Investment funds need accountants who can track every rupee and dollar of investor money. Fund accounting jobs in India support US funds, usually on night shifts. Career Guideline currently has openings in Hyderabad for hedge fund accounting and private equity.
This guide explains the work, the skills employers list, and what recent openings pay.
What fund accountants do
- NAV calculation: working out the fund's net asset value, the price per unit of the fund.
- Capital calls and distributions: recording when investors send money in and when the fund pays money back.
- Waterfall calculations: splitting profits between investors and fund managers by agreed rules.
- Management fees: calculating what the fund manager charges.
- Reporting: preparing statements and answering questions from investors and clients.
Hedge funds vs private equity
Hedge funds trade often, so their accounting tracks frequent transactions and valuations. Private equity funds hold investments for years, so the accounting focuses on capital calls, distributions and waterfall calculations. Recent openings listed all of these skills.
What recent openings paid
- Hedge fund accounting, subject matter expert (Hyderabad): 4+ years of experience, US night shift, work from office, up to ₹12 LPA, with a 30% hike on last drawn salary mentioned.
- Private equity, team manager and subject matter expert (Hyderabad): US night shift, notice up to 1 month. The team manager role asked for 8+ years in private equity.
These figures come from real openings posted by Career Guideline and are not guarantees. Pay depends on the company, your experience, your test scores and your interview.
Skills and background
- Commerce or accounting degree, with CA, CFA or MBA finance helping for senior roles
- Experience with fund accounting systems and strong Excel skills
- Knowledge of capital calls, distributions, NAV and waterfalls
- Attention to detail, since errors affect investors
How to move into fund accounting
Start in general accounting or finance operations, learn fund accounting concepts, and move into a fund administrator or accounting team. Senior roles pay noticeably more, so build experience in one area first. Related reading: capital markets operations jobs and accounting and CA jobs in Mumbai.
Frequently Asked Questions
What is fund accounting?
Fund accounting is the accounting for investment funds: calculating NAV, recording investor money in and out, and working out fees and payouts.
What is NAV?
NAV means net asset value. It is the value of a fund's assets minus its liabilities, usually shown per unit.
What is a waterfall calculation?
A waterfall calculation splits a fund's profits between investors and managers following agreed rules, in a set order.
What does a hedge fund accountant earn?
A recent Career Guideline opening for a hedge fund accounting expert in Hyderabad offered up to ₹12 LPA for 4+ years of experience.
Are fund accounting jobs night shifts?
Recent openings were US night-shift roles, working from the office.