Sr. Private Equity Fund Accountant

Job Description: Senior Private Equity Fund Accounting India

Function:  Private Equity Fund Accounting / Investment Operations Support
Level:   (Senior Associate / Assistant Manager / Manager/ Senior Manager)
Reporting to:  Fund Accounting Manager / AVP – Private Equity
Team Management:  Yes — lead and oversee  junior fund accountants

Role Summary

Seeking a mid-level Private Equity Fund Accounting professional in India to support the delivery of accurate and timely  quarterly NAVs , fund financial reporting, and investor allocations for private equity clients. The ideal candidate has hands-on experience with  private equity investment operations  and fund structures, including  waterfall calculations , capital activity (capital calls/distributions), and preparation/review of fund financial statements. Experience with one of the following fund accounting platforms, eFront, Allvue, or Investran , is a must.

This role requires ownership of day-to-day deliverables, strong review skills, and the ability to coordinate workloads and quality across a small team of junior accountants while meeting strict reporting deadlines.

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Key Responsibilities

Fund Accounting Delivery

• Prepare and/or review fund accounting outputs in support of  quarterly NAV closes , including ensuring completeness, accuracy, and on-time delivery.
• Maintain fund books and records (e.g., general ledger, trial balance), including  journal entries, accruals, reclasses, and reconciliations .
• Prepare/review key private equity schedules and calculations, including:
  • Capital calls, distributions, and investor allocations
  • Management fees and expense allocations
  • Carried interest and waterfall models  (tiered allocations, catch-up, preferred return, GP/LP splits)
  • Partner capital statements / investor capital account reporting
  • Portfolio activity support (contributions, proceeds, realized/unrealized gains)
• Support preparation/review of fund reporting packages and financial statements (as applicable), including footnote support schedules and tie-outs.
• Perform and review  cash, bank, and custodian/investment reconciliations , investigating and resolving breaks promptly.
• Coordinate with internal stakeholders and client contacts to obtain/validate inputs required for close (capital activity, expense support, valuations, corporate actions, etc.).

Systems & Operational Excellence

• Use fund accounting/operations platforms such as  eFront, Allvue, and/or Investran  to process investor activity, maintain fund data, and generate reports.
• Ensure data integrity across systems and Excel-based models; perform validation checks and reasonability analytics.
• Identify inefficiencies and recommend process improvements, templates, and controls to improve accuracy and cycle time—especially around quarter-end.
• Maintain strong documentation: checklists, SOPs, controls evidence, and audit trails.

Team Leadership & Quality Review

• Lead, train, and review the work of 2–4 junior accountants , ensuring consistent quality and adherence to SLAs.
• Allocate tasks, track progress against close calendars, and proactively escalate risks to deadlines.
• Act as a key quality gate before deliverables are shared with clients or onshore teams.

Client & Stakeholder Management

• Serve as a day-to-day contact for assigned deliverables; provide clear status updates and manage expectations during peak close periods.
• Support audits and client requests by preparing schedules, explanations, and supporting documentation.
• Partner effectively with global teams where applicable; demonstrate flexibility during  quarter-end peaks .

Required Qualifications & Experience

• 10+ years  of relevant experience in  private equity fund accounting in fund administration or investment operations environments.
• Excellent English and communication skills.
• Strong practical understanding of private equity concepts, including:
  • Waterfalls / carried interest mechanics
  • Capital calls, distributions, commitments, and LP accounting
  • NAV close processes and reporting cycles
• Demonstrated experience  reviewing work and leading a small team  (formal or informal people leadership).
• Advanced Excel skills (pivot tables, complex formulas; ability to audit models and tie-outs).
• Strong attention to detail, comfort operating under deadlines, and ability to manage multiple funds/workstreams.

Education:

• Bachelor’s degree in Commerce, Accounting, Finance, or related field required.
• CA / CPA / ACCA / MBA (Finance) is a plus (not mandatory if experience is strong).

Key Competencies

• Ownership mindset:  can run a close workstream end-to-end and drive issues to resolution.
• Quality-first:  strong reviewer who catches inconsistencies, missing support, and allocation errors.
• Team leadership:  can coach juniors, enforce standards, and manage capacity during peaks.
• Client-ready communication:  clear, concise written and verbal updates; professional issue escalation.
• Deadline execution:  thrives in quarterly cycles and maintains composure under pressure.