Fund Accounting - Senior Associate Jobs in State Street - Bangalore

State Street

Bangalore, Karnataka

3 - 4 yrs Exp.

Not Disclosed

20 Apr 2023
5 Applicants
1065 views

Job Description

Responsibilities:

Undertake the following, with a goal of 100% accuracy, timeliness and completeness:
Calculate and validate a daily and/or weekly and/or monthly Net Asset Value (NAV) for your assigned funds
Assist and train others in your team with their NAV calculation and problem resolution
Design and implement operational efficiencies
Provide timely accurate management reporting and issue log maintenance, under moderate supervision
Research and resolve exceptions and issues
Escalate unresolved issues to management as required
Reconcile and resolve discrepancies with other Shared Service teams, external clients and Client Operations as needed
Ensure all inquiries are resolved in a timely and accurate manner and communicates effectively with client when necessary
Ensure appropriate records of daily and monthly activities are kept
Coordinate effective and timely flow of critical information to all relevant parties and follows up on administrative details within the department
Oversee the adherence to Standard Operating Procedures
Maintain knowledge of current alternative procedures and processes
Assist with workflow management and technology enhancement, make suggestions to streamline operations
Document any updates or changes to formal procedures, databases, etc.
Participate in projects as well as prepare and verify information for those various projects/special requests as directed
Train, develop and motivate new staff and complete performance appraisals
Provide staffing recommendations by interviewing new personnel
Coordinate and supervise work efforts when multiple Associates are needed to complete work
Provide coaching and development opportunities to staff, participate in individual on-going training and development
Has accountability and responsibility for completing and delivering PPRs on time
Make effective recommendations to hire, discipline, control work and terminate employment
Make effective recommendations for promotions, salary increases and bonuses.
During the course of normal day to day operations, responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures.
Perform duties of Associates if required, perform other duties as assigned.

Qualifications/ Skills:

Experience Requirements:

Minimum of 3-4 years of Fund Accounting experience
Knowledge of securities language and legal requirements.
Good interpersonal and organizational skills.
Some understanding of operational functions within Hedge / Mutual Fund Accounting.

Education Requirements:

Novice to Competent with a Bachelor’s degree or equivalent work experience with a focus in Accounting, Economics, Finance, Technical or related field preferred.
Proficient with Microsoft Office Products (Excel, Word)
Location: Hyderabad & Bangalore – Multiple shifts
Excellent communication, organization, interpersonal planning, and analytical skills
Deadline and detail oriented

Key Skills

Excel word Analytical skills Securities langugae

Other Details

Education

Any Graduation/Diploma

Employment Type

Full Time, Permanent

Industry

Banking / Financial Services / Broking

Funtional Area

Other

About Company

At State Street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing. Whether you are an asset manager, asset owner, alternative asset manager, insurance company, pension fund or official institution, you can rely on us to be focused on your challenges. We are committed to doing what it takes to help you perform better — now and in the future.

Job Source : https://careers.statestreet.com/global/en/job/R-732225/Fund-Accounting-Senior-Associate

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