Senior Associate

Job Title:

Senior Associate

Date:

Department:

IFSO

Location:

Mumbai

Business Line / Function:

HFS

Reports to:

(Direct)

Assistant Manager Lead

Grade:

(if applicable)

(Functional)

Number of Direct Reports:

NA

Directorship / Registration:

Position Purpose

Independent delivery of accurate and timely NAVs for hedge funds.

Responsibilities

Direct Responsibilities

• Independent delivery of accurate and timely NAVs for hedge funds – with higher volume and complexity (having  equities, bonds, future, options, CDS, EQS, etc. as holdings) by completing all of the following processes:
• Cash and position reconciliation (accounting vs PB and 3 way); with resolution of breaks
• Income reconciliation (dividends and interest)
• Manual Pricing and Pricing review
• P&L review and Tolerance checks
• Fees accrual, management and performance fee calculation and booking
• Capital bookings and reconciliation with Investor services system reports
• TB tie out and compiling NAV pack

Contributing Responsibilities

• Delivery on audit requests and resolution of all queries on a timely basis
• Participation in system development projects, process change projects, etc.
• Ensure appropriate checks and procedures are followed to maintain high quality deliverables and to avoid internal audit and ISAE findings
• Compliance with all internal organizational and business policies

Technical & Behavioral Competencies

• Hedge fund accounting or hedge fund reconciliation experience (understanding of process and business required).
• Good understanding and ability to apply basic accounting principles.

• Should have working knowledge of asset classes like equities, bonds, futures, options and swaps.
• Experience on Advent Geneva system would be preferred – an added advantage.
• Decent experience on Microsoft Excel – Pivots, financial functions, etc.

Specific Qualifications (if required)

Graduation/Post Graduation

Skills Referential      

Behavioural Skills: (Please select up to 4 skills)

Communication skills - oral & written

Adaptability

Ability to collaborate / Teamwork

Active listening

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Analytical Ability

Ability to develop and adapt a process

Ability to develop and leverage networks

Ability to inspire others & generate people's commitment

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 3 years