Senior Fund Accounting Manager - Mutual Fund Industry

Job description

Accounting Manager Job Opportunity

We are seeking a seasoned Accounting Manager to join our team. This is a fantastic chance for an experienced professional to take on a challenging role and contribute to the success of our organization.

The ideal candidate will have a strong background in fund accounting, with a minimum of 5 years of experience in Mutual Fund – Fund Accounting of Equity, Debt, Liquid, Arbitrage, Overseas, ETF, Index Funds. They will be responsible for end-to-end NAV computation and declaration, daily reporting, and other related tasks.

• Key Responsibilities:

• Fund Accounting Management: Overall responsibility of computation and declaration of end-to-end Net Asset Value and Fund accounting of mutual fund schemes on daily basis.

• Daily Reporting: Responsible for daily NAV, Daily reporting, Monthly reporting, Bi-Monthly reporting, quarterly reporting, half yearly reporting, and yearly reporting for the regulators.

• Document Management: Documenting and maintaining the MIS and Statutory reports.

• Financial Statement Preparation: Prepare and perform controls on monthly general ledgers.

• Master Data Maintenance: Securities master creation and maintenance in MFund Plus application.

• Reconciliation: Review and resolve differences on periodical (daily, monthly, quarterly, etc.) data reconciliations.

• Back Office Operations: Handling Back Office Operations and Processes relating to domestic and overseas trade settlement.

• Financial Statements Preparation: Preparation and review of monthly, quarterly and annual financial statements.

• Settlements: Settling the Equity, Debt, GSEC & Repo trades in MFund/Quantis through STP, FIMMDA Reporting & NDS systems and informing the same to custody.

• Fee Calculation: Calculate management fees and Other Expenses as per SEBI slab, and UPR calculation.

• Liaisoning: Liaise with auditors, custodian, PCM and internal contacts on a day-to-day basis.

• Analysis: Prepare and/or review financial statements, notes disclosures, and supporting schedules.

• Training and Support: Training and supporting the team/new joiners to smoothly overcome their learning curve.

• Billing and GST Calculation: TDS, STT, management fees, billing fees, GST calculation on monthly basis.

• Performance Evaluation: Preparation of fact sheets which involves comparing absolute returns to benchmark returns, thus providing an insight to the fund manager on the performance of the scheme.

• Audit Scrutiny: Preparation of 25(11), AMC activity report, Trial Balance scrutiny, Bank and Demat reconciliation.

• Process Automation: Working on Automating of back-office operation and streamlining daily NAV Process and Automating Monthly reports delivered to regulators.

Requirements:

• Qualification: CA mandatory for Senior role / B. Com / PG.

• Experience: 5 to 10 years of work experience in Mutual Fund – Fund Accounting of Equity, Debt, Liquid, Arbitrage, Overseas, ETF, Index Funds.

• Skills: Advanced MS Excel knowledge, VBA Macros.

• Personal Qualities: Ability to work under pressure and manage tight internal and client deadlines.

• Communication Skills: Strong communication skills, including written, listening and presentation abilities.

• Client Relationship Management: Client relationship management skills.

Preferred Qualifications:

• Command on the regulations on MF activities impacting operations (FA and RTA)

• Well versed with Fund Accounting and preparation of financial statement of MF Schemes

• MIS (Excel, Word, Power Point)

Interested candidates can apply by sending their resume to us.

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