One of our clients, A leading MNC Bank is looking for a right candidate for the below mentioned position.  Vice President - Fund Accounting  Basic Job Purpose:  - Is responsible for a team of associates responsible for the fund and partnership accounting for Hedge Funds, Fund of Hedge Fund and Fund of Funds.  - Is responsible for employee interviews, development and evaluations.  - Is responsible for leading projects intended to optimize operational efficiency and improve quality.  - Is responsible for leading projects to begin servicing new funds and convert existing funds from another administrator.  Specific Functions  Manage the Following Monthly, Quarterly and Other Periodic Activities  - For Hedge Funds and Fund of Funds:   a. Accumulation and summarization of portfolio activity from the funds' investment manager, banks, custodians and underlying fund administrators.  b. Review and recording of cash transactions.  c. Review and recording of expense activity.  d. Marking the value of the portfolio to market.  - Accumulation and summarization of investor activity from the funds' investor services agent.  - Calculation of fund level tax obligations.  - Preparation of expense budget analysis and expense calculations.  - Determination of the value of the funds and allocation of that value to each investor, including:   e. New issue income  f. Side pocket income  g. Management fees  h. Incentive allocation and crystallization, incorporating hurdles and preferred returns  i. Side letter agreements.  j. Preparation of Partners’ Capital Statement.  - For unitized (off - shore) funds, calculation of equalization.  - Calculation and review the funds' geometric returns.  - Coordination of the preparation and distribution of each investor's periodic capital statement.  - Preparation of unaudited financial statements.  - Preparation and distribution of other recurring and ad hoc monthly reports to internal and external parties.  - Preparation and review of Cash, Position, Interest, Dividend, TRS & Custody Reconciliation.  - Review of GAV / NAV Packages.  Management Responsibilities  - Maintain a controlled operating environment that complies with operational standards.  - Ensure team is escalating critical issues to Team Leader, Head of Operations and Relationship Management.  - Perform timely and regular reporting to Senior Management and Relationship Management.  - Act as technical and knowledge resource to the team/business unit.  - Work with associates, prime brokers, custodians, auditors and other third parties to ensure that all fund issues are being appropriately addressed.  - Understand and manage client expectations in conjunction with Relationship Management and as delegated by the Operation Head.  - Assess new and existing client relationships to identify new business opportunities.  - Liaise with HR to participate in the interview and selection of candidates for open positions.  - Hold regular team meetings to encourage associate feedback on all issues.  - Provide associates with objectives, hold regular one on one performance feedback meetings and perform formal annual associate reviews.  - Participate in the development and periodic review of training programs and facilitate training programs.  - Manage staff assignments in conjunction with client deliverables.  - Ensure that any team - specific procedures conform and are shared with other teams.  - Create, evaluate and revise operational standards.  - Create and use quality service measurement tools to ensure compliance with operational standards.  - Monitor quality assurance.  Education & Experience:  - Minimum of seven to ten years experience in financial services operations whose job requirements involve the use of general accounting concepts and the preparation of Hedge Fund/ FoF / Mutual Fund Reconciliation packs, three of which must include staff management  Premnath Bojan, Datamatics Staffing Services Bangalore.

Delhi NCR

VP - Fund Accounting - Bank 

VP - Fund Accounting - Bank  ,Job Description for VP - Fund Accounting - Bank  in GlobalHunt in  Delhi NCR for (10-15) years of experience. Apply Now!

Job Description for VP - Fund Accounting - Bank  in GlobalHunt in  Delhi NCR for (10-15) years of experience. Apply Now!