As a Chartered Accountancy student, gaining practical experience is crucial for your professional development. SBI Mutual Funds offers CA industrial training positions that provide you with hands-on exposure to the mutual fund industry. By working closely with the audit team, you will have the opportunity to contribute to audits, create process documentation, identify risks, test controls, and assist in formulating the yearly audit plan.
SBI Mutual Funds
SBI Mutual Fund was established on June 29, 1987, operating as a trust with the State Bank of India (SBI) serving as the sponsor and SBI Mutual Fund Trustee Company Private Limited functioning as the trustee.
This entity received its registration with SEBI on December 23, 1993. A pivotal development occurred on April 13, 2011, when SBI and AMUNDI Asset Management inked an agreement, leading to the transformation of the fund house into a joint venture.
Securing an industrial training position at SBI Mutual Funds during your Chartered Accountancy (CA) journey is an excellent way to gain practical experience and exposure to the financial industry. Here's a guide on how to increase your chances of landing a CA industrial training position at SBI Mutual Funds:
Job Description
The CA Industrial Training position at SBI Mutual Finances involves colorful liabilities related to auditing and threat operations. Some of the key tasks include:
- Assisting the audit team in performing audits, including audit programs, fieldwork, documenting audit work, and managing audits within defined timeframes.
- Understanding the processes involved in the mutual fund industry and assisting in creating process documentation.
- Contributing to the identification of risks associated with the mutual fund industry and related controls, as well as testing identified controls and creating audit plans.
- Working on special assignments, such as Request for Proposals (RFPs).
- Assisting in audit coordination and reviewing reports.
Skills and Experience
To qualify for a CA Industrial Training position at SBI Mutual Funds, candidates should demonstrate the following skills and competencies:
- Basic understanding of the mutual fund industry and some audit background.
- Effective communication skills, both verbal and written.
- Ability to work under pressure without compromising the quality of work.
- Proficiency in Microsoft Office, with a strong emphasis on Excel.
- Ability to work independently and as part of a team, with a self-motivated attitude.
Education and Training
- Pursuing a Chartered Accountancy
- One year of auditing experience minimum as Trainee
- A basic understanding of the mutual fund industry
- Background of internal audit experience in banking, financial services, insurance, or an equivalent external audit will be preferred
- Experience in IT auditing will be desirable
Roles and Responsibilities
- Assist the audit team in performing audits, including audit programs, audit fieldwork, documenting audit work, and managing the audit within defined timeframes.
- Understand the processes involved in the mutual fund industry and assist in creating process documentation.
- Contribute to identifying risks associated with the mutual fund industry and related controls. Also, test identified controls and create an audit plan for the process to be audited.
- Help the audit team formulate the yearly audit plan.
- Work on special assignments such as RFP
- Support the Audit team in the coordination and review of reports
How to Apply for Industrial Training and Selection Process
1. ICAI Articleship and Industrial Training Portal:
- Begin by registering on the ICAI Articleship and Industrial Training Portal. This enrollment provides the opportunity to apply for articleship positions, including those at SBI Mutual Funds.
2. Check regional council websites:
- Keep an eye on SBI Mutual Funds' industrial training vacancies advertised on the ICAI training portal and relevant regional council websites.
- Navigate to the specific regional council site associated with ICAI to locate announcements and opportunities related to industrial training at SBI Mutual Funds.
3. Submit the application via email:
- Once you identify an opening, submit your application along with your resume to the designated email addresses provided in the job announcement.
- Ensure that your application includes all necessary documents and adheres to any specific instructions provided.
4. Explore job portals:
- Explore industrial training opportunities on various job portals and websites. Websites like jobaaj.com, cacscma.com, and others may list positions that align with your preferences.
- Regularly check these platforms for updates on available opportunities.
5. Utilize LinkedIn:
- Leverage LinkedIn to connect with professionals involved in hiring at SBI Mutual Funds. Networking with individuals within the organization may provide insights into post-industrial Training openings and relevant email addresses for applications.
- Keep an eye on updates from SBI Mutual Funds' official LinkedIn page for any announcements related to industrial training positions.
6. Visit the company's official website:
- Explore the careers section on the official website of SBI Mutual Funds. This section often provides information on available opportunities, including industrial training positions.
- Follow the application procedures outlined on the website.
7. Selection Process:
- Be aware that the selection process adheres to specific screening criteria. Ensure that your application aligns with the outlined requirements.
- Candidates may be invited for either a physical or online interview, depending on the company's evaluation process.
A CA Industrial Training position at SBI Mutual Funds offers a valuable opportunity for Chartered Accountancy students to gain practical experience in the mutual fund industry.
By understanding the roles and responsibilities, job description, required skills and competencies, and following the steps to secure a position, you can enhance your professional growth and contribute effectively to the audit processes at SBI Mutual Funds.
So, start preparing your application and take the first step towards a successful career in the mutual fund industry!
FAQs
The CA Industrial Training position at SBI Mutual Funds offers Chartered Accountancy students a unique opportunity to gain practical experience in auditing, risk management, and process documentation within the mutual fund industry. As an intern, you will assist the audit team, identify risks, test controls, and help in the creation of annual audit plans.
To apply for CA Industrial Training at SBI Mutual Funds, candidates must:
- Have completed 18 months of articleship and be a CA Finalist.
- Have a basic understanding of the mutual fund industry and some experience in auditing.
- Possess proficiency in Microsoft Excel and familiarity with SAP.
- Effective communication and interpersonal skills are essential for the role.
To apply for CA Industrial Training at SBI Mutual Funds, you can:
- Register on the ICAI Articleship and Industrial Training Portal to find relevant openings.
- Monitor the careers section on the official SBI Mutual Funds website and LinkedIn for updates on openings.
- Apply via job portals like Jobaaj.com or Naukri.com and send your resume to the provided email addresses.
Key skills for CA Industrial Training at SBI Mutual Funds include:
- Proficiency in audit principles and financial accounting.
- Strong Excel skills and knowledge of SAP.
- Analytical skills, with the ability to identify risks and controls.
- Communication skills (both verbal and written) and the ability to work in a team.
- Familiarity with the mutual fund industry and internal audit practices.
The selection process for CA Industrial Training at SBI Mutual Funds generally involves:
- Screening of applications based on eligibility criteria.
- A potential online interview or physical interview based on the screening.
- Candidates may also be assessed through case studies or practical assignments related to the mutual fund industry.
- Successful applicants will receive a confirmation for the training position.
