Manager - Fund Accounting - Financial Services

We are looking at hiring fund accounting Manager with a minimum of 10 years of experience for one of our leading client across Financial services industry. Please do find below the detailed job description for the position,

Job title - Manager, Fund accounting

BU - Fund accounting

Work timing - Shift base

Job Summary:

The ideal candidate for this position will possess strong know how of the process and act as an effective back-up to his/her supervisor. The position will work closely with the Fund Accounting team to keep them motivated and devise continuous ways to improve the process.

Job responsibilities:

Direct responsibilities will include,

1. Service Delivery:

- Become a SME (Subject Matter Expert) of the process by acquiring complete knowledge & understanding of NAV Calculation Processing & Review across all funds & instruments types.

- 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.

- Ensure all reconciliation breaks in TA, Cash & Stock are validated and justified for each calculated NAV.

- Ensuring the KPI's are kept in Green at all times.

- 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.

- Prioritize the work and conduct investigation with due diligence on all the discrepancies.

- Carry out other ad-hoc duties may arise from time to time, mainly on month ends & year ends.

- Ensure review of critical queries before sent. Where issues/errors arise ensure detailed analysis of issues and clear understanding is gained before responding to client, spoke or other parties.

- Ensure that the Reports are thoroughly reviewed and most updated information is provided.

- Should assist Manager in preparing & reviewing reports.

2. Financial

- Adhere to Quality of 100% while producing & reviewing NAVs.

- Ensure there is NO Financial impact/loss to the organization.

3. People

- Manage staff on daily BAU and to take corrective measures/actions, if required. Updating required staff/team adequately on any changes/new events impacting BAU. Should be proactively escalating the BAU/Staff issues to Manager.

- Identifying the staff training requirement & ensure all the necessary training has been provided to the team members to perform the relevant tasks.

- Conducting Daily Team huddles, Weekly Team meetings and regular one on ones with team.

- Develop SMEs and ensure that, the Back-up management tool is in place for all the team members.

4. Risk Management

- Enforce 100% compliance of ISAE3402. Carry out sample testing on daily basis & document the results.

- Ensure procedures are in place to effectively deal with exceptions and that they are reviewed, researched, documented and resolved in a timely manner.

- Identify the manual steps, process efficiencies & developments, by providing practical ideas on areas of improvements & work towards its automation.

- Ensure to minimize the unplanned leaves, especially during business critical days, like month end, rollover days and migration of new funds.

Contributing responsibilities will include :

- 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 backup in the absence of other team members.

- Assist supervisor in resource planning and BAU planning.

- Continuously strive to improve the process and bring efficiency in the chain

- To share the process/product knowledge with fellow team members.

Job Requirements:

- Ability to communicate to others in a clear, articulate fashion.

- Good people management/team player skills

- 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 client's evolution.

- Qualification - Accounting / Commerce

- Minimum of 10-12 years of experience in fund accounting