Fund Accounting Analyst 1

Citi; Gurugram District; On-site; INR 900,000 - 1,300,000; Full time

Job summary

Citi in India is seeking a Fund Accounting Analyst 1 to perform financial reporting activities linked to mutual funds under US GAAP. You will prepare and review statements, coordinate with onshore teams, and ensure regulatory compliance.

The role requires 3-4 years in financial services, solid accounting knowledge, and strong communication skills to interact with internal and external stakeholders. A coordination-heavy, detail-oriented team environment is expected.

Qualifications

• 3-4 years of relevant experience in financial services.
• Knowledge of accounting concepts and financial reporting.
• Familiarity with US GAAP/IFRS and regulatory requirements for mutual funds.

Responsibilities

• Prepare and technically review annual and semi-annual financial statements.
• Coordinate with onshore client teams to ensure accurate reporting of fund performance.
• Understand US GAAP/IFRS and regulatory standards for mutual funds.
• Ensure reports meet client and regulatory standards and perform completeness checks.
• Coordinate activities across departments and with global partners.
• Draft and update task lists for offshoring partners and serve as primary contact.
• Develop action plans and uphold quality and production standards.
• Stay informed on regulatory and industry changes and recommend enhancements.

Skills

Verbal and written communication

Analytical thinking

Problem solving

Attention to detail

MS Office / Excel

Financial reporting

Team collaboration

Education

Bachelor's degree or higher

Master's/CA/ICWA/ACCA preferred

Tools

Unity

InvestOne

Job description

The Fund Accounting Analyst 1 is a senior level position responsible for accomplishing results by completing a variety of Financial Reporting activities seamlessly related to preparation and filing of financial statements/annual reports associated with Mutual Funds in line with US GAAP in Fund Administration domain.

Responsibilities

• Technical/Functional:
• Manages processes which includes preparation and technical review of annual and semi-annual financial statements including audit work papers incorporating fund calculations for complex funds/clients in accordance with US GAAP (preferable)/IFRS and regulatory requirements for mutual funds and perform the completeness and accuracy checks of disclosure in FS.
• Work on relationships with onshore client teams to make changes to financial reports and ensure they accurately depict fund performance.
• In depth understanding and knowledge in accounting principles & preparation of financial statements based on US GAAP (preferable)/IFRS.
• Ensures financial reports meet clients and any applicable regulatory standards.
• Assists with coordination of activities between multiple departments within the organization, including our global partners.
• Draft and update task lists for offshoring partners, ensures all supporting documentation is available to them and acts as primary contact to answer their questions and issues.
• Develop and manage action plans and implement all quality and production standards.
• Keeps him/herself constantly informed of regulatory and industry changes and other developments.
• Ensures effective use of reporting system and makes recommendations for system enhancements where required.

Professional

• Strong verbal and written communication skills.
• Competent to have conversation with internal/ external parties on accounting concepts/ standards.
• Preparing supporting workings for quantitative and qualitative disclosures in FS.
• Excellent analytical and problem solving skills.
• Quest for learning.
• Handling pressure situations.
• Prioritization - Time Management skills.
• Timely escalations.
• Email and Telephone Etiquettes
• Takes complete ownership of the clients and funds assigned.
• Good interpersonal, organizational, innovative and exceptional level of attention to detail.
• Result oriented and effectively manages changes and ensure proper documentation.
• Acts as effective team player by being assertive in communication.
• Contributes actively in team activities, sharing experience and ideas.

Knowledge of applications

• Proficiency in MS Office /Excel applications.
• Advanced knowledge and experience of Microsoft word is a must.
• Knowledge of financial reporting and fund accounting platforms like Unity, Investone is a definite plus.

Qualifications

• 3-4 years of relevant experience
• Experience within financial services
• Knowledge of financial market operations, accounting, and basics of financial management
• Demonstrated knowledge of accounting
• Basic knowledge of organization and policies
• Consistently demonstrates clear and concise written and verbal communication

Education

Bachelor's degree/University degree or equivalent experience

• Master's degree or CA, ICWA, ACCA preferred

Job Family Group

Operations - Transaction Services

Job Family

Fund Accounting

Time Type

Full time

Most Relevant Skills

Please see the requirements listed above.

Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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