Senior Executive - Fund Accounting

Hornbill Capital · India

ABOUT:

Hornbill Capital Services LLP (Hornbill Capital) was founded in 2014. Hornbill Capital ( has been managing Hornbill Orchid India Fund (HOIF), an offshore FPI fund since its inception in April 2015. The fund is an India-focused absolute return Public Equity fund focussing on internet and digital technology sector. Hornbill Capital also invests in late-stage growth capital Private Equity deals in internet and digital technology sectors in India. Hornbill Capital has been the lead investor in PhysicsWallah; Raise Fintech; and KreditBee. Through HOIF, Hornbill Capital has been an anchor investor in many marquee IPOs such as IndiaMART, Affle, Nazara Technologies, Latent View, Star Health, Supriya Lifescience, eMudhra Limited, Honasa Consumer Limited (Mamaearth), BlackBuck and Capillary Technologies.

In order to support its finance and operations activities, Hornbill Capital is seeking to add a team member for this function to support the growing activities of the firm. The role will actively support the middle and back-office operations of the firm. This shall include supporting the accounting, reporting, investor servicing, and operational activities of Private Equity and Hedge Funds managed by the firm. The successful candidate will be responsible for maintaining accurate trade records, financial records, supporting fund accounting processes, manage compliance/legal/treasury activities, monitoring service providers, and ensuring timely completion of all accounting, reporting, regulatory, and investor-related activities in accordance with international best practices.

This is a full-time, on-site role requiring close collaboration with internal investment and operations teams, as well as external stakeholders including administrators, custodians, auditors, tax advisors, and investors.

KEY RESPONSIBILITIES:

Fund Accounting and Financial Reporting:

o Maintain accurate books and records for Private Equity and Hedge Fund structures.

o Assist in preparation and review of daily, weekly, monthly, quarterly, and annual fund accounting activities.

o Support NAV calculations and verification processes for each fund and investment portfolio managed by the firm.

o Record and reconcile investment transactions, including purchases, sales, dividends, interest income, realized and unrealized gains/losses.

o Account for private equity investments, capital commitments, carried interest, management fees, and expense allocations.

o Prepare and review accounting entries and ledger reconciliations.

o Maintaining and processing payroll records.

o Assist in preparation of financial statements in accordance with applicable accounting standards and fund governing documents.

o Setup fund and corporate vehicle structures including related account setup with banks, custodians, other service providers and registrations with relevant regulators.

o Ensure timely completion of day-end, month-end, quarter-end, and year-end closing processes.

Investor Operations:

o Support all investor-related activities, including:

§ Subscription and redemption activities for public equity.

§ Capital call and distribution (calculations and notices) activities for private equity.

§ Investor onboarding and documentation review.

§ Maintenance of investor registers and capital accounts.

§ Processing investor transfers, where applicable.

o Maintain accurate investor records and reporting schedules.

o Assist in responding to investor information requests and due diligence questionnaires.

Fund Operations and Reconciliations:

o Perform cash, bank, custody, broker, and portfolio reconciliations.

o Investigate and resolve reconciliation breaks on a timely basis.

o Monitor cash movements, investment settlements, and fund expenses.

o Coordinate with custodians, brokers, administrators, and banking partners regarding operational matters.

Service Provider Oversight:

o Maintain strong oversight of outsourced fund administrators and other service providers.

o Review accounting records, NAV packages, capital account statements, and investor reports prepared by service providers.

o Track service provider deliverables against agreed timelines and service levels.

o Escalate operational issues, discrepancies, and delays to management.

o Participate in periodic service provider review meetings.

Regulatory, Compliance and Tax Support:

o Assist in ensuring compliance with applicable regulatory requirements (Income-tax, TDS, GST, SEBI, RBI, AML/PMLA, FSC, MRA, IRS, etc.), fund governing documents, and internal policies.

o Support direct and indirect tax reporting, filings, and information requests from tax advisors and regulators across all applicable jurisdictions (India, USA, Mauritius, etc.).

o Maintain documentation and records required for audits, regulatory inspections, and investor due diligence reviews.

o Assist in implementation and monitoring of internal controls and risk management procedures.

Management Information and Reporting:

o Prepare periodic MIS reports for management covering:

§ Firm’s financial performance.

§ Fund performance metrics.

§ Cash and liquidity positions.

§ Investor activity summaries.

§ Operational and accounting KPIs.

§ Service provider performance metrics.

o Support ad hoc reporting and analysis requests from senior management and investment teams.

o Identify process improvement opportunities and contribute to automation initiatives.

KEY DELIVERABLES

· Timely completion of all daily, weekly, monthly, quarterly, and annual accounting and operational activities.

· Accurate maintenance of fund books and records.

· Timely processing of capital activities of the investors.

· High-quality financial and investor reporting.

· Effective monitoring and oversight of service providers.

· Accurate and insightful MIS reporting to management.

· Compliance with regulatory, tax, and internal control requirements.

REPORTING:

· This position will report to the Manager.

GENERAL QUALIFICATIONS/REQUIREMENTS:

· Bachelor’s degree in Accounting, Finance, Commerce, or a related field.

· CA, CFA, ACCA, CPA (completed or pursuing) preferred.

· 0–2 years of experience in fund accounting, financial reporting, audit, asset management, fund administration, or related finance functions.

· Exposure to Private Equity, Venture Capital, Hedge Funds, Alternative Investment Funds (AIFs), or fund administration environments is preferred.