Associate, Fund Accounting

About the Role

The Associate– Fund Accounting role is part of the ISO department, within the Fund Accounting business line/function. The position's purpose is to support Fund Accounting operations and production.

Key Responsibilities

• Responsible for preparation of tasks involved in NAV delivery and reconciliations.
• Acquire complete understanding of NAV Calculation and its related functions with various parties involved (e.g., Custody, TA, Pricing, Corporate Actions).
• Become a SME (Subject Matter Expert) of the process by acquiring complete knowledge of NAV Calculation Processing across all funds & instrument types.
• Ensure all reconciliation breaks in TA, Cash & Stock are validated and justified for each calculated NAV.
• Ensure NAV calculations are produced in a timely manner as per SLA, including accurate report generation, timely delivery, and document/evidence controls.
• Adhere to Quality & Timeliness as per SLA, ensuring no material or financial impact.
• Proactively resolve queries and escalate issues/queries/escalations immediately to the supervisor.
• Participate in the preparation/updation of Key/Standard Operating Procedures (SOPs) for each process and fund/client specification.
• Carry out other ad-hoc duties as they arise, mainly at month ends & year ends.
• Monitor the respective group mailbox and respond quickly to queries.
• Ensure ISAE 3402 checks are understood and followed with 100% compliance for all NAV packs.
• Act as a back-up in the absence of other team members and manage leaves appropriately.
• Minimize unplanned leaves, especially during business-critical days (e.g., month end, year-end, rollover days, migration of new funds, BI events).
• Come up with a minimum of one process improvement/automation initiative per year.
• Share process/product knowledge with fellow team members.
• Ensure participation in CSR & Other engagement initiatives.

Requirements & Tech Stack

• Knowledge of systems – Multifonds, Hi-Portfolio, Bloomberg etc.
• Basic Microsoft Office functions is an advantage.
• Exposure to implementation of artificial intelligence tools to support high productivity.

Qualifications

• Accounting/Commerce background.
• Ability to communicate clearly and articulately (written and oral).
• Good listening and questioning ability.
• Ability to express ideas effectively in individual and group situations.
• Ability to plan work ahead and prioritize workload.
• Ability to work in an organized manner.
• Attention to detail.
• Ability to generate creative solutions to problems.
• Proactive in looking for ways to improve services and processes.
• Ability to adapt to markets and client’s evolution.
• Ability to work in shifts as per business requirements.
• Uphold a high level of compliance on conduct topics.
• Ability to understand, explain, and support change.
• Ability to develop and adapt a process.
• Ability to develop and leverage networks.
• Analytical Ability.
• Knowledge of Fund Accounting and NAV cycle.
• Attention to detail / rigor.
• Ability to collaborate / Teamwork.
• Communication Skills - Oral & Written.
• Bachelor Degree or equivalent.

Location: Mumbai/ Chennai