Fund Accounting Specialist - C05 jobs at Citi Group in India, Pune

• 4-6 years of experience in Fund accounting/ Financial Reporting for hedge funds or mutual funds.
• Knowledge about capital market.
• Good accounting knowledge is must.
• Should have knowledge of Mutual fund and Hedge Fund industry.
• Should have sound understanding of derivatives, equities and fixed income securities.
• Should have worked on Financial Reporting profile, responsible for preparation and presentation of various financial statements as per IFRS, US GAAP, Lux GAAP and Irish GAAP, etc.
• Prior working experience in BPO/captive on capital markets back office processes.
• Experience and expertise in Business Areas- Middle Office Processing, Financial Reporting, Fund accounting
• Experience in process set-up/migration of work from onshore would be preferred

Key Responsibilities / Functions / Role:

• Preparation and review of financial statements/regulatory reports like- Balance sheet, PnL, Schedule of Investment, cash flows, Notes to the accounts as per applicable GAAP.
• Acting as subject matter expert for the team
• Following US GAAPs, IFRS, Lux GAAPs and IRISH GAAPs.
• Assisting Seniors with performance data and updating required trackers and KPI.
• Process documentation and SOP
• Ensuring process initiatives and continuous quality improvement.
• Imparting process trainings to the new members
• Meet SLAs
• Good Team Player.
• Quick learner.
• Should be willing to work in shifts and flexible work hours as per process requirements.

• B. Com, M. Com, Post graduate Degree from a recognized business institute/university, majorly in Accounting or Finance.
• Professional qualifications like CA, CFA, and CPA will be an added advantage.

Skills:

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

Time Type:

Desired Candidate Profile :

• 5-11 years of experience in Fund accounting.
• Should have worked on N-PORT / NMFP / NCEN filing, SEC Regulatory Reporting, Financial Reporting profile, responsible for preparation and presentation of various financial statements as per IFRS, US GAAP, Lux GAAP and Irish GAAP, etc.
• Should have 2-4 years of team handling experience.
• Should have worked on Accounts Payables, Knowledge of accruals vs P&L accounting concept
• Knowledge of preparing various calculations files as per the requirement.
• Should have knowledge of Capital Market, Custodian and Accounts Payables.
• Qualified accountant or/and strong working experience in Expense reporting/ Accounts Payables will be preferred.
• Review and/or update vendor information and payment instructions for fund expenses
• Worked on special projects and Migration will be advantage.
• Should have knowledge of Mutual fund and Hedge Fund industry.
• Prior working experience in BPO/captive on capital markets back office processes.
• Experience and expertise in Business Areas- Middle Office Processing, Fund accounting
• Prior working experience in BPO/captive on capital markets back office processes.
• Experience in process set-up/migration of work from onshore would be preferred

Key Responsibilities / Functions / Role:

• Preparation of financial statements/regulatory reports for long funds as per US GAAP/IFRS/Lux GAAP or UK/IRISH GAAPs.
• Acting as subject matter expert for the team
• Complete daily work in compliance with internal controls and procedures necessary to ensure quality products
• Ensuring process initiatives and efficiency gain
• Report and escalate potential issues and breaches to appropriate departments and manager even if not directly related to fund accounting to minimize risk for Client and Citi
• Develop strong, pro-active and highly professional working relationships with all internal and external customers.
• Managing and building a strong team
• Preparation of MIS
• Meeting SLAs
• Ability to work towards creating a positive working environment
• Ability to work with and assist other associates in meeting common goals
• Ability to produce high quality results
• Effective Time Management & organizational skills
• Good Interpersonal skill
• Should be willing to work in shifts and flexible work hours as per process requirements.

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

• Professional qualifications like CA, CFA, and CPA will be an added advantage.

Skills:

• Excellent communication / Domain skills.
• Excellent interpersonal skills.
• Advanced experience working with Microsoft Office applications required, especially Excel
• Good Team Player.

