Role: Senior Manager Fund Accountant

Reporting Manager L-1: AVP

Reporting Manager L2: HOD

No of Direct Reportees: 5

Department: Operations (Fund Accountant)

Position Grade Range: Senior Manager

Location: Mumbai

JOB ROLE:

The position would be responsible for monitoring the day-to-day requirements of the Fund Accounting (FA) deliverable for Asset Mutual Fund. From the Core Fund Accounting (FA) the profile will require to monitor & review breaks appearing in the reconciliation for various transaction types of the schemes, have a holistic view on the Expenses reconciliation and pool account reconciliation, to handle ETF Trade Reporting. Managing Valuation of Domestic as well as Offshore trades, Checking of Cash Components of the ETF scheme and Forex Handling. Further the profile will also need to review the FA books and clear gaps appearing in the ledger/Trail Balance scrutiny or any outstanding expense entry. The profile will also require to liaise with the Auditors (Both Internal as well as Statutory) for any first-hand information or queries that can come on Recons or aligned activities on the functionality.

JOB RESPONSIBILITIES:

- Managing ad-hoc data or report requirements from Regulator with strict adherence to quality standards and expected delivery timelines.

- Reviewing Bank and Holding reconciliations and resolving breaks, if any.

- Periodic Trial Balance Scrutiny.

- Monitoring & reviewing Fund Recurring Expense sheet which will impact on overall TER.

- This position would also require the individual to work closely with the Registrars, Banking Team, Marketing, Product, Compliance team and externally with Auditors and service providers.

- Co-ordination with Fund managers, Fund Accountants, timely NAV Declarations etc.

- The position would primarily be responsible for Booking Expenses, Facilitate Audits up to Finalization of Accounts, accuracy in NAV Calculation, checking of Cash Components.

- Responsible for Audit, Compliance requirements, QRCs & MIS pertaining to FA-Custody Ops both internal as well as regulatory.

- Responsible for Checking of information to the Regulator received either through RTA or Fund Administrators which is disseminated both internally as well as regulatory.

- Responsible for driving transformation and continuous improvement or leading projects.

- Continuously review and improve departmental processes and procedures, in terms of seamlessness.

- Handle other projects as delegated by the HOD. Perform related duties as assigned.

- From the other deliverable perspective, the role is required to monitoring the functionality in terms of maker checker on the Trade Settlements, checking Cash Flow balances, monitoring of security master, information updation in front office system.

PERSONAL ATTRIBUTES:

- Knowledge of Indian Capital Markets, Different Security Segments on Equity and Fixed Income side, Background of Banking and Financial services industry.

- Scheme reconciliation and Knowledge of Fund accounting of Schemes.

- SEBI - Mutual Fund Accounting Standards & Reporting Requirements.

- SEBI guidelines for Mutual Fund Investment limits, Risk Management etc.

- Mutual Fund Books of Accounts of Schemes, Trade Settlements and Banking Operations.

- Should have updated knowledge on Regulatory guidelines and Industry Practices.

OTHER REQUIREMENTS:

- Ability to handle multi-functional processes relating to Fund Accounting & Custody Operations.

- Good inter and intra personal relations for effective rapport building and functionality management.

- Hands on experience on MS Office and aligned softwares.

- Strong verbal and written communication skills.

- High level of accuracy and eye for detail.

EDUCATIONAL QUALIFICATION & EXPERIENCE:

- Chartered Accountant with overall 8 to 10 years of work experience in the FA and Custody Operations more specifically with Mutual Fund perspective.

- Bachelor's degree in finance, accounting, or a related field with overall 3 years of work experience.

- Graduate/Post Graduate with overall 4 to 5 years of work experience.

- Should have knowledge of the Mutual Fund Business. Can demonstrate ability to work effectively as a team.

- Should have latest knowledge on Regulatory guidelines.

Additional Information:

This position may require extended hours working or weekend work during peak periods, such as month-end or quarter-end reporting cycles.