Overview
Job Description
– We are looking for a Manager for our Trade Accounting and Operations group based in Hyderabad.
– The group handles post trade activities for hedge funds with one of their core daily objectives being ensuring post trade activities happen in a timely manner and record an accurate view of positions, cash and P&L in the books.
– The group works closely with counterparties, fund administrators and investment managers to achieve this and the primary activities for the same include daily street reconciliations, settlements, P/L reconciliations, admin reconciliations and fund accounting (GAV / NAV preparation), Investor Accounting (incl Fee calculations) and Regulatory reporting.
The group deals with a variety of strategies and different kinds of financial instruments, spanning different geographies and time zones.
Requirements:
– Accountability for work product of the team – daily trade, position, Swap MTMs, and cash reconciliations to the prime broker / custodians/administrators as well as all income / expense accruals.
– In addition, overseeing timely reconciliations and settlements of OTC products.
– Playing an active oversight role in day-to-day operations, escalation of aged breaks, business-as-usual troubleshooting and setting direction and goals for individuals.
– Coordinating with investment managers, prime brokers & administrators to resolve day-to-day exceptions, as well as develop more strategic initiatives.
– Liaising with other internal functions like pricing, middle office and collateral management to resolve discrepancies and/or respond to internal queries.
– Assisting the team and playing a review role for the accounting close (monthly / bi-weekly); providing adequate support for outstanding breaks, and preparation of month-end binder.
– Working with the team in NY and locally to define strategy and new projects, including prioritizations.
– Providing assistance to auditors and fund administrators during the audit and NAV finalization process.
– Working with technology teams as needed, by assisting in special projects, developing bespoke reports, developing specifications, product implementation and UAT.
Benefits:
– The ideal candidate must have an MBA (Finance) / CFA / CA or any another equivalent qualification
– 2-4 years of work experience in fund accounting
– In-depth domain / finance knowledge, attention to detail, the ability to work with minimal supervision and experience in managing high performers.
– Drive to enhance the efficiency of processes
– Strong project management skills and effective managerial ability
– Strong communication and collaboration skills
– Proficiency in MS Excel