Associate Level I - Hedge Fund Services

Job Title:

Associate Level I

Date:

Jan-2019

Department:

IFSO

Location:

Mumbai/Chennai

Business Line / Function:

HFS

Reports to:

(Direct)

Assistant Manager

Grade:

(if applicable)

(Functional)

Number of Direct Reports:

NA

Directorship / Registration:

Position Purpose

Independent delivery of accurate and timely NAVs for hedge funds.

Responsibilities

Direct Responsibilities

• Independent delivery of accurate and timely NAVs for hedge funds – with extremely high volume or / and very high complexity (having equities, bonds, future, options, CDS, EQS, etc. as holdings) by completing all of the following processes:
  
  
  
  • Cash and position reconciliation (accounting vs PB and 3 way); with resolution of breaks
  
  
  • Income reconciliation (dividends and interest)
  
  
  • Manual Pricing and Pricing review
  
  
  • P&L review and Tolerance checks
  
  
  • Fees accrual, management and performance fee calculation and booking
  
  
  • Capital bookings and reconciliation with Investor services system reports
  
  
  • TB tie out and compiling NAV pack
  
  
  
  


• Could be required to review simpler hedge fund NAVs

Contributing Responsibilities

• Delivery on audit requests and resolution of all queries on a timely basis


• Participation in system development projects, process change projects, etc.


• Ensure appropriate checks and procedures are followed to maintain high quality deliverables and to avoid internal audit and ISAE findings


• Compliance with all internal organizational and business policies


• Troubleshoot issues of other team members and mentor / coach / buddy them

Technical & Behavioral Competencies

• Strong hedge fund accounting or hedge fund reconciliation experience (understanding of process and business required).


• Should have deep working knowledge of asset classes like equities, bonds, futures, options and swaps i.e. how they operate in real world.


• Experience on Advent Geneva system would be preferred – an added advantage.


• Decent experience on Microsoft Excel – Pivots, financial functions, etc.

Specific Qualifications

Post-Graduation in Finance (Graduate in Accounting with courses in capital markets may also apply)

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Communication skills - oral & written

Ability to collaborate / Teamwork

Adaptability

Active listening

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Analytical Ability

Ability to develop and leverage networks

Ability to anticipate business / strategic evolution

Ability to manage / facilitate a meeting, seminar, committee, training…

Education Level:

Master Degree or equivalent

Experience Level

At least 2 years

Other/Specific Qualifications (if required)