Accountant 1, Fund Accounting

Company Description
IQEQ is a preeminent service provider to the alternative asset industry. IQEQ works with managers in multiple capacities ranging from hedge fund, private equity fund, and mutual fund launches; private equity fund administration; advisory firm set-up, regulatory registration and infrastructure design; ongoing regulatory compliance (SEC, CFTC, and 40 Act); financial controls and operational support services; compliance and operational related projects and reviews; and outsourced CFO/controller and administration services to private equity fund investments – portfolio companies, real estate assets and energy assets. Our client base is growing, and our existing clients are engaging the firm across the spectrum of our services offerings.

Job Description

Job Summary

To provide and ensure the timely and high-quality service and deliverables to leading private equity and funds clients under the guidance and direction from supervisors, allocated to you on a regular basis.
Concentrates on delivering consistent results by focusing mainly on preparation of core processes, low complex ad hoc work and minimal client requirements. Performs self-review of core processes to demonstrate self-awareness in gaining productive insights into professional and personal strengths and areas of development.
Support with the review and sign off NAV and Financials of the private equity funds that include recording journal entries, preparing monthly/quarterly/annual financials, processing payments, preparing investor notices and various client reporting.
Support with the review of capital call and distribution workings along with notices and release to respective investors.
Assist with conversion of Private Equity Funds from other accounting applications to Investran.
Assist with onboarding new Private Equity Funds in the accounting platform (Investran, Paxus).
This entails assisting in all reporting requirements, such as but not limited to financial statements, working papers/ management accounts, partner statements and ad-hoc client deliverables.
To assist in various accounting and administration processes and conduct all work in accordance with IQ-EQ India Global Client Delivery's policies and procedures.
Core Responsibilities

Responsible for the preparation of Financial Statements with Disclosures, NAV reporting and other ad-hoc service requests for funds clients.
To ensure all deliverables are timely and accurate
Acquiring knowledge of designated clients' requirements and deliverables.
Ensure compliance by following procedures and checklists following SSAE and other similar statutory requirements
Proactively seeks adequate training, feedback and support in both technical and non-technical aspects of the role
Tasks & Duties

Cluster Client Delivery

Acquires knowledge and understanding of the clients’ agreements, Scope of Work (SOW), SLA’s and other necessary information needed to prepare deliverables.
Ensures complete information, data, supporting documents, etc. are received for the preparation of the needed requirements. To acknowledge or to escalate the completeness of the information, data, supporting documents, etc. to the Senior Accountant.
Delivers consistent and quality information within the agreed timeframes.
Prepare, complete, and ensure the quality of the assigned clients’ deliverables within the agreed timelines.
To be knowledgeable with the components of the reports generated by the appropriate platform/s.
To be able to review outputs and all other deliverables prepared.
To address review comments.
Takes ownership, prepares and replies to cluster/Client/Investor’s queries within 24 hours.
Escalates any job-related issues and concerns to the appropriate authorities in a timely manner.
Provides support to the rest of the team and other teams, as needed.
Workflow Management

Ensures timesheets are completed daily and accurately filed for all hours worked knowledge and understanding of the clients’ agreements,
Sets up, monitors, updates and closes all deliverables via the workflow planner
Systems

Understands and uses best practice on accounting platform/s.
Understands and becomes knowledgeable on how to generate reports using reporting platform/s.
Risks

Ensures relevant procedures, checklists and SSAE requirements are adhered to and completed to mitigate errors.
Reports any breaches, complaints or errors to appropriate authorities in a timely manner.
Assists in the preparation of error reports, identifies the areas of operational risk and participates in proposing appropriate remedial actions within 24 hours of identifying the error.
Other

May undertake any additional tasks and/or responsibilities as part of their professional development which may or may not be related to their specific function.
Escalates any other work-related issues and concerns to the appropriate authorities in a timely manner.
Key behaviours we expect to see

In addition to demonstrating our Group Values (Authentic, Bold, and Collaborative), the role holder will be expected to demonstrate the following:

Demonstrates Self-Awareness - Using a combination of feedback and reflection to gain productive insight into personal strengths and weaknesses.
Action Oriented - Taking on new opportunities and tough challenges with a sense of urgency, high energy, and enthusiasm
Being Resilient - Rebounding from setbacks and adversity when facing difficult situations
Communicates Effectively - Developing and delivering multi-mode communications that convey a clear understanding of the unique needs of different audiences
Customer Focus - Building strong customer relationships and delivering customer-centric solutions
Self-Development - Actively seeking new ways to grow and be challenged using both formal and informal development channels
Plans & Aligns - Planning and prioritizing work to meet commitments aligned with organisational goals
Manages Conflict - Handling conflict situations effectively, with a minimum of noise
Interpersonal Savvy - Relating openly and comfortably with diverse groups of people
Organizational Savvy - Manoeuvring comfortably through complex policy, process and people-related organisational dynamics

Qualifications

Qualifications and Experience Required for this Role

Essential

Education / professional qualifications

Good academic track record with University Degree in Accountancy or any other accounting-related courses.
-OR-

Graduate of any business-related course with 1+ year/s relevant fund accounting experience.
Fundamental knowledge of IndAS, IFRS, US/UK/Lux GAAP and/or other accounting standards, Preparation of Financial Statements applicable laws and regulations
Fluency in English and an additional foreign language
Background experience

Knowledgeable in the preparation of working paper files, financial statements with disclosures and other financial information. Operational experience in fund accounting services, preferably in handling private equity.
Technical

Intermediate Excel skills such as pivot tables, lookup, “if” and other similar functions.
Computer / program knowledge
Knowledgeable in e-mail, word processing and video conferencing applications such as Microsoft Office.
Effective written and verbal basic communication skills.
Good knowledge of Investran/Paxus is preferred
Desired

Desire to complete Certified Public Accountant qualification, if applicable.
Experience working in Financial Services or Global Client Delivery environment.
Experience working in a multinational office environment.