Fund Accounting Expert (West Bengal)
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New Era India Consultancy Pvt. Ltd. – Date posted: 23 Mar 2018
Purpose of Department
Purpose of the department is to generate NAV, prepare valuation packs, Customised NAV reporting and Investment Compliance monitoring for Bank’s Fund Services.
The incumbent needs to:
Review the GAV/NAV Packs
Review the deliverables of upstream shells with regard to accuracy of breaks reported.
Perform maker activities as and when required
Raising the exceptions with appropriate teams to ensure the clearance of the same before finalizing the pack.
To be the primary contact for Business Partners in relation to any query related to valuations
To support the Manager in delivery of valuations and creating efficiency in the NAV Shell.
To develop and maintain mutually respectful & successful relationships with internal customers & business partners.
Participate in monthly BAU/Governance calls with various stake holders.
Timely and regular communication with the various stake holders
Leadership & Teamwork
Ensure continuous process related updates are cascaded to the fund administrators on an on-going basis.
Undertake/conduct trainings/cross training for all staff including existing and new staffs and monitor the same in an on-going basis.
Perform any additional responsibilities that may be required by the Supervisor in support of the on-going management and development of the division.
Perform UAT testing as and when required.
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.
Responsible for improving the teams overall quality, productivity and communication.
Contribute towards building an enthusiastic and motivated team
Demonstrate Group Values and principles.
Operational Effectiveness & Control
To maintain bank’s internal control standards and support internal/external reviews including the timely implementation of audit points.
Ensure GAV/NAV operating procedure is followed with management of risks (if any)
Continually assess the risks inherent in department processes and procedures.
Identify and reduce manual processes for enhanced operational control. Support and implement technology up gradation.
Updating all MIS/trackers as required by the process.
Enhancements to Job-Aid Matrix, SOP, process notes, checklists, KPI and internal processes as and when required.
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 for both BP & SSO Kolkata.
Undertake/participate in projects for improvement in delivery quality and/or timeliness.
Complete IOC for captured roles and act as a back-up for the line manager
Applicant should have a Bachelors degree in commerce
3-5 years of relevant Funds administration experience.
Complete understanding of Trade Life Cycle
Excellent knowledge of Capital Markets and Financial instruments.
Excellent knowledge in accounting principles and fundamentals of Accounting.
Excellent knowledge in NAV Calculation process with clear understanding of the E2E Fund Accounting Model.
Proven working knowledge in IMS, Multifonds, ICON, Bloomberg, etc.
Ability to update, manage and analyze MI related activities.
Basic knowledge in custody, brokerage, depository, investment accounting, mutual funds and reconciliations.
Possess good analytical and problem-solving skills.
Proficiency in EXCEL essential.
Ability to speak and understand English
Excellent interpersonal and team work skills.
Organized and detail oriented.
Ability to re-prioritize workloads due to changing circumstances; meet strict deadlines…