Associate - Commercial Finance - BFSI

Position - Associate Commercial Finance

Location - Mumbai

Qualification required -CA / MBA and CPA

Key Responsibilities ;

Fund Accounting Function Backup:

- Reconciliation of loan ledger to the GL daily and maintaining the daily cash reconciliation

- Daily preparation/posting of loan ledger and other adjusting entries into the general ledger

- Maintaining the good faith deposit repository including responding to internal and external inquiries from business users and clients

- Setup and maintenance of client payoff accounting records regarding return of funds and reserve Treasury Reporting:

- Responsible for daily and weekly capital availability and credit facility ineligible change analyses

- Responsible for weekly BUD file and borrower/availability comparison analyses

- Responsible for monthly portfolio related deliverables involving key stats, non-accrual and deal trackers, yield calculations, interest and fee variances, roll forwards, projections and other portfolio reporting needs

- Responsible for quarterly portfolio stats and performance analyses including trailing three month reports

Financial Reporting:

- Maintain monthly trial balance at the fund level utilizing MS Dynamics 365

- Roll forward of fund level financials in excel template to arrive at various metrics for presentation to management

- Will serve as backup for accounting associate/analyst as it relates to the following accounting functions

- Daily reconciliation of foreign currency transactions

- Preparation of monthly supporting schedules to the financials in adherence with departmental policies and timelines

- Monthly financial analysis inclusive of variance analysis and commentary

Accounts Payable Function Backup:

- Resolve vendor inquiries (i.e. payment status, remittance advice, etc.) and internal issues (i.e. system difficulties, processing errors, etc.) in a timely and professional manner owning the issue end-to-end

- Collaborate with on-shore and off-shore teams (Corporate Accounts Payable, Corporate Accounting, Fund Accounting, & Business Users) ensuring operational activities are executed flawlessly such as cash reconciliations, fund/deal confirmations, system support, and system reconciliations

- Responsible for accounts payable tracking and reconciliation via the COUPA A/P tool and other department tracking files and updating supporting schedule