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Job Title: Vice President (VP) – Fund Accounting & Client Relationship

Company: Confidential

Location: Mumbai, Maharashtra

Experience: Minimum 15 years in Financial Services / Capital Markets, including at least 10 years in Private Equity Fund Accounting and financial reporting

Qualification: Chartered Accountant (CA) or Master's Degree in Finance & Accounting preferred

Work Timings: Flexible, aligned with EMEA/Americas

Industry: Financial Services / Capital Markets

Specialization: Alternative Asset Fund Services, Private Equity Fund Accounting, and Client Relationship Management

About the Company

The organization is a global financial services and alternative asset fund services leader. The company profile is confidential.

Job Overview

The Vice President will oversee fund accounting, financial reporting, client relationship management, and operational delivery for complex alternative investment structures, including private equity funds, debt funds, and hedge funds.

The position combines senior client engagement, technical fund accounting oversight, financial analysis, and people leadership. The individual will work closely with global clients, internal stakeholders, banks, brokers, and international counterparts to ensure accurate reporting, effective risk management, and consistent service delivery.

Key Responsibilities

Client Handling and Relationship Management

• Act as the primary senior escalation point and strategic contact for global institutional clients.
• Address complex operational, financial, and fund accounting queries.
• Drive client satisfaction, strengthen long-term partnerships, and maintain effective stakeholder relationships.
• Coordinate with global counterparts, banks, brokers, and internal teams to resolve client and operational matters.

Fund Operations and Accounting Oversight

• Oversee accounting and operational workflows for complex private equity and debt fund structures, including Special Purpose Vehicles (SPVs), standalone funds, and master-feeder funds.
• Maintain clarity across investor, General Partner (GP), carried interest, and affiliated fund classes.
• Supervise accounting for initial, subsequent, and late closings, capital calls, distributions, subscriptions, redemptions, transfers, and switches.
• Oversee related wire details, transaction notices, and fund accounting documentation.
• Direct the preparation of monthly and quarterly Net Asset Value (NAV) workbooks, economic allocations, P&L rebalancing, and complex waterfall calculations.
• Oversee European-style and American-style waterfall methodologies.
• Review management fee calculations, preferred returns, carried interest, and performance metrics, including Internal Rate of Return (IRR), Time-Weighted Return (TWR), and Investment Multiple.
• Provide technical oversight for trading and non-trading transactions, bank debt, Total Return Swaps (TRS), Mortgage-Backed Securities (MBS), and Collateralized Loan Obligations (CLO).
• Ensure accurate fund accounting, financial reporting, and operational execution across complex investment structures.

People Management and Leadership

• Provide day-to-day operational and strategic leadership to multi-layered fund accounting teams across multiple shifts.
• Manage direct reports, establish performance goals, and conduct mid-year and year-end performance appraisals.
• Develop targeted functional and soft-skills training programs.
• Establish robust operational controls and mitigate service delivery risks.
• Manage escalations in a timely manner and ensure adequate team coverage and cross-training.
• Drive organizational change, improve process efficiency, and promote a high-performance culture.

Candidate Profile

• Minimum 15 years of total experience in Financial Services or Capital Markets.
• At least 10 years of specialized experience in Private Equity Fund Accounting and financial reporting.
• Experience working in a global, matrixed organization.
• Advanced understanding of private equity fund lifecycles, complex fund structures, capital markets instruments, and financial reporting.
• Strong knowledge of ILPA investor reporting standards.
• Expertise in complex waterfall methodologies, including European and American styles.
• Strong understanding of capital calls, distributions, subscriptions, redemptions, management fees, preferred returns, and carried interest.
• Experience overseeing NAV calculations, economic allocations, P&L rebalancing, and fund performance metrics.
• Advanced proficiency in Excel and financial modelling and valuation tools.
• Demonstrated experience leading fund accounting teams and managing senior client relationships.
• Exceptional cross-border communication, stakeholder management, and executive presence.
• Proven ability to implement organizational change, improve processes, and manage operational risks.

Qualification

• Preferred: Chartered Accountant (CA).
• Alternative Preferred Qualification: Master's Degree in Finance & Accounting.

Technical and Domain Expertise

• Private Equity Fund Accounting
• Alternative Investment Fund Services
• Fund Lifecycle Management
• Fund Structures and Hierarchies
• NAV Calculation and Reporting
• ILPA Investor Reporting
• Capital Calls and Distributions
• Fund Subscriptions and Redemptions
• European and American Waterfall Calculations
• Carried Interest and Preferred Returns
• Management Fee Calculations
• Financial Performance Measurement
• Capital Markets Instruments
• Financial Modelling and Valuation
• Operational Risk and Controls