Senior Fund Administrator

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HSBC is one of the largest banking and financial services organisations in the world, with operations in 62 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Senior Fund Administrator

Business: GBM

Principal responsibilities

The working environment is very professional and the incoming individual will have to meet the work related challenges with the same zeal.Review and Prepare (as required) accurate NAV packs, Stat Reporting or Global Tax on timely basis with expected quality.Responsible to ensure quality pack deliverables for several portfolios of Alternate & Traditional funds, Stat reporting or Global TaxOperate in accordance with departmental procedures, thereby ensuring compliance with PLA, FIM and group policies on compliance / standards.Our clients operate in a highly regulated environment and it is of paramount importance that all internal controls and standard procedures are complied with at all times. Failure to comply could lead to damage to the Bank's reputation in the marketplace.Implement key changes in the process and deliver continuous process improvement.Handling of queries from other departments & business partners.Engage with the internal customer through participation in the service calls, prompt & accurate reporting of KPI/issues/ prompt response to ad –hoc queries.Capture accurate and right data (ICATs, daily tracker etc) for purpose of MIS Role will be of individual contributor nature and will not have team reporting to the role.The role will operate within the orbit of the NAV Shell of Funds services and will require technical excellence to achieve target deliverables.The role will interface with all other MSS Departments and with HSBC global offices as appropriate. To maintain HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.

Senior Fund Accountant

Review NAV packs, Stat Reporting or Global Tax on timely basis with expected quality.Responsible to ensure quality pack deliverables for several portfolios of Alternate & Traditional funds, Stat reporting or  Global TaxPromote relentless focus on service quality across Fund portfolios, demonstrate the level of commitment and the time management skills necessary to achieve deadlines and should be continuously strive to improve the valuation process and procedures.Operate in accordance with departmental procedures, thereby ensuring compliance with PLA, FIM and group policies on compliance / standards.Implement key changes in the process and deliver continuous process improvement.Handling of queries from other departments & business partners.Engage with the internal customer through participation in the service calls, prompt & accurate reporting of KPI/issues/ prompt response to ad –hoc queries.Capture accurate and right data (ICATs, daily tracker etc) for purpose of MIS Role will be of individual contributor nature and will not have team reporting to the role.The role will operate within the orbit of the NAV Shell of Funds services and will require technical excellence to achieve target deliverables.The role will interface with all other MSS Departments and with HSBC global offices as appropriate. To maintain HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.There may be ideas/Initiatives/projects to reduce direct and indirect costs and to achieve sustainable savings

Customers / Stakeholders

Individual will be responsible for supporting Fund Services - Accounting & Valuation and Stat Reporting covering Europe for single or multiple clientsPrimary responsibility of preparing NAV packs and performing checker activities as and when required.Making / Reviewing of Financial statements and Year-end Tax working papers as per requirementRaising the exceptions with appropriate teams to ensure the actions of the same before finalizing the pack.To develop and maintain mutually respectful & successful relationships with internal customers & business partners.Ensure all service deliveries are timely, accurate and in line with PLAs, agreed standards, client commitments and BP expectations

Leadership & Teamwork

100% technical role, responsible for core processing and reviewing activitiesRole will be of individual contributor nature and will not have team reporting to the role.To share process related best practices with the team.Initiatives to demonstrate the application of principles in the day-to-day work environment Participation and support provided to initiatives taken by other teams.Perform any additional responsibilities that may be required by the Supervisor in support of the on-going management and development of the division.Be involved in the project / support related activities as and when it arises.Undertake/conduct trainings/cross training for all staff including existing and new staffs.Being proactive in identifying root cause for process related challenges and share qualitative resolution.Be flexible to adopt in different working environment with counter parts across the globe.Demonstrate Group Values & principlesDeputize the line manager in his / her absence and manage team / deliverables effectively.

Operational Effectiveness & Control

Processing / Reviewing average NAV packs on annual basis, 40-50 Financial statements or Multiple Tax reportingTo maintain HSBC internal control standards including the timely implementation of audit points.Updating all daily MIS/trackers as required by the process.Complete all Mandatory trainings as and when required.Ensure timely follow up on the open & outstanding issues that hinder the valuation. Ensure, Escalation Matrix is followed as per agreed between Business Partners and MSS Kolkata.Undertake/participate in projects for improvement in delivery quality and/or timeliness.  Identify and reduce manual processes for enhanced operational control. Support and implement technology up gradationEnhancements to Job-Aid Matrix, SOP, process notes, checklists, KPI and internal processes as and when required.Continually raising the risks that have been identified / observed in department processes and procedures.Support audit process and recommendations on a timely manner

Qualifications 

Bachelor's degree in accounting or other qualifications relevant to the accounting/finance industry.2-5 years of relevant/accounting work experience.Excellent knowledge of Capital Markets, Financial instruments, Accounting and its Principles.Excellent knowledge of end-to-end product and process, multiple market and regulations.Good Knowledge in Global Tax working papers will be preferredProficiency in EXCEL essential.Ability to Speak and understand English and communicate effectively.Good interpersonal, teamwork skills, organized, Proactive with solutions and detail oriented.Ability to prioritize and work in pressured environment.Excellent Team Management skills with ability to handle allocation and day to day planning and strong team bonding. Ability to build excellent rapport and working relationship with other departments and jurisdiction thus ensuring smooth operations.Ability to drive without push and drive team towards target achievementEfficient Time Management and ability to multi task work and priorities to meet defined deadlines

What additional skills will be good to have?

CA/ ICWA/ CS / PGDBM/MBA in Finance preferredEnd to end Fund Accounting / Financial Reporting Knowledge and regulations pertaining to the fund services industry will be added advantageKnowledge in custody, brokerage, depository, investment accounting, mutual funds and reconciliations in Fund Industry will be added advantage.Knowledge of Accounting Standards (US GAAP and IFRS)Must be aware of the operational risk scenarios associated with this role and act upon pertinent risk (if any).Working knowledge of Bloomberg / Reuters, other reconciliation and accounting applications  used across industryLife cycle of NAV processWill be expected to maintain HSBC internal control standards, including the timely implementation of  internal and   external audit points, together with any issues raised by external regulators

You'll achieve more at HSBC 

HSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and, opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role."

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