Assistant Manager Fund Accounting

5 months ago

Bengaluru, India FRI FIL India Business and Research Services Private Limited Full time

Description

Title: Fund Accounting Assistant Manager

Department: ISS COO - Fund Servicing Shared Services India

Location: Bangalore

Reports To: Fund Accounting Manager - Operations (Grade 5)

Level: 4

Department overview

ISS COO - Fund Services and Oversight (FSO) is the operational backbone of Fidelity International, crucial to the accurate, timely and efficient administration of our funds. Located in several global locations, we provide the middle and back-office functions for the company ranging from trade settlement, corporate action processing and NAV generation, through to the production of reports and accounts for our funds. In an industry that is becoming ever more complex it's essential that we can be creative and adaptable in the services and solutions we offer. Our mission is to add value in every aspect of investment administration by delivering excellent service with a combination of innovative flexible solutions, outstanding knowledge resources, and total commitment to our company goals, while optimising the cost structure of services supplied.

We achieve this by:

Providing a challenging and rewarding environment for our people Working with customers on developing timely, cost effective and creative solutions Constantly improving customer service delivery with strategic, scalable solutions in a risk-controlled environment

The Global Fund Accounting department, within FSO Operations, is responsible for all the tasks required to ensure our fund investors receive accurate returns and information. This includes calculating the daily NAV for each fund, maintaining accurate accounting records for over 2,000 funds, compiling statutory reporting for shareholders in line with accounting standards, completing fund level tax and regulatory reporting along with calculating income distributions. Three quarters of the NAV calculations are completed in house by the FIL Fund Accounting teams in Japan, Luxembourg, the United Kingdom & Ireland. The remainder of the NAV calculations are outsourced to third party administrators across Australia, Hong Kong, Taiwan and Korea where FIL Fund Accounting provide an oversight for these functions.

What you’ll do

This role will be part of the Fund Servicing Shared Services in India. The team is responsible for supporting the FSO teams globally and ensure the funds core accounting records are accurate and meet regulatory and accounting standards. You would be leading the FA function role for UK or Ireland and would be required to provide leadership to your team members with high quality of service delivery and support global FA team and ongoing transformation initiatives and audit reviews, etc

Key Responsibilities

Day to day management of a team of fund accountants Manage and seamlessly deliver process migrations from global locations. Recruitment, training, development, coaching and motivation. All fund accounting controls are completed, and accounting records are accurate and up-to-date, Ensure daily accounting data is input into the books and records of the funds accurately Production of key deliverables to SLA’s. Review of productivity and efficiency of the team with focus on controls, procedures and risk mitigation, Management of relationships with key internal and external stakeholders, Production of management information for key stakeholders, Implementation and maintenance of an effective control framework to ensure the integrity of the books and records of all products Create an environment of continuous improvement within the team Execute / Support actions and next steps for the implementation of target operating models Be an advocate for the department across the enterprise

Experience and Qualifications Required

Bachelor’s degree in accountancy or Finance Preferably Qualified accountant or qualified through experience Relevant Fund Accounting experience / knowledge Good working knowledge of Office applications, particularly Excel and Access

Essential Skills:

Timely and accurate delivery of all functions performed within FA India team Excellent communication skills Strong planning skills & Management experience Knowledge of the asset management industry Have a flexible approach, be self-motivated and a strong team player. Excellent attention to detail and ability to identify issues of potential risk Ability to work under pressure and to tight deadlines Work closely with various global teams to provide necessary support. Support change and transformation initiatives Demonstrate good people management skills Work collaborative with technologies and bring innovative ideas, automation and best practice on the table.

Key Competencies

Self-motivated with a strong desire to succeed Comprehensive understanding of risk and control methodologies Own the outcome - takes personal accountability Ability to operate in a rapidly changing and dynamic environments, working respectfully across cultures and clear emotional intelligence

Feel rewarded

For starters, we’ll offer you a comprehensive benefits package. We’ll value your wellbeing and support your development. And we’ll be as flexible as we can about where and when you work – finding a balance that works for all of us. It’s all part of our commitment to making you feel motivated by the work you do and happy to be part of our team.

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