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Fund Accounting Analyst 1 - C09 - GURGAON

Job Req ID 25860776 Location(s) Gurgaon, India Job Type On-Site/Resident Job Category Transaction Services
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Fund Accounting - Subject Matter Expert

This document outlines the responsibilities and requirements for a Senior Individual Contributor and Subject Matter Expert within the Fund Accounting team. This role plays a crucial part in ensuring the accuracy of fund valuation data for various downstream processes.

Responsibilities:

  • Reconciliation Expertise:
    • Possess deep understanding and expertise in cash, securities, and unit reconciliation processes.
    • Independently investigate and resolve complex discrepancies, including unmatched cash and stock differences between internal records and custodian statements.
    • Proactively identify and analyze reconciliation breaks, determining root causes and implementing effective solutions.
    • Maintain up-to-date knowledge of corporate actions, SWIFT messages, custody statement formats, and their impact on reconciliation.
    • Possess the ability to perform manual reconciliations when necessary, demonstrating a comprehensive understanding of the underlying principles.

  • Data Analysis & Process Improvement:
    • Leverage analytical skills to identify trends, patterns, and potential risks within reconciliation data.
    • Develop and implement process improvements to enhance efficiency, accuracy, and control within the reconciliation function.
    • Contribute to the design and testing of new technologies and system enhancements related to reconciliation processes.
    • Proactively identify and mitigate operational risks, ensuring compliance with regulatory requirements and internal control standards.

  • Stakeholder Management & Collaboration:
    • Collaborate effectively with internal stakeholders, including Fund Accounting team members, Operations, Technology, and Compliance, to resolve issues and drive process improvements.
    • Communicate clearly and concisely with external stakeholders, such as custodians and clients, to resolve reconciliation discrepancies and address inquiries.
    • Provide guidance and mentorship to junior team members, sharing expertise and best practices in reconciliation.

  • Subject Matter Expertise:
    • Serve as a subject matter expert on reconciliation processes, providing guidance and support to the team and stakeholders.
    • Stay abreast of industry best practices, regulatory changes, and emerging trends in reconciliation.
    • Contribute to the development and delivery of training materials and knowledge-sharing sessions related to reconciliation.

Requirements:

  • Experience:
    • Minimum of 4+ years of hands-on experience in Fund Accounting Operations, with a strong focus on reconciliation processes.
    • Proven track record of independently investigating and resolving complex reconciliation breaks.
    • Experience working with various financial instruments, including equities, fixed income, and derivatives.
    • Should have experience in Alladin experience

  • Technical Skills:
    • Advanced proficiency in Microsoft Excel, including data analysis and reconciliation tools.
    • Familiarity with industry-standard reconciliation systems and applications.
    • Strong understanding of accounting principles and their application to investment operations.

  • Personal Attributes:
    • Excellent analytical and problem-solving skills.
    • Strong attention to detail and commitment to accuracy.
    • Ability to work independently and as part of a team.
    • Excellent communication and interpersonal skills.

  • Desirable Qualifications:
    • Bachelor's degree in Accounting, Finance, or a related field.
    • Relevant industry certifications (e.g., CFA, CAIA).

  • Willing to work on flexible shifts

This role presents an exciting opportunity for a highly motivated and experienced individual to make a significant impact within a dynamic and growing team.

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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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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.

View Citi’s EEO Policy Statement and the Know Your Rights poster.

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