Citco India | Supervisor - Institutional Services (Fund Accounting, Private Equity)

Responsibilities

• Performing the administration / shadow accounting / book keeping of and any services pursuant to administration agreements in respect of a portfolio of institutional clients.
• Responsible for Net Asset Value calculation, which includes Cash and Portfolio reconciliations, Income and Expense Accruals, Partner/Shareholder Allocation calculations,prepare and review trial balances.
• Responsible to daily cash and position reconciliations, transaction booking and coordinating with MO to resolve breaks.
• Closely working with FA/SFA to meet SLA with high quality of client deliverables.
• Drive forward continuous improvement, seeking efficiencies while maintaining adequate controls in process.
• Train and support team members in their development.
• Assist fund accounting staff to resolve day-to-day issues and contribute to performance management and evaluation efforts alongside the manager.
• Contribute to effective department operations by facilitating cross training of funds across teams, coverage during high volume periods, and dispersing technical and operational knowledge to ensure adoption of best practices.
• Work alongside the Manager to establish and accomplish team goals.
• Keep managers abreast of all material issues affecting the NAV production process.

Requirements

• Good understanding of capital calls, distributions and statements for the PE accounts.
• Excellent analytical, problem solving skills with high degree of attention to detail
• Strong interpersonal and teamwork skills
• Proficient in Microsoft Applications (Word, Excel, PowerPoint etc.)

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)