Citco India | Assistant Vice President - Hedge Fund Accounting

Responsibilities

• Performing the administration of and any services pursuant to administration agreements in respect of a portfolio of hedge fund clients.
• Review and sign-off of Net Asset Value calculations, financial statements and associated reports.
• Reviewing/Authorizing payments and other transactions.
• Analysis of fund performance and prepare performance/P and L related reports.
• Building relationships and working closely with Citco Internal COE and non-COE teams including Operational Support, Middle Office, Pricing, Investor Relations and Relationship Management Fund Accounting teams.
• Planning, scheduling and managing the daily workflows of all client deliverables within the team.
• Developing, adhering and maintaining target resource deployment to ensure adequate resources for production, overtime and cost management.
• Ensure adherence of applicable best practice policies and client specific agreements.
• Managing and coordinating the Year end process with respect to audit timelines, Financial Statement Preparation, Regulatory filings, Tax services, etc.
• Liaising closely with the Supervisor to identify and implement on the job training initiatives for team members; own team related duties including vacation management, performance appraisals, etc.
• Engage and own intra-office migrations and/ or new client on boarding.
• Contribute and own departmental initiatives while supporting team initiatives.
• Drive forward continuous improvement, seeking efficiencies while maintaining adequate controls.
• Address and/or escalate all material issues effecting the NAV production process or client relationship in general to Vice President in a detailed and timely manner
• Managing and/or leading employees for 2-3 years

Requirements

• Effective monitoring of deliverables to ensure high SLA compliance within set accuracy standards.
• 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)