Graduate Trainee (Apprentice), Global Operations

Russell Investments; Mumbai; On-site; INR 300,000 - 600,000; Part time

Job summary

Russell Investments invites applications for a Graduate Trainee/Apprenticeship in Global Operations, based in Mumbai. The 12-month program blends theory with on-the-job training, exposing you to US GAAP, fund accounting, and regulatory reporting practices.

Selected candidates will support timely financial statement delivery, coordinate with custodians and auditors, and develop essential professional skills in a collaborative corporate environment.

Qualifications

• CA/CPA or similar preferred.
• Bachelor's degree in related field.

Responsibilities

• Prepare annual, semi-annual and quarterly financial reports for 40 Act funds with timely delivery and quality.
• Handle annual reporting for institutional funds and coordinate with custodians, auditors and internal teams.
• Lead planning, organizing, and training to achieve goals; act as a link between staff and management.
• Collaborate with internal and external groups to complete routine and ad-hoc deliverables for Russell funds.
• Post periodic journal entries and perform calculations supporting financial statements.

Skills

US GAAP knowledge

Fund accounting understanding

Analytical skills

Communication skills

Education

CA/CPA or similar preferred

Bachelor's degree in related field

Tools

SQL

VBA

Confluence ASP Reporting System

Job description

Reporting To: Associate Manager, Fund Administration. Shift: EMEA (1:30 pm - 10:30 pm IST) (India).

Graduate Trainee/Apprenticeship - Global Operations

Apprenticeship is a 12-month program that will provide a comprehensive learning experience, blending theoretical knowledge with on-the-job training. Over the 12-month period, apprentices at Russell Investments will gain valuable exposure to industry while developing essential soft skills and acclimating to a professional corporate environment.

Eligibility

• Should not be self-employed
• Should not be enrolled under other government-funded programs
• Should not be practicing professionally at the time of application
• Should not be registered on EPF/ ESIC Portal
• Should not have completed their education from a foreign university

Apprentices who enroll should have their Aadhaar seeded with their personal mobile number and personal email address. This is a mandate.

Role Summary

This position is responsible for ensuring timely delivery of Financial Statements as per US GAAP, AICPA and SEC, knowledge of regulatory reports including N-Port and providing audit support.

Qualifications

• CA, CPA or similar preferred
• Bachelor's degree in related field

Responsibilities

• Ensure preparation of Annual, Semi-Annual and Quarterly financial reports for 40 Act funds (Russell Investment Company and Russell Investment Funds) is done in a timely manner with good quality
• Annual reporting for institutional funds (Russell Trust Company and Russell Institutional Funds LLC) and
• Oversee, coordinate and execute the planning, organizing, training and leadership necessary to achieve stated goals. Be a link between the staff and management.
• This position involves working with other teams within and outside of Fund Administration to complete a range of routine, project-based and ad-hoc deliverables for Russell's fund products.
• Posting of periodic journal entries, partnership accounting/allocations and preparation of various disclosures for alternative investment funds.
• Engage with the Funds custodians, internal groups, external auditors and other key stakeholders to coordinate reporting cycles.
• Participate in projects which promote and lead to a streamlined financial operating environment.
• Evaluate and document policies, procedures and internal controls related to various aspects of the financial reporting process.
• Work directly with external service and data providers, external auditors and multiple groups within Russell to support a wide range of financial projects in support of the funds.
• Preparation and review of internal reports, sub-schedules and calculations which support the overall financial statement process for traditional funds.

Candidate Requirements

• Good knowledge of US GAAP, the Investment Company Act of 1940, U.S. Internal Revenue Code, CFTC Rules, ERISA and UCITS a plus.
• Understanding of Fund Accounting for mutual funds, commingled funds, LLC funds and private equity funds and working knowledge of the ERISA regulations, Investment Company Act of 1940, Exchange Acts of 1933 and 1934.
• Ability to interpret accounting/financial information and understand how it may impact the Funds financial statements, notes to financial statements and other disclosures.
• Extensive knowledge of investment products and securities, including complex derivative instruments such as swaps, futures, and options.
• Working knowledge of the relationships and interactions between investment managers and administrators / custodians / transfer agents.

Preferred

• Knowledge and understanding of SQL and VBA.
• Knowledge/Experience with Confluence ASP Reporting System.
• Ability to create, refine and maintain policies and desk procedures related to the Funds processes. Experience with 38a-1 requirements and Sarbanes-Oxley testing.

Core Values

• Excellent communication skills, both written and verbal. Ability to communicate effectively on behalf of Fund Administration Management with Vendors, Auditors, business units and other key stakeholders.
• Proven ability to work both independently and as part of a highly functioning team, open to new ideas and disciplines.

Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.