Sr Subject Matter Expert Reconciliation

Enfusion Softech India Pvt Ltd; Bengaluru; On-site; INR 3,000,000 - 4,200,000; Full time

Job summary

Clearwater Analytics in Bengaluru seeks a seasoned Fund Services professional to manage middle and back-office accounting and operations for a global client base, maintaining clear communication with fund administrators and trading counterparties.

Role requires adapting to a 24-hour delivery cycle, designing efficient workflows, and driving improvements across middle- and back-office functions including reconciliation, cash management, corporate actions, and KPI tracking.

Qualifications

• Experience with fund accounting in hedge funds, fund administrators, or prime brokers is required.
• Proficiency with Microsoft Excel and Word is expected.
• Ability to manage multiple tasks and work independently in a high-demand setting.
• Willing to work in shifts including APAC and EMEA time zones.

Responsibilities

• Middle Office: daily reconciliation of trades, positions, and cash with Prime Brokers, FCMs, ISDA counterparties, and custodians.
• Back-Office: reconcile P&L, cash, and positions; booking and maintenance of non-trading accruals.
• Support trial balance reconciliations and shadow accounting at fund and investor levels.
• Develop and track operational KPIs; improve processes to reduce risk and scale operations.
• Onboard new MBO services clients and ensure adherence to procedures and SLAs.

Skills

Structured products experience

Fund accounting

Excel proficiency

Multitasking

Shift work

Education

MBA or relevant graduate degree

10+ years experience in middle/back-office

Job description

Job Summary

In this role, you will be part of a talented and efficient Fund Services team that works on mission-critical projects within middle and back-office operations. You will manage various accounting and operational processes on behalf of our global client base while maintaining transparent communication with our clients and their fund administrators and trading counterparties.

Responsibilities

Adapt to challenges and opportunities within the Outsourced MBO line of business, including a 24-hour delivery cycle with various shifts. Drive an enhancement of our client’s experience by providing visionary guidance for the department's products and offerings. Design optimal workflows and standards for facilitating client deliverables across: A) Middle Office: Daily reconciliation of trades, positions, and cash against Prime Brokers, FCMs, ISDA Counterparties, and Custodians Proactive break resolution and communication for reconciliation breaks. Responding to break resolution emails from 3rd parties T+0 trade affirmation. Facilitating clearing and settlement of trades across asset classes. Cash and collateral management Processing of corporate action events Processing of position lifecycle events B) Back-Office: Position, P&L, and Cash Reconciliation against Fund Administrators Trial Balance Reconciliations against Fund Administrators Booking and maintenance of non-trading accrual and expense schedules Break resolution and Fund Admin communication for reconciliation issues Shadow accounting at the fund, share class, series, and investor levels Maintain and improve operational efficiencies across the organization Ensure the smooth, effective operation of the department including: Successful on boarding of new MBO Services clients Compliance to all accounting and operational procedures Proper daily product and service delivery Escalation and resolution of high exposure items Maintaining client satisfaction Develop and track operational KPIs for the line of business in accordance with objectives for the line of business as well as client SLAs Assist with improving and automating existing processes to mitigate risk and increase scalability Proactively monitor and manage capacity and help with forecasting in this area

Required Skills

• Should have worked with various financial products such as Structured Products, MBS, CDS, IRS, TRS, Bank Loans, CFDs etc.
• Fund Accounting experience
• Proficient in the use of Microsoft Excel and Word
• Ability to handle and prioritize multiple tasks and work independently
• Willing to work in shifts including APAC and EMEA.

Education and Experience

• MBA preferred or relevant graduate degree from top-tier institution or similar academic / professional experience
• 10 plus years minimum experience in Middle/Back-Office support role at Hedge Fund, Fund Administrator or Prime Broker preferred.

Thank you for your interest in a career with Clearwater! Clearwater Analytics (NYSE: CWAN) is transforming investment management with the industry’s most comprehensive cloud-native platform for institutional investors across global public and private markets. While legacy systems create risk, inefficiency, and data fragmentation, Clearwater’s single-instance, multi-tenant architecture delivers real-time data and AI-driven insights throughout the investment lifecycle. The platform eliminates information silos by integrating portfolio management, trading, investment accounting, reconciliation, regulatory reporting, performance, compliance, and risk analytics in one unified system. Serving leading insurers, asset managers, hedge funds, banks, corporations, and governments, Clearwater supports over $8.8 trillion in assets globally. Learn more at www.clearwateranalytics.com.

Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. We are dedicated to building a diverse, inclusive and authentic workplace, so if you’re excited about this role but your past experience doesn’t align perfectly with the job description, we encourage you to still apply! You may be just what we're looking for.