Job Opportunity
Manager – Fund Accounting
IQ-EQ | Hyderabad, India
Job Summary
Review of financial statements with disclosures and other ad-hoc service requests for complex funds or corporate clients. Graduate of Accounting or any business-related course. 8+ years relevant accounting experience; 4+ years supervisory experience. Fluency in English and an additional foreign language.
Details
Job Summary:
* Concentrate in driving business growth and the development of talent; spend time in reviewing and assessing overall team performance
* Balance stakeholders by establishing good working relationship with the cluster counterparts and other support groups (e.g. HR, GPT, IT, BAT, etc.)
* Concentrate in engaging and developing teams and individuals; perform review of core processes, complex ad-hoc work, and all other client requirements, as needed; provide consistent feedback on accuracy and timeliness of outputs made by their AM teams
* Review and completion of NAV and financials of the private equity funds that include recording journal entries, monthly/quarterly/annual financials, processing payments, investor notices and various client reporting
* Review and completion of capital call and distribution workings along with notices and release to respective investors
* Facilitate conversion of Private Equity funds from other accounting applications to Investran/Paxus.
* Facilitate onboarding new Private Equity funds in the accounting platform (Investran/Paxus)
* Monitor overall teams’ results and performance based on the KPIs (Quality and Timeliness, Error Report, Increased Productivity and Lowers Overtime, among others)
* Initiate and facilitate meetings to address overall teams’ performance and develop/coach non-performing individuals
* Facilitate various accounting and administration processes of complex clients and conduct all work in accordance with IQ-EQ India Global Client Delivery’s policies and procedures, as needed (when AM is unable to, depending on capacity)
* As a supervisor, lead, organise, coordinate, develop, monitor the performance, delegate tasks and responsibilities to their direct reports and their team members (skip level), as needed
* Ensure balanced work allocation across their teams and reallocates resources accordingly
Core Responsibilities:
* Review of financial statements with disclosures and other ad-hoc service requests for complex funds and/or corporate clients
* Preparation of complex reporting requirements, when necessary
* Monitor the timely and accurate deliverables of their teams, and intervene, as necessary
* Acquire knowledge to become specialists of their designated clients’ requirements and deliverables
* Monitor their teams’ compliance as they follow procedures and checklists following SSAE and other similar statutory requirements of the clients their teams handle
* Provide guidance and coaching to the team in both technical and more on the non-technical aspects of their role
* Seek knowledge and expertise for their own professional development
* Initiate the development of the technical competencies of their teams by providing feedback on their deliverables and endorsing them to the appropriate learning and development activities
* Monitor the development and assigned trainings of their teams
* Monitor and provide support to cluster counterparts escalations and involves the relevant stakeholders
* Monitor the agreed timelines of deliverables with the cluster counterparts and provide support for escalations to ensure that their teams carry out the work, as agreed
* Effectively communicate and relate with various stakeholders of the team; maintain and enhance relationships through crucial conversations
* Monitor that all client cluster requirements are thoroughly being reviewed and follows standards
* Act as an alternate for the Head of Delivery based on business needs which may include cluster client responsibilities, administrative tasks, and team management
Tasks & Duties:
Cluster Client Delivery
* Acquire functional knowledge and understanding of the clients’ agreements, Scope of Work (SOW), SLA’s and other necessary information needed to review and/or prepare deliverables
* Monitor if the team has the needed information, data and supporting documents are received for the review/preparation of the needed requirements; address and escalate issues, as needed
* Monitor the consistency and quality of the deliverables within the agreed timeframes of the teams
* Provide support (for timelines) and address issues (for quality), as needed
* Provide support for the rest of the team and other teams by allotting additional capacity, as needed. At the same time, initiate the request for support needed from other teams
* Monitor and communicate the review comments of the team and then follow up to address pending comments for preparers, as needed
* Act as first line of escalations for the preparers of any requests not properly actioned by the CS Support team. (e.g. BAT, GPT)
* Monitor and oversee the interpretation of the requirements of the client and in some instances, does the research and validates in the absence of an Assistant Manager
* Review and act as the team approver of submitted reports and compliance cases with root cause information, corrective action, and preventive measures in a timely manner; discuss the details and actions done with the HODs and CDDs
* Oversee the quarterly debrief meeting with the cluster to review the team’s performance, then address concerns and drive resolutions based on its criticality and complexity
* Decide the proper treatment for transactions when differences in points of view arise, and escalate recommendations to appropriate authorities, as needed
* Decide on escalated recommendations and if necessary, escalate to SMEs or technical team
* Monitor and work with the Assistant Manager to enforce process standards across the teams
* Act as first level of escalation of issues/concerns from the funds assigned to their clusters
* Support the Project Managers by functioning as SMEs, coordinating with stakeholders, and allocating resources
Workflow Management
* Ensure timesheets are completed daily and accurately filed for all hours worked
* Review and approve timesheets of their team and ensure they are completed daily and accurately filed for all hours worked in a timely manner (of their AM’s and SA’s)
* Review and pre-approve filed overtime of their team (AM’s and SA’s)
* Setup, monitor and update all deliverables via the workflow planner in a timely manner, as needed
* Monitor and ensure the completeness and accuracy of all deliverables via the workflow planner in a timely manner
* Analyse and proactively manage team capacity deliverables by allocating needed resources/support
Systems
* Understand and use best practice on accounting platform/s
* Understand and become knowledgeable on how to generate reports using reporting platform/s
Risks
* Monitor relevant procedures, checklists and SSAE requirements are adhered to and completed to mitigate errors
* Monitor reported breaches, complaints or errors to appropriate authorities are acted upon in a timely manner
* Acquire knowledge of risk factors and potential breach
* Review and act as the team approver of submitted reports and compliance cases with root cause information, corrective action, and preventive measures in a timely manner; discuss the details and actions done with the HODs and CDDs
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
* Escalate any other work-related issues/concerns to the appropriate authorities and acted on in a timely manner
* Participate in interviews, as needed
Essential Qualifications:
Education / professional qualifications
* Graduate of Accounting or any business-related course, with 8+ years relevant accounting experience.
* At least 4 years supervisory experience
Background experience
* Experience with managing service operations and client deliverables
* Experience in managing staff and/or conducting appraisals
* Sound knowledge of IndAS, IFRS and GAAPs of different jurisdictions (US, UK, and Lux), preparing and reviewing of Financial Statements using applicable laws and regulations
* Fluency in English and an additional foreign language
Technical
* Actual work experience in the preparation and/or review of working paper files, financial statements with disclosures and other financial information
* Operational experience in fund accounting services is required, preferably in handling private equity
Computer / programmr knowledge
* Intermediate Excel skills such as pivot tables, lookup, “if” and other similar functions
* Experience in e-mail, word processing, presentation and video conferencing applications such as Microsoft Office
* Experience in using accounting software (Investran/Paxus)
* Effective written and advance verbal communication skills
Desired Qualifications:
* University Degree in Accountancy and other accounting-related courses
* Completed Certified Public Accountant/ACCA qualification, if applicable
* Experience working in financial services or shared services office environment
* Experience working in a multinational office environment
* Open to travel and other secondment opportunities abroad
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- Min Education: BA/BS
- Min Experience: 8 years