Fund Account Settlement - manager

Genetic Callnet Consultancy Pvt Ltd.; Maharashtra; On-site; INR 1,200,000 - 2,400,000; Full time

Job summary

Genetic Callnet Consultancy Pvt Ltd. in Mumbai seeks a Fund Account Settlement Manager to oversee trade settlement, custody operations and regulatory reporting for Indian and offshore markets.

The role emphasizes accurate settlement, meticulous reconciliations and robust compliance with SEBI guidelines, while driving process improvements and risk controls across investment operations and fund accounting.

Qualifications

• Bachelor's degree in Finance, Accounting, Commerce or related field.
• Minimum 3 years of relevant experience in Investment Operations / Custody Operations.
• Experience in Mutual Fund Operations, Custody, Fund Accounting or Investment Operations is essential.
• Up-to-date knowledge of SEBI and mutual fund regulatory guidelines.
• Strong reconciliation and exception-management skills.
• Ability to work with cross-functional teams.

Responsibilities

• Manage and supervise trade settlement and reporting for Indian and offshore markets.
• Oversee corporate actions processing including dividends, mergers, demergers and reorganizations.
• Monitor cash flows and ensure liquidity for redemptions and settlements.
• Perform daily, weekly and monthly reconciliations of trades, cash, positions and custodian statements.
• Prepare regulatory reports and ensure compliance with SEBI mutual fund guidelines and reporting standards.
• Identify process gaps and drive improvements to ensure accuracy and efficiency; strengthen controls.
• Coordinate with internal teams and external service providers for smooth operations.
• Identify operational risks and implement mitigation measures; escalate material risks when needed.
• Provide timely responses to client and stakeholder inquiries and maintain strong service standards.

Skills

Capital markets knowledge

Trade settlement

Reconciliation

Regulatory compliance

Analytical skills

MS Office

Communication skills

Cross-functional teamwork

Education

Bachelor's degree in Finance/Accounting/Commerce

Tools

MS Office

Job description

Job Description Position: Fund Account Settlement - manager
Department: Custody Operations / Investment Operations
Location: Mumbai
Position Grade: Fund Account Settlement - manager
Reporting Manager L1: Senior Manager
Reporting Manager L2: AVP

Job Purpose

The role is responsible for ensuring accurate, timely and compliant investment operations and trade reporting, with a strong focus on trade settlement, reconciliations, corporate actions, cash management and regulatory compliance.
The candidate will be expected to proactively identify operational errors, process gaps and compliance risks, take corrective action and ensure an error-free and efficient trade reporting and settlement process across Indian and offshore capital markets.

Key Responsibilities 1. Trade Settlement & Reporting

• Manage and monitor trade settlement activities for Indian and offshore capital markets.
• Report trades across platforms including FTRAC, CBRICS, ICCL and other relevant systems.
• Ensure accurate and timely trade settlement and reporting.
• Monitor settlement status and proactively resolve trade discrepancies, exceptions and breaks.
• Handle Forex transactions through to preparation of trade settlement advice.
• Perform position checks, particularly on expiry days, and ensure timely resolution of exceptions.
  

2. Corporate Actions

• Monitor and process corporate actions including dividends, mergers, demergers, reorganizations and other events impacting mutual fund investments.
• Coordinate with custodians, fund administrators, brokers and other stakeholders for timely and accurate processing.
• Ensure appropriate accounting and reporting of corporate action events.
  

3. Cash Management

• Monitor cash flows related to investments and fund operations.
• Ensure adequate liquidity for redemptions, settlements and other fund obligations.
• Monitor cash balances and identify opportunities to optimize liquidity while adhering to regulatory requirements.
• Coordinate with relevant teams to resolve cash-related discrepancies.
  

4. Reconciliation

• Perform daily, weekly and monthly reconciliations of:
• Trades and transactions
• Securities and positions
• Cash balances
• Custodian statements
• Trade confirmations
• Investigate breaks and discrepancies between internal records and external sources.
• Ensure timely resolution and proper documentation of reconciliation exceptions.

