Citco India | Fund Services. Assistant Vice President

Responsibilities

• Maintain and control the funds’ general ledgers and various sub-ledgers and take full ownership for the accuracy and completeness of standard and complex bookkeeping entries.
• Liaise with supervisors and/or accounting specialists locally and in outsourced services locations as part of an integrative fund accounting servicing model.
• Prepare and/or review financial statements (stand-alone, consolidated), footnotes and partner capital statements and liaise with other Citco teams, where applicable.
• Manage the client capital activity processing (capital calls/distributions/transfers) and review/prepare management fee & waterfall/carry calculations.
• Prepare limited partner and general partner allocations, NAV packages and work paper products.
• Oversee and/or prepare reports to local and foreign regulatory authorities and standard and bespoke investor reporting requirements.
• Act as liaison to various external stakeholders, i.e. auditors, tax advisors, legal counsel.
• Monitor the timing and quality of client deliverables and strive for continuous improvement.
• Review client Limited Partnership Agreements (LPAs), PPMs, and other materials and ensure service levels are in line with such legal documents.
• Manage and monitor client deliverables (SLAs) with your team and the client.
• Monitor Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs).
• Work with onboarding solutions teams to implement new fund structures on accounting system.
• Interact with Management and improve customer experience.
• Mentor, coach and support team members in their professional development and participate in team goals settings and performance reviews.
• Operate as a contact point for clients: able to respond in a solution-orientated manner and resolve client queries timely or escalate where necessary to the appropriate level of seniority.
• Translate Citco wide business objectives into SMART objectives and participate in the development of career plans for team members.

Requirements

• Proven Fund Accounting system, Microsoft Word and Excel, and PowerPoint skills (knowledge of Yardi and/or Investran would be considered as an advantage).
• Ability to handle several deliverables and multiple stakeholders simultaneously and prioritize work based on deadlines.
• Sound judgment, problem solving and analytical skills.
• Familiarity with tax-efficient European structures and related investment vehicles and regulatory requirements would be considered as an advantage.

Citco

Founded in 1948 by A.A.G. Smeets, Citco first worked for private clients and multinational companies in the years after the Second World War, and launched its fund administration business in 1968. The group, whose parent company is The Citco Group Limited, has been majority independently owned since its start. It now serves alternative asset managers, asset owners, investors, banks and corporates with fund administration, middle office, banking, tax and regulatory, corporate secretarial and entity management services. In India, Citco has offices in Mumbai (Powai), Pune (Kharadi) and Hyderabad, where its Center of Excellence was launched in 2021 and moved into a permanent office in Knowledge City in 2023.

Citco's finance roles in India, in Hyderabad, Mumbai and Pune, centre on fund services: fund accountants for hedge funds, private equity and real assets (including property accounting), financial reporting accountants and team leads, operations and risk analysts, and supervisors up to vice president. It also hires for its own corporate finance, such as general ledger, accounts payable, payroll and finance systems support, as well as corporate secretarial work and CMA Inter internships. Postings usually ask for a degree in accounting, finance or economics, and several name CA, CPA, ACCA, ACA, CIMA, CMA or CFA, or study towards one.

• Industry: Asset servicing for the alternative investment industry: fund administration, middle office, banking, tax and corporate services
• Headquarters: The Citco Group Limited, a privately held group with offices worldwide
• In India: Citco Shared Services (India) Private Limited (Powai, Mumbai) and Citco Group Services (India) LLP (Kharadi, Pune, with a branch in Knowledge City, Hyderabad)