Manager Operations - Mutual Fund Accounting

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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 realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Manager Operations – Mutual Fund Accounting.

In this role, you will:

• Statutory Reporting team prepares and review Financial Statements comprising of Balance Sheet, Profit and Loss Account, Cash Flow Statement, Notes on Accounts and other Annexures to Annual or Interim Reports like Statement of Investments, Statement of Changes in Capital etc. for set of Funds administered by Markets and Securities Services globally.
• Performance Reporting Team is responsible for reporting accurate, consistent and timely analysis of all funds under management, including performance measurement, asset allocation, portfolio analysis and risk measures (post Net Asset Value processes). Life Fund Accounting Team is required to provide the provision of monthly reports and data extracts to Insurance clients. The core deliverables include ledger feeds, valuation extracts and supplementary analysis to enable the client to complete statutory accounts and regulatory disclosures. Also required to oversee the entire monthly reporting process
• To manage the Statutory Reporting, Performance Reporting and Life Fund Accounting team in Kolkata and ensure accurate, complete and timely delivery of the outputs. The role can be an individual contributor role or people manager. Responsible for keeping abreast with new pronouncements by various governing and accounting bodies
• Contribute to meeting the cost targets. Managing the process to meet or exceed Service Level Agreement / Performance Level Agreements. Using performance/attribution software, create, quality control and distribute monthly results for all clients to agreed levels, formats and deadlines. Update monthly fund benchmarks and keeping abreast of market and index developments. Carry out post month end control checks for Life & Insurance clients within agreed service levels and to a high standard of accuracy.

• Provide ledger feeds, valuation extracts and supplementary analysis to enable the client to complete statutory accounts and regulatory disclosures. Review all investment accounting reports required by the client to support the general ledger feed. Oversee the entire monthly reporting process. Ongoing resource management to minimize, impact of attrition. Continuous monitoring of production calendar to meet Business Needs. Management Information’s are provided timely and accurately.

• Review and authorize all investment accounting reports produced. All Key Performance Indicators, accuracy targets and Service Level Agreements are met. Engagement with Business Areas to understand and work on improving customer satisfaction. Proactively identify and improve service delivery. Driving key streamlining initiatives. Effective resource allocation and management

• Review progress of team members and provide necessary training and support. Adherence to the Group’s agreed processes / procedures – achieving a satisfactory Audit report. Regularly review operational effectiveness and regularly review procedures. Updating all daily MIS (Management Information System) / trackers as required by the process. Ensure timely follow up on the open & outstanding issues that hinder the valuation. Ensure, Escalation Matrix is followed as per agreed between Business Partners and Markets and Securities Services Kolkata.
• Undertake/participate in projects for improvement in delivery quality and/or timeliness. Identify and reduce manual processes for enhanced operational control. Support and implement technology upgradation. Continually raising the risks that have been identified / observed in department processes and procedures. Support audit process and recommendations on a timely manner. Perform the fund’s activities correctly as per the Standard Operating Procedures, Checklist and controls.

To be successful, you will:

• Commerce graduate or post-graduate with relevant working experience.
• Professional qualification in the fields of Accounting like CA (Chartered Accountant), ICWA (Institute of Cost and Works Accountants), CFA (Chartered Financial Analyst) and CS (Company Secretary) with relevant working experience.
• 5+ Years of experience in fund accounting, Net Asset Value, Gross Asset Value and Mutual Funds.
• Strong Accounting Concepts with a clear understanding of financial statements. Sound knowledge of various types of assets, Funds Administration and accounting services and understanding of valuations cycle, financial instruments, corporate actions and accounting concepts.
• Understanding of the Accounting Standards and the ability to relate them to the disclosures in the Financial Statements. Exposure to IFRS (International Financial Reporting Standards) and US GAAP (United States Generally Accepted Accounting Principles) will be desirable. Knowledge of types of Performance Reporting and calculations employed in the industry.

• An understanding of investment instruments and how they are processed for performance calculation purposes is required. