Vice President Fund Accounting
Share
Job Location:
Monthly Salary:
Posted on:
18 hours ago
Vacancies:
1 Vacancy
Job Summary
Hi Candidates
Job Title - Vice President Private Equity Fund Accounting
Location - India (primary hub: Hybrid/Onsite-flexible)
Shift - Night Shifts Only
Reporting Line - Direct reports: Asst. Vice President Senior Fund Accountant Fund Accountant
Role Purpose
Lead the end-to-end private equity fund accounting function across multiple vintages strategies
(buyout growth venture co-invest secondaries) and structures (LP funds feeder funds parallel
vehicles SPVs). Own the platform process people and client service pillars to deliver accurate
timely financial reporting investor servicing and regulatory compliance at scale. Serve as a critical
liaison with Front Office Investor Relations Tax Compliance and external administrators/auditors.
Role Purpose
Lead the end-to-end private equity fund accounting function across multiple vintages strategies
(buyout growth venture co-invest secondaries) and structures (LP funds feeder funds parallel
vehicles SPVs). Own the platform process people and client service pillars to deliver accurate
timely financial reporting investor servicing and regulatory compliance at scale. Serve as a critical
liaison with Front Office Investor Relations Tax Compliance and external administrators/auditors.
Core Responsibilities :
1) Process (Operating Model Reporting Compliance)
Financial Close & Reporting: Own monthly/quarterly close for funds and feeder vehicles;
deliver financial statements (US GAAP/IFRS) partner capital accounts and investor-level
reporting with high accuracy and speed.
Capital Activity Operations: Oversee end-to-end workflows for capital calls distributions
true-ups equalizations and side letter economics-ensuring precision and timely investor
communications.
Valuations & Waterfalls: Coordinate fair value measurements (ASC 820/IFRS 13) and run
waterfall allocations (deal-by-deal/fund-as-a-whole) including carried interest preferred
return and catch-ups.
Regulatory & Tax: Ensure compliance with AIFMD Form PF Annex IV FATCA/CRS and local
filings. Partner with Tax for K-1/Investor tax packs and jurisdictional complexities.
Policies & SOPs: Author maintain and enforce global accounting policies playbooks RACI
matrices and escalation protocols. Drive QA/QC reviews and exception management.
Continuous Improvement: Lead Lean/Six Sigma initiatives; reduce close-to-report cycle
time lower error rates and eliminate manual reconciliations through automation and
standardization.
1) Process (Operating Model Reporting Compliance)
Financial Close & Reporting: Own monthly/quarterly close for funds and feeder vehicles;
deliver financial statements (US GAAP/IFRS) partner capital accounts and investor-level
reporting with high accuracy and speed.
Capital Activity Operations: Oversee end-to-end workflows for capital calls distributions
true-ups equalizations and side letter economics-ensuring precision and timely investor
communications.
Valuations & Waterfalls: Coordinate fair value measurements (ASC 820/IFRS 13) and run
waterfall allocations (deal-by-deal/fund-as-a-whole) including carried interest preferred
return and catch-ups.
Regulatory & Tax: Ensure compliance with AIFMD Form PF Annex IV FATCA/CRS and local
filings. Partner with Tax for K-1/Investor tax packs and jurisdictional complexities.
Policies & SOPs: Author maintain and enforce global accounting policies playbooks RACI
matrices and escalation protocols. Drive QA/QC reviews and exception management.
Continuous Improvement: Lead Lean/Six Sigma initiatives; reduce close-to-report cycle
time lower error rates and eliminate manual reconciliations through automation and
standardization.
2) Client Service (LP/GP Experience Stakeholder Management)
Investor Excellence: Serve as senior point of contact for LPs addressing complex inquiries
and bespoke reporting. Maintain SLAs for response times and accuracy.
Stakeholder Partnership: Collaborate with Deal Teams Portfolio Monitoring IR
Legal/Compliance and External Auditors/Administrators to ensure seamless information
flow and timely deliverables.
Investor Excellence: Serve as senior point of contact for LPs addressing complex inquiries
and bespoke reporting. Maintain SLAs for response times and accuracy.
Stakeholder Partnership: Collaborate with Deal Teams Portfolio Monitoring IR
Legal/Compliance and External Auditors/Administrators to ensure seamless information
flow and timely deliverables.
Onboarding & Transitions: Lead onboarding for new funds/investors side letters and
transitions from/to administrators. Ensure change governance cutover plans and risk
controls.
Communications: Produce clear executive-ready materials-dashboards variance analyses
waterfall summaries and board/regulatory packs. Anticipate issues and proactively manage
expectations
transitions from/to administrators. Ensure change governance cutover plans and risk
controls.
Communications: Produce clear executive-ready materials-dashboards variance analyses
waterfall summaries and board/regulatory packs. Anticipate issues and proactively manage
expectations
3) Platform (Technology Data Controls)
Systems Ownership: Drive roadmap selection and optimization of the fund accounting tech
stack (e.g. GL waterfall capital activity modules data warehouse BI/visualization tools).
Champion automation for capital calls/distributions waterfalls and management
fee/carried interest calculations.
Data Architecture & Governance: Establish standardized data models and golden sources
for portfolio capital activity and investor records. Implement robust reference/master data
management and reconciliation frameworks.
Controls & Security: Implement SOX-style internal controls segregation of duties audit
trails and role-based access. Ensure cyber-resilience and data privacy compliance (GDPR
CCPA as applicable).
Scalability & Reliability: Build repeatable resilient operating models that support new fund
launches multi-currency books and complex structures (blockers/aggregators). Target
straight-through processing (STP) and best-in-class cycle times.
Systems Ownership: Drive roadmap selection and optimization of the fund accounting tech
stack (e.g. GL waterfall capital activity modules data warehouse BI/visualization tools).
Champion automation for capital calls/distributions waterfalls and management
fee/carried interest calculations.
Data Architecture & Governance: Establish standardized data models and golden sources
for portfolio capital activity and investor records. Implement robust reference/master data
management and reconciliation frameworks.
Controls & Security: Implement SOX-style internal controls segregation of duties audit
trails and role-based access. Ensure cyber-resilience and data privacy compliance (GDPR
CCPA as applicable).
Scalability & Reliability: Build repeatable resilient operating models that support new fund
launches multi-currency books and complex structures (blockers/aggregators). Target
straight-through processing (STP) and best-in-class cycle times.
4) People (Leadership Capability Culture)
Team Leadership: Manage and mentor fund controllers and teams across locations/time
zones. Build succession plans and career paths; cultivate a high-performance culture.
Workforce Planning: Align capacity with demand (fund launches transactions audit cycles).
Optimize onshore/offshore mix and leverage managed services/administrators where
strategic.
Skills & Training: Implement structured learning paths (PE accounting standards waterfalls
systems) certification support (CPA/ACA/CFA) and cross-training programs.
Culture & Engagement: Promote accountability continuous learning and psychological
safety. Recognize excellence and build inclusive practices that improve retention and
productivity.
Team Leadership: Manage and mentor fund controllers and teams across locations/time
zones. Build succession plans and career paths; cultivate a high-performance culture.
Workforce Planning: Align capacity with demand (fund launches transactions audit cycles).
Optimize onshore/offshore mix and leverage managed services/administrators where
strategic.
Skills & Training: Implement structured learning paths (PE accounting standards waterfalls
systems) certification support (CPA/ACA/CFA) and cross-training programs.
Culture & Engagement: Promote accountability continuous learning and psychological
safety. Recognize excellence and build inclusive practices that improve retention and
productivity.
Key Performance Indicators (KPIs)
Timeliness: % on-time financial statements; close cycle duration; SLA adherence for capital
calls/distributions and investor inquiries.
Quality: Error rate per reporting cycle; audit adjustments; reconciliation breaks; control
deficiencies.
Timeliness: % on-time financial statements; close cycle duration; SLA adherence for capital
calls/distributions and investor inquiries.
Quality: Error rate per reporting cycle; audit adjustments; reconciliation breaks; control
deficiencies.
Efficiency: Automation coverage (% STP) cost per fund/vehicle manual touchpoint
reduction productivity per FTE.
Stakeholder Satisfaction: LP satisfaction scores internal partner feedback (IR/Deal teams)
audit outcomes (no material weaknesses).
People & Culture: Engagement scores voluntary attrition bench strength/succession
readiness certifications completed.
Change Outcomes: Successful fund launches system upgrades and process transformations
delivered on scope/time/budget.
reduction productivity per FTE.
Stakeholder Satisfaction: LP satisfaction scores internal partner feedback (IR/Deal teams)
audit outcomes (no material weaknesses).
People & Culture: Engagement scores voluntary attrition bench strength/succession
readiness certifications completed.
Change Outcomes: Successful fund launches system upgrades and process transformations
delivered on scope/time/budget.
Qualifications & Experience
Education: Bachelors/masters in accounting/finance; CPA/ACA preferred.
Experience: 14 years in private equity fund accounting or alternatives; track record leading
multi-fund portfolios and complex structures (multi-currency feeders parallel funds SPVs).
Technical: Deep knowledge of US GAAP/IFRS ASC 946/820 waterfall mechanics (deal-by-
deal/fund-as-a-whole) carried interest fee mechanics (Syndication cost and deal cost fund
investment and investor level expenses) equalizations and side letter economics.
Systems: Hands-on fluency with PE accounting platforms (e.g. Investran Allvue eFront
yardi Workiva) BI tools (Power BI/Tableau) and workflow automation
(RPA/Alteryx/Anaplan).
Leadership: Proven capability to manage global teams transform processes and influence
cross-functional stakeholders at senior levels.
Education: Bachelors/masters in accounting/finance; CPA/ACA preferred.
Experience: 14 years in private equity fund accounting or alternatives; track record leading
multi-fund portfolios and complex structures (multi-currency feeders parallel funds SPVs).
Technical: Deep knowledge of US GAAP/IFRS ASC 946/820 waterfall mechanics (deal-by-
deal/fund-as-a-whole) carried interest fee mechanics (Syndication cost and deal cost fund
investment and investor level expenses) equalizations and side letter economics.
Systems: Hands-on fluency with PE accounting platforms (e.g. Investran Allvue eFront
yardi Workiva) BI tools (Power BI/Tableau) and workflow automation
(RPA/Alteryx/Anaplan).
Leadership: Proven capability to manage global teams transform processes and influence
cross-functional stakeholders at senior levels.
Competency
Operational Excellence: Process design control frameworks continuous improvement and
data-driven decision-making.
Strategic Thinking: Ability to translate firm strategy into operating model tech roadmap
and staffing plans.
Communication: Executive presence; crisp written and verbal communication for LPs
boards and auditors.
Judgment & Risk Management: Strong accounting judgment; proactive identification and
mitigation of operational and regulatory risks.
Ownership & Bias for Action: Comfortable with ambiguity; drives outcomes with
accountability.
Operational Excellence: Process design control frameworks continuous improvement and
data-driven decision-making.
Strategic Thinking: Ability to translate firm strategy into operating model tech roadmap
and staffing plans.
Communication: Executive presence; crisp written and verbal communication for LPs
boards and auditors.
Judgment & Risk Management: Strong accounting judgment; proactive identification and
mitigation of operational and regulatory risks.
Ownership & Bias for Action: Comfortable with ambiguity; drives outcomes with
accountability.
Key Skills
- Change Management
- Financial Services
- Growing Experience
- Managed Care
- Management Experience
- Analysis Skills
- Senior Leadership
- Performance Management
- Process Management
- Leadership Experience
- negotiation
- Analytics