Time Type:

The Fund Accounting Analyst 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:

• Monitor work activities to ensure timeliness and accuracy of the funds activities in a department, including calculation of NAV and distribution factors

• Assist in preparing financial statements, tax reporting, and regulatory filings

• Serve as the Senior Checker for complex tasks

• Review aging break items and breaks over a certain dollar threshold

• Track delivery for the clients assigned

• Assist the team manager in audit queries, client queries, and risk related items

• Serve as backup to the team coordinator or manager

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

• 2-4 years of relevant experience
• Project Management certification preferred
• Experience in accounting, finance, or business-related area
• Experience in fund administration, change management, and/or project management
• Knowledge of financial operations
• Consistently demonstrates clear and concise written and verbal communication
• Bachelor’s degree/University degree or equivalent experience

Time Type:

Desired Candidate Profile :

• 5-11 years of experience in Fund accounting/ Financial Reporting for hedge funds or mutual funds.
• Should have 2-4 years of team handling experience.
• Should have sound understanding of Derivatives, Equities and Fixed income securities.
• Qualified accountant or/and strong working experience in financial reporting will be preferred.
• Should have knowledge of Mutual fund and Hedge Fund industry.
• Should have worked on Financial Reporting profile, responsible for preparation and presentation of various financial statements as per IFRS, US GAAP, Lux GAAP or Irish GAAP, etc.
• Prior working experience in BPO/captive on capital markets back office processes.
• Experience and expertise in Business Areas- Middle Office Processing, Financial Reporting, Fund accounting
• Experience in process set-up/migration of work from onshore would be preferred

Key Responsibilities / Functions / Role:

• Preparation/review of financial statements/regulatory reports like- Balance sheet, PnL, SOI, Notes to financial statements. Understanding of regulatory disclosures like form PF
• Acting as subject matter expert for the team
• Following US GAAPs, IFRS, Lux GAAPs and IRISH GAAPs.
• Ensuring process initiatives and efficiency gain
• Develop strong, pro-active and highly professional working relationships with all internal and external customers.
• Managing and building a strong team
• Preparation of MIS
• Meet SLAs
• Good Team Player.
• Interpersonal skill
• Quick learner.
• Should be willing to work in shifts and flexible work hours as per process requirements.

• B. Com, M. Com, Post graduate Degree from a recognized business institute/university, majorly in Accounting or Finance.
• Professional qualifications like CA, CFA, and CPA will be an added advantage.

Skills:

• Excellent communication / Domain skills.
• Excellent interpersonal skills.
• Strong knowledge of MS Office (e.g. MS excel, MS word).

Time Type:

Responsibilities:

• Follow established procedures to complete complex assignments and resolve problems that require in-depth investigation or research
• Provide team assistance, including serving as subject matter expert, leading special projects, training new hires within work unit, providing daily guidance to lower level employees, and allocation of work, as needed
• Conduct basic analysis and research as well as workflow management
• Support an expansive array of products and services
• Communicate pertinent information to senior managers and support activities that help mitigate organizational loss or impact, as needed
• 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:

• 1-3 years of relevant experience
• Experience working in a business office or operational environment
• Proficient computer and math skills with a focus on complex databases and spreadsheets
• Demonstrates technical and administrative expertise
• Consistently demonstrates attention to detail
• Demonstrated knowledge of activities, policies, and procedures of a basic work area

Education:

• High School diploma or equivalent

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

Time Type:

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Desired Candidate Profile :

• 5-11 years of experience in Fund accounting.
• Should have worked on N-PORT / NMFP / NCEN filing, SEC Regulatory Reporting, Financial Reporting profile, responsible for preparation and presentation of various financial statements as per IFRS, US GAAP, Lux GAAP and Irish GAAP, etc.
• Should have 2-4 years of team handling experience.
• Should have worked on Accounts Payables, Knowledge of accruals vs P&L accounting concept
• Knowledge of preparing various calculations files as per the requirement.
• Should have knowledge of Capital Market, Custodian and Accounts Payables.
• Qualified accountant or/and strong working experience in Expense reporting/ Accounts Payables will be preferred.
• Review and/or update vendor information and payment instructions for fund expenses
• Worked on special projects and Migration will be advantage.
• Should have knowledge of Mutual fund and Hedge Fund industry.
• Prior working experience in BPO/captive on capital markets back office processes.
• Experience and expertise in Business Areas- Middle Office Processing, Fund accounting
• Prior working experience in BPO/captive on capital markets back office processes.
• Experience in process set-up/migration of work from onshore would be preferred

