Citco India | Fund Services.PE Supervisor

Responsibilities

• Maintaining books and records and calculating fund Net Asset Values.
• Reviewing and/or preparing financial statements and associated reports, including performance metrics.
• Reviewing and/or calculating carried interest/performance/incentive fees.
• Reviewing and/or preparing calculations and investor allocations for capital calls, distributions and equalisations.
• Coordinating and/or processing payments and other transactions.
• Work closely with the Investor Relations team to respond to investor queries and to disseminate capital activity and other investor notices.
• Monitor Senior/Fund Accountants’ progression and identify areas for training and development.
• Assist Assistant Vice President to coordinate team to meet recurring and ad-hoc client deliverables, including year-end process with respect to audit timelines, financial statement preparation, regulatory filings, tax services etc.
• 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 Assistant Vice President.
• Supervising junior staff, reviewing and signing off on work performed;
• Acting as a primary day-to-day contact with clients and other fund participants;
• Established knowledge in relation to accounting and consolidations under IFRS.

Requirements

• 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.).

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)