Senior Associate
3 weeks ago
At Genpact, we're driven by our innate curiosity, entrepreneurial agility, and desire to create lasting value for clients. Our 125,000+ people across 30+ countries serve and transform leading enterprises, including the Fortune Global 500, with our deep business and industry knowledge, digital operations services, and expertise in data, technology, and AI.
Mutual Fund Operations Role Overview
This position is responsible for back-office functions for our client in the Mutual Fund Income-Wealth Operations space. In this role, you will be working on Mutual Fund Income and will be responsible for pre-balancing of income payments for Mutual Funds, requiring a sound understanding of the cash flow from Fund Manager to Custody to client. You will also be responsible for releasing payments to all clients on the pay date within the defined SLA, completing post-balancing activities such as clearing out of balances, following up with Fund Managers/custodians regarding income discrepancies, and handling income claims from counterparties.
Key Responsibilities
- Knowledge of banking operations, preferably Mutual Funds and/or Money Market fund operations.
- Good knowledge of all types of Mutual Funds, such as Unitized, Private Equity, Limited Partnership, Non-unitized, Monthly series, and daily and monthly funds.
- Understanding of the Mutual Fund income cycle.
- Hands-on experience with Mutual Fund Income, equalization, and required documentation.
- Good knowledge and understanding of Income pre-balancing and posting tasks.
- Experience with posting transactions on accounting books for exception resolution.
- Ability to work effectively as a member of a team individually.
- Experience with applications like AddVantage, Trust Desk & Global Plus would be an added advantage.
- Good knowledge of Risk and Control framework.
- Good knowledge of MS Excel is required.
- Good communication skill to establish strong relationships with onshore counterparts and handle onshore queries.
Qualifications We Seek
- Any Graduate (PG an added advantage).
- Effective probing & root cause analysis skills.
- Proficiency in MS Office skills.
Preferred Qualifications
- Relevant work experience in an Associate role or previous experience in a middle/back office in a financial services firm is a must.
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