Fund Accounting Specialist

Journal of Accountancy; Pune District; On-site; INR 600,000 - 800,000; Full time

Job summary

Citigroup in Pune, India is seeking an entry level Fund Accounting Specialist to assist in daily and periodic NAV calculations for funds and the distribution of unit prices.

You will support the Operations - Transaction Services team with valuations, reconciliations, and client inquiries while upholding SLAs and compliance standards. This role emphasizes accuracy and growth in fund accounting practices.

Qualifications

• 2-4 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.
• Studying for ACCA, ACA or CIMA at an advanced level.
• Clear and concise written and verbal communication.

Responsibilities

• Complete activities relating to the accurate and timely delivery of valuations for defined clients.
• Review stock and cash reconciliations to ensure no NAV impact and proper clearance.
• Analyze cause and suggest enhancements for recurring exceptions through reconciliations and NAV analysis.
• Assist in ensuring corporate actions are reflected on the NAV.
• Collect and analyze management information from an operational and client perspective.
• Aid in development of team processes, procedures, and a positive working environment.
• Assist in investigation and resolution of client queries, ensuring SLA and deadlines are met.
• Assess risk in business decisions, drive compliance with laws, policy, and reporting of control issues.

Skills

Financial services experience

Attention to detail

Analytical skills

Communication skills

Education

Bachelor degree or equivalent

Job description

Job Overview

The Fund Accounting Specialist is an entry level position responsible for assisting in a variety of fund valuation activities in coordination with the Operations - Transaction Services team. The overall objective of this role is to assist in the calculation of daily and periodic Net Asset Valuations (NAVs) for funds and the distribution of associated unit prices.

Responsibilities

• Complete activities relating to the accurate and timely delivery of valuations for defined clients
• Review stock and cash reconciliations to ensure the exceptions noted have no NAV impact and items cleared are treated
• Analyze cause and suggest enhancements for recurring exceptions through review of reconciliations and analysis of NAVs
• Assist in ensuring the corporate actions are correctly reflected on the NAV
• Assist in the collection and analysis of relevant management information from an operational and client perspective
• Aid in the ongoing development of team processes, procedures, and positive working environment
• Aid in the prompt investigation and resolution of client queries, and ensure client Service Level Agreement (SLA) and deadlines are met
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications

• 2-4 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
• Studying for ACCA, ACA or CIMA at an advanced level
• Consistently demonstrates clear and concise written and verbal communication

Education

Bachelor degree or equivalent