Manager Operations - Fund Accounting

HSBC; Kolkata District; On-site; INR 700,000 - 1,200,000; Full time

Job summary

HSBC Kolkata seeks a seasoned professional for the traditional Accounting & Valuations team responsible for daily, monthly and weekly NAV valuations, capital activity bookings, accruals, and related reporting.

You will drive efficiency by reducing manual processes and upgrading technology, while ensuring controls and governance across multiple jurisdictions.

Qualifications

• Bachelor’s degree in accounting or finance.
• 5+ years of funds administration experience and NAV knowledge.
• Experience with IMS, Multifonds, ICON, Bloomberg or Reuters.

Responsibilities

• Perform NAV valuations and related accounting activities.
• Lead process improvements to enhance efficiency and control.
• Oversee testing, governance, and risk controls on NAV processes.
• Ensure timely management reporting and KPI delivery.

Skills

Accounting concepts

Microsoft Office

NAV calculation

Finance knowledge

English proficiency

Education

Bachelor's degree in accounting

Tools

IMS

Multifonds

ICON

Bloomberg

Reuters

Job description

Some Careers Shine Brighter Than Others.

If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

In This Role, You Will

• The traditional Accounting & Valuations team has daily, monthly and weekly Net Asset Value valuations with stringent timelines. The team is responsible for performing capital activity bookings, accruals, amortization, yields leading to final generation and validation of Net Asset Value through diagnostic checks, Financial Mainframe Report and post Net Asset Value activities. The team also performs other Monthly & Reporting activities which includes Fee Reviews. Ex‑Dividend Distribution, Trustee Packs and Queries, Regulatory & Client Reporting. The Accounting & Valuations team is responsible functionally across multiple jurisdictions (where applicable) serviced out of Markets and Securities Services Kolkata.
• The role will require technical excellence to achieve target deliverables combined with the ability to get work done from administrators and / or Subject Matter Expert to achieve target Key Performance Indicator. The role will demand a daily balance of delivering excellent client service within the standard Net Asset Value model of promoting continuous improvement of Net Asset Value processes and of identifying and capitalizing opportunities to create capacity and generate efficiencies.
• Responsible for identifying and reducing manual processes for enhanced operational control. Undertake relevant measures to extend support and implementation of technology upgradation. Lead and oversee User Acceptance Testing for the business (as and when required) initiatives.
• Lead Projects for both business partners and Markets and Securities Services Kolkata (based on business objectives, targets and requirements). To acquire a comprehensive and broad understanding of the Traditional Net Asset Value processes and to keep abreast of the latest developments in the assigned markets on the rules and regulations by the regulators, stock exchange and etc. that may have implication to the daily Net Asset Value processes.
• This role includes the responsibility to ensure that business data requirements are completed accurately and efficiently, additionally make sure that supporting statistics/reports/returns are presented to business/management within agreed timescales. Drive the plan for standardization of processes by sharing the best practices across the various markets with the aim of enhancing cost effectiveness and efficiency.
• To ensure control measures/checkpoints are established to scrutinize exceptions/errors to prevent any operational losses and reviews on these measures are constantly performed. Procedural changes/new initiatives are reviewed, fully communicated to and implemented.
• Review Contingency requirements on a periodic basis and invoke relevant business recovery measures as necessary. Carry out effective Operational Risk Assessment by monitoring and implementing risk mitigating plans. Maintains HSBC internal control standards, including the timely implementation of internal and external audit points together with any issues raised by external regulators.
• Ensure Gross Asset Value / Net Asset Value operating procedure is followed with management of risks (if any). Continually assess the risks inherent in department processes and procedures. Ensure governance on all daily/weekly tracker updated by team. Update all management MI by the stipulated deadlines. Additional review of Job-Aid Matrix, Standard Operating Procedure, process notes, checklists and other internal process related documents periodically.

To Be Successful, You Will

• Bachelor’s degree in accounting or qualifications in the accounting/finance industry. Strong working knowledge on Microsoft Office.
• Overall 5+ Years of experience and 3-5 years of relevant Funds administration experience. Excellent knowledge of Capital Markets and Financial instruments. Excellent knowledge in accounting principles and fundamentals of accounting. Excellent knowledge in Net Asset Value Calculation process with clear understanding of the End-to-End Fund Accounting Model.
• Ability to monitor and meet operational goals. Should have an eye for detail and a strong analytical mind. Ability to update, manage and analyze Management Information related activities. Evidence of good analytical, statistical and data mining skills to study trends and make projections. Production management skills and ability to initiate process improvements and recognize areas for development.
• Complete understanding of Trade Life Cycle. Understanding of Gross Asset Value - Net Asset Value Activities. Previous experience in performing & reviewing funds in Accounting & Valuations. Knowledge in investment accounting, investment valuations, fund industry. Working knowledge on IMS, Multifonds, ICON, Bloomberg, etc. Knowledge in the use of Bloomberg and/or Reuters.
• Ability to speak and understand English fluently, writes business letters and reports, good conversational / telephone skills. Ability to learn quickly, transfers knowledge appropriately, understand and interpret numeric data. Evidence of good analytical, statistical and data mining skills to study trends and make projections. Production management skills and ability to initiate process improvements.
• Initiate cost control measures by achieving resource efficiency and managing overheads. Evidence of very good prioritizing, planning and organizing skills. Ability to effectively communicate and implement group policies and procedures
• Ability to comprehend and minimize operational risks including wide understanding of audit controls and compliance requirements. Ability to maintain control, direction and motivation of staff in an ever-changing environment. Proven experience in change and problem-solving management.
• Strong Accounting Concepts with a clear understanding of financial statements. Basic knowledge in custody, brokerage, depository, investment accounting, mutual funds and reconciliations.

You’ll achieve more when you join HSBC.
www.hsbc.com/careers

HSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and, opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.

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