Job Description
Who we are looking for
This role is responsible for Processing & Reviewing of Fixed Income funds as per the global standards. The team provides a vital role in the Asset Servicing-Income verification value stream which validates the daily income of the mutual funds in the US Market. There is a high degree of risk associated with this position and risk management skills are critical. The role is based out of Pune and would be responsible for the US market, however they will work closely with our global teams/sites.
Why this role is important to us
The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best.
What you will be responsible for
As an Asset Servicing-Income verification Senior Associate you will:
- Work on Income verification which includes processing and review for US market events.
- Become a Subject matter expert of the process to be able to guide the team, provide solution and handle escalations.
- Calculates entitlements based on income parameters and processes the requisite adjustments and possible ensuring market transactions in a timely and accurate manner for USIS funds.
- Understand the pricing methodology of fixed income product.
- Analyze the impact of securities trading suspension, delisting and adjustment factors that impact the overall fund portfolio.
- Reconciliation of the income entitled and the entitlement with custody payments.
- Researches and resolves all breaks – substantiate the breaks by identifying the root cause and solving them.
- Perform intra-day checks and EOD checks and complete pending and elevated issues according to the established procedures.
- Assists in training of new employees; Act as technical resource to the team.
- Participate in on-going training and development.
- Identify process improvement opportunities and share it with the management
What we value
These skills will help you succeed in this role
Primary Skills (Must Have)
- Good communication, organization, problem solving, analytical and prioritization skills
- Team Management
- Knowledge of Securities Market.
- Experience in Accrual and Amortization concepts and manual income calculations
- Working Knowledge on E-Horizon services for Fixed Income Funds
- Knowledge of trade lifecycle of a securities transaction across custody and clearing houses.
- Knowledge of Fixed Income lifecycle.
- Understands Fixed Income pricing and interest rate calculation.
- Knowledge of Bloomberg, Reuters for checking securities pricing, description, corporate action information etc.
- Experience in Fund Accounting with proven experience in Fixed Income Processing
Education & Preferred Qualifications
- Bcom/Mcom /MBA degree or equivalent industry recognized qualification. MBA Finance preferred.
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