Manager Operations - Fund Accounting

Position Name - Manager Operations - Fund Accounting

Location - Gift City,Gandhinagar

Experience Range - 4-5 yrs

Mandatory Requirement:

• 4–5 years of experience in Capital Market Operations
• Strong knowledge of GIFT City jurisdiction & regulatory frameworks
• Expertise in Fund Accounting & Reconciliation
• Experience with Mutual Funds, ETFs, and Banking Operations

Job Roles and Responsibilities:

• Managing a team of people responsible for a particular function.

• Managing ad-hoc data or report requirements from Regulator with strict adherence to quality standards and expected delivery timelines

• Reviewing Bank and Holding reconciliations and resolving breaks, if any

• Periodic Trial Balance Scrutiny

• The position would primarily be responsible for monitoring Reporting and Settlements of both Domestic as well as Offshore funds including ETF trades, Forex Handling right up to preparation of the ETF Trade settlement advice.

• From the other deliverable perspective, the role is required to monitoring the functionality in terms of maker checker on the Trade Settlements, checking Cash Flow balances, monitoring of security master, information updation in front office system, booking expenses, facilitate Audits up to Finalization of Accounts.

• To Co-Ordinate with RTA for seamless Processing of Transactions received. Further, also ensure smooth processing.

• To handle brokerage related activities as checking of brokerage commission rates, withheld of brokerage. Brokerage Funding with proper co-ordination with BD team.

• Ensures Timely receipt of Unit Capital Files and proper accounting by Fund Accountant’s (FA).

• This position would also require the individual to work closely with the Marketing, Product, Compliance team and externally with Auditors and service providers.

• Co-ordination with Fund managers, Fund Accountants and Custodians for Trade Settlements, timely NAV Declarations etc.

• Responsible for Audit on RTA & Banking Functionality, Compliance requirements, QRCs & MIS pertaining to FA-Custody Ops both internal as well as regulatory.

• Responsible for Checking of information to the Regulator received either through RTA or Fund Administrators which is disseminated both internally as well as regulatory.

• Monitoring & reviewing Fund Recurring Expense sheet which will impact on overall TER.

• Responsible for driving transformation and continuous improvement, leading programmes or projects.

• Continuously review and improve departmental processes and procedures, in terms of seamlessness.

• Handle other projects as delegated by the HOD. Perform related duties as assigned.

Qualification and Experience:

• Graduate/Post Graduate with overall 4 to 5 years of work experience.

• Bachelor's degree in finance, accounting or a related field with overall 3 years of work experience

• Should have knowledge of the with respect to Gift City Jurisdiction. Can demonstrate ability to work effectively as a team.

• Should have latest knowledge on Regulatory guidelines.

Other Details:

Knowledge of Indian and offshore Capital Markets, Different Security Segments on Equity and Fixed Income side, Background of Banking and Financial services industry.

• Strong understanding of Mutual Fund products, processes, and industry regulations.

• Excellent analytical and problem-solving skills, with the ability to reconcile complex transactions and resolve discrepancies.

• Attention to detail and accuracy, especially when dealing with large volumes of data and financial information.

• IFSCA SEBI - Mutual Fund Accounting Standards & Reporting Requirements.

• IFSCA guidelines on Investment limits, Risk Management, Banking Operations, etc.