Alternative Operation Fund Accounting-Senior Associate

19 hours ago

Chennai, Tamil Nadu, India State Street Full time ₹ 8,00,000 - ₹ 24,00,000 per year

Who we are looking for

  • At least 3+ years of experience in (Investment Banking) Hedge Fund/ Capital markets/ Fund Accounting along with Reconciliation & Resolution teams for both Cash and Position
  • Experience in Investment Banking and AMC's handling Fund Accounting operations preferred
  • Understanding of Investment Manager and Custody business will be a plus
  • Sound Knowledge on Capital markets and trade flow is required. Knowledge on Derivative products.
  • Good knowledge upstream and downstream process is required – Knowledge on NAV/Custody processes.
  • Knowledge on Geneva application will be an added advantage

What you will be responsible for

  • Daily Cash and Position Reconciliation between fund and Broker.
  • Hedge fund Reconciliation activity for Cash, Cost, and Position & Long-term & Short-term Gain/Loss Realization for the individual portfolio.
  • Reconciliation of Dividend & Market Valuation of the portfolio during month-ends for the fulfillment of calculation of GNAV.
  • Review and validate deliverables are completed within the specified SLA's
  • Create process flows for the various sub-process so that a repository is created for repeated trainings in the future
  • Strong Excel - MIS Reporting skills and Word Documents – SOPs
  • Should be willing to work in shifts
  • Strong SME skills to trouble shoot process issues
  • Business continuity management for the respective team
  • Drive process excellence initiative for the team.
  • Managing Client expectation and proactive approach is a must
  • Individual will have a strong customer service and operational focus and will provide integrated, value-added services to our clients

What we value

These skills will help you succeed in this role

  • Hands on experience in using Bloomberg Terminal for searching information on Corporate Actions, verifying coupon accruals for bonds and Price for securities.
  • Good domain skills in the reconciliation processes especially pertaining to market value recon, transaction and cost recon.
  • Exposure with portfolio accounting, General ledger systems
  • Candidate should be having sound knowledge on matching process & should be able to suggest & advise on matching rules & improvements
  • Comprehensive knowledge on Research & resolution on all recon breaks such as trade break/Corporate action breaks & other product related breaks
  • Candidate should be able to identify & report the process risks in the recon process
  • Exposure to trading instruments like Equities, Options, Bonds, Futures, Spots and Forwards, Bank Debts, Credit Default Swaps (CDS) and Contract for Difference (CFD Swaps).
  • Lean/Six sigma certification will be a plus.
  • Sound understanding of Risk excellence measures within the organization.
  • Understanding on Robotics & BPM.
  • Excellent People skill. Should be able to drive 10 to 15+ team in right direction
  • Lead and manage a team in day-to-day production of various Recon types
  • Ability to handle bigger span and adhere to strict timelines and quality deliverables
  • Good interpersonal, communication and people management skills
  • Ability to interact with BU / Global head effectively and manage SLA's

Education & Preferred Qualifications

  • Bachelor / Masters in Accounting/MBA Finance
  • NISM/NSE Certifications
  • CISI Certifications
  • MOOC Certifications

Additional Requirements

  • Ability to adhere to strict timelines
  • Good interpersonal and communication skills
  • Ability to work under tight timelines
  • Willing to work in any shifts.

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