Manager of Fund Accounting

Function: Fund Services

Job Type: Permanent

Location: Bangalore

Work Mode: Hybrid

Introduction:

The Fund Accounting Manager is responsible for overseeing the delivery of fund accounting services for a portfolio of investment funds within a fund administration environment. The role includes end‑to‑end accountability for fund financial reporting, governance, and client service, while managing day‑to‑day accounting activities performed by the India team.

Key Responsibilities:

Fund Accounting Oversight

Maintain overall responsibility for accurate and timely delivery of NAVs, management accounts, investor reporting, and statutory financial statements.

Review and sign off on key deliverables prepared by the senior fund accountants / assistant managers.

Ensure compliance with applicable accounting standards (IFRS, US GAAP) and regulatory requirements.

Team Management

Oversee day‑to‑day fund accounting activities performed by India team, including bookkeeping, reconciliations, NAV calculations, and investor allocations.

Set clear expectations, timelines, and quality standards for Jersey and client deliverables.

Review error logs, identify root causes, and drive continuous improvement initiatives with both Jersey and India teams.

Provide technical guidance, feedback, and training to India team preparers and reviewers.

Coordinate workload planning and capacity management with India managers and Jersey managers.

Client & Stakeholder Management

Act as the primary contact for Jersey team and clients on fund accounting matters.

Proactively manage client expectations regarding timelines, deliverables, and issues.

Liaise with auditors, tax advisors, depositaries, and other service providers.

Lead discussions on accounting matters, system changes, and service enhancements.

Governance & Controls

Maintain strong oversight of internal controls, checklists, and review frameworks.

Ensure issues are escalated appropriately and resolved within agreed timelines.

Monitor KPIs, SLAs, and performance metrics relating to fund accounting delivery.

Process Improvement & Change

Drive process standardisation and automation across Jersey and India teams.

Support onboarding of new funds, transitions, and system migrations.

Participate in internal projects relating to operational efficiency and service model optimisation.

People & Leadership

Manage and develop Jersey and India based fund accountants.

Conduct performance reviews, coaching, and mentoring.

Foster strong collaboration between Jersey and India teams.

Key Requirements:

Qualified accountant (ACA, ACCA, or equivalent) or MBA.

8+ years of experience in fund accounting- private equity.

Strong experience in fund accounting within a fund administration environment.

Proven experience managing offshore or outsourced accounting teams.

Solid knowledge of alternative investment funds (Private Equity, Real Estate, Hedge Funds).

Strong communication, leadership, and stakeholder management skills.

Ability to manage multiple deadlines and high‑volume fund structures.