Vice President - Fund Accounting Operations - Middle Office - Mutual Fund

VP - Operations, Fund Accounting

The position is with Mutual Fund company and they are looking for VP - Operations, Fund Accounting

Designation depending on candidates- seniority, fitment etc

CTC - Open

JD :

Monitoring of Middle office function which includes the below :

- Review of day to day Mutual Fund Midle office operations

- Monitoring of Cash flow projection process day

- Monitoring of scheme wise cash utilisation

- Monitoring of payouts due for the day including redemptions/securities transactions etc

- All process related to banking including maker-checker process and authorization.

- Monitoring of collections received during the day especially in Liquid schemes

- Daily monitoring of scheme bank accounts

- Monitoring Bank balances and optimum utilisation of the same.

- Peiodic review of the Bank Accounts and in case necessary closure of the Dormant account with the reconcilation of the same.

Monitoring of Investment Operations function (Custody & Fund Accounting) which includes the below :

- Monitoring of systemic activities related to Investment Operations processes

- Monitoring of day to day settlement of deals -Debt, Equity and Derivatives to ensure the timely

- Monitoring & Review of Master creation, ratings-Internal and External, Issued capital in Front Office

- Monitoring and review of trades executed for the day from Operations perspective including coordination with the fund accounting team.

- Responsible for various enhancements and UATs for new product, regulatory updates in regards to Front

- Monitoring and responsible for key static data points in the systems like Securities, Issuers, Company, Rating, Limits masters etc in the Front Office system.

- Verification of Navs sent by Fund Accountant on daily basis.

- Responsible for ensuring adherance to regulatory guidelines on aspects related to Operations function including disclosure norms.

- Wholly responsible for Day to day query resolution if any in regards to the Returns of schemes alogwith the Fund Managers and Fund Accountant ( including Mark up / down of securities, downgrade changes, etc )

- Resolution for valuation of securities queries raised by Fund Accountant, Fund Managers, Internal team,

- Review & scrutiny of Monthly Trial balance at scheme level and resoluton of the same on timely manner

Audit Coordination :

- Put in place a robust audit scope for internal auditors

- Managing Internal, Statutory and Regulatory Audits and timely completion of the same.

Taxation :

- Will be wholly responsible for all taxation related compliance for the schemes including reportings, filing of returns, query management and changes to the system.

- Ensure timely filing of returns for the schemes