Key Responsibilities / Functions / Role:

• Preparation of financial statements/regulatory reports for long funds as per US GAAP/IFRS/Lux GAAP or UK/IRISH GAAPs.
• Acting as subject matter expert for the team
• Complete daily work in compliance with internal controls and procedures necessary to ensure quality products
• Ensuring process initiatives and efficiency gain
• Report and escalate potential issues and breaches to appropriate departments and manager even if not directly related to fund accounting to minimize risk for Client and Citi
• Develop strong, pro-active and highly professional working relationships with all internal and external customers.
• Managing and building a strong team
• Preparation of MIS
• Meeting SLAs
• Ability to work towards creating a positive working environment
• Ability to work with and assist other associates in meeting common goals
• Ability to produce high quality results
• Effective Time Management & organizational skills
• Good Interpersonal skill
• Should be willing to work in shifts and flexible work hours as per process requirements.

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

• Professional qualifications like CA, CFA, and CPA will be an added advantage.

Skills:

• Excellent communication / Domain skills.
• Excellent interpersonal skills.
• Advanced experience working with Microsoft Office applications required, especially Excel
• Good Team Player.

Time Type:

Fund Accounting - Subject Matter Expert

This document outlines the responsibilities and requirements for a Senior Individual Contributor and Subject Matter Expert within the Fund Accounting team. This role plays a crucial part in ensuring the accuracy of fund valuation data for various downstream processes.

Responsibilities:

• Reconciliation Expertise:
  • Possess deep understanding and expertise in cash, securities, and unit reconciliation processes.
  • Independently investigate and resolve complex discrepancies, including unmatched cash and stock differences between internal records and custodian statements.
  • Proactively identify and analyze reconciliation breaks, determining root causes and implementing effective solutions.
  • Maintain up-to-date knowledge of corporate actions, SWIFT messages, custody statement formats, and their impact on reconciliation.
  • Possess the ability to perform manual reconciliations when necessary, demonstrating a comprehensive understanding of the underlying principles.

• Data Analysis & Process Improvement:
  • Leverage analytical skills to identify trends, patterns, and potential risks within reconciliation data.
  • Develop and implement process improvements to enhance efficiency, accuracy, and control within the reconciliation function.
  • Contribute to the design and testing of new technologies and system enhancements related to reconciliation processes.
  • Proactively identify and mitigate operational risks, ensuring compliance with regulatory requirements and internal control standards.

• Stakeholder Management & Collaboration:
  • Collaborate effectively with internal stakeholders, including Fund Accounting team members, Operations, Technology, and Compliance, to resolve issues and drive process improvements.
  • Communicate clearly and concisely with external stakeholders, such as custodians and clients, to resolve reconciliation discrepancies and address inquiries.
  • Provide guidance and mentorship to junior team members, sharing expertise and best practices in reconciliation.

• Subject Matter Expertise:
  • Serve as a subject matter expert on reconciliation processes, providing guidance and support to the team and stakeholders.
  • Stay abreast of industry best practices, regulatory changes, and emerging trends in reconciliation.
  • Contribute to the development and delivery of training materials and knowledge-sharing sessions related to reconciliation.

Requirements:

• Experience:
  • Minimum of 4+ years of hands-on experience in Fund Accounting Operations, with a strong focus on reconciliation processes.
  • Proven track record of independently investigating and resolving complex reconciliation breaks.
  • Experience working with various financial instruments, including equities, fixed income, and derivatives.
  • Should have experience in Alladin experience

• Technical Skills:
  • Advanced proficiency in Microsoft Excel, including data analysis and reconciliation tools.
  • Familiarity with industry-standard reconciliation systems and applications.
  • Strong understanding of accounting principles and their application to investment operations.

• Personal Attributes:
  • Excellent analytical and problem-solving skills.
  • Strong attention to detail and commitment to accuracy.
  • Ability to work independently and as part of a team.
  • Excellent communication and interpersonal skills.

• Desirable Qualifications:
  • Bachelor's degree in Accounting, Finance, or a related field.
  • Relevant industry certifications (e.g., CFA, CAIA).

• Willing to work on flexible shifts

Time Type: