Assistant Manager, Fund Administration – Waterfall

This is a fully remote position, open to applicants in India.

📋 Description

• Lead the implementation and auditing of complex multi-tiered distribution frameworks, ensuring meticulous accuracy in the calculation of Preferred Returns, GP Catch-ups, and Carried Interest.

• Exhibit technical expertise in navigating the structural differences between American (deal-by-deal) and European (whole-of-fund) distribution models.

• Diligently calculate and track clawback provisions to maintain ongoing compliance with LPA requirements throughout the investment lifecycle.

• Conduct thorough analysis and breakdown of complex Limited Partnership Agreements (LPA) to derive and apply accurate accounting treatments for distributions and fee structures.

• Act as the primary technical subject matter expert for converting complex legal language into functional and effective accounting workbooks.

• Hold primary responsibility for calculating Net Asset Value (NAV) across intricate fund structures.

• Ensure all fund accounting processes are in strict compliance with GAAP, with a particular focus on the specifications of ASC 946 (Investment Company Accounting).

• Serve as a highly proficient power user of FIS Investran, overseeing the accounting ledger and the setup of automated waterfalls.

• Utilize Advanced Excel and Power Query to enhance automation in data ingestion and create robust, audit-ready financial models.

⛳️ Requirements

• Bachelor's degree in Accounting or Finance (Required)

• At least 4 years of hands-on experience in navigating the complexities of the private equity sector.

• Ability to manually calculate complex private equity waterfalls from foundational principles.

• In-depth expertise in ASC 946 (Investment Company Accounting).

• Proficient user of FIS Investran, capable of managing automated waterfall setups and rigorously supervising the general ledger.

• Utilize Advanced Excel and Power Query to create robust financial models and conduct intricate data manipulation.

• Demonstrated experience in the implementation and auditing of clawback provisions and multi-tiered distribution models.

• Ability to dissect complex Limited Partnership Agreement (LPA) language and translate intricate legal terminology into practical accounting workflows.

• CA, CFA, or similar professional qualification preferred.

• Familiarity with Hedge Fund accounting structures is regarded as a significant advantage.

🏝️ Benefits

• Health insurance

• Flexible work arrangements