Job
Description
Position: Manager – Operations & Accounts Responsible to: Managing Director A. Overview of the position The Manager – Operations & Accounts will be responsible for operationalizing the Transactional, Accounting and Financial priorities of Sovereign Global Markets Pvt. Ltd. (SGMPL). The individual shall, primarily be responsible for settlement and recording of transactions of SGMPL. The individual shall also be responsible for coordinating with banks and other institutions, towards fulfilment of financial and compliance requirements of SGMPL. He/ She will coordinate at the tactical and operational levels, with the other functions of SGMPL. B. Qualification o Primary: Bachelors in commerce o CA (Inter) and/ or Diploma in Investment Management, financial markets or allied domains C. Experience and Skills o A minimum of 3 years of experience in operations and/ or accounts in the Fixed Income Broking industry; o Good knowledge and understanding of financial products (Fixed Income, Equity and Mutual Funds) and their markets; o Good understanding of trading platforms and mechanics of trading, with respect to financial products; o Proven understanding of commercial terms, pertaining to financial products; o Strong problem solving, analytical, organizational and inter-personal skills; o Computer literacy in Microsoft Office, data base management and other tools; o Hands-on experience of working in an Tally ERP; o Commitment to work with leadership and cross-functional teams; o Strong oral and written communications skills; o Openness to travel, to meet internal and external business demands. D. Working Relationship The positions report to the Managing Director and serves as a member of the operational team. This position participates with the management team towards operationalizing transactions and accounting initiatives of SGMPL. It also has working relationship with other cross-functional teams. E. Key Responsibilities o Responsible for providing complete back-office support to the Fixed Income vertical. o Responsible for confirmation and settlement of deals, including follow up with the banks and clients. o Execute trades on trading platforms, based on authorization as per the defined Delegation of Authority. o Follow up with exchanges and third parties, primarily for resolution of technical issues. o Record and report trade transactions to the different business units (i.e. daily/ weekly/ monthly). o Prepare and maintain detailed trading statements for the Fixed Income vertical, including the Trading Profit & Loss account (i.e. business unit wise as well as consolidated), under the guidance of the Finance Consultant. o Perform key financial reconciliations, pertaining to trades, on a periodic basis, to ensure accuracy of financial reporting. o Maintain the computation of “XIRR” and “YTM” for fixed income instruments. o Maintain details of Prop transactions as well as deals executed by team members in the respective Trackers/ Systems. o Manage bank limits for the different lines of business. o Maintain inventory of holdings on a real-time basis and provide report of holdings on a daily basis. o Ensure timely generation and submission of Management Reports for the different business units of SGMPL. o Ensure timely preparation and submission of quotes to clients. o Post accounting entries in the financial accounting system, in a timely manner. o Process payments (including invoices of third parties, operational expenses, payroll and statutory liabilities), in a timely manner. o Responsible for operations and accounting for petty cash transactions. o Ensure trade compliances (e.g. Professional Tax), with the support and guidance of the Finance Consultant. o Assist towards fulfillment of audit requirements, including provision of reports, preparation of accounting schedules, etc., under the guidance and supervision of the Finance Consultant. F. Other Responsibilities o Coordinate and collaborate with other functional departments, to facilitate meeting of business objectives; o Ensure that the operational costs are controlled and minimized, for effective utilization of the Company’s resources; o Ensure the functions’ adherence to SGMPL’s policies and procedures; o Ensure that the organization’s properties and assets are safeguarded. Show more Show less
