Fund Accounting - Subject Matter Expert

This document outlines the responsibilities and requirements for a Senior Individual Contributor and Subject Matter Expert within the Fund Accounting team. This role plays a crucial part in ensuring the accuracy of fund valuation data for various downstream processes.

Responsibilities:

• Reconciliation Expertise:
  • Possess deep understanding and expertise in cash, securities, and unit reconciliation processes.
  • Independently investigate and resolve complex discrepancies, including unmatched cash and stock differences between internal records and custodian statements.
  • Proactively identify and analyze reconciliation breaks, determining root causes and implementing effective solutions.
  • Maintain up-to-date knowledge of corporate actions, SWIFT messages, custody statement formats, and their impact on reconciliation.
  • Possess the ability to perform manual reconciliations when necessary, demonstrating a comprehensive understanding of the underlying principles.

• Data Analysis & Process Improvement:
  • Leverage analytical skills to identify trends, patterns, and potential risks within reconciliation data.
  • Develop and implement process improvements to enhance efficiency, accuracy, and control within the reconciliation function.
  • Contribute to the design and testing of new technologies and system enhancements related to reconciliation processes.
  • Proactively identify and mitigate operational risks, ensuring compliance with regulatory requirements and internal control standards.

• Stakeholder Management & Collaboration:
  • Collaborate effectively with internal stakeholders, including Fund Accounting team members, Operations, Technology, and Compliance, to resolve issues and drive process improvements.
  • Communicate clearly and concisely with external stakeholders, such as custodians and clients, to resolve reconciliation discrepancies and address inquiries.
  • Provide guidance and mentorship to junior team members, sharing expertise and best practices in reconciliation.

• Subject Matter Expertise:
  • Serve as a subject matter expert on reconciliation processes, providing guidance and support to the team and stakeholders.
  • Stay abreast of industry best practices, regulatory changes, and emerging trends in reconciliation.
  • Contribute to the development and delivery of training materials and knowledge-sharing sessions related to reconciliation.

Requirements:

• Experience:
  • Minimum of 4+ years of hands-on experience in Fund Accounting Operations, with a strong focus on reconciliation processes.
  • Proven track record of independently investigating and resolving complex reconciliation breaks.
  • Experience working with various financial instruments, including equities, fixed income, and derivatives.
  • Should have experience in Alladin experience

• Technical Skills:
  • Advanced proficiency in Microsoft Excel, including data analysis and reconciliation tools.
  • Familiarity with industry-standard reconciliation systems and applications.
  • Strong understanding of accounting principles and their application to investment operations.

• Personal Attributes:
  • Excellent analytical and problem-solving skills.
  • Strong attention to detail and commitment to accuracy.
  • Ability to work independently and as part of a team.
  • Excellent communication and interpersonal skills.

• Desirable Qualifications:
  • Bachelor's degree in Accounting, Finance, or a related field.
  • Relevant industry certifications (e.g., CFA, CAIA).

• Willing to work on flexible shifts

This role presents an exciting opportunity for a highly motivated and experienced individual to make a significant impact within a dynamic and growing team.

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