Financial Operations Associate
4 weeks ago
Job Description
Roles and Responsibilities
- Act as an intermediary between funds and their investment managers, serving as the official record keeper for the funds.
- Prepare daily Net Assets Values, yields, distributions, and other fund accounting output in a timely and accurate manner for subsequent review.
- Ensure fund income and expenses, including management and performance fees, are accrued for and in accordance with relevant accounting standards.
- Process all capital activities, including subscriptions, redemptions, and transfers, accurately and in a timely manner.
- Manage daily cash flow of trades and monitor fund cash-flows, processing incoming and outgoing cash movements related to capital activity.
- Independently complete cash, portfolio, and capital reconciliations, investigating and resolving any discrepancies.
- Prepare Investor and Client reports, including Audit confirmations, Trade confirmations, etc.
- Communicate transactions associated with the fund(s) and work closely with internal and external clients to provide accurate and thorough accounting packages.
- Identify exceptions and problems affecting accounting records and prices, communicating same to management, and assisting in their resolution.
- Correspond with external and internal stakeholders regarding day-to-day fund inquiries, including entering security trades, fee payments, cash position breaks, and reconciliations.
Requirements for this role include:
- University degree or equivalent with 3+ years of formal studies in Finance/Accounting principles.
- Knowledge of Capital Market.
- Good understanding of different financial instruments, derivatives, and corporate actions.
- 1-2 years of experience in capital market.
- Knowledge of basic MS-Excel functions.
- Open to work in any shift per business requirement.
- Prior working experience in Geneva, InvestOne, Bloomberg, etc. would be an added advantage.
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