Chartered Accountant (CA), 0 to 1 years in Mumbai

Job Description

• Job Posting TitleJob Posting TitleFund Accountant-Associate
• Job Description SummaryJob Description SummaryFund Accounting & Reporting is responsible for all aspects of day-to-day accounting for a group of assigned funds including, calculating/reporting the periodic NAV (Net Asset Value), and compiling standard weekly/monthly financial statements, and income and expense accruals and performing the required reconciliations. Work includes: •Ensuring compliance with financial transaction recording standards •Controlling/reconciling accounts and records (balance sheet, P&L, bank accounts, etc.) •Accounting reports/schedules for internal audiences (management reporting) and/or for external audiences (compliance reporting) including consolidation of financial statements, cash flow reporting, budget reporting, etc.) •Liaising with internal and external service providers in respect to matters of fund administration (e.g. subscriptions, redemptions, distributions, payments, and fund expenses) •Providing accounting specific support and analysis, and where appropriate tax advice •May also include cost accounting/budgeting (allocation of direct/indirect costs, variance analysis, budget preparation, etc.)
• JustificationJustificationFund Accounting
  Role - The role requires the resource to perform critical tasks such as daily pricing of various instruments like Equities/Bonds/Derivatives/Fx etc, processing of Corporate Action, setting up securities, trade processing, NAV calculation, Regulatory Reporting, Client Reporting, Reconciliations, etc. Fund Accounting/Administration is a specialized back-office outsourcing service where Asset Managers and Owners such as Mutual Funds, Insurance Unit Linked Funds, Pension Funds, Alternative Investment Funds, PMS/Discretionary Portfolio Managers, etc. appoint Custodian banks like Deutsche Bank to handle the accounting & valuation of their portfolios/funds and other middle and back-office services.
  Risk - In situation of non approval / replacement for the role, could further lead to potential client and reputational impact with delay in producing the desired output
  Background - Staff is responsible for managing a prominent Mutual Fund client, Mirae MF. They have a variety of funds which includes ETFs, Multi asset, Index, open and close ended funds, etc. It is one of the top five Mutual Funds in India in terms of Assets under Management (AuM). They have very aggressive plans for an organic growth with similar expectations from the service partners to scale up their service offerings and technology platforms to deliver as per the expectations. Considering the nature of activities, complexities requiring analytical skills and thorough accounting knowledge, we need experienced resource to manage the tier one clients. Hence, approval of this role is very critical to ensure we continue to serve the clients without compromising on the quality of services.
  How many budget was planned for it ? Approx 3,603 Euro per month

• Job ProfileJob Profile
• Fund Accounting &/or Reporting Analyst, AS
• Job Families for Job ProfilesJob Families for Job Profiles
• Fund Accounting & Reporting
• Worker Sub-TypeWorker Sub-Type
• A (Permanent Local Staff)
• Worker TypeWorker Type
• Employee
• Time TypeTime Type
• Full time
• Compensation GradeCompensation Grade(empty)
• Primary LocationPrimary Location
• Mumbai Nirlon Knowledge Pk B1
• Primary Job Posting LocationPrimary Job Posting Location
• Mumbai Nirlon Knowledge Pk B1
• Additional LocationsAdditional Locations(empty)
• Additional Job Posting LocationsAdditional Job Posting Locations(empty)
• Scheduled Weekly HoursScheduled Weekly Hours40
• Work ShiftWork Shift(empty)
• Recruiting Start DateRecruiting Start Date02/23/2024
• Target Hire DateTarget Hire Date06/28/2024
• Target End DateTarget End Date(empty)

• Union Membership from Job ProfileUnion Membership from Job Profile(empty)
• Allowed Unions from Job ProfileAllowed Unions from Job Profile(empty)
• Job DescriptionJob DescriptionFund Accounting & Reporting is responsible for all aspects of day-to-day accounting for a group of assigned funds including, calculating/reporting the periodic NAV (Net Asset Value), and compiling standard weekly/monthly financial statements, and income and expense accruals and performing the required reconciliations. Work includes: •Ensuring compliance with financial transaction recording standards •Controlling/reconciling accounts and records (balance sheet, P&L, bank accounts, etc.) •Accounting reports/schedules for internal audiences (management reporting) and/or for external audiences (compliance reporting) including consolidation of financial statements, cash flow reporting, budget reporting, etc.) •Liaising with internal and external service providers in respect to matters of fund administration (e.g. subscriptions, redemptions, distributions, payments, and fund expenses) •Providing accounting specific support and analysis, and where appropriate tax advice •May also include cost accounting/budgeting (allocation of direct/indirect costs, variance analysis, budget preparation, etc.)
• Additional Job DescriptionAdditional Job DescriptionJob Title: Investment operations
  Location - Mumbai
  
  Role Description
  Our Fund administration team is working with some of the top names in the fund industry.  Youll be working in one of the teams responsible for managing the end to end processes related to securities and portfolio / fund valuation for client segments like Mutual Fund, Alternative Investment Fund, Portfolio Managers, etc. Our fund administration team uses one of the best platforms available in the fund accounting space which is robust enough and at the same time offers flexibility to parameterize the system as per local needs and regulations. Our team of experts will be there to coach and support your development to ensure you excel in this role. Enhance your career prospects through exposure to the diverse nature of funds like Money market, Equity, Arbitrage, Exchange traded, hybrid funds, etc handled and serviced by Fund administration division.
  
  What we’ll offer you
  As part of our flexible scheme, here are just some of the benefits that you’ll enjoy.
• Best in class leave policy.
• Gender neutral parental leaves
• 100% reimbursement under child care assistance benefit (gender neutral)
• Flexible working arrangements
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above
• Your key responsibilities
• Computation and reconciliation of NAV, checking income accruals, NAV movement, etc
• Reviewing Bank and Holding reconciliations and resolving breaks, if any
• Processing and verification of all trades for the day processed in the system
• Valuation / pricing of securities
• Coordination with client for trades.
• Coordinate with Registrars for Unit Capital files and checking and processing the same in the system
• Monitoring the email instructions for trades and other instructions including Custody instructions.
• Computation of Income equalisation and distributable surplus
• Computation and Dissemination NAV to the Press, Registrar, etc.
• Trial Balance Scrutiny
• Audit co-ordination and finalization of accounts
• Your skills and experience
• 3-4   years of experience
• Knowledge of Mutual Fund Accounting and operations
• Understanding of capital / Financial / derivative market
• Understanding of various valuation tools and methodology
• Good communication and presentation skill