Associate - Middle Office

2 weeks ago

Bengaluru Karnataka, India LRI Invest Full time

Description

ASSOCIATE - Middle Office

PUNE & Bangalore

Reporting

The position reports to AVP Middle Office

Key duties and responsibilities
- Responsible to book daily trades into Middle office system.
- Prepare Cash/Position/Market Value Reconciliations and resolving breaks. Notify Clients/CSMs of valid breaks. If any breaks are due to an erroneous or missing transaction in Accounting system, then make necessary adjustments.
- Review Reconciliation and provide sign off to client.
- Process Trade affirmation and confirmation.
- Reviewing the corporate actions booked in the system and ensuring that the same is correctly reflected in the books. Dividends/Interest Reconciliation with Broker reports
- Independently price the Investment positions on a daily & monthly basis.
- Responsible for accruing/amortizing daily or monthly non-security related Fee accruals
- Review the PNL before delivering the report to client.
- Process non-automated transactions including OTC derivatives and their related cash movements.
- Effective communication with clients on daily reporting of Reconciliation/Query resolutions.
- Checking that all OTC products traded by the client have been booked correctly.
- Support operations on projects related to Automations/Work migrations/Conversions etc.
- Support global changes in Key operating procedures and implementation.
- Coordinating with Internal/External Stake holders such as Securities/Trades and Pricing Team, Reporting Team, Client Service Managers and Clients.
- Ensure to get cross trained within process and transfer the Knowledge between the team.

Skills Required
- Experience working with an investment management or finance-related firm.
- Good knowledge of the investment industry with 5+ Years in Hedge/Mutual Fund administration or related industry experience.
- Familiarity with Calypso/Paxus will be an added advantage.
- An ability to think critically and objectively.
- Experience with reconciliation and break resolution and, with demonstrated attention to detail and accuracy, analytical, technical, organizational, and problem-solving skills.
- Proficiency in advanced Excel functions.
- Excellent communication and inter-personal skills.
- Work additional hours as needed.

Qualification and Experience:

- Post graduate in Commerce, MBA Finance, CA/CMA/CFA
- Minimum 5 years of Hedge/Mutual Fund reconciliation and break resolution experience.

What you will get in return:

- A genuinely unique opportunity to be part of an expanding large global business
- Exposure to all aspects of the business, cross-jurisdiction and to working with senior management directly

Additional information

We measure our success as a business, not only by delivering great products and services and continually increasing our assets under administration and market share, but also by how we positively impact people, society and the planet.

For more information on our commitment to Corporate Social Responsibility (CSR) please visit our CSR policy page.

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