State Street

AlS - Fund Accounting- Senior Associate

State Street
Bangalore, India
Not disclosed
12 Jun 2024
19 Jun 2024
Approved employers
Approved employer
Contract type
Full time
Experience level
Qualified accountant

About the Role:

You are required to maintain the client books and post journal entries, preparation and presentation of financial statements. Books require to maintain at asset, investment and portfolio level

Job Duties & Expectations:

Basic knowledge required on the below items:

  • Practical knowledge on journal entries and posting of journals
  • Preparation and review of profit and loss account, Balance Sheet and Cash flow statement
  • Preparation and review Cash book and reconcile the cash with bank on a daily basis
  • Knowledge on revenue recognition and accrual concept
  • Coordinate processing of payments and other transactions and it’s review
  • Review and update the detailed schedule of fixed assets and accumulated depreciation.
  • Track property review accounting like, Net Assets, Operating income, Depreciation check and Rent calculation
  • Preparation and review of Deferred Revenue Cost schedule and accounting
  • Preparation and review of schedule of Equity capital, subscription and redemption
  • Responsible for maintaining books and records and calculation of fund Net Asset Values
  • Preparation and review of Distributions
  • Identifying the GAAP to NAV differences and provide explanation
  • Preparation of variance analysis and provide comments
  • Debt Valuation schedule preparation
  • Accounting of Re-valuation of assets and preparation of schedule
  • Maintenance of various entities books of accounts both Book side and Market side
  • Assist in audit queries
  • Preparation and review of Non-controlling interest schedule
  • Preparation and review of venture capital books and profit distribution
  • Any other functions required as part of the business of the Company
  • Graduate / Master’s Degree in Accounting, Finance, any other professional accounting qualification (ie. CA, CWA, CA inter, CWA inter or equivalent)
  • Minimum of 4– 8 years’ experience in accounting for the financial services sector, particularly Private Equity, Asset Management or Fund Administration.
  • Knowledge of IFRS and / or USGAAP
  • Experienced in preparing general ledger and financial statements.
  • Good communication skills and proficiency in English (both verbal and written).
  • Knowledge in Microsoft Applications (Excel, Word, Powerpoint etc).
  • Working knowledge of Investran/Oracle will be an added advantage
  • Private equity/real estate fund experience. Exposure to complex fund structure, waterfall computation, preferred return.
  • Expect to have training skills to new joiners
For further information, and to apply, please visit our website via the “Apply” button below. 

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