Senior Associate - Private Equity Fund Accounting - Banking/Financial Services

Senior Associate - Private Equity Fund Accounting

Job Locations: Kolkata / Pune

Experience: 5+ Years

Shift: 12:00 PM - 9:00 PM

Notice Period: 30 - 60 days

Job Summary:

We are looking for an experienced Senior Associate - Private Equity Fund Accounting to manage end-to-end fund accounting activities for Private Equity funds. The ideal candidate should have strong hands-on experience in LP - GP accounting, capital calls, distributions, Partners' Capital Accounts (PCAP), waterfall calculations, NAV calculations, reconciliations, and investor reporting.

The role also involves team handling, stakeholder coordination, financial reporting, and ensuring accurate and timely delivery of fund accounting operations.

Key Responsibilities:

- Manage end-to-end Private Equity fund accounting, including bookkeeping, account reconciliations, and Net Asset Value (NAV) calculations.

- Prepare and review capital call notices, distributions, redemptions, and investor statements.

- Maintain and reconcile Partners' Capital Accounts (PCAP) for Limited Partners (LPs) and General Partners (GPs).

- Handle LP - GP accounting, including profit allocations, expense allocations, profit sharing, and management fee calculations.

- Perform waterfall calculations in accordance with Private Equity fund agreements.

- Manage NAV-related activities, including cash and position reconciliations, profit and loss calculations, and expense accruals.

- Assist in preparing monthly, quarterly, and annual financial statements in line with applicable accounting standards.

- Coordinate with internal teams, auditors, fund administrators, and clients to ensure smooth reporting and delivery.

- Ensure accuracy, compliance with fund governing documents, adherence to SLAs, and timely completion of deliverables.

- Lead and guide team members while supporting process improvements and operational efficiency.

Required Skills & Qualifications:

- Minimum 5 years of hands-on experience in Private Equity Fund Accounting.

- Strong understanding of Private Equity fund structures, LP - GP accounting, and hedge fund operations.

Practical experience in:

- Capital calls and distributions

- Redemptions and investor statements

- Partners' Capital Accounts (PCAP)

- Waterfall calculations

- Fund NAV calculations and reconciliations

- Investor reporting and management fee calculations

- Prior team handling or team leadership experience.

- Strong analytical, numerical, and problem-solving skills.

- Excellent attention to detail and accuracy.

- Good communication and stakeholder management skills.

Preferred Qualifications:

- Experience working with international clients or global fund structures.

- Familiarity with fund accounting systems and investor reporting tools.

- A degree in Accounting, Finance, Commerce, or a related field; a relevant professional accounting qualification is an advantage.

Work Arrangement:

- Kolkata: Work from office, 5 days a week.

- Pune: Remote work arrangement for the initial few months.

Who Should Apply?:

Candidates with strong Private Equity fund accounting experience, particularly in LP - GP accounting, PCAP, waterfall calculations, and NAV operations, who are ready to take ownership of fund accounting deliverables and guide team members.