What you'll own in this role?As Fund Accounting Manager for Carnelian's Mutual Fund business, the incumbent will manage Treasury / Banking operations and play a critical role in managing liquidity, inflows and outflows related to subscriptions, redemptions, dividends, expenses, reconciliations, and ensuring accurate, timely processing of all bank transactions and fund level settlements to ensure smooth operations across all schemes.The role involves co-ordination with Fund manager, custodian and banks to ensure compliance with SEBI regulations and optimal utilisation of cash.Key Responsibilities:Monitor daily cash positions across all mutual fund schemesEnsure adequate liquidity for purchase, redemption, dividends, expenses, and corporate actionsForecast short-term and medium-term cash flows for each schemeOptimize idle cash deployment in TREPs, liquid and money market instrumentsProcess Subscription receipts and redemption payouts across all schemesMonitor and process RTGS / NEFT / IMPS / Cheque / Online payment modesEnsure timely release of redemption and dividend proceeds to investorsProcess AMC and Scheme related expense paymentsCoordinate with RTA, banks, and custodians for payout processingPerform daily bank reconciliation of scheme and fund-level accountsTrack and resolve unidentified credits, debit mismatches, and stale transactionsFollow up with banks and RTAs on outstanding items and aging breaksMaintain reconciliation MIS and audit evidenceOperate and monitor scheme bank accountsSupport opening, modification, and closure of accounts as per SEBI normsMaintain bank mandates, signatory records, and KYC documentationCompliance and regulatory reporting:Ensure adherence to SEBI Mutual Fund Regulations, AMFI guidelines, and internal SOPsSupport internal, statutory, and SEBI auditsKey skills and competencies:3-4 years of experience in Fund Accounting with preferably a Mutual Fund House or in BFSIQualified CA's or Inter qualification will be preferred.Strong understanding of mutual fund operations,Knowledge of money market instruments, debt markets, and clearing mechanismsFamiliarity with SEBI regulations, AMFI best practicesProficiency in Microsoft Excel.About us:Carnelian Asset Management & Advisors was founded in 2019 by Vikas Khemani, Manoj Bahety, and Swati Khemani with a vision to build a world-class asset management organisation respected for its Excellence, Scale, and Culture. We currently manage ~USD 1.7 billion in Indian equities for the country's leading HNIs, family offices, and partners' own capital — across AIFs, PMS, Advisory mandates, and an offshore USD-denominated fund through our IFSC GIFT entity.Our investment philosophy is grounded in buying quality growth companies at a reasonable valuation, underpinned by our proprietary forensic framework and a disciplined approach to identifying larger themes, trends, and stocks ahead of the curve. Today we work with India's most respected wealth platforms, 600+ partners, 7,000+ clients, 10 locations and expanding across the country.We are dedicated to nurturing talent by providing the tools, mentorship, and environment needed for both personal and professional growth. If you aspire to be part of one of the fastest growing asset management company and want to redefine the future of investing with first principle’s approach creating a lasting impact for our investors our partners, and the industry at large – Carnelian is the place for you.
Job Title
Fund Accounting Manager