• Follow established procedures and internal controls to ensure accurate NAV and financial reporting.
• Identify operational risks, control gaps, and process issues and escalate them to the Team Leader / Operations Manager.
• Maintain updated process documentation and ensure adherence to company policies and regulatory requirements.
• Support internal and external audits, compliance reviews, and client visits.
• Contribute to process improvement and operational efficiency initiatives.

Client & Stakeholder Management

• Develop and maintain professional relationships with clients, investment managers, depositories, and internal stakeholders.
• Respond to client and stakeholder queries in a timely and effective manner.
• Proactively resolve accounting and operational issues.
• Coordinate with internal teams including Client Services, Finance, Compliance, Risk, IT, and Operations.
• Provide accurate reports, information, and supporting documentation as requested.

Required Qualifications & Experience

• Semi-Qualified CA / CMA / MBA in Finance, Accounting, Banking, or a related discipline.
• Minimum 4+ years of relevant Real Asset / Real Estate Fund Accounting experience.
• Hands-on experience in Fund Accounting and NAV calculation is mandatory.
• Strong experience in Real Estate / Real Asset accounting, particularly:
• Property income recognition
• Lease accounting
• Property expenses
• Capital expenditure
• Accruals and reconciliations
• Experience in SPV accounting, consolidation, inter-company transactions, and eliminations.
• Previous experience in Fund Administration, Investment Operations, Middle Office, or Asset Administration will be an advantage.
• Yardi experience is preferred.
• IOC/IMC or other relevant fund/investment certification will be an added advantage.

Skills & Competencies

• Strong knowledge of Real Estate / Real Asset Fund Accounting.
• Good understanding of NAV calculation and financial statement preparation.
• Strong accounting, reconciliation, and analytical skills.
• Excellent attention to detail and accuracy.
• Strong MS Excel skills with proficiency in Word, PowerPoint, and Outlook.
• Excellent verbal and written communication skills.
• Strong ability to prioritize tasks and manage multiple deliverables.
• Ability to work independently while collaborating effectively with team members.
• Strong problem-solving and issue-resolution capabilities.
• Ability to work effectively under pressure and meet tight deadlines.
• Willingness to work in rotational shifts, with shifts starting from 11:00 AM, depending on business requirements.

Key Attributes

• Accountable: Takes ownership of assigned deliverables and ensures timely closure.
• Analytical: Able to interpret financial data, identify discrepancies, and resolve accounting issues.
• Detail-Oriented: Maintains high accuracy across NAV, financial statements, and reconciliations.
• Proactive: Identifies potential risks and issues and escalates them appropriately.
• Customer-Focused: Understands stakeholder requirements and delivers high-quality service.
• Adaptable: Comfortable working in a global and changing operating environment.
• Team Player: Willingly supports colleagues and contributes to overall team objectives.
• Continuous Learner: Demonstrates willingness to develop technical and professional knowledge.

Preferred Candidate Profile

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

Immediate to 30 days' notice period is preferred.

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