KKR India | Finance - Private Markets Fund Controllership (SPVs) - Associate

Roles & responsibilities

• Associate role within SPV Controllership is responsible for supporting end-to-end financial oversight of APAC deal stacks, including APAC-based SPVs and aggregator entities.
• The role is heavily focused on oversight of third-party administrators and works in partnership with the global SPV Controllership team to support monthly financial closes, review administrator-prepared trial balances under multiple GAAPs including IFRS, and assist with distribution oversight.
• The individual must be well-versed in accounting standards with strong experience reviewing and challenging management accounts.
• While not required to be a valuation expert, the role requires familiarity with valuation concepts and fair value accounting (IFRS 13).
• The role also requires the ability to manage high transaction volumes across complex, multi-jurisdictional structures in a fast-paced environment.
• Act as a primary point of oversight for third-party administrators across APAC-based SPVs and aggregator entities.
• Coordinate and support monthly close processes, ensuring administrators deliver accurate and timely financial information, to support the valuation process.
• Review administrator-prepared trial balances and supporting schedules under SFRS, HKFRS, US GAAP, and IFRS, escalating issues and judgement areas as required.
• Review impairment assessments and going concern memos prepared by administrators as part of administrator oversight, in line with relevant accounting standards, and escalate concerns as appropriate.
• Review quarterly administrator KPIs and performance metrics, and hold administrators accountable to agreed service levels and deliverables in accordance with Master Services Agreements (MSAs).
• Review and approve budgets at deal close to ensure SPVs are adequately funded for post-close and ongoing operating expenses.
• Monitor budgets versus actuals and investigate and escalate material variances outside approved budgets.
• Coordinate periodic cleardown of intercompany payables and receivables between SPVs and other KKR group entities, where applicable.
• Computation of management fees for SPV entities.
• Support financial oversight across the full investment holding stack.
• Review and challenge distribution calculations and distribution lead sheets, ensuring consistency across the structure and alignment between Finance, Tax, and Accounting.
• Liaise with KKR Deal Teams/Operation Teams as required to support financial control matters relating to deal SPVs and aggregator entities.
• Support annual external audits and tax compliance processes by coordinating with administrators, auditors, and internal Tax teams.
• Ensure audit and administrator billings are in line with agreed Engagement Letters and contractual arrangements.
• Collaborate closely with members of the SPV Controllership team to gather, review, and validate data used for internal reporting, oversight, and control activities.
• Partner with Tax, Legal, and Treasury teams to support SPV-related processes, including distributions, audits, compliance requirements, and cash movements.
• Assist with ad-hoc requests and process-driven initiatives, including standardisation, efficiency improvements, and enhancement of administrator oversight processes.
• Support the development and maintenance of policies and procedures relating to SPV controllership and third-party administrators.
• Assist with working with administrators in providing support for annual external audits on the SPVs in the Americas.
• Review debt service calendars monthly including the review of the accuracy of interest and principal payments.

Qualifications

• Prior Private Equity Fund Administration or Audit experience is required.
• Experience working within a financial services environment or comparable corporate environment.
• Ability to establish priorities and meet deadlines in a fast-paced, high growth environment.
• Team player with the ability to collaborate across Finance, IT, Operations, Tax, Legal, and Treasury.
• Proven strong system skills/ability to quickly retrieve data from various systems and combine into KPIs for management.
• Ability to handle complex datasets, strong financial/analytical and problem-solving skills.
• Detailed oriented with a proven track record for accuracy.
• A risk mind-set with the ability to identify, solve, and mitigate perceived risks.
• Ability to work autonomously and as part of a team.
• Experience with SAP, Power BI, and SQL is a plus.
• Prior Big 4 audit experience is a plus.
• Familiarity in managing entities incorporated in Singapore, Hong Kong and Australia is a plus.

KKR & Co. Inc.

Henry Kravis and George Roberts started KKR in 1976 together with their mentor Jerome Kohlberg, and it has grown into a global investment firm whose shares are listed on the New York Stock Exchange. From its base in New York, KKR invests clients' money across private markets, including private equity, credit, infrastructure and real estate, and through Global Atlantic it also provides annuities and reinsurance. Its first Indian office opened in Mumbai in 2009. A second office followed in Gurugram in 2023, run by KIOPL Management Solutions India Private Limited, and it works as a hub supporting the firm worldwide in technology, finance, operations and corporate functions.

Finance hiring in Gurugram centres on fund controllership for KKR's private markets and credit funds, including open-ended credit funds and special purpose vehicles, along with investment operations (asset servicing and reconciliations) and treasury operations covering payments, controls and governance. Roles run from senior analyst to assistant vice president. Most postings want a qualified Chartered Accountant, and several also accept a CPA, ACCA, CIMA or CFA. One senior role asks for six to nine years of post-qualification experience, and one lists CTP among its preferred certifications.

• Industry: Alternative asset management: private equity, credit, infrastructure and real estate, plus annuities and reinsurance through Global Atlantic
• Headquarters: New York, United States (KKR & Co. Inc., listed on the NYSE as KKR)
• In India: KIOPL Management Solutions India Private Limited in Gurugram (DLF Downtown, opened 2023), and a KKR office in Mumbai (Worli, opened 2009)