Job Description

:INTERNAL USAGE:No. of Vacancies:2Reports to:Is a Team leader?Yes 1 position is team leaderTeam Size:2Grade:1 Upto AVP, 1 upto SMBusiness:Corporate BankingDepartment:Wholesale Banking ProductsSub-Department:Fund ServicesLocation:GIFT CityWhole Sale Banking Product - Fund ServicesThe Wholesale Banking Products Department focuses on the gamut of corporate products viz. Current Account, CMS, Trade (Domestic & Cross Boarder) & Supply Chain Finance, Sector Solutions, Capital Account and Custody & Capital Markets; IPO & Escrows. Provides digital solutions with advanced technology. Manages business strategy and Sales & solutions. Gujarat International Financial Tec-City (GIFT)Fund Services is a niche segment focus on Domestic - PMS, AIF, MF, Insurance etc and offering Fund Accounting Services for Portfolio Managers (PMS), Alternative Investment Funds (AIFs) & MF/Insurance in India and Gujarat International Financial Tec-City (GIFT)About the Role - Fund Accounting & ReportingThe role is to execute and manage fund accounting activities for Funds setup in Gift city and warrants relevant operational and regulatory knowledge, experience and fund accounting background. The role involves ensuring daily execution of NAV of Mutual AIF/Fund/Insurance fund schemes, ensuring complete and accurate daily/weekly/monthly client reporting as per SLA plus regulatory reporting, Allocation of work to team members and ensuring timely execution of assigned task, various MIS reporting to management, Handling clients for regular and adhoc requirements and operational concerns, handling clients and other audit, active participation in and driving system developments and digital adoptionResponsible for Fund Services Products & Middle office in Gift City

• Implement Fund Accounting new systems, completion of UAT
• Developing SoPs, documents, SLAs, BRD, Reports as required by the institutional clients or regulators.
• Automation of generation of Regulatory reporting of Custody clients
• Ensuring Regulatory Compliance/Controls in process, timelines etc.
• Day to Day NAV and reporting support for Client

Key Responsibilities

• Preparing CMC documents, taking necessary approvals from the stakeholders and implementing the processes under new growth areas - Mutual Funds; Insurance; FPI & AIF
• Requirement discussion with Operations and coverage and preparing Business Requirement Documents (BRD) to enhance / implement it in custody and Fund accounting systems to suite the needs.
• Responsible to ensure completion of UAT and implementing the process in the prescribed timeline
• NAV Computation and related activites
• Servicing and client Query Management
• Preparation of Annual Financial statement
• Supporting clients in all types of Audits - Internal and External
• MIS and Regulatory Reporting Support
• To ensure transaction processing and client deliverables as per agreed SLA, monitoring and ensuring implementation of all relevant regulatory changes
• To handle escalations if any and ensuring high customer satisfactions score
• To manage clients operational review meetings, obtaining feedback and addressing clients concerns/recommendation

Qualifications

• For AVP role : Chartered Accountant with experience of 10+ years in Fund Accounting / Administration supporting Alternate Funds in India or Hedge funds and Private equity funds globally.
• For SM role : Any masters degree with experience of 5-10+ years in Fund Accounting business.

Role Proficiencies:

• Experience in Fund Accounting and have good knowledge of MF, AIF & Insurance Regulations in India and Gift city .
• Experience in handling different asset class (Incl Alternative asset Classes)
• Ability to support product and system rollout, including system UAT and updating product guides.
• Support and Manage Daily production activities.
• Experience on extended services such as mid office

Skills:Refer to the About Company:Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. The Bank has a large footprint of 4,594 domestic branches (including extension counters) with 11,333 ATMs & 5,710 cash recyclers spread across the country as on 31st March, 2021. The Bank has 6 Virtual Centres and has over 1500 Virtual Relationship Managers as on 31st March 2021.The Overseas operations of the Bank are spread over eight international offices with branches at Singapore, Dubai (at DIFC) and Gift City-IBU; representative offices at Dhaka, Dubai, Abu Dhabi, Sharjah and an Overseas subsidiary at London, UK. The international offices focus on Corporate Lending, Trade Finance, Syndication, Investment Banking and Liability Businesses

Axis Bank