Subject Matter Expert - Traditional Fund Accounting

HSBC Holdings plc; Kolkata District; Hybrid; INR 600,000 - 900,000; Full time

Job summary

HSBC seeks a Subject Matter Expert for Traditional Fund Accounting in Kolkata. The role involves capital activity bookings, NAV validation, and post NAV activities with a focus on accuracy and governance.

You will drive UAT initiatives, prepare NAV packs, and coordinate with global teams to ensure smooth operation. The successful candidate should have 3–5 years in funds administration, a commerce or accounting background, and strong knowledge of custody and accounting processes.

Qualifications

• Bachelor’s degree in commerce or accounting/finance field.
• 3–5 years of funds administration experience.
• Knowledge of custody, brokerage, depository, investment accounting, mutual funds.

Responsibilities

• Perform capital activity bookings, accruals, amortization, yields; validate NAV through checks.
• Lead User Acceptance Testing when required; prepare NAV packs and perform checker activities.
• Maintain relationships with customer business areas; act as escalation point for issues.
• Ensure procedural changes are reviewed, communicated, and implemented by staff.
• Conduct training for all staff; adapt to different global working environments.
• Manage escalation process and monitor risk; update SOPs and process notes.
• Publish Management Information/Reports timely and accurately.

Skills

Fund accounting

Microsoft Office

End-to-end process

Risk awareness

Team management

Custody knowledge

Education

Bachelor's degree in commerce

Tools

Bloomberg

Reuters

Accounting software

Job description

Subject Matter Expert - Traditional Fund Accounting

Location: Kolkata, WB, IN, 700064

Brand: HSBC

Area of Interest:

Role Workstyle: Hybrid Worker

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 realize their ambitions.

We are currently seeking an experienced professional to join our team in the role of Subject Matter Expert - Traditional Fund Accounting.

In this role, you will

• 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. Further, ensure provision support and implementation of technology upgradation.
• Lead and oversee User Acceptance Testing for the business (as and when required) initiatives. The role includes the primary responsibility of preparing Net Asset Value packs and performing checker activities.
• Establish and maintain effective relationship with customer business areas and identify areas of service improvements. Act as the primary escalation point in resolving issues with the Business Partner on a timely & ongoing basis.
• Responsible to ensure that procedural changes/new initiatives are reviewed, agreed with in the business areas, and are fully communicated to staff and implemented. Perform any additional responsibilities that may be required by the Supervisor in support of the on-going management and development of the division
• Undertake/conduct training/cross training for all staff including existing and new staff. Be flexible to adopt in different working environment with counter parts across the globe.
• Ensure escalation process is in place and is effective.
• Ensure Gross Asset Value / Net Asset Value operating procedure is followed with management of risks (if any). Additional review of Job-Aid Matrix, Standard Operating Procedure(s), process notes, checklists and other internal process related documents periodically
• Perform the fund’s activities correctly as per the Standard Operating Procedure. Timely and accurate publishing of Management Information/Reports.

To be successful, you will

• Bachelor’s degree in commerce or qualifications to accounting/finance industry or relevant experience.
• 3-5 years of relevant Funds administration experience.
• Detailed understanding of single sub-process, control points, end to end process risk, Microsoft Office, accounting principles and fundamentals of accounting.
• Basic knowledge in custody, brokerage, depository, investment accounting, mutual funds, Corporate Actions, Financial Instruments and reconciliations Accounting & Valuations process with clear understanding of the End-to-End Fund Accounting Model.
• Excellent Team Management skills with ability to handle personnel issues and strong team bonding.
• Proactive in implementing and driving solutions and must be aware of the operational risk scenarios associated with this role and act upon pertinent risk (if any).
• Additional qualifications related to financial industry and knowledge of Derivatives Instruments and earlier experience in custody / brokerage / funds services / depository industry will be given preference.
• Detailed understanding of end-to-end product and process, multiple market and regulations pertaining to the fund services industry and working knowledge of Bloomberg / Reuters, other reconciliation and accounting applications used across industry Life cycle of Net Asset Value process.

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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