Citco India | Fund Services. Fund Accountant

Responsibilities

• Maintaining books and records; including.
• Maintain and control the general ledger and various sub - ledgers.
• Prepare financial statements, footnotes and partner capital statements.
• Prepare trial balances and work paper product.
• Participate in the implementation of fund structures into the accounting system.
• Participating in projects that may be defined from time to time in connection with the continuing expansion and evolution of the business.
• Identifying and escalating any material issues effecting service delivery to the Supervisor.
• Process standard and complex bookkeeping entries
• Prepare financial data analysis
• Calculating carried interest/performance/incentive fees;
• Processing payments and other transactions;
• Acting as a day-to-day contact with on-shore stakeholders;
• Established knowledge in relation to accounting and consolidations under IFRS.

Experience in limited partnership accounting

• Private equity/real estate fund administration experience.
• Knowledge of IFRS and / or USGAAP
• Knowledge of SPV accounting is must
• Strong operations experience with focus on processes and controls
• Excellent communication skills and proficiency in English (both verbal and written).
• Sound judgment, problem solving and analytical skills.
• Proficient with Microsoft Applications (Excel, Word, PowerPoint etc.).
• Experience in Limited Partnership accounting

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)