Sr Cash Analyst

Ameriprise Financial Services, LLC; Dadri; On-site; INR 600,000 - 900,000; Full time

Job summary

Ameriprise India LLP is seeking a Finance Operations Analyst to join our Mutual Fund Operations team in India. The role focuses on cash reconciliation, reporting, and collaboration with Portfolio Managers to monitor overdrafts and ensure accurate processing.

The candidate will have MBA-Finance and B.Com/BBA with 3+ years of experience, strong Excel skills, and familiarity with markets such as equities, fixed income and money market instruments.

Qualifications

• MBA-Finance and B.Com/BBA with 3+ years of work experience.
• Ability to work independently, and with cross-functional teams.
• Understanding of equities, fixed income, money market products, NAV impacts.
• Strong Excel skills including Pivot Tables, Power Query, and VBA.

Responsibilities

• Perform cash reconciliations and reporting for portfolio teams.
• Interact with Portfolio Managers to provide overdraft monitoring.
• Cross-train in Trade Management and Derivatives operations.
• Publish cash reports and monitor overdrafts.
• Resolve cash-related questions with Portfolio Management teams.
• Support projects for Product, Sales, Compliance and other departments.

Skills

Excel

Power BI

Python

SQL

Education

MBA-Finance

B.Com/BBA

Tools

Aladdin

Job description

About Our Company

Ameriprise India LLP has been providing client based financial solutions to help clients plan and achieve their financial objectives for 20 years. We are part of Ameriprise Financial Inc., a US financial planning company headquartered in Minneapolis with a global presence and diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. The firm’s focus areas include Asset Management and Advice, Retirement Planning and Insurance Protection.

About Our Company

Ameriprise India LLP has been providing client based financial solutions to help clients plan and achieve their financial objectives for 20 years. We are part of Ameriprise Financial Inc., a US financial planning company headquartered in Minneapolis with a global presence and diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. The firm’s focus areas include Asset Management and Advice, Retirement Planning and Insurance Protection.

Be part of an inclusive, collaborative culture that rewards you for your contributions, and work with other talented individuals who share your passion for doing great work. You’ll also have plenty of opportunities to make your mark at the office and a difference in your community. So, if you're talented, driven and want to work for a strong, ethical company that cares, take the next step and create a career at Ameriprise India LLP.

Job Description

Ensure timely and accurate cash reconciliation and reporting for the Portfolio management teams. Interact with Portfolio Managers and Portfolio Manager Assistants to provide overdraft monitoring and notification to these teams. Cross train and be multi-skilled in a variety of functions covering Trade Management (including Share Class Hedging processes) and Derivatives, so as to provide broader operational supplementation.

Key Responsibilities

• Perform reconcilations and cash posting on Aladdin, which involves reconciling custodian and accounting records to the Aladdin application. Publish cash reports on Aladdin for Portfolio Managers and Portfolio Manager Assistants by agreed upon SLAs.
• Monitor and notify Portfolio Managers and Portfolio Manager Assistants of overdraft notifications and resolution.
• Process time Deposit rolls.
• Work with Portfolio Management teams to resolve any actual and projected cash related questions.
• Research and resolve reconciliation differences between custodian, accounting, and the Aladdin application.
• Perform position reconciliations of holdings for cash sweeps, comparing balances to the cash balances.
• Provide coverage for operational processing activity across other Investment Operations teams during peak periods.
• Provide support for various projects for the Product and Sales teams, along with Compliance and other departments. Ensure procedures and controls are followed to prevent errors and delays. Provide expertise for testing of systems, generate ad-hoc reports, and assist in miscellaneous projects, as needed, for enhancements or regulatory requirements.

Required Qualifications

• MBA-Finance and B.Com/BBA with 3+ years of work experience.
• Ability to work independently, as well as collaborate with cross-functional teams.
• Understanding of: Equities, Fixed Income, and Money Market products, Portfolio cash flows, Corporate actions, Fund accounting, NAV impacts, Regulatory and compliance requirements.
• Strong understanding of financial markets and investment operations is highly desirable in asset management environments.

Preferred Qualifications

• Experience on Investment accounting or Cash Reconciliations.
• Strong Excel Skills (Pivot Tables, Power Query, VBA Preferred)
• Experience with trading tools, like Black rock Aladdin.
• Technical skills - Python, SQL, Power BI, Power automate tools.
• Stakeholder management
• Process improvement and automation mindset
• Risk identification and control focus
• Strong analytical and problem-solving abilities
• Ability to lead projects and mentor junior analysts
• Excellent communication and presentation skills.

In-Office Collaboration

We are a client-centric, relationship-based business. Working together, in-person, is foundational to how we achieve results. By fostering a culture of face-to-face collaboration, idea sharing, productivity and personal connection, we deliver for our stakeholders - clients, advisors, employees and shareholders. Our employees work in the office at least three (3) days per week, with flexibility to work from home two (2) days per week. Some roles may require additional in-office time or different in-office expectations, and specific requirements will be discussed during the hiring process.

Full-Time/Part-Time

Full time

Timings

(8:15a-4:45p)

India Business Unit

AWMPO AWMP&S President's Office

Job Family Group

Mutual Fund Operations

Equal Opportunity Statement

Ameriprise India LLP is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, genetic information, age, sexual orientation, gender identity, disability, military status, veteran status, marital status, pregnancy, family status or any other basis prohibited by law.

Accommodations

We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities. If you require a reasonable accommodation to participate in the application or interview process, speak to your recruiter to discuss how we can support you.