5. Compliance & Regulatory Reporting

• Ensure adherence to SEBI regulations, mutual fund guidelines, internal policies and fund prospectuses.
• Ensure compliance with applicable investment limits, risk management requirements and reporting standards.
• Prepare and submit regulatory reports, filings and required disclosures.
• Maintain appropriate audit trails and ensure readiness for internal and external audits.
• Identify potential compliance breaches and take timely corrective action.
  

6. Process Improvement & Controls

• Proactively identify gaps, inefficiencies and operational risks within existing processes.
• Recommend and implement process improvements to improve accuracy and efficiency.
• Strengthen maker-checker controls, audit controls and exception management processes.
• Develop and implement contingency measures for potential operational disruptions.
• Drive an error-free and control-oriented operating environment.
  

7. Investment Operations / Fund Accounting

• Support and oversee activities relating to FA-Custody and investment operations.
• Understand the relationship between custody operations, fund accounting and banking operations.
• Ensure accurate maintenance and processing of mutual fund investment records and transactions.
• Coordinate with internal teams and external service providers to ensure smooth operational functioning.
  

8. Risk Management

• Identify and assess operational risks associated with custody and mutual fund investment processes.
• Implement appropriate controls and mitigation measures.
• Monitor operational exceptions and ensure timely escalation of material risks.
• Maintain appropriate documentation for risk and control processes.
  

9. Client & Stakeholder Servicing

• Respond to operational queries from internal and external stakeholders.
• Coordinate effectively with custodians, fund administrators, brokers, banks and other service providers.
• Provide timely resolution to operational issues and ensure effective stakeholder communication.
  

Required Knowledge & Skills

• Strong knowledge of Indian and offshore capital markets.
• Understanding of various security segments, including:
• Equity
• Fixed Income
• Mutual Funds
• Other relevant investment products
• Strong understanding of Mutual Fund products, investment operations and processes.
• Knowledge of custody operations, trade settlement and fund accounting.
• Good understanding of banking and financial services operations.
• Knowledge of SEBI Mutual Fund Accounting Standards and Reporting Requirements.
• Knowledge of SEBI guidelines relating to mutual fund investment limits, risk management and regulatory compliance.
• Strong reconciliation and exception-management skills.
• Excellent analytical and problem-solving abilities.
• High level of accuracy and attention to detail, particularly when handling large volumes of financial data.
• Strong MS Office skills and ability to work on relevant investment/custody operations systems.
• Strong communication and interpersonal skills.
• Ability to work effectively with cross-functional teams and external stakeholders.

Personal Attributes

• High attention to detail and accuracy.
• Strong ownership and accountability.
• Proactive approach towards identifying and resolving issues.
• Control-oriented and compliance-focused mindset.
• Ability to work under pressure and manage multiple operational activities simultaneously.
• Strong analytical and problem-solving skills.
• Good interpersonal and relationship-management skills.
• Team player with the ability to work effectively across functions.
  

Educational Qualification & Experience

• Bachelor's degree in Finance, Accounting, Commerce or a related field.
• Minimum 3 years of relevant experience specifically in Investment Operations / Custody Operations.
• Candidates with a Graduate/Postgraduate qualification and 4 5 years of relevant Investment Operations experience may also be considered.
• Prior experience in Mutual Fund Operations, Custody, Fund Accounting or Investment Operations is essential.
• Candidates should have up-to-date knowledge of applicable SEBI and mutual fund regulatory guidelines.
  

Preferred Candidate Profile

The ideal candidate will have hands-on experience in trade settlement, custody operations, reconciliations, corporate actions, cash management and regulatory reporting, preferably within a mutual fund, asset management company, custodian, bank or financial services organization.
The candidate should be comfortable handling high-volume transactions, identifying operational breaks, managing regulatory controls and proactively improving processes.