Department: Fund Accounting
Employment Type: Permanent - Full Time
Location: Bangalore
Reporting To: Co-head of Fund Accounting - Operations
Description
Colmore is focused as an expert in servicing Private Equity funds. Applications must reflect a deep knowledge of this product type and demonstrated experience.
As a Vice President of Fund Accounting, you will be part of a high-growth, high-impact team focused on providing fund accounting and administration services to Colmore's portfolio. Reporting to our Head of Fund Accounting, you will support them in the day-to-day management of the broader Fund Accounting team and contribute to the strategic growth and development of the team. Additionally, you will provide a senior-level review of fund accounting deliverables for Colmore's clients, ensuring the integrity and high quality of client deliverables, as well as managing key client and stakeholder relationships.
The role requires a detailed technical understanding of Private Equity funds and the specific intricacies required in preparing financial statements, computing carry, private equity equalisation and late closing interest. The role also requires detailed knowledge, through direct working experience, of waterfalls. Able to act as a consultant to the client and to the Colmore Accounting Team. Reviewing fund financial statements and where required, preparing and solving for issues in preparation of financial statements and underlying computations, specific to Private Equity.
Along with direct ownership, as VP lead, for a set of designated private equity funds for a client, you will be one of the leadership team of Vice Presidents, as a repository of technical expertise to assist across Colmore's private equity business and integral in refining the Financial Reporting processes and controls, directly related to financial reporting for this product type.
What You'll Be Doing
- Lead a team of 5+ and be responsible for the delivery of client deliverables in line with SLAs, with a critical focus on quality
- Partner closely with other teams and across the business to support and drive Colmore's operational efficiency and technology-driven automation agenda. Collaborate with the Head of Fund Accounting to define Colmore's target state operating model
- Build strong relationships with key client contacts across their investment management deals
- Manage effective and appropriate communication and escalation of issues both internally and to clients. Act as a point of escalation for senior client members
- Lead the onboarding of new clients and funds, including working closely with clients to understand and support aspects of fund structuring, such as administrative implications of onshore and offshore feeders, tax blockers, and parallel master fund structures
- Review limited partnership agreements, as well as other legal, investment, and loan agreements, ensuring compliance with key terms, covenants, and restrictions
- Provide senior-level review support for quarterly and annual financial statements in accordance with relevant accounting standards (UK GAAP, US GAAP, Canadian GAAP, and Lux GAAP), investment performance reporting, and other investor deliverables
- Model and review complex calculations such as carried interest waterfalls, private equity equalization, management fees, and carry.
- Provide senior-level review of complex investment reconciliations, leverage, and interest calculations
- Oversee relationships with auditors and tax advisors to ensure the timely completion of audit and tax engagements. With prior exposure to and ability to discuss disclosure requirements specific to private equity funds.
- Act as a point of escalation for operational issues or resolutions of complex aspects of audit and tax engagements
- Effectively manage, mentor, and motivate team members to drive personal growth and career development, ensuring the operation of a high-performing, effective team unit
- Contribute to business growth by participating in RfP submissions, client pitches, and other business development activities
What You'll Bring To Us
- Deep production and review of Private Equity funds. Hands on experience in producing financial statements and computing carry, private equity equalisation, LCI and waterfalls and complex private equity fund structures.
- Total 12+ years of and 7+ years of experience in private equity in multiple sectors (FoF, Co-invest, credit, secondary, etc.) in key requirement for this role
- University degree in Accounting and/or Finance.
- CA, CPA, CFA, CAIA, ACCA, or other accounting/ finance certification(s) preferred however deep qualification through experience can be considered for the role.
- Strong Experience working with relevant accounting standards (e.g. US, UK, Lux GAPP) is mandatory
- Detailed technical understanding of complex calculations and building waterfall models, computing LCIs, Equalisation and carry models
- Conceptual understanding on complexities of preparing the financials from the TBs manually
- Experience with FIA (Front Invest Analytics) is a plus
- Proficient user of MS Excel and MS Products (confident with handling large datasets, Pivot table, sumifs, vlooksups - understanding of macros not required)
- A strong leader with excellent communication and interpersonal skills, able to motivate, coach and mentor team members in order to maximise their contribution and at the same time build strong, lasting relationships with client and stakeholders
Why join us
About Us
You will be joining the world's leading data and insights provider for the alternative assets market. We empower the global financial community with critical information and leading analytics solutions to help them make faster and smarter investment decisions, and to make them with confidence. A forward-thinking company, we lead our industry through innovation. We trust in the power of data, and we use it to increase transparency in alternatives. We believe that access to information leads to more investment in the ideas and infrastructure that build strong communities.
Our Culture
We centre our culture in our teams members growth, sparking their curiosity and fuelling their career adventures. We celebrate and recognise contribution, high performance and strong collaborative behaviours. We're building and growing our learning programs, frameworks and tools to help people thrive and it's an exciting time to join us. We support our internal communities and donate our time, knowledge and support to the communities that surround our offices globally.
Equal opportunities
Preqin is an equal opportunity employer, with diversity at the heart of our business. It is the policy of Preqin to ensure equal employment and consider all qualified applicants without regard to race, colour, religion, sex, sexual orientation, marital status, gender identity or expression, national origin, age, disability, pregnancy, veteran status, genetic information, socioeconomic status, political affiliation, or any other basis prohibited by applicable law.
