Fund Accounting Specialist jobs at Citi Group in India, Gurugram

Job Description:

Cash types include, but are not limited to, equities, fixed income, OTC derivative positions (swaps, swaptions, FXs, and synthetics) and collateral.

The roles and responsibilities will include actively managing risk and exposure for our clients by ensuring the investment book of record is reconciled with external record holders daily. The role requires an understanding of the mechanics of the reconciliation process, exception management, client service, troubleshooting issues, driving innovative enhancements, data analysis, maintaining documentation, assisting management in leading processes, and recommending improvements to ensure efficient and accurate processes.

Responsibilities:

• Manage a team of professionals to accomplish established goals and conduct personnel duties for team (e.g. performance evaluations, hiring and disciplinary actions) as well as support mechanism for achievement including SMART goal setting
• Management and control of exceptions arising from the cash, securities and unit reconciliations. The key responsibilities include management and oversight of unmatched cash and stock differences arising from the reconciliations of our accounting records to that of our Custodians and other CITI systems
• Ensure accuracy of published cash figures, Data analysis enhancing transparency, decision drivers and efficiency
• Collaborate with internal/external stakeholders to ensure issues are being appropriately reviewed and progressing to completion
• Understand all aspects of Reconciliation proves like Corporate actions types and working , Swift messages , Custody statements and also have potential to perform manual reconciliation wherever required
• Candidate should have experience of onboarding new clients, application, migrations etc and proven record of project handling abilities
• Review and correction of any overdrawn account balances and ensure coverage
• Provide support to the wider Fund Accounting by ensuring that all non STP cash statement activities are accurately reflected in the calculation of the daily Net Asset Value (NAV) of the individual funds.
• Complete regulatory reporting and associated client reporting requirements covering all aspects of the fund’s valuation, portfolio, expenses, and transaction volumes ensuring a variety of standard and client/regulatory formats
• Identify and implement corrective action plans across teams while analyzing and assessing business risk
• Serve as primary point of escalation for internal/external staff queries, and develop/manage process, productivity, and quality standards
• Create, develop, and maintain business relationships, identify and implement service, system, and process enhancements, lead and evaluate system testing, and train staff on new technology enhancements
• Support development and achievement of strategic goals and annualperformance/compensationcycle as well as implement methods to reduce expenses, recommend enhancements, and justify benefits
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
• Possess strong knowledge in various Reconciliations applications

Process Management:

• Timely and accurate delivery of all functions performed within concerned team
• Design & implement Service Level Agreements with Internal & External teams.
• Work closely with Fund Accounting leads / teams across all the global locations to provide necessary support.
• Setup regular governance forums with all stakeholders
• Design & implement oversight & escalation matrix
• Build upon key relationships with Stakeholders, Custodians and legal counsels amongst others.

Risk and Control Oversight, Continuous Improvement:

• Design & implement controls framework including escalation matrix in partnership with Risk team / Risk Champions
• Ensure strong documentation is in place covering all aspects of service delivery and periodic attestation by the team
• Ensure satisfactory results for all internal and external audit cycles
• Organize and co-ordinate internal training
• Regularly review operational procedures and identify areas of process improvement
• Initiate process and technology projects that maximize control and minimize risk

Business Management, Resource Planning and MIS:

• Oversee capacity and headcount planning.
• Ensure resource is available to support change management testing initiatives alongside BAU requirements.
• Allocation and monitoring of project resources in line with agreed priorities.
• Design and implement management information and business control reporting to support good business management decisions, well-informed priority judgements and appropriate alignment of resources

Business Change / Transformation Management:

• Identify and formalize business case for potential transformation initiatives.
• Collaborate with Transformation team for all strategic & tactical initiatives.
• Ensure resource is available to support change management testing initiatives alongside BAU requirements.
• Build culture to embrace change and focus on process advancement.

Requirements:

• 7-10 years of relevant experience in Investment Banking Domain
• Minimum 4+ years of experience in Fund Accounting Operations and 3+ years in Reconciliation systems and processes
• Excellent communication skills
• Strong planning skills
• Management experience
• Knowledge of the asset management industry
• Have a flexible approach, be self-motivated and a strong team player.
• Excellent attention to detail and ability to identify issues of potential risk
• Ability to work under pressure and to tight deadlines
• Management / supervisory experience in dealing with a large and diverse team
• Demonstrated Subject Matter Expert (SME) knowledge in related area
• Willing to work in Night Shifts

