Associate-Treasury & Public Fund Oversight

Ameriprise Financial Services, LLC; Gurugram District; On-site; INR 800,000 - 1,400,000; Full time

Job summary

Ameriprise India LLP is hiring for a Treasury/Fund Oversight role within Mutual Fund Operations. The candidate will support Treasury Oversight, expense analysis, and invoice processing across multiple funds, ensuring accurate fund administration and regulatory compliance.

Responsibilities include managing board compensation, vendor invoices, and daily asset-based fee reconciliations, with frequent coordination with Corporate Treasury and Accounting teams.

Qualifications

• Handling treasury oversight tasks and expense analysis.
• Processing invoices and assisting in financial reporting.
• Supporting private funds oversight for fund administration and compliance.

Responsibilities

• Administer compensation and deferred plans for Mutual Fund/Private Funds Boards and oversee vendor invoices.
• Manage end-to-end fund expense payments; coordinate with Corporate Treasury and Accounting.
• Perform daily reconciliations of asset-based fees; validate management fees and reimbursements.
• Prepare validations for Hedge Fund SMAs to ensure NAV accuracy and produce oversight deliverables.
• Coordinate annual review of invoice approvers and maintain record accuracy.

Skills

Financial analysis

Vendor governance

Treasury operations

NAV reconciliation

Regulatory compliance

Invoice processing

Education

Bachelor's degree in Finance or Accounting

Tools

Accounting software

Treasury management system

Excel

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.

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

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.