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IORS - Insurance Fund - Associate/Sr. Associate

0 years

0 Lacs

bengaluru karnataka india

Posted:1 month ago| Platform: Foundit logo

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Skills Required

geneva application paydown factor calculation advanced excel skills pro-rata calculation capital call reconciliation interest accrual calculation

Work Mode

On-site

Job Type

Full Time

Job Description

Job Responsibility:

Reconciliation and breaks resolution of cash and position breaks related to insurance funds. Working knowledge on Geneva application and Expertise on bonds and capital call reconciliation is plus.

  • Bachelor's or master's degree or equivalent professional qualification, preferably in Accounts or Finance (BBA/BCom/MBA).
  • Energetic, results-focused, change agent, with a strong work ethic.
  • Ability to work to tight deadlines under pressure, while maintaining attention to detail.
  • Excellent organizational and time management skills with a positive and pro-active can-do-attitude.
  • Team player and people motivator.
  • Interpersonal, collaborative, relationship building and influencing skills.
  • Strong organizational and analytical skill with strong attention to detail.
  • Strong track record of excellent results delivered to internal and external clients.

Key Responsibilities:

This role demands candidates that can work across a range of tasks simultaneously and can work independently with minimal instruction while hours may vary depending on the markets the organization operates within:

  • The role involves end to end reconciliation and break resolution of insurance funds
  • Good understanding on reading and interpreting data from custody statements
  • Reconcile paydown, interest, trade, corporate action, cash & position transfer with custody statements on daily basis
  • Reconcile capital calls, rebalances and quarterly Interest payments for insurance funds on daily basis
  • Strong fundamental knowledge on pro-rata calculation, paydown factor calculation and Interest accrual calculation
  • Ability to read and interpret paying agent information, amortization schedule from notes purchase agreement
  • Good understanding on different Bloomberg screen and their functionalities specific to bonds & liability notes
  • Ability to interact with multiple counterparties like paying agent, custodian on daily basis via emails
  • Demonstrate high attention to detail and should work in a dynamic environment whilst maintaining high quality standards
  • Advanced excel skills will be an added advantage

Key Metrics:

  • End to end knowledge on Insurance funds Cash & Position reconciliation
  • Working knowledge on Geneva or other accounting tools is mandatory requirement
  • Ability to multitask activities and complete assigned deliverables within SLA

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Acuity Knowledge Partners

Financial Services

London United Kingdom

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IORS - Insurance Fund - Associate/Sr. Associate

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bengaluru, karnataka, india