Associate-Treasury & Public Fund Oversight

56672 Ameriprise India LLP; Delhi; On-site; INR 900,000 - 1,250,000; Full time

Job summary

Ameriprise India LLP in India seeks a professional to support Columbia Threadneedle Investments' Fund Treasury and Private Fund Oversight across mutual funds, ETFs, CITs, and private/hedge funds. You will assist with expense analysis, invoice processing and reporting to ensure accurate fund administration and regulatory compliance.

You will coordinate with Corporate Treasury, Corporate Accounting and Investment Cash Team; manage vendor invoices, NAV validation for daily funds, and contribute to

Responsibilities

• Supports Treasury Oversight functions across Mutual Funds, ETFs, CITs and Private/Hedge Funds.
• Administers compensation and deferred compensation plans for Mutual Fund Boards and Private Funds Boards.
• Oversees vendor invoices, manages end-to-end fund expense payments with third-party providers.
• Performs daily reconciliations of asset-based fees and validates NAV-related fees for private funds.

Job description

About Our Company

Ameriprise India LLP has been providing client based financial solutions to help clients plan and achieve their financial objectives for 20 years. We are part of Ameriprise Financial Inc., a US financial planning company headquartered in Minneapolis with a global presence and diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. The firm’s focus areas include Asset Management and Advice, Retirement Planning and Insurance Protection. Be part of an inclusive, collaborative culture that rewards you for your contributions, and work with other talented individuals who share your passion for doing great work. You’ll also have plenty of opportunities to make your mark at the office and a difference in your community. So, if you're talented, driven and want to work for a strong, ethical company that cares, take the next step and create a career at Ameriprise India LLP.

Job Description

Supports Columbia Threadneedle Investments' Fund Treasury and Private Fund Oversight functions across Mutual Funds, ETFs, Collective Investment Trusts (CITs), and Private/Hedge Funds. Candidate is responsible for supporting Treasury Oversight team, which involves Expense Analysis, invoice processing and reporting activities across multiple products. Additionally supports accounting oversight functions for private funds ensuring accurate fund administration, operational effectiveness, and compliance with regulatory and procedural requirements. Accountable for administering compensation and deferred compensation plans for Mutual Fund Boards, Private Funds Board and supporting the preparation of annual Board Expenditures reports. Accountable for overseeing all funds vendor suppliers using established oversight tools to ensure timely receipt and processing of all vendor invoices across products i.e. mutual funds, ETFs, collective investment trust funds and private/hedge funds. Maintain strong oversight controls and vendor governance over third-party administrator. Manage relationships with internal business partners and overseeing the end-to-end fund expense payment process, including invoice submission to the third-party service provider and communication of payment activities to Corporate Treasury, Corporate Accounting, and the Investment Cash Team. Processing payments for Seligman Hedge Funds through a third-party cash management platform and collaborating on wire template setup and maintenance. Perform daily reconciliations of asset-based fees in an internal system, investigating discrepancies with managerial support, and assisting Corporate Accounting with asset-based fees, waivers, and reimbursements. Validate first-level management fees and reimbursements for daily NAV private funds and coordinating for related fee payments with requisite parties. Support expense calculations and regulatory "draft" document reviews for the RiverSource Annuities Products on an annual basis as needed. Preparing independent validations for Hedge Fund strategy Separate Managed Accounts (SMAs) to ensure NAV accuracy under managerial guidance. Producing various monthly Treasury and Private Fund Oversight deliverables related to fund expenses, expense ratios, and private funds data reporting. Coordinating the annual review of invoice payment approvers by collaborating with business leaders to validate approval authority and maintain accurate records. Actively participate across geographical locations and respond to internal inquiries. Document controls, procedures related to processes performed in the team, and have the same reviewed and updated on a periodic basis. Proactively contribute and participate in team meetings, trainings, engagement activities and coaching sessions.

Employment Details

Full-Time/Part-Time Full time Timings (4:45p-1:15a)

India Business Unit AWMPO AWMP&S President's Office

Job Family Group

Mutual Fund Operations

Equal Opportunity

Ameriprise India LLP is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, genetic information, age, sexual orientation, gender identity, disability, military status, veteran status, marital status, pregnancy, family status or any other basis prohibited by law. We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities. If you require a reasonable accommodation to participate in the application or interview process, speak to your recruiter to discuss how we can support you.

Company Overview

Since 1894, Ameriprise Financial has helped people feel more confident about their financial future. Guided by strong values and a deep commitment to clients, we've remained a trusted leader in financial planning and advice for more than 130 years. Through our businesses, Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance & Annuities, we deliver advice, investment and protection solutions designed for long-term success. While each business brings distinct capabilities and expertise, all are united by our unwavering focus on clients and a strong financial foundation. For you, that means the opportunity to build a meaningful career in a high-performing, collaborative culture where your expertise can grow, your contributions are valued and your work can make a real impact. As a global financial services company with three complementary businesses, the breadth of our capabilities sets us apart. It also creates unique opportunities for employees to learn, collaborate and grow their careers: Ameriprise Financial: Financial planning, advice and wealth management. Columbia Threadneedle Investments: Global asset management serving individual, institutional and corporate clients. RiverSource Insurance & Annuities: Products and solutions designed to help clients protect and grow their wealth. Explore opportunities within each business and region below. Ameriprise US | Careers Ameriprise India | Careers Columbia Threadneedle Investments US | Careers Columbia Threadneedle Investments EMEA APAC | Careers RiverSource | Careers