Job Description
Manager - Back Office Investments Operations - CA/ICWA/CFA
Purpose of the job : To manage the cash flows, fund accounting & accurate NAV calculations. To communicate valuations internally & externally
Managing the cash flow :
- Monitor everyday fund and record the inflow & outflow on a daily basis
- Derive the investable funds - Update the front office on the investable fund to enable them to take decision for buying securities.
- Ensure the bank letters for purchase / Sales of various investments, securities, are made and dispatched to the bankers.
- Ensure no funds are lying idle & there is no overdraft in any bank accounts.
- Responsible for Monitoring MF Investment.
Manager fund accounting :
- Authorize all inflows & outflows recorded in Mfund/Mpower for sale / purchase of securities & receipt of corporate actions
- Ensure corporate actions are recorded and authorized in Mfund
- Ensure & authorize all deals for the day are recorded (input)
- Ensure at the day end all the records (transactions as well as maintenance) are authorized.
- Ensure the EOD is run in Mfund/Mpower at the end of the day.
- Ensure the valuation of equity shares, G-Sec, bonds, money market instruments, is done as per IRDA guidelines.
- Responsible for Liaison with banks, custodian, brokers, counter parties and regulatory authorities.
- Responsible for Monitoring of Reconciliation of Bank Accounts, Custody Accounts and Investment Accounts.
- Responsible for Monitoring Transfer Instructions to the Bank.
- Responsible for Computation of Units to be created / destructed.
NAV Calculations :
- Checking NAV of Unit linked funds
- Ensure all income & expenses accrued for the day are accurate
- Ensure accurate load calculations are done for each fund for arriving at the unit prices.
- Send the appropriate file to press for publishing before 8.00pm daily.
- Ensure unit prices are uploaded on website & life Asia.
Preparing MIS & reports & other functional operations:
- Responsible for Prepare MIS Reports.
- Responsible for month end report to Account.
- Monitoring accounting entries related to investments
- Responsible for settlements of deals and back office operations.
- Responsible for Handle internal and statutory audit for investment related activities.
Personal Attributes:
- Good communication skills.
- Sound knowledge of IRDA Regulation
- Good Fund Accounting and MIS preparation background.
- Good Team player.
- Having good knowledge of MS- Excel, Macro and Fund Accounting software Package
Purpose of the job : To manage the cash flows, fund accounting & accurate NAV calculations. To communicate valuations internally & externally
Managing the cash flow :
- Monitor everyday fund and record the inflow & outflow on a daily basis
- Derive the investable funds - Update the front office on the investable fund to enable them to take decision for buying securities.
- Ensure the bank letters for purchase / Sales of various investments, securities, are made and dispatched to the bankers.
- Ensure no funds are lying idle & there is no overdraft in any bank accounts.
- Responsible for Monitoring MF Investment.
Manager fund accounting :
- Authorize all inflows & outflows recorded in Mfund/Mpower for sale / purchase of securities & receipt of corporate actions
- Ensure corporate actions are recorded and authorized in Mfund
- Ensure & authorize all deals for the day are recorded (input)
- Ensure at the day end all the records (transactions as well as maintenance) are authorized.
- Ensure the EOD is run in Mfund/Mpower at the end of the day.
- Ensure the valuation of equity shares, G-Sec, bonds, money market instruments, is done as per IRDA guidelines.
- Responsible for Liaison with banks, custodian, brokers, counter parties and regulatory authorities.
- Responsible for Monitoring of Reconciliation of Bank Accounts, Custody Accounts and Investment Accounts.
- Responsible for Monitoring Transfer Instructions to the Bank.
- Responsible for Computation of Units to be created / destructed.
NAV Calculations :
- Checking NAV of Unit linked funds
- Ensure all income & expenses accrued for the day are accurate
- Ensure accurate load calculations are done for each fund for arriving at the unit prices.
- Send the appropriate file to press for publishing before 8.00pm daily.
- Ensure unit prices are uploaded on website & life Asia.
Preparing MIS & reports & other functional operations:
- Responsible for Prepare MIS Reports.
- Responsible for month end report to Account.
- Monitoring accounting entries related to investments
- Responsible for settlements of deals and back office operations.
- Responsible for Handle internal and statutory audit for investment related activities.
Personal Attributes:
- Good communication skills.
- Sound knowledge of IRDA Regulation
- Good Fund Accounting and MIS preparation background.
- Good Team player.
- Having good knowledge of MS- Excel, Macro and Fund Accounting software Package
💡 Quick Summary
Seeking a career-building opportunity? The Manager | Back Office Investments Operations | CA|ICWA|CFA |4|7 yrs position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai, offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
