Associate

ASSOCIATE (JOB NUMBER: FA 001661) **Job Description - APAC** **Job Title**: **Associate - Fund Accounting** **Date**: 10/01/2019 **Department**: IFSO **Location**: Chennai/Mumbai **Business Line / Function**: FUND ACCOUNTING **Reports to**: - (Direct)_ Assistant Manager **Grade**: (if applicable) Junior Level - (Functional)_ Assistant Manager **Number of Direct Reports**: 0 **Directorship / Registration**: **Position Purpose** We are looking for an ambitious fresh mind to provide support to the fund accounting department by managing daily NAV calculation and support function tasks. You will be part of a team of professionals working to maintain accounting books of Mutual funds. **Responsibilities** **Direct Responsibilities** - Acquire complete understanding of NAV Calculation & its related functions with various parties involved. For example: Custody, TA, Pricing, Corporate Actions, etc. - Become a SME (Subject Matter Expert) of the process by acquiring complete knowledge of NAV Calculation Processing & Review across all funds & instruments types. - Ensure all reconciliation breaks in TA, Cash & Stock are validated and justified for each calculated NAV. - Ensure NAV calculations are produced in a timely manner as per SLA. Completeness of NAV packs includes accurate report generation, timely delivery of reports, scanning & archiving. - Adhere to Quality SLA of 98% & above while processing NAVs. - Be proactive in resolving queries and escalate immediately to the supervisor on any issues/queries/escalations. - Participate in preparation of Key/Standard Operating Procedures for each process migrated to Chennai. - Consistently evaluate the documented procedures to ensure they are complete, accurate and up to date. - Carry out other ad-hoc duties may arise from time to time, mainly on month ends & year ends. **Contributing Responsibilities** - Monitor the respective group mail box and respond quickly to the queries. - Adhere to timeliness and quality as stated in SLA. - Ensure there is NO Financial impact/loss to the organization. - Ensure ISAE 3402 checks are understood and followed. 100% compliance is must for all NAV packs. - Act as a back-up in the absence of other team members. - Ensure to minimize the unplanned leaves, especially during business critical days, like month end, rollover days and migration of new funds. - Should come up with minimum one process improvement/automation initiative per quarter. - To share the process/product knowledge with fellow team members. **Technical & Behavioral Competencies** - Ability to communicate to others in a clear, articulate fashion. - Good written and oral communication skills. - Good listening and questioning ability. - Be able to express ideas effectively in individual and group situations - Ability to plan work ahead and to prioritize workload. - Ability to work in an organized manner. - Must have an attention to detail - Generate creative solutions to problems. - Always looks for ways to improve services and processes. - Be able to adapt to markets and clients evolution. **Specific Qualifications** Accounting/Commerce **Skills Referential** Behavioural Skills: Attention to detail / rigor Ability to collaborate / Teamwork Communication skills - oral & written Client focused Transversal Skills: Ability to understand, explain and support change Ability to develop and adapt a process Ability to develop and leverage networks Analytical Ability Ability to inspire others & generate people's commitment Education Level: Bachelor Degree or equivalent Experience Level Beginner **Other/Specific Qualifications **(if required) **Primary Location**: IN-MH-Mumbai **Job Type**: Standard / Permanent **Job**: OPERATION PROCESSING **Education Level**: Bachelor Degree or equivalent (>= 3 years) **Experience Level**: Beginner **Schedule**: Full-time