AVP - NAV & Fund Accounting - BFSI/IT/BPO

Job summary

Roles and responsibilities -

- This role being recruited for is a very senior high profile position, which will involve working closely with the current Head of Fund Administration Operations.

- The candidate for this position will be responsible for Fund Accounting Operations

- He / She will be expected to run the operational areas on a day to day basis for team of 125 - 150 FTEs.

- The Candidate will be expected to work closely with FA Business Unit Head and Managers within FA as well across Securities Services locations to support ops transformation and business growth

- The role requires very strong Organisational and People Management skills

- Solid technical understanding of Fund Accounting / Fund Services functions is expected.

- Previous experience of running a large Operational area on an International basis is essential.

- Demonstrated commitment to continuous process improvement is required.

- The Candidate will report to the Head of Fund Administration Operations and Senior Manager/Managers -would be reporting into this position.

- The position interfaces with other Senior Managers, Business Analysts, Business Managers, Mid Office Staff, Relationship Managers, Clients and other Securities Services Offices in Europe and Asia.

Knowledge and skills required

- Prior work experience of at least 10 years+ in FA Domain

- End to End exposure in Fund Accounting Stream with knowledge of Mutual Fund, Pension Fund, Hedge -Fund Accounting

- Basic knowledge of upstream teams like Middle office, Pricing, Corporate Action, Trust Services etc. Interest and Experience in FA Operational Transformation

- Business Migration Expertise - Must have handled Business Continuity Exercises

- Resources Hiring and Training Skill

- Internal and External Audit Management

- Re-engineering of Legacy Processes

- Adequate understanding of FA System Data Flow

Primary working responsibilities

- Direct involvement in integrating new business & actives that will be transferred from other BP2S locations to Chennai in the coming months and years.

- Grow the Chennai team according to plans

- Develop strong working relationships with a network of counterparts in other Securities Services Locations and senior Management.

- Ensure high level of communication network is established will all the departments within the business group.

- Ensure that, client issues/concerns are addressed and resolved within the agreed timelines.

- Ensure all the deliverable of the process are met and maintained as per the service agreement.

- Defining the Key Performance Indicators for the process and achieving the same on a regular basis.

- Ensuring the delivery of quality services to clients with consistent green KPIs

- Manage and reduce operational risk, error costs must not exceed 1% of NBI

- Continue to develop a strong layer of Middle management and succession planning

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

- Manage staff to take corrective measures/actions.

- Delegating the tasks to the Senior Managers and other team members.

- Ensure all the necessary training is been provided to the team members to perform the relevant tasks.

- Ensure that, the Back-up management tool is in place for all the team members.

- Process to maintain and update Key/Standard Operating Procedures for each process migrated to Chennai -Hub.

- Continue to ensure sufficient Risk & Control process are in place

- Continually working towards process improvements and efficiency savings and optimization of costs Job requirements

- Educational qualification : Graduation /Post Graduation with specialization in Finance / NCFM Certified / Other relevant Industry Certification

Total years of experience : 15 years

Relevant years of experience : 10 to 12 years

Total number of staffs supervised : Minimum of 45-50 members