Fund Accounting - Associate Manager

Jaipur, India

Formidium is a global fund administrator powered by our proprietary Seamless Software platform. Seamless is an award-winning, full-scale, web-based, fund administration application. It integrates portfolio, fund accounting, and investor reporting, to provide best-in-class and cost-efficient solutions to both the traditional and alternative investment fund management communities.

Location: Jaipur

Salary: As per Industry norms

Experience Required: 3 to 5 years

Employment: Full Time

Job Description:

This position will be responsible for the end-to-end accounting for hedge funds. Working closely with counterparties and investment managers to achieve this and the primary activities for the same include daily street reconciliations, settlements, P/L reconciliations and fund accounting (GAV / NAV preparation). Dealing with various strategies and different financial instruments, spanning different geographies and time zones.


  • Ensure client Service Level Agreement (SLA) and deadlines are met.
  • Review of the daily and monthly (detail review) NAV as well as helping to finalize the same if any issue faces by Associate/sr. Associate.
  • Effective communication with clients through emails or scheduled calls for timely resolution of client queries and breaks.
  • Ensure correct & timely reporting of MIS to senior management.
  • Review audit support sent to fund's auditors and ensured identified issues are documented and tracked to closure.
  • Timely escalation of issues/errors/challenges to seniors as per escalation matrix.
  • Co-ordinate with other departments effectively for timely resolutions of open issues keeping the client rep in loop.
  • Review and maintain the relevant data to be stored for various funds in internal folders for future reference and Audit purposes (AWS).
  • Formulating the necessary controls in processes to ensure efficient and error-free client deliverables.
  • Support projects related to Automations/migrations/changes etc. and ensure implementation within the teams.
  • Should ensure checklists are diligently followed.
  • Provide seamless and other application access to relevant users and client/investors. For exit cases, ensure all the relevant access has been disabled/revoked.
  • Day-to-day supervision of direct reporters and their allocated tasks and assisting them in meeting daily deadlines.
  • Conduct periodic discussions with team members to set their objectives and provide them with timely feedback for their personal growth and development.
  • Observe internal training requirements and arrange training sessions accordingly. Creating, maintaining, and updating SOP for the funds.

Required Skills and Experience:

  • Bachelor’s /master’s degree in accounting, finance, or management.
  • Relevant professional qualification is an advantage (CPA, CFA, CA).
  • Should have domain / finance knowledge, attention to detail and ability to work with minimal supervision.
  • Effective communication and collaboration skills along with proficiency in MS Excel.

If you are a highly motivated individual who enjoys working in a fast-paced environment and is passionate about application security, we encourage you to apply for this exciting opportunity.

Interested Candidates can apply on: -

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