Accountant Fund

Our vision for the future is based on the idea that transforming financial lives starts by giving our people the freedom to transform their own. We have a flexible work environment, and fluid career paths. We not only encourage but celebrate internal mobility. We also recognize the importance of purpose, well-being, and work-life balance. Within Empower and our communities, we work hard to create a welcoming and inclusive environment, and our associates dedicate thousands of hours to volunteering for causes that matter most to them.

Chart your own path and grow your career while helping more customers achieve financial freedom. Empower Yourself.

JOB SUMMARY:

Provide a brief and specific statement of the major end results and measurements expected of the job.  Succinctly define the purpose of the job (1-2 sentences).

The primary role of a Fund Accountant in fund accounting team at Empower India is to ensure that to perform cash, Asset and trade reconciliation and also perform SMF set up in a timely manner. Some of key activities performed by Pricing Team are - to capture, validate and trade load for SA, Recon activities, DST etc. Responsibilities will be varied but will include analysis of beginning cash balances, reconciliation of cash including matching of cash receipts/disbursements to receivables and payables within the Investment Accounting System, reconciliation of shareholder balances between transfer agent and accounting system records, reconciliation of asset positions between the custodian and applicable investment manager records

DUTIES / RESPONSIBILITIES / ESSENTIAL FUNCTIONS:

List specific action statements to describe the fundamental duties and responsibilities that encompass the majority of the job. List in order of impact to the company which may or may not be the same as the amount of time required to complete the listed duty/responsibility.

- Ensures issues are being resolved and clients/partners are kept apprised of progress ensuring highest level of client service and satisfaction.
- Should Possess E2E fund accounting cycle work flow and NAV calculation.
- Booking of Corporate Action, Fee posting, Capital activity bookings.
- Should work upon different asset classes like Fixed Income, Equity and Derivative.
- Calculate and validate daily/weekly/monthly NAV and validate the all recon discrepancy break for seamless NAV delivery
- Post Interest Accrual/ Divined income as per calculation based upon Custody
- Strong Reconciliation Knowledge & break resolution.
- Pricing knowledge of different asset classes.
- Aged break clearance and followed up.
- Reconcile and resolve discrepancy with the help of different shared services team
- Setting Up the different security (SMF) as per the BBG.
- Would act as subject matter expert of the process as the role demands trouble shooting and floor support for the team
- Should proactively identify client needs and potential internal issues impacting client satisfaction
- Exercise discretion and judgment with respect to matters of significance such as resolving queries, reporting of issues/escalated transactions
- Monitor deliverables by tracking activity, escalating issues, publishing progress reports and dashboards and recommend actions
- Analyze and manage change notifications from Fund Houses to understand the functional/data impact of changes to the system.
- Load automated cash custodial feed into Investment Accounting reconciliation system, run appropriate reconciliation processes and research exceptions.
- Load automated shareholder activity from the transfer agent into reconciliation system, post accounting system journals and reconcile ending positions to transfer agent records. Research exceptions.
- Load asset position files from custodian, investment accounting system and investment managers into reconciliation system and complete reconciliation.  Research exceptions.
- Calculation of available investable cash for money market traders through reference to numerous data sources.
- Reconcile futures activity, cash movements and gain/loss reconrds from broker statements to fund records.
- Various miscellaneous tasks including preparation of litigation claim filings, securities lending compliance reviews, and other tasks to streamline investment operations functions
- Drives innovation through collaboration with clients and business processes
- Escalate all issues promptly and effectively to supervisor/Front line Manager
- Shift Timing: 1:30 AM to 10:30 PM IST – Monday to Friday.

TYPICAL QUALIFICATIONS: EDUCATION  (Level & Type of Degree if applicable)

REGISTRATIONS / CERTIFICATIONS / LICENSING REQUIRED:

OTHER PREFERRED QUALIFICATIONS

- Bachelor’s Degree in Finance, Accounting is a must
- 2 to 6 years of  financial instrument(like Equities, Bonds and Mutual Funds) and  fund accounting experience is a must
- Pricing Vendor knowledge i.e. Bloomberg, IDC, Eikon, etc will be preferred
- Pro-actively identifies Risk, make recommendations and able to take decisions.
- Capacity to work cross-functionally to create efficiencies and develop solutions to business problems
- Knowledge of Capital Market and Investment Banking Industry preferred (particularly asset classes like Equities and Mutual Funds, Industry security identifiers, Pricing, corporate actions and stock market)
- Understands the effect of recon on MV of the fund .
- Eye to detail oriented candidature with strong analytical, interpersonal and organizational skills
- Proficient in Microsoft Office Suite programs
- Should have good oral and written communication skills .
- Accountability: Demonstrates reliability by taking necessary actions to ensure issues are resolved swiftly
- Global Collaboration: Applies global perspective when working within the Team and reach out to relevant stakeholders to avoid any delay in resolving queries
- Communication: Articulates information clearly and presents information effectively and confidently when working with others
- Time Management: Ability to multi-task, prioritize, and problem-solve effectively. Promptly handles escalated issue/s

We are an equal opportunity employer with a commitment to diversity.  All individuals, regardless of personal characteristics, are encouraged to apply.  All qualified applicants will receive consideration for employment without regard to age, race, color, national origin, ancestry, sex, sexual orientation, gender, gender identity, gender expression, marital status, pregnancy, religion, physical or mental disability, military or veteran status, genetic information, or any other status protected by applicable state or local law.