ECRA-FAAS-Manager-Fund Financial Reporting

Bangalore, Karnataka
Permanent
Full-time

1 day ago

At EY, we're all in to shape your future with confidence.We'll help you succeed in a globally connected powerhouse of diverse teams and take your career wherever you want it to go.Join EY and help to build a better working world.EY GDS - Assurance FAAS - FSO - WAM ManagerAt EY, you'll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture, and technology to become the best version of you. And we're counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all.In a world that's changing faster than ever, our purpose acts as our 'North Star' guiding our more than 300,000 people - providing the context and meaning for the work we do every day. In doing so, we play a critical role in building a better working world for our people, clients, and communities. Thanks to our innovative services in auditing, tax consulting as well as transaction and management consulting, we proudly drive our clients into the future.From small businesses to some of the world's best-known brands, our clients count on reliable financial statements, information, and processes to inform their ongoing strategies. More than ever, business is about interpreting and reacting to complex data - and they look to us for advice and services they can trust every time. You'll use your professional skills and experience to make it happen, so whether you're looking for a long-term, or are interested in progressing on to other areas, this is a great place to be. As the only one of the Big 4 with a specialist cross-border practice dedicated to the Financial Services Sector, we offer our clients seamless, consistent, and high-quality services around the globe. With our Assurance Services, we strengthen public confidence in global capital markets and promote sustainable growth. If you're looking to develop your individual skills whilst working in interdisciplinary and multicultural teams, come join us!The opportunityThe position is specifically for Wealth & Asset Management sector. We're looking for an incumbent who has extensive knowledge of the wealth and asset management business drivers and financial sector. He should competent enough to provide advisory services including finance optimization, system implementation, financial statement close process support, regulatory and statutory reporting, advanced data readiness & analytics, audit and control support. The incumbent will work for top global clients across a wide variety of markets and industry sectors thus experience of working with clients in either the financial services or more specifically WAM sector is preferred.As part of our EY GDS Assurance Team, the individual will be responsible for working closely with FAAS Senior Managers on client engagements across Americas, EMEIA or APAC.Your key responsibilities

Ensure quality of service delivery
Ensure quality in delivering client service by directing daily progress of fieldwork, informing Supervisors of engagement status
Follow through on client requests in a timely fashion, and manage expectations regarding the timing of deliverables and reports
Demonstrate a good understanding of accounting concepts; stay informed of professional standards and firm policies (e.g., guidelines of the EY FAAS Policy Manual); and effectively apply this knowledge to moderately difficult and/or complex client situations
Preparation of underlying materials as well as leading/participation in client workshops
Undertaking practice development activities including contributing to thought leadership pieces, running industry events, delivering training, or managing team communications
Aiding proposals and bid teams in delivery of high-quality proposals
Contributing to business development activities to help identify and research opportunities on new / existing clients
Contributing to the growth of the practice by providing input to EY Point of views, development of solutions, engagement tools and enablers
Lead and manage multiple client engagements, ensuring quality and timely delivery.
Advise clients on finance transformation, regulatory compliance, and process optimization.
Oversee preparation and review of financial statements and reports for alternative investment structures (real estate, private equity, etc.).
Guide teams in fund accounting, NAV finalization, reconciliations, and investor reporting.
Develop and maintain client relationships, acting as a trusted advisor.
Drive business development, contribute to proposals, and support practice growth.
Mentor and coach junior team members, fostering a high-performance culture.
Stay updated on industry trends, regulations, and emerging technologies.

Skills and attributes for success

Good understanding of US GAAP/UK GAAP/ IFRS
Previous Wealth and Assets Management experience / knowledge essential - Private equity and Real estate preferably.
Able to apply logic and problem solving to complex Finance business problems
Take personal responsibility for the quality of delivery
Extremely comfortable and confident around senior stakeholders, internally and externally
Extremely comfortable with Excel and PowerPoint. Much of our work involves detailed analysis and report writing, so it is critical you can work with these tools
Strong written and verbal communication, presentation, and technical writing skills
Ability and comfort level in researching client inquires and emerging issues, including regulations, industry practices and new technologies
Flexibility and willingness to travel on short notice, as necessary

Professional experience:Typical experience may include, whilst not limited to:

Strong working knowledge of accounting and financial reporting for real estate funds, private equity funds, and other alternative investment vehicles.
Hands-on experience in fund accounting and the preparation of financial reports for alternative investment structures, including real estate and private equity.
Understanding of complex fund structures such as Master-Feeder, Fund of Funds, and Blocker Entities, as well as familiarity with various investment products including equities and derivatives, and their associated accounting treatments.
Proficiency in fund administration platforms such as Investran, Yardi, eFront, or similar systems.
Exposure to operational processes such as NAV finalization, reconciliations, management and investor reporting, capital account maintenance, and P&L allocations.
Experience in preparing complete sets of financial statements, including - Statement of Assets, Liabilities and Partners' Capital, Statement of Operations, Statement of Changes in Partners' Capital, Statement of Cash Flows, Schedule of Investments, Notes to Financial Statements with all required disclosures.
In-depth understanding of fund accounting principles, investment fund structures, the lifecycle of real estate and private equity funds, various fee structures, calculation of management fees and performance fees including carried interest, preferred return and clawback provisions.
Knowledge in areas such as finance function optimization, ERP/system implementations, financial close processes, statutory and regulatory reporting, consolidation reporting, data readiness and analytics, and governance, risk, and control frameworks.
Proven hands-on experience at a Big 4 or top-tier consulting firm within Financial Services, or in leading transformation initiatives or line functions within fund managers, fund administrators, or other financial services organizations.

To qualify for the role, you must haveChartered Accountant (CA), CPA (US) or ACCA (UK)7+ years (post qualification) in Big 4s/ fund houses/ leading audit firmsWhat we look forA Team of people with commercial acumen, technical experience, and enthusiasm to learn new things in this fast-moving environmentAn opportunity to be part of a market-leading, multi-disciplinary team of 7200 + professionals, in the only integrated global assurance business worldwide.Opportunity to work with EY GDS Assurance practices globally with leading businesses across a range of industriesWhat working at EY offersAt EY, we're dedicated to helping our clients, from start-ups to Fortune 500 companies - and the work we do with them is as varied as they are. You get to work with inspiring and meaningful projects. Our focus is education and coaching alongside practical experience to ensure your personal development. We value our employees, and you will be able to control your own development with an individual progression plan. You will quickly grow into a responsible role with challenging and stimulating assignments. Moreover, you will be part of an interdisciplinary environment that emphasizes high quality and knowledge exchange. Plus, we offer:

Support, coaching and feedback from some of the most engaging colleagues around
Opportunities to develop new skills and progress your career
The freedom and flexibility to handle your role in a way that's right for you

EY | Building a better working worldEY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets.Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow.EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. Fueled by sector insights, a globally connected, multi-disciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories.

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