Desirable Qualifications

• Bachelor’s degree in accountancy or finance
• Preferably Qualified accountant or qualified through experience
• Good working knowledge of Office applications, particularly Excel and Access
• Fund Accounting knowledge

Time Type:

Time Type:

The Fund Accounting Specialist is an entry level position responsible for assisting in a variety of fund valuation activities in coordination with the Operations - Transaction Services team. The overall objective of this role is to assist in the calculation of daily and periodic Net Asset Valuations (NAVs) for funds and the distribution of associated unit prices.Responsibilities:

• Complete activities relating to the accurate and timely delivery of valuations for defined clients
• Review stock and cash reconciliations to ensure the exceptions noted have no NAV impact and items cleared are treated
• Analyze cause and suggest enhancements for recurring exceptions through review of reconciliations and analysis of NAVs
• Assist in ensuring the corporate actions are correctly reflected on the NAV
• Assist in the collection and analysis of relevant management information from an operational and client perspective
• Aid in the ongoing development of team processes, procedures, and positive working environment
• Aid in the prompt investigation and resolution of client queries, and ensure client Service Level Agreement (SLA) and deadlines are met
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications:

• 2-4 years of relevant experience
• Experience within financial services
• Knowledge of financial market operations, accounting, and basics of financial management
• Demonstrated knowledge of accounting
• Basic knowledge of organization and policies
• Studying for ACCA, ACA or CIMA at an advanced level
• Consistently demonstrates clear and concise written and verbal communication

Education:

• High School diploma or equivalent

Time Type:

Shape your Career with Citi

Citi’s

based inGurgaon, India. Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance:

• Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.
• Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.
• We have a variety of programs that help employees balance their work and life.

The primary purpose of the Test Manager is to ensure new systems launches and existing system upgrades deliver the required functionality to the quality expected.

The Test Manager will work with sponsors and key stakeholders to assess the risk appetite and devise a test strategy and plan. They will oversee the execution of the plan and provide a go / no go recommendation to the sponsors at the end of the testing phase.Test Managers will also be responsible for driving the implementation of the Test Strategy, focused on “shifting to the left”. This includes more involvement with the BAs and development team to ensure requirements are unambiguous and match client expectations.
We work with both Agile and Waterfall methodologies.

Key Responsibilities:

• Work with sponsors / stakeholders to understand the risk appetite for any system change
• Define test strategy, both internal testing and Joint Client testing
• Apply Shift to Left testing approach withVendors/BA’s/Stakeholdersand Clients to manage risk within Testing
• Define and manage progress of Testing plan
• Manage Level of Effort and timelines for testing
• Manage workshops with Business SMEs/BAs/Client
• Manage creation of test scripts/cases for execution in user acceptance testing (both internal and external) phases
• Manage execution of test scripts and review actual results against expected results, in accordance with the prescribed test plan
• Chair Defect calls and Work with the system supplier to analyse and resolve defects identified during all test phases
• Provide daily reporting on test execution & defect management to the Test and Project Managers
• Create and maintain productive working relationships with peers, the clients and the vendors
• Produce go / no go recommendation based on test execution results

Development Value:

• Gain a wider knowledge of the clients’ business models and Citi’s end-to-end processes and the Citi Operating Model.
• Develop the individual’s awareness of business risk and understanding of cost/benefit decision making.
• Working with and coordination of colleagues across multiple global sites and a multi-client base.

As a successful candidate, you’d ideally have the following skills and exposure:

• Ability to plan and organise work
• High level of attention to detail
• Numeric
• Ability to execute actions according to a prescribed plan of activities
• Communication and interpersonal skills

• Ability to work under pressure against aggressive deadlines
• Ability to work as part of a team, and also work independently with minimum supervision
• Ability to manage team of Test Analyst’s to ensure Testing Project plan is on track
• Ability to communicate and articulate to Senior Stakeholders Testing progress and escalation of blockers
• Working closely with Client Stakeholders and collaboration during planning and Test execution
• Previous experience of following and reporting on progress against test plans
• Previous experience in fund accounting
• Previous experience of user acceptance testing, including Managing, planning, defining the approach, scripting and test execution
• Principles of quality process improvement, Shift to Left approach
• Experience of using JIRA to manage Business requirements, Test Cycles and Defects
• Experience using Multifonds (fund administration). Other related Citi systems desirable

Time Type:

The Fund Accounting Specialist is an entry level position responsible for assisting in a variety of fund valuation activities in coordination with the Operations - Transaction Services team. The overall objective of this role is to assist in the Fund Reporting and periodic Net Asset Valuations (NAVs) for funds reconciliation and the distribution of associated unit prices.

