Fund Accounting - Assistant Vice President

Recruiter
State Street.
Location
Hyderabad, India
Salary
Not disclosed
Posted
26 Oct 2020
Closes
30 Oct 2020
Ref
R-650958
Job role
Fund accountant
Contract type
Permanent
Hours
Full time
Experience level
Manager

Purpose of Role:

The main function of the role is: Account for the day-to-day management of a functional/oversight team(s) and manage daily service delivery and production activities performed by staff. Work in conjunction with individuals on the team as well as other Shared Service teams/COE’s, outsource locations, Client Operations and other business units to ensure seamless processing according to the fund’s policies, to ensure NAV/yield accuracy and that all SLAs are met. As well as, Work collaboratively with teams and management across the organization on various projects, oversight, committees, KPIs, etc.

Role specifics:-

  • Act as the primary contact and key escalation point for operational issues, as well as provide technical expertise to resolve daily problems.
  • Manage and escalate issues related to BU Shared Services and COE’s.
  • Manage departments overtime budget effectively, indirectly responsible for other department budget matters.
  • Ensure appropriate records of daily and monthly activities are kept.
  • Assist with compliance/fiduciary reviews, controls, and audits as needed.
  • Establish and maintain files, including highly confidential and sensitive information, which pertains to clients and division/corporate operations, as well as short/long-term strategies, budgets, etc.
  • Assess impacts of regulatory changes.
  • Identify and implement consistent operational best practices.
  • Organize Shared Service internal meetings and compiles related documentation, assisting with the coordination and development of the agenda and may attend meetings to record notes and action items.
  • Coordinate the implementation of new funds, systems and processes as well as assists with client conversions and other client projects.
  • Train, develop and motivate new staff, as well as complete performance appraisals.
  • Provide staffing recommendations by interviewing new personnel and making effective hiring decisions.
  • Serve on committees and help define and implement new company initiatives.
  • Provide coaching and development opportunities to staff, participate in individual on-going training and development.
  • Has accountability and responsibility for completing and delivering PPRs on time.
  • Make effective recommendations to hire, discipline, control work and terminate employment.
  • Make effective recommendations for promotions, salary increases and bonuses.
  • During the course of normal day to day operations, responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures.
  • Perform other duties as assigned.

Experience Requirements:

  • At least 5+ years of related Custody and/or Fund Accounting experience, part of which must have been in a management or supervisory capacity. (Overall experience of 12+ years)
  • Knowledge of securities language and legal requirements.
  • Good interpersonal, organizational and management skills.
  • Solid understanding of operational functions within Custody and/or Fund Accounting. Ability to provide technical expertise to resolve daily problems.
  • Demonstrated computer proficiency and working knowledge of various software applications.
  • Ability to develop and enhance client relationships.
  •  For further information, and to apply, please visit our website via the “Apply” button below.

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