Assistant Manager, Fund Accounting

IQ-EQ is a leading Investor Services group offering end-to-end services in administration, accounting, reporting, regulatory, and compliance for the investment sector worldwide. With over 5,800 employees across 25 jurisdictions and US$750 billion AUA, they work with top private equity firms. The Assistant Manager, Fund Accounting, based in Hyderabad, will support the preparation of periodic and annual consolidated financial statements, ensuring compliance with LUXGAAP and IFRS, contribute to group reporting, perform intra-group eliminations, and maintain consolidation systems.

Must Have

• Support preparation of periodic and annual consolidated financial statements (LUXGAAP, IFRS)
• Contribute to preparation of group reporting package
• Perform elimination of intra-group transactions and consolidation adjustments
• Maintain/develop consolidation system and group charts of accounts
• Prepare and review statutory accounts
• Liaise with internal teams and external auditors
• Manage relationships with clients and service providers
• CA, CMA or Master Degree in Accounting Finance
• 3-5 years experience in IFRS reporting, consolidation, and Real Estate
• 8+ years overall experience in financial industry
• Proficiency in Microsoft Office, Yardi, Mona
• Strong technical accounting knowledge in Lux GAAP and IFRS
• Fluent in English

Good to Have

• Any other language would be an advantage

Perks & Benefits

• Hybrid working approach
• Learning and development programmes (PowerU, MyCampus)
• Investment in employee career growth
• Inclusive, equitable and diverse culture
• Support for female managers launching their first fund (IQ-EQ Launchpad)

Company Description

ABOUT IQ-EQ

We’re a leading Investor Services group offering end-to-end services in administration, accounting, reporting, regulatory and compliance needs of the investment sector worldwide.

We employ a global workforce of 5,800+ people across 25 jurisdictions and have assets under administration (AUA) exceeding US$750 billion. We work with 13 of the world’s top 15 private equity firms.

Our services are underpinned by a Group-wide commitment to ESG and best-in-class technology including a global data platform and innovative proprietary tools supported by in-house experts.

Above all, what makes us different is our people. Operating as trusted partners to our clients, we deliver intelligent solutions through a combination of technical expertise and strong relationships based on deep client understanding.

We’re driven by our Group purpose, to power people and possibilities.

Job Description

Office: Hyderabad

Department: Core Team Consolidation

Tasks (what does the role do on a day-to-day basis) & Responsibilities

The Assistant Manager will report to the Manager of the team or directly to the Head of Technical Team and will :

• Actively support the preparation of the periodic and annual consolidated financial statements to ensure they comply the relevant accounting principles (LUXGAAP and IFRS)
• Actively contribute to the preparation of group reporting package and ensure timely submission
• Perform elimination of intra-group transactions and other consolidation adjustments
• Participate in impairment testing processes
• Maintain/develop the consolidation system and the group charts of accounts
• Support the implementation of new accounting standards and regulatory changes
• Contribute to process improvement initiatives to enhance efficiency and accuracy in consolidation
• Actively prepare and review the statutory accounts
• Liaise with internal teams to ensure good coordination and quality of the deliverables
• Liaise with external auditors to ensure smooth audits and compliance
• Manage the relationships with the clients, the other service providers, including tax advisors, law firms, asset managers and the fund managers
• Act as active team member to deliver the highest quality standard of service to clients
• Utilise additional resources appropriately and where required
• Executes and ensures timely delivery of quality services and maintain our internal monitoring tool
• Directorship mandates and attendance to the board meetings
• Apply internal procedures

Key competencies for position and level

• Develops talent
• Optimises work processes
• Drives results
• Builds effective teams
• Decision quality
• Organizational quality
• Ownership

Key behaviours we expect to see

• Strong team player
• Ability to multi-task and manage priorities against key deadlines
• Effective organizational and time management skills to maintain commitment to quality and attention to detail; ensure that all work is completed accurately and on time
• Problem solving approach
• Strong attention to accuracy and detail
• Proactivity
• Authenticity
• Relationship building
• Taking ownership
• Approachability
• Resilient
• Positive

Qualifications

Requirements

• Education: CA, CMA or Master Degree in Accounting Finance
• At least 3-5 years of experience in IFRS reporting and consolidation and Real Estate with overall 8+ years of experience in financial industry
• Computer/program knowledge: Microsoft office, knowledge of Yardi, Mona
• Strong technical accounting knowledge in Lux GAAP and IFRS are essential
• Languages: Fluent in English and any other language would be an advantage

Additional Information

OUR COMMITMENT TO YOU AND THE ENVIRONMENT

As a forward-looking business, sustainability is integral to our strategy and operations. Our sustainability depends on us building and maintaining meaningful, long-term relationships with all our stakeholders – including our employees, clients, and local communities – while also reducing our impact on our natural environment.

There is always more we can, and should do, to improve – whether in relation to our people, our clients, our planet, or our governance. Our ongoing success as a business depends on our sustainability and agility in a changing and challenging global landscape. We’re committed to fostering an inclusive, equitable and diverse culture for our people, led by our Diversity, Equity, and Inclusion steering committee.

Our learning and development programmes and systems (including PowerU and MyCampus) enable us to invest in growing our employees’ careers, while our hybrid working approach supports our employees in achieving balance and flexibility while remaining connected to their colleagues. We want to empower our 5,500+ employees - from 94 nationalities, speaking 41 languages across 25 countries - to each achieve their potential. Through IQ-EQ Launchpad we support female managers launching their first fund, in an environment where only 15% of all private equity and venture capital firms are gender balanced.

We’re committed to growing long-term relationships with our clients and supporting them in achieving their objectives. We understand that our clients' sustainability and success leads to our sustainability and success. We’re emotionally invested in our clients right from the beginning.