Fund Administrator
Year Kolkata, West Bengal, India
Job Description
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Job description
Business: Markets and Securities Services, Traditional NAV Open positions: 1 Role Title: Fund Administrator Global Career Band: 8 Location: Kolkata Recruiter Name: S, Srinivasan Why join us?
- The traditional A&V team has daily, monthly and weekly NAV valuations with stringent timelines. The team is responsible for performing capital activity bookings, accruals, amortization, yields leading to final generation and validation of NAV through diagnostic checks, FMR and post NAV activities. The team also performs other Monthly & Reporting activities which includes Fee Reviews. XD Distribution, Trustee Packs and Queries, Regulatory & Client Reporting.
- The A&V team is responsible functionally across multiple jurisdictions (where applicable) serviced out of MSS Kol.
- The working environment is very professional and the incoming individual will have to meet the work related challenges with the same zeal. To ensure that individuals are able to perform at the desired level, there will be process training & necessary guidance provided on an ongoing basis.
- To prepare accurate NAV packs of Traditional fund portfolios and related activities on timely basis with expected quality.
- Will be responsible to ensure quality pack deliverables for several portfolios of Traditional funds.
- Promote relentless focus on service quality across Traditional Fund portfolios
- Implement key changes in the process and deliver continuous process improvement.
- Capture accurate and right data ( ICATs,daily tracker, etc ) for purpose of MIS
- The individual will have to complete all the activities of the assigned funds within the set time limit and ensure that the accurate pack is delivered to the stakeholders within the PLA.
- The individual needs to be flexible to work shifts and respond to additional business need if required.
- Be flexible to adopt in different working environment with counter parts across the globe.
- The role will interface with all other relevant MSS Departments and with HSBC global offices as appropriate.
- Participate in the deployment of defined business solutions to remove manual processes.
- Identify and reduce manual processes for enhanced operational control. Support and implement technology up gradation.
- Lead User Acceptance Testing for the business (as and when required).
- Primary responsibility of preparing NAV packs and performing checker activities as and when required.
- Raising the exceptions with appropriate teams to ensure the actions of the same before finalizing the pack.
- To develop and maintain mutually respectful & successful relationships with internal customers & business partners.
- Ensure all service deliveries are timely, accurate and in line with PLAs, agreed standards, client commitments and BP expectations.
- To share process related best practices with the team.
- Initiatives to demonstrate the application of principles in the day to day work environment Participation and support provided to initiatives taken by other teams
- Perform any additional responsibilities that may be required by the Supervisor in support of the on-going management and development of the division
- Be involved in the project / support related activities as and when it arises.
- Undertake/conduct trainings/cross training for all staff including existing and new staffs.
- Being proactive in identifying root cause for process related challenges and share qualitative resolution
- Be flexible to adopt in different working environment with counter parts across the globe.
- Demonstrate Group Values & principles
- To maintain HSBC internal control standards including the timely implementation of audit points.
- Updating all daily MIS/trackers as required by the process.
- Complete all Mandatory trainings as and when required.
- Ensure timely follow up on the open & outstanding issues that hinder the valuation. Ensure, Escalation Matrix is followed as per agreed between Business Partners and MSS Kolkata.
- Undertake/participate in projects for improvement in delivery quality and/or timeliness.
- Identify and reduce manual processes for enhanced operational control. Support and implement technology up gradation
- Continually raising the risks that have been identified / observed in department processes and procedures.
- Support audit process and recommendations on a timely manner
- Perform the fund\xe2\x80\x99s activities correctly as per the SOP, Checklist and controls.
Requirements
What you will need to succeed in the role:
- Bachelor\xe2\x80\x99s degree in accounting or other qualifications relevant to the accounting/finance industry.
- 0-2 years of relevant/accounting work experience.
- Good knowledge of Capital Markets and Financial instruments.
- Basic knowledge of end to end product and process, multiple market and regulations.
- Good knowledge in accounting principles, fundamentals of Accounting.
- Proficiency in EXCEL essential.
- Ability to Speak and understand English.
- Good interpersonal and team work skills.
- Organized and detail oriented.
- Ability to re-prioritize workloads due to changing circumstances; meet strict deadlines.
- Basic understanding of the E2E Fund Accounting Model.
- Basic knowledge in custody, brokerage, depository, investment accounting, mutual funds and reconciliations.
- Must be aware of the operational risk scenarios associated with this role and act upon pertinent risk (if any).
- Graduate/CA/ ICWA/ CS / PGDBM/MBA in Finance or CFA (D)
- Will be expected to maintain HSBC internal control standards, including the timely implementation of internal and external audit points, together with any issues raised by external regulators
- Knowledge of Derivatives Instruments
- Expert in Accounting Knowledge
- Earlier experience in custody / brokerage / funds services / depository industry.
- Detailed understanding of end to end product and process, multiple market and regulations pertaining to the fund services industry.
- Excellent customer service and communication skills.
- Working knowledge of accountinng applications used across industry
- Life cycle of NAV process
- Additional qualifications related to financial industry will be given preference
- Responsible for the implementation of Group Compliance Policy as is applicable to this role.
- Must be aware of the Operational Risk scenario associated with this role and to ensure that all actions performed take into account the likelihood of operational risk occurring.
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Job Detail
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Job IdJD3260258
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationKolkata, West Bengal, India
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EducationNot mentioned
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ExperienceYear