Assistant Manager - Fund Accounting Settlement Operations

Position Name -  Sr. Executive / Assistant Manager - Fund Accounting Settlement Operations 

Location - Mumbai

Experience Range - 3 to 6 years

Mandatory Requirement: 

• AMC Experience.


• Strong knowledge of trade settlement processes and SEBI regulatory compliance.


• Ability to identify, analyze, and resolve errors in trade reporting.


• Experience in reconciliation and audit control processes.


• High level of analytical ability and attention to detail.


• Proficiency in MS Excel and relevant financial systems.

About the client: A leading asset management firm known for its strong research-driven investment approach and consistent performance across equity and debt products.

Job Roles and Responsibilities:

• Reporting of Trades in FTRAC, CBRICS, ICCL etc.


• Accuracy in trade Settlement with respect to Indian and Offshore capital market of and in a timely
  manner.


• Monitor trade settlements and resolve any discrepancies or issues that arise during the settlement
  process.


• Forex Handling right up to preparation of Trade settlement advice. All Position Check on Expiry day
  Corporate Actions.


• Monitor and process corporate actions such as dividends, mergers, and reorganizations affecting
  mutual fund investments.


• Coordinate with relevant parties, including custodians and fund administrators, to ensure timely and
  accurate processing of corporate actions.


• Monitor cash flows related to investments and ensure adequate liquidity to meet redemption
  requests and other fund obligations.


• Optimize cash balances to minimize idle cash and maximize investment returns within regulatory
  constraints.


• Beyond day-to-day operations, the candidate is expected to have a mindset geared towards
  identifying process gaps. They should proactively pinpoint inefficiencies within existing workflows
  and take immediate corrective actions to address them, all while ensuring compliance is maintained.


• Perform daily, weekly and monthly reconciliations of all transactions, positions, and cash balances.


• Investigate and resolve any discrepancies between internal records and external sources, such as
  custodian reports or trade confirmations.


• Ensure compliance with regulatory requirements, fund prospectuses, and internal policies related to
  mutual fund investments.


• Prepare and submit regulatory filings and reports and other required disclosures.


• The responsibilities extend beyond trade settlement to encompass various tasks related to
  investment operations. This includes overseeing compliance measures, monitoring reporting
  processes, and ensuring the efficient functioning of investment-related activities.


• Identify and assess operational risks associated with mutual fund investment processes.


• Implement controls and procedures to mitigate risks and enhance operational efficiency, including
  the development of contingency plans for potential disruptions.


• Assist in responding to inquiries from stakeholders regarding operations and investment processes.

Qualification and Experience:

• 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.


• SEBI - Mutual Fund Accounting Standards & Reporting Requirements.


• SEBI guidelines for Mutual Fund Investment limits, Risk Management etc.


• Mutual Fund Books of Accounts of Schemes and Banking Operations.


• Minimum of 3 Years only in the Investment Operations.


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


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


• Should have knowledge of the Mutual Fund Business. Can demonstrate ability to work effectively as
  a team.


• Should have latest knowledge on Regulatory guidelines.

Other Details:

• Ability to handle multi-functional processes relating to Custody Operations & Fund Accounting.


• Good inter and intra personal relations for effective rapport building and functionality management. 


• Hands on experience on MS Office and aligned software’s.


• Effective communication and interpersonal skills, with the ability to collaborate with cross-functional teams and external stakeholders.


• High level of accuracy and eye for detail.