EY India | RCFS - FS Finance - Private Equity Billing And Fund Accounting - Senior

Key responsibilities

• The team brings the desired environment, technologies and skilled teams together for facilitation, rapid prototyping and innovative thinking.
• Job Description – Private Equity Billing & Fund Accounting (Senior) The opportunity We are looking to build a dedicated team to support a leading alternative investment and private markets client.
• The team will support end-to-end Portfolio Company (PC), Joint Venture (JV), and Fund Billing, including invoice processing, expense allocation, reconciliations, and query resolution.
• This role will involve working with internal and external stakeholders to ensure accurate and timely billing, strong controls, and effective service delivery, while supporting continuous process improvement and automation.
• AI Fluency: Beginner-level AI fluency is required for this role.
• Review invoices and supporting documentation and perform cost allocations across funds, portfolio companies, JVs, and other investment entities.
• Prepare PC, JV, and fund-level billings, including allocation of reimbursable expenses based on applicable agreements and methodologies.
• Support partnership and JV accounting, reconciliations, period-end activities, and resolution of billing and accounting differences.
• Ensure appropriate classification of funds, portfolio company, JV, and management company expenses.
• Monitor the billing mailbox, maintain query trackers and stakeholder contact lists, and follow up on open items through closure.
• Maintain complete documentation, approvals, supporting evidence, and audit trails in line with established controls.
• Identify opportunities to improve processes through standardization, automation, and AI-enabled solutions.
• Holding a US visa and having 4–7 years of relevant finance experience will be an added advantage.

Requirements

• Knowledge support to our clients around the world.
• Experience 4–7 years of relevant experience in private equity accounting, fund accounting, expense allocation, billing, or related finance operations.
• Hands-on experience with Portfolio Company (PC), Joint Venture (JV), and/or Fund Billing, including invoice processing, cost allocation, reconciliations, and supporting documentation.
• Strong understanding of private equity fund structures, partnership/JV accounting, and expense allocation methodologies.
• Exposure to alternative investments, private equity funds, or other private market investment structures is preferred What we look for: Strong knowledge of private equity and fund accounting, including PC, JV and Fund Billing.
• Experience with expense allocation, invoice processing, reconciliations, and period-end activities.
• Understanding of partnership and joint venture accounting and related allocation methodologies.
• Strong knowledge of billing controls, supporting documentation, and audit requirements.
• Proficiency in Microsoft Excel and financial data analysis.
• Ability to investigate and resolve billing and accounting discrepancies.
• Experience supporting private equity funds, portfolio companies, joint ventures, or alternative asset managers.
• Knowledge of fund structures, cost allocation methodologies, and management company versus fund expense classification.
• Exposure to workflow automation, reporting tools, and AI-enabled solutions.
• Experience working in global delivery or shared services environments.
• Strong analytical and problem-solving skills.
• Ability to manage multiple deadlines in a fast-paced environment.
• Excellent written and verbal communication skills.
• Strong ownership mindset and accountability.
• Candidates should be comfortable using AI-powered tools to improve productivity, support decision-making, and enhance work quality while adhering to responsible AI and data security practices.

EY (Ernst & Young)

EY is one of the Big Four professional services networks, providing assurance, tax, consulting and strategy-and-transactions services. The network in its present form came from the 1989 merger of Ernst & Whinney and Arthur Young.

In India, EY member firms and EY Global Delivery Services employ large finance teams. Typical openings for chartered accountants and finance professionals are in financial accounting advisory (FAAS), audit, tax, risk and transaction services.

• Industry: Assurance, tax, consulting and transactions (Big Four)
• Headquarters: London, UK
• In India: EY member firms and EY Global Delivery Services centres in several Indian cities