Senior Supervisor - Middle Office

Assistant Vice President - Middle Office

PUNE/Bangalore

The successful candidate will join the Middle Office team as an AVP Middle Office and will be closely working with Client Service Managers based in Europe/Singapore/US regions in connection with the performance of duties related to the Middle Office Reconciliation process. Candidate should have around 10 plus years of relevant experience in the Hedge/mutual Funds reconciliation and Break resolution experience, must have good knowledge in Financial products.

Reporting

The position reports to VP Middle Office

Key duties and responsibilities

• Planning, scheduling and managing the daily workflows of all client deliverables within the team.
• Responsible to review/prepare the Middle Office Reconciliations on a daily/Monthly basis.
• Prepare Cash/Position/Market Value Reconciliations and resolving breaks. Notify Clients/CSMs of valid breaks. If break are due to an erroneous or missing transaction in Accounting system, then make necessary adjustments
• Review Reconciliation and provide sign off to client.
• Reviewing the corporate actions booked in the system and ensuring that the same is correctly reflected in the books. Dividends/Interest Reconciliation with Broker reports
• Independently price the Investment positions on a daily & monthly basis.
• Responsible for accruing/amortizing daily or monthly non-security related Fee accruals
• Review the PNL before delivering the report to client.
• Process non-automated transactions including OTC derivatives and their related cash movements.
• Effective communication with clients on daily reporting of Reconciliation/Query resolutions.
• Checking that all OTC products traded by the client have been booked correctly.
• Support operations on projects related to Automations/Work migrations/Conversions etc.
• Support global changes in Key operating procedures and implementation.
• Coordinating with Internal/External Stake holders such as Securities/Trades and Pricing Team, Reporting Team, Investor Services team, Auditors, Client Service Managers and Clients.
• Effectively monitoring deliverables to ensure high SLA compliance within set accuracy standards.

Skills Required

• Experience working with an investment management or finance-related firm.
• Experience working in Fund Accounting area especially on FX or PNL
• Good knowledge of the investment industry with minimum 12 Years of experience
• M.com/CA/MBA Finance/CFA
• Familiarity with Calypso/Paxus is a major plus.
• An ability to think critically and objectively.
• Experience with reconciliation and break resolution and, with demonstrated attention to detail and accuracy, analytical, technical, organizational, and problem-solving skills.
• Proficiency in advanced Excel functions.
• Excellent communication and inter-personal skills.
• Work additional hours as needed.
• Team management
• Performance appraisal
• People growth and development

Qualification and Experience:

• Post graduate in Commerce, MBA Finance, CA/CMA/CFA
• 10-14 Years experience in Middle Office & Hedge/Mutual Fund reconciliation and break resolution experience.