• Senior Associate Fund Accounting Jobs in Chennai,India - 23779830

  • Bnp Paribas
  • Save Job
  • 3 - 5 Years
  • Posted : above 1 month

Job Description:

This role is an SME position that requires compulsory formal education with excellent communication skills
In this position, a senior associate performs the role of a full time checker/reviewer also contributing towards processing of reconciliations
Role is to review thoroughly the reconciliations done between bank/out of bank assets Vs ledger accounts by the processor and check if the necessary back-up has been saved correctly for further assimilation to stakeholders
A senior associate will also contribute by bringing in the fresh ideas from previous work experience to the table in this fast changing environment

Responsibilities

Direct Responsibilities

Strive to become a SME (Subject Matter Expert) of the process by acquiring complete knowledge of reconciliations processing across all funds & instruments types
Should be able to perform complex reconciliations independently
Should be able to perform review function
For review function, ensure all breaks are justified and commented correctly, all delays and errors are captured on the tracker Also, ensure that the reconciliations are closed on reconciliation tool and sign-off is sent to the NAV teams
To chase relevant parties for all long pending breaks on a periodic basis Escalate to manager in case break not resolved despite constant chasers
Ensure reconciliations are completed for each NAV calculation
Completeness of reconciliations includes


  • Funds reconciled are delivered on time

  • Delay reasons are updated correctly

  • Processor and reviewer time updated on tracker

  • Sign-off sent to the NAV teams based on cut-off agreed

  • Archival of packs done on a daily basis for reconcilitions performed manually (specific to derivatives reconciliations)


Ensure to adhere quality SLA of 99% & above while performing reconciliations
Ensure to adhere timeliness SLA of 95% & above while performing reconciliations
There should be no comebacks from NAV teams on the reconciliations performed by self and team
There should be no incidents logged on reconciliations performed by self and team
Be proactive in resolving queries and escalate immediately to the manager on any issues/queries/escalations

Contributing Responsibilities

Be proactive in resolving queries of team members and escalate immediately to the supervisor on any issues/queries/escalations
Ensure to complete ad-hoc duties which may arise from time to time, mainly on month ends, year-ends and system down-time scenarios
Effectively monitor the respective group mail box and respond efficiently to the queries
Co-ordinate audit and ORC requests and ensure that it is completed on time
Provide AM / AM Leads timely feedback on staff performance by producing timeliness and errors details
Provide necessary training (process + product related) to the team members
Required to plan leaves in advance as per GSO policies and keep a tab on unplanned leaves for self and the team

Technical & Behavioral Competencies

Thorough understanding of all Capital market, Financial Instruments, Investment baking processes and advanced accounting skills
Excellent verbal and written communication
Strong analytical skills, detail orientation, service commitment, solid organizational and interpersonal skills
Ability to work independently, as well as in a team environment, prioritizes multiple tasks and meets strict deadlines
Proficient in Microsoft Office Applications Strong MS Excel, MS Word, MS PowerPoint skills required
Should be self-motivated and energetic
Should be able to train staff
Candidates should be willing and flexible to work in any shifts
Specific Qualifications (if required)
Graduate/Post Graduate (preferably in finance)
Candidates should have relevant Fund accounting reconciliations or NAV experience
Working knowledge on Intellimatch tool an advantage (Specific for Paris/Spain recon process),

Profile Summary:

Employment Type : Full Time
Industry : Banking / Financial Services
Salary : Not Disclosed
Deadline : 08th Apr 2020

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