Manager - Assurance - National - ASU - FAAS - Financial&AccountingAdv - Bangalore / Gurgaon / Kolkata

The opportunity

: Manager-National-Assurance-ASU - FAAS - Financial&AccountingAdv – Bangalore / Hyderabd / Gurgaon

ASU - FAAS - Financial&AccountingAdv :

The Manager should have prior experience in subject matter expert role on working with a fund administrator and have exposure in fund accounting, financial reporting and technology / fund accounting systems for private equity & real estate funds.

• Strong experience in preparation and review of financial statements (under USGAAP, IFRS) for mutual funds, hedge funds and private equity funds including the following : a) Statement of Assets, Liabilities and Partners’ Capital, b) Statement of Operations, c) Statement of Changes in Partners Capital, d) Statement of Cash Flows, e) Schedule of Investments and f) Notes to Financial Statements including related disclosures.
• Strong experience in audit preparedness and financial statement close processes, coordination with onshore team members and handling auditor queries etc, for various funds.
• Working knowledge and clear understanding of relevant regulatory guidance for investment funds including USGAAP, AICPA requirements is preferred.
• Deeper understanding of various fund structures like Master-Feeder, Fund of Funds, Blocker entities etc. and working knowledge of various investment products like equity and derivative instruments along with related accounting aspects.
• Working knowledge and clear understanding in various fee structures, calculation of management fees and performance fees including carried interest, preferred return and clawback provisions.
• Experience in operational aspects like NAV finalization, reconciliations, management reporting and investor reporting, reconcile investor capital balances and allocation of Profit & Loss.
• Understanding and working knowledge of the current accounting and financial reporting operating environment for various funds managed by the asset manager.
• Understanding and knowledge of fund investment strategies like venture capital, leverage buyouts, distressed debt etc, is preferred.

Broadly, the key responsibilities are : ▪ Be a coach / mentor to a team of Seniors and Staff’s and train them to deliver high Quality industry specific work on time and within the time estimates made and agreed with the US engagement teams / key stakeholders

Support Managers / Senior Managers in the process of preparing audit plans, audit program, testing and

reports Work with existing processes / systems whilst making constructive suggestions for improvements.

Demonstrate critical thinking and the ability to bring order to unstructured problems. Able to read

situations and modify behavior to build quality relationships. Responsible for quality and timeliness of deliverables, including conclusions on control effectiveness and impact of control deficiencies.

Skills and attributes

To qualify for the role, you must have

Qualification

Chartered Accountant

Experience

What we look for

People with the ability to work in a collaborative manner to provide services across multiple client departments while following the commercial and legal requirements. You will need a practical approach to solving issues and complex problems with the ability to deliver insightful and practical solutions. We look for people who are agile, curious, mindful and able to sustain postivie energy, while being adaptable and creative in their approach.

What we offer

With more than 200,000 clients, 300,000 people globally and 33,000 people in India, EY has become the strongest brand and the most attractive employer in our field, with market-leading growth over compete. Our people work side-by-side with market-leading entrepreneurs, game- changers, disruptors and visionaries. As an organisation, we are investing more time, technology and money, than ever before in skills and learning for our people. At EY, you will have a personalized Career Journey and also the chance to tap into the resources of our career frameworks to better know about your roles, skills and opportunities.

EY is equally committed to being an inclusive employer and we strive to achieve the right balance for our people - enabling us to deliver excellent client service whilst allowing our people to build their career as well as focus on their wellbeing.