Desired Candidate Profile :

• 0-1 years of experience in Fund accounting/ Financial Reporting for hedge funds or mutual funds.
• Knowledge about capital markets.
• Good accounting knowledge is must.
• Should have basic understanding of Mutual fund and Hedge Fund industry.
• Prior working experience in capital markets is an added advantage.

Key Responsibilities / Functions / Role:

• Preparation of financial statements/regulatory reports for long funds as per US GAAP/IFRS/Lux GAAP or UK/IRISH GAAPs.
• Meet SLAs
• Quick learner.
• Should be willing to work in shifts and flexible work hours as per process requirements

Education:

• B. Com, M. Com, Post graduate Degree from a recognized business institute/university, majorly in Accounting or Finance.

Skills:

• Good communication / Domain skills.
• Good interpersonal skills.
• Good knowledge of MS Office (MS excel and MS word).
• Team Player

Time Type:

The Fund Accounting Specialist is an entry level position responsible for assisting in a variety of fund valuation activities in coordination with the Operations - Transaction Services team. The overall objective of this role is to assist in the calculation of daily and periodic Net Asset Valuations (NAVs) for funds and the distribution of associated unit prices.Responsibilities:

• Complete activities relating to the accurate and timely delivery of valuations for defined clients
• Review stock and cash reconciliations to ensure the exceptions noted have no NAV impact and items cleared are treated
• Analyze cause and suggest enhancements for recurring exceptions through review of reconciliations and analysis of NAVs
• Assist in ensuring the corporate actions are correctly reflected on the NAV
• Assist in the collection and analysis of relevant management information from an operational and client perspective
• Aid in the ongoing development of team processes, procedures, and positive working environment
• Aid in the prompt investigation and resolution of client queries, and ensure client Service Level Agreement (SLA) and deadlines are met
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications:

• 2-4 years of relevant experience
• Experience within financial services
• Knowledge of financial market operations, accounting, and basics of financial management
• Demonstrated knowledge of accounting
• Basic knowledge of organization and policies
• Studying for ACCA, ACA or CIMA at an advanced level
• Consistently demonstrates clear and concise written and verbal communication

Education:

• High School diploma or equivalent

Time Type:

Cash types include, but are not limited to, equities, fixed income, OTC derivative positions (swaps, swaptions, FXs, and synthetics) and collateral.

The roles and responsibilities will include actively managing risk and exposure for our clients by ensuring the investment book of record is reconciled with external record holders daily (custody / fund accounting etc.). The role requires an understanding of the mechanics of the reconciliation process, exception management, client service, troubleshooting issues, driving innovative enhancements, data analysis, maintaining documentation, assisting management in leading processes, and recommending improvements to ensure efficient and accurate processes.

Responsibilities:

• Manage a team of professionals to accomplish established goals and conduct personnel duties for team (e.g. performance evaluations, hiring and disciplinary actions)
• Identify opportunities to implement process improvements and recommend system, service, and process enhancements including leading and evaluating system testing
• Coordinate staff assignments to achieve optimal effectiveness through assessment of business requirements and staff skill sets and development needs
• Build and maintain relationships with internal and external clients, and serve as point of escalation of complex customer issues
• Perform discovery and due diligence with clients and visits regarding service quality measurement
• Manage the Risk and Control agenda including audits, interfacing with internal and external auditors, and identifying process gaps
• Work closely with senior management on identifying opportunities for cost saves, full-time equivalent (FTE) reduction, and optimization
• Work closely with Sales and CEs on client management and service improvement initiatives
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
• Possess strong knowledge in Reconciliations process & applications

Process Management:

• Timely and accurate delivery of all functions performed within concerned team
• Design & implement Service Level Agreements with Internal & External teams.
• Work closely with Fund Accounting leads / teams across all the global locations to provide necessary support.
• Setup regular governance forums with all stakeholders
• Design & implement oversight & escalation metrics

Qualifications:

• 10+ years of relevant experience
• Chartered Accountant/CFA/MBA / Degree in Finance is preferred
• Extensive knowledge of funds services and process & experience in managing operational delivery will be an advantage.
• Demonstrated leadership and management skills
• Ability to work in a team-oriented environment
• Consistently demonstrates clear and concise written and verbal communication
• Demonstrated Subject Matter Expert (SME) knowledge in related area

Education:

• Bachelor’s degree/University degree or equivalent experience
• Master’s degree preferred

Time Type: