Associate Level 1

ASSOCIATE LEVEL 1 (JOB NUMBER: FA 002015) **Job Description - APAC** **Job Title**: ASSOCIATE LEVEL 1- RECONCILIATION OFFICER **Date**: **Department**: FUND ACCOUTING - RECONCILIATIONS **Location**: CHENNAI/MUMBAI **Business Line / Function**: INVESTMENT AND FUND SERVICES OPERATIONS **Reports to**: - (Direct)_ ASSISTANT MANAGER/ASSISTANT MANAGER LEAD **Grade**: (if applicable) NA - (Functional)_ **Number of Direct Reports**: NA **Directorship / Registration**: NA **Position Purpose** This role is an entry-level position that requires compulsory formal education with excellent communication skills. In this position, an associate level 1 performs the role of preparer and a part time checker/reviewer and has to deliver the reconciliations done between bank/out of bank assets Vs ledger accounts and save necessary back-up for further assimilation to stakeholders. An associate level 1 will also contribute by bringing in the exuberance, fresh ideas and previous work experience to the table in this fast changing environment. **Responsibilities** **Direct Responsibilities** - Acquire complete understanding of the reconciliation process & its related functions with various parties involved. For example: Custody, TA, Pricing, FDS, NAV, Corporate Actions, Transactions processing etc. - Strive to become a SME (Subject Matter Expert) of the process by acquiring complete knowledge of reconciliations processing across all funds & instruments types. - Ensure all reconciliation breaks in cash, shares, securities and derivatives are identified, investigated, followed-up and commented (as per standard commentary format) for each NAV calculation. - Ensure reconciliations are completed for each NAV calculation. - Should be able to contribute for double checking and review of reconciliations. - Completeness of reconciliations includes: - Identification of breaks. - Saving relevant back-ups whenever there are breaks in funds. - Closing of reconciliations on reconciliation tool (pControl/Intellimatch). - Update time on tracker upon completion of processing of reconciliations (on time). - Digital checks to be performed when reconciliation performed manually. - Adhere to quality SLA of 99% & above while performing reconciliations. - Adhere to timeliness SLA of 95% & above while performing reconciliations. - There should be no comebacks from NAV teams on the reconciliations performed. - There should be no incidents logged on reconciliations performed. - Regular follow-up on aged breaks to be done diligently and should be highlighted to supervisor for further escalation in case break not cleared. **Contributing Responsibilities** - Be proactive in resolving queries and escalate immediately to the supervisor on any issues/queries/escalations. - Ensure to complete ad-hoc duties which may arise from time to time, mainly on month ends, year-ends and system down-time scenarios. - Monitor the respective group mail box and respond efficiently to the queries. - Required to plan leaves in advance as per GSO policies and keep a tab on unplanned leaves. **Technical & Behavioral Competencies** - Excellent verbal and written communication. - Strong analytical skills, detail orientation, service commitment, solid organizational and interpersonal skills. - Ability to work independently, as well as in a team environment, prioritizes multiple tasks and meets strict deadlines - Proficient in Microsoft Office Applications and strong MS Excel skills required. - Should be self-motivated and energetic. **Specific Qualifications **(if required) Any graduate profile with excellent communication and analytical skills and basic knowledge on financial and capital markets. **Skills Referential** Behavioural Skills: Communication skills - oral & written Ability to collaborate / Teamwork Adaptability Attention to detail / rigor Transversal Skills: Ability to understand, explain and support change Analytical Ability Ability to develop and leverage networks Ability to develop and adapt a process Education Level: Bachelor Degree or equivalent Experience Level At least 1 year **Other/Specific Qualifications **(if required) **Should be flexible to work in any shift.** **Should be flexible to travel for migration (within / outside India).** **Primary Location**: IN-MH-Mumbai **Job Type**: Standard / Permanent **Job**: OPERATION PROCESSING **Education Level***: Bachelor Degree or equivalent (>= 3 years) **Experience Level***: At least 1 year **Schedule**: Full-time