Fund Accounting, Associate 2

NACBA; Bengaluru; On-site; INR 600,000 - 1,000,000; Full time

Job summary

State Street in Bengaluru, India, is seeking a fund accounting professional to maintain NAV calculations and daily reconciliation across diverse instruments. The role emphasizes accuracy, timeliness, and problem resolution within a night-shift schedule.

You will validate P&L and market values, post GL entries, and support a team while ensuring compliance with securities language and fund accounting standards.

Qualifications

• Minimum 2+ years of Fund Accounting experience.
• Knowledge of securities language and legal requirements.
• Good interpersonal and organizational skills.
• Some understanding of Hedge/Mutual Fund Accounting operations.

Responsibilities

• Calculate and validate NAV daily/weekly/monthly with accuracy, timeliness and completeness.
• Assist and train team members with NAV calculations and problem resolution.
• Design and implement operational efficiencies.
• Reconcile cash daily with no discrepancies.
• Reconcile portfolio positions daily across equities, bonds, swaps, options, FX, futures and other derivatives.
• Accrue income and expenses daily.
• Analyze and validate traders' P&L daily.
• Analyze and validate position market values daily.
• Post accounting entries to the general ledger daily.
• Review partner/shareholder allocation calculations including management and incentive fees.
• Research and resolve differences between accounting and trade entry systems daily.

Skills

Fund accounting

Securities language

Interpersonal skills

Hedge mutual fund ops

Education

Bachelor's degree in Accounting/Finance

Microsoft Office proficiency

Job description

Responsibilities:

• Undertake the following, with a goal of 100% accuracy, timeliness and completeness:
• Calculate and validate a daily and/or weekly and/or monthly Net Asset Value (NAV) for your assigned funds
• Assist and train others in your team with their NAV calculation and problem resolution
• Design and implement operational efficiencies
• Reconcile cash daily (no unresolved discrepancies)
• Reconcile portfolio positions daily (including equities, bonds, swaps, options, foreign exchange, futures and other evolving derivative instruments)
• Accrue income and expenses daily
• Analyze and validate traders' profit and loss statement daily
• Analyze and validate position market values daily
• Post accounting entries to the general ledger daily
• Review and validate the partner/shareholder allocation calculations, including management and incentive fee calculations
• Research and resolve differences between accounting and trade entry systems daily.

Experience Requirements:

• Minimum of 2+ years of Fund Accounting experience
• Knowledge of securities language and legal requirements
• Good interpersonal and organizational skills.
• Some understanding of operational functions within Hedge / Mutual Fund Accounting.

Education Requirements

• Novice to Competent with a bachelor's degree or equivalent work experience with a focus in Accounting, Economics, Finance, Technical or related field preferred.
• Proficient with Microsoft Office Products (Excel, Word)
• Comfortable working in Night shifts Information Classification: Confidential Information Classification: Limited Access
• Excellent communication, organization, interpersonal planning, and analytical skills

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you'll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Discover more information on jobs at StateStreet.com/careers

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