Fund Accounting Mgr - C12 - Pune

Job Description:

The Fund Accounting Manager is an intermediate management level position responsible for providing full leadership and direction to a team of employees, leading a variety of fund valuation activities in coordination with the Operations - Transaction Services team. The Fund Accounting team is a core group of dedicated professionals who are essential to the investment process by ensuring that all middle office clients' cash & position data are accurate for processes including investment management, analytics, compliance, and regulatory.
Cash types include, but are not limited to, equities, fixed income, OTC derivative positions (swaps, swaptions, FXs, and synthetics) and collateral.
The roles and responsibilities will include actively managing risk and exposure for our clients by ensuring the investment book of record is reconciled with external record holders daily. The role requires an understanding of the mechanics of the reconciliation process, exception management, client service, troubleshooting issues, driving innovative enhancements, data analysis, maintaining documentation, assisting management in leading processes, and recommending improvements to ensure efficient and accurate processes.

Responsibilities:
Manage a team of professionals to accomplish established goals and conduct personnel duties for team (e.g. performance evaluations, hiring and disciplinary actions) as well as support mechanism for achievement including SMART goal setting
Management and control of exceptions arising from the cash, securities and unit reconciliations. The key responsibilities include management and oversight of unmatched cash and stock differences arising from the reconciliations of our accounting records to that of our Custodians and other CITI systems
Ensure accuracy of published cash figures, Data analysis enhancing transparency, decision drivers and efficiency
Collaborate with internal/external stakeholders to ensure issues are being appropriately reviewed and progressing to completion
Understand all aspects of Reconciliation proves like Corporate actions types and working , Swift messages , Custody statements and also have potential to perform manual reconciliation wherever required
Candidate should have experience of onboarding new clients, application, migrations etc and proven record of project handling abilities
Review and correction of any overdrawn account balances and ensure coverage
Provide support to the wider Fund Accounting by ensuring that all non STP cash statement activities are accurately reflected in the calculation of the daily Net Asset Value (NAV) of the individual funds.
Complete regulatory reporting and associated client reporting requirements covering all aspects of the fund's valuation, portfolio, expenses, and transaction volumes ensuring a variety of standard and client/regulatory formats
Identify and implement corrective action plans across teams while analysing and assessing business risk
Serve as primary point of escalation for internal/external staff queries, and develop/manage process, productivity, and quality standards
Create, develop, and maintain business relationships, identify and implement service, system, and process enhancements, lead and evaluate system testing, and train staff on new technology enhancements
Support development and achievement of strategic goals and annualperformance/compensationcycle as well as implement methods to reduce expenses, recommend enhancements, and justify benefits
Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
Possess strong knowledge in various Reconciliations applications

Process Management:
Timely and accurate delivery of all functions performed within concerned team
Design & implement Service Level Agreements with Internal & External teams.
Work closely with Fund Accounting leads / teams across all the global locations to provide necessary support.
Setup regular governance forums with all stakeholders
Design & implement oversight & escalation matrix
Build upon key relationships with Stakeholders, Custodians and legal counsels amongst others.

Risk and Control Oversight, Continuous Improvement:
Design & implement controls framework including escalation matrix in partnership with Risk team / Risk Champions
Ensure strong documentation is in place covering all aspects of service delivery and periodic attestation by the team
Ensure satisfactory results for all internal and external audit cycles
Organise and co-ordinate internal training
Regularly review operational procedures and identify areas of process improvement
Initiate process and technology projects that maximise control and minimise risk

Business Management, Resource Planning and MIS:
Oversee capacity and headcount planning.
Ensure resource is available to support change management testing initiatives alongside BAU requirements.
Allocation and monitoring of project resources in line with agreed priorities.
Design and implement management information and business control reporting to support good business management decisions, well-informed priority judgements and appropriate alignment of resources

Business Change / Transformation Management:
Identify and formalize business case for potential transformation initiatives.
Collaborate with Transformation team for all strategic & tactical initiatives.
Ensure resource is available to support change management testing initiatives alongside BAU requirements.
Build culture to embrace change and focus on process advancement.

Requirements:
6-8 years of relevant experience in Investment Banking Domain
Minimum 4+ years of experience in Fund Accounting Operations and 3+ years in Reconciliation systems and processes
Excellent communication skills
Strong planning skills
Management experience
Knowledge of the asset management industry
Have a flexible approach, be self-motivated and a strong team player.
Excellent attention to detail and ability to identify issues of potential risk
Ability to work under pressure and to tight deadlines
Management / supervisory experience in dealing with a large and diverse team
Demonstrated Subject Matter Expert (SME) knowledge in related area
Willing to work in Night Shifts

Desirable Qualifications
Bachelor's degree in accountancy or finance
Preferably Qualified accountant or qualified through experience
Good working knowledge of Office applications, particularly Excel and Access
Fund Accounting knowledge

Willingness to work in Flexible shifts
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Job Family Group:
Operations - Transaction Services------------------------------------------------------
Job Family:
Fund Accounting------------------------------------------------------
Time Type:
Full time------------------------------------------------------
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