Financial Operations Specialist

1 month ago


Hyderabad, Telangana, India Alter Domus Full time

We are Alter Domus, a world-leading provider of integrated solutions for the alternative investment industry.

Our name means "The Other House," reflecting our commitment to being different. We believe in merit-based progress, open communication, and individual freedom to decide one's career path.

With over 5,000 experts worldwide in fund administration, accounting, tax, loan administration, and legal services, we take pride in being alternative.

We serve the world's leading asset managers, lenders, and asset owners with innovative technologies and unparalleled solutions for private equity, real assets, and debt capital markets sectors.

This is where standout talent advances what's possible in financial operations, corporate services, depositary services, transfer pricing, domiciliation, management company services, loan administration, agency services, trade settlement, and CLO manager services.

Role Overview:

The Financial Operations Specialist will play a pivotal role in overseeing the accuracy and timeliness of cash reconciliations within the North American Client Service Platform (NA CSP). This specialist will manage complex reconciliation tasks, provide guidance to team members, and assist in optimizing reconciliation processes.

This role ensures the smooth transition of reconciliation activities to the India-based team and supports ongoing process improvements.

Key Responsibilities:

Manage daily cash reconciliations for complex accounts, ensuring discrepancies are promptly investigated and resolved.

Review reconciliation reports to ensure accuracy and compliance with internal controls.

Serve as the first point of contact for escalations related to reconciliation issues, coordinating with the Manager for resolution when necessary.

Assist in the transition of cash reconciliation activities to the NA-based team, including providing guidance on knowledge transfer and process documentation.

Collaborate with cross-functional teams to support efficiency improvements and process standardization across the reconciliation function.

Ensure adherence to KPIs and SLAs, providing feedback to team members and making recommendations for process enhancements.

Participate in process improvement initiatives aimed at reducing reconciliation errors and improving cycle times.

Train and mentor team members on reconciliation processes, fostering a culture of continuous learning and improvement.

Requirements:

Bachelor's degree in finance, Accounting, Business Administration, or related fields.

3-6 years of experience in financial operations, accounting, or reconciliation.

Solid understanding of reconciliation processes and financial principles.

Proven experience in resolving complex reconciliation discrepancies.

Strong analytical and problem-solving skills.

Ability to train junior team members.

Proficiency in Microsoft Excel and reconciliation software.

Strong communication and stakeholder management skills.

Ability to work independently and as part of a team in a high-volume, deadline-driven environment.

Estimated salary: $65,000 - $85,000 per year.



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