US Investment Accounting (US IA) is a time and mission critical process. The primary responsibility of this role revolves around validating mutual fund NAVs on daily basis. This role entails preparation of daily accounting and reconciliation, managing outstanding exceptions related to cash and holding for all kind of funds managed by CTI. Identify and resolve problems for the assigned funds and communicate effectively with various internal and external teams.
Key Responsibilities
- The primary purpose of this position is to perform daily investment accounting activities relating to the retails, life (sub-accounts), 529, FOF and collective trust funds and ensure the accurate calculation and reporting of NAVs, AUVs .
- The role also requires collaboration with the Accounting counterparts based in India/ US and Custodians, Business Partners from other departments/ locations and effectively executing activities pertaining to Non-Proprietary Funds also.
- Responsible for the accurate calculation and reporting of public and collective fund net asset values and life fund accumulation unit values. Provide coverage as needed.
- It also requires a basic understanding of the mutual fund concepts and specific fund characteristics/attributes. Perform the daily accounting and reconciliation of fund activity including shareholder activity, fund expenses, fund distributions, reconciling the NAV/AUV, reviewing security trades including derivatives and reconciling cash transactions. Analytical review and problem solving for the fund.
- Verify accuracy of trade input and impacts to fund. Analyze daily income accruals and interest/ dividend payments.
- Review fund distributions. Communicate with transfer agents, custodians other departments and auditors, as needed. Ensure all identified issues are thoroughly researched and escalated/communicated timely to all impacted parties.
- Support all Regulatory changes and other requisite changes. Zero regulatory and control issues having significant brand, financial or business implications.
- Proactively contribute and attend huddles, team meetings, trainings, engagement activities and coaching sessions.
Required Qualifications
- Master Degree or equivalent in Finance / Accounting qualification, MBA preferred
- 1-3 years relevant of experience
- Strong system skills viz. MS Office and main frame system.
- Good Communication, Interpersonal Skills and be an Effective Team Player.
- Excellent Problem Solving and Analytical Skills.
- Sound Written / Oral Communication Skills.
- Positive, team-work attitude.
Preferred Qualifications
- Ability to work independently as well as collaborate with cross-functional teams.
- Knowledge of / experience in investment accounting / fund accounting,
- Knowledge of investment tools (Bloomberg), reconciliation tools (Frontier), and accounting systems (Invest One) will be an added advantage.
About Our Company
Full time
(8:00p-4:30a)
AWMPO AWMPS Presidents Office
Mutual Fund Operations
