Job Description:

The Fund Accounting Manager is an intermediate management level position responsible for providing full leadership and direction to a team of employees, leading a variety of fund valuation activities in coordination with the Operations - Transaction Services team. The Fund Accounting team is a core group of dedicated professionals who are essential to the investment process by ensuring that all middle office clients’ cash & position data are accurate for processes including investment management, analytics, compliance, and regulatory.

Cash types include, but are not limited to, equities, fixed income, OTC derivative positions (swaps, swaptions, FXs, and synthetics) and collateral.

The roles and responsibilities will include actively managing risk and exposure for our clients by ensuring the investment book of record is reconciled with external record holders daily. The role requires an understanding of the mechanics of the reconciliation process, exception management, client service, troubleshooting issues, driving innovative enhancements, data analysis, maintaining documentation, assisting management in leading processes, and recommending improvements to ensure efficient and accurate processes.

Responsibilities:

Manage a team of professionals to accomplish established goals and conduct personnel duties for team (e.g. performance evaluations, hiring and disciplinary actions) as well as support mechanism for achievement including SMART goal settingManagement and control of exceptions arising from the cash, securities and unit reconciliations. The key responsibilities include management and oversight of unmatched cash and stock differences arising from the reconciliations of our accounting records to that of our Custodians and other CITI systemsEnsure accuracy of published cash figures, Data analysis enhancing transparency, decision drivers and efficiencyCollaborate with internal/external stakeholders to ensure issues are being appropriately reviewed and progressing to completionUnderstand all aspects of Reconciliation proves like Corporate actions types and working , Swift messages , Custody statements and also have potential to perform manual reconciliation wherever requiredCandidate should have experience of onboarding new clients, application, migrations etc and proven record of project handling abilitiesReview and correction of any overdrawn account balances and ensure coverageProvide support to the wider Fund Accounting by ensuring that all non STP cash statement activities are accurately reflected in the calculation of the daily Net Asset Value (NAV) of the individual funds.Complete regulatory reporting and associated client reporting requirements covering all aspects of the fund’s valuation, portfolio, expenses, and transaction volumes ensuring a variety of standard and client/regulatory formatsIdentify and implement corrective action plans across teams while analyzing and assessing business riskServe as primary point of escalation for internal/external staff queries, and develop/manage process, productivity, and quality standardsCreate, develop, and maintain business relationships, identify and implement service, system, and process enhancements, lead and evaluate system testing, and train staff on new technology enhancementsSupport development and achievement of strategic goals and annual performance/compensation cycle as well as implement methods to reduce expenses, recommend enhancements, and justify benefitsAppropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.Possess strong knowledge in various Reconciliations applications

Process Management:

Timely and accurate delivery of all functions performed within concerned teamDesign & implement Service Level Agreements with Internal & External teams.Work closely with Fund Accounting leads / teams across all the global locations to provide necessary support.Setup regular governance forums with all stakeholdersDesign & implement oversight & escalation matrixBuild upon key relationships with Stakeholders, Custodians and legal counsels amongst others.

Risk and Control Oversight, Continuous Improvement:

Design & implement controls framework including escalation matrix in partnership with Risk team / Risk ChampionsEnsure strong documentation is in place covering all aspects of service delivery and periodic attestation by the teamEnsure satisfactory results for all internal and external audit cyclesOrganize and co-ordinate internal trainingRegularly review operational procedures and identify areas of process improvementInitiate process and technology projects that maximize control and minimize risk

Business Management, Resource Planning and MIS:

Oversee capacity and headcount planning.Ensure resource is available to support change management testing initiatives alongside BAU requirements.Allocation and monitoring of project resources in line with agreed priorities.Design and implement management information and business control reporting to support good business management decisions, well-informed priority judgements and appropriate alignment of resources

Business Change / Transformation Management:

Identify and formalize business case for potential transformation initiatives.Collaborate with Transformation team for all strategic & tactical initiatives.Ensure resource is available to support change management testing initiatives alongside BAU requirements.Build culture to embrace change and focus on process advancement.

Requirements:

7-10 years of relevant experience in Investment Banking DomainMinimum 4+ years of experience in Fund Accounting Operations and 3+ years in Reconciliation systems and processesExcellent communication skillsStrong planning skillsManagement experienceKnowledge of the asset management industryHave a flexible approach, be self-motivated and a strong team player.Excellent attention to detail and ability to identify issues of potential riskAbility to work under pressure and to tight deadlinesManagement / supervisory experience in dealing with a large and diverse teamDemonstrated Subject Matter Expert (SME) knowledge in related areaWilling to work in Night Shifts

Desirable Qualifications

Bachelor’s degree in accountancy or financePreferably Qualified accountant or qualified through experienceGood working knowledge of Office applications, particularly Excel and AccessFund Accounting knowledge

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Job Family Group:

Operations - Transaction Services

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Job Family:

Fund Accounting

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Time Type:

Full time

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Most Relevant Skills

Please see the requirements listed above.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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