Fund Accounting, Associate 2

State Street; Maharashtra; On-site; INR 600,000 - 1,200,000; Full time

Benefits offered by this job

Flexible Work Programs

Medical care and insurance

Savings plans

Job summary

State Street in India, Maharashtra, is hiring for a Fund Accounting professional to ensure accurate NAV calculations and daily reconciliation of cash, positions, and P&L. The role includes training teammates and designing operational efficiencies within Hedge/Mutual Fund accounting.

The ideal candidate has 2+ years in fund accounting, strong securities knowledge, and proficient MS Office skills. Night shift comfort and strong communication are preferred for collaboration across teams.

Qualifications

• 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 for assigned funds daily/weekly/monthly
• Reconcile cash daily with no unresolved discrepancies
• Reconcile portfolio positions including equities, bonds, swaps, FX, futures and derivatives daily
• Accrue income and expenses daily
• Analyze and validate traders’ P&L and position values daily
• Post accounting entries to the general ledger daily
• Review partner/shareholder allocations including management and incentive fees
• Research and resolve differences between accounting and trade entry systems daily

Skills

Fund accounting

Securities knowledge

Interpersonal skills

Organizational skills

Operational understanding

Education

Bachelor’s degree or equivalent (Accounting/Economics/Finance)

MS Office (Excel, Word)

Tools

Excel

Word

Job description

• 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.

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.

• 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.
• 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.

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

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.

• 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.
• 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.

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 information on jobs at StateStreet.com/careers

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