# Private Equity Fund Accountant

**Company**: BlackRock
**Location**: Bengaluru
**Work arrangement**: hybrid
**Experience**: senior
**Job type**: full-time
**Category**: Finance
**Industry**: Finance
**Wikidata**: https://www.wikidata.org/wiki/Q219635

**Apply**: https://blackrock.wd1.myworkdayjobs.com/en-US/BlackRock_Professional/job/Bengaluru-India/Associate---Fund-Accounting_R266780?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply
**Canonical**: https://yubhub.co/jobs/job_f6bd504d-9ec

## Description

We are seeking a Private Equity Fund Accountant to join our team. The successful candidate will have extensive experience in preparing periodic and annual audited GAAP-based financial statements specifically for Private Equity funds.

**Responsibilities:**

- Prepare and review quarterly management accounts for client private equity funds.

- Lead general client reporting requirements, understanding the structure of the existing reports and client service level standards and key performance indicators (KPIs).

- Compute carry, equalization, and late closing interest for funds administered.

- Prepare and review waterfall calculations.

- Maintain and process accounting records through journals and other transactions to the general ledger and trial balance.

- Manage and coordinate annual fund audits with external auditors and the client.

- Review draft annual financial statements in accordance with IFRS, UK GAAP, US GAAP, Canadian GAAP, and Lux GAAP depending on fund domicile.

- Liaise with the tax team to ensure timely completion of tax engagements and appropriate charges and accruals are recorded in the financial statements.

- Complete and review regulatory returns as and when required.

- Develop a clear understanding of the cash management function of the funds.

- Work with and provide support to the treasury team as and when required.

- Involvement in vital team management and allocation planning.

- Training, development, and potential management of junior team members.

- Involvement in RFPs for new prospects and successful onboarding of new clients.

- Identify and implement process improvements to enhance operational efficiency, strengthen controls, and improve the quality and consistency of fund accounting and reporting activities.

- Drive the development and adoption of AI and automation solutions to streamline fund accounting.

**Qualifications:**

- 4+ years of strong related experience in private equity fund accounting.

- An understanding of fund/group structures.

- Knowledge of private equity carry, waterfall, LCI, and equalization specific to private equity funds.

- UK or US GAAP working knowledge is essential, and IFRS, Canadian GAAP, or Lux GAAP is desirable.

- Experience with FIA (front invest analytics) ideal.

- Excellent working knowledge of accounting databases/running reports.

- Competent user of MS Excel and other MS products.

- Experience in using AI and automation tools.

**Benefits:**

- Strong retirement plan

- Tuition reimbursement

- Comprehensive healthcare

- Support for working parents

- Flexible Time Off (FTO)

**Hybrid Work Model:**

- Employees are required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week.

## Skills

### Required
- Private Equity Fund Accounting
- GAAP
- IFRS
- MS Excel
- AI and Automation Tools

### Nice to have
- FIA (Front Invest Analytics)
- UK GAAP
- US GAAP
- Canadian GAAP
- Lux GAAP

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Source: [Apply at blackrock.wd1.myworkdayjobs.com](https://blackrock.wd1.myworkdayjobs.com/en-US/BlackRock_Professional/job/Bengaluru-India/Associate---Fund-Accounting_R266780?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply)