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Job Code
1437585
Manager Investment BO
JOB SUMMARY:
- Lead the Investment accounting process. Perform a checker/ reviewer role in the process
- Leading the investment system replacement project for investment process including discussion with implementation partner, Creation of test cases, UAT testing, stakeholder management
- Understanding of execution process of trades in Indian markets like debt, Gsec, equity, Mutual fund, money market, etc.
- Managing Derivatives Desk to ensure Trade Execution, Settlements, Valuation, Margin Exchange and Reporting.
- Stewardship Compliance
- Ensure adequate controls are there and all reconciliations performed daily.
- Accounting in Financial system is performed daily.
- Understanding of NAV and its computation process including its impact to Policyholders.
- Ability to review the same basis excel computations and other checks.
- Knowledge of trade settlements. Understanding of execution process of trades in Indian markets like debt, Gsec, equity, Mutual fund, money market, etc. Ability to control team.
- Review of MIS and controls on cash management/ treasury operations.
- Understanding of derivative instrument allowed by IRDAI including knowledge of hedge accounting, Hedge effectiveness testing, documentation etc.
- Flexible in approach and ready to use technology and build additional controls around operations.
- Liaising with the auditors, appointment etc. Management of audits - statutory and concurrent
- Support conduct of meeting of Investment Committee of Board - preparation of agenda, deck, minutes, Investment policy, SOP review etc.
- Ensuring timely closure of month accounting.
- Support in monthly/quarterly/yearly internal reporting to financial team/shareholder.
- Understanding of IRDAI regulations on investment & derivatives.
- Leading/Support the various ongoing projects in the team.
- Work on system enhancement for Investment & reporting.
- Stakeholder management including Front office, middle office, Actuary
- Team Management
KEY RESPONSIBILITIES :
- Investment Operations - Ensure NAV is generated accurately on day-to-day basis and within the management acceptable timing.
- Derivatives: Managing Derivatives Desk to ensure Trade Execution, Settlements, Valuation, Margin Exchange and Reporting
- Accounting - Ensuring and review Investment accounting performed on daily basis.
- Compliance - Understanding of IRDAI regulations and continuous assessment towards compliance and study of new circulars, update to management with action.
- Reporting - Internal and external reporting on timely basis
- Reconciliation - Performance of various Bank and holding related reconciliation and MIS for analysis
- Managing Audits - Support to Concurrent Auditors and Statutory Auditors by providing timely data and ensuring successful completion of the same
- Adhoc - To cater the adhoc requirement from Mid office, Front office, Actuary and back office team for derivative related data.
- Projects - Working on Investment system project and bring it to closure within stipulated timelines focusing on automation, efficient processes.
- Settlements: Settlements of Deals, KYC, Banking Operations,
- Documentation - Ensuring proper agreement/term sheet/trade confirmations are in place with all bank.
MEASURES OF SUCCESS :
- NAV computed and processed daily without any errors and within acceptable time.
- No Reconciliations gaps
- Timely completion of month end accounting along with dissemination of various MIS on time.
- Analysis of the data time to time and appraise the management with important information.
- Compliance with the accounting standard and IRDAI.
- Timely completion of audits.
- Automation, compliance and improvement agenda resulting in improvement of processes.
- Timely submission of reports in line with regulatory and management requirements and continuous efforts to reduce time taken to make reports with enhanced controls
- Providing sufficient data to auditors and ensure that the audit is closed without pending issues
- Automation of reports/simplification of process/ system enhancement.
- Supporting the monthly/quarterly/yearly financial closing by providing the relevant information.
- Closure of Investment system projects within the given timeframe.
- Timely closure of investment system project with no CR and focusing of automation of process.
JOB REQUIREMENTS :
MINIMUM EDUCATION :
- Chartered Accountant/ MBA
MINIMUM EXPERIENCE:
- 4-8 years of relevant post qualification experience.
- Experience in NAV calculation, Derivatives, Settlements, Reporting and Investment accounting is mandatory.
- INDAS / knowledge would be added advantage.
- Experience in insurance company in NAV/Reporting would be Mandatory.
- Prior experience in system implementation for SAP will have added advantage.
- Mfund / Mpower / Credence / CBV system knowledge
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Posted By
4483
JOB VIEWS
454
APPLICATIONS
10
RECRUITER ACTIONS
See how you stand against competition
Pro
View Insights
Posted in
Banking & Finance
Job Code
1437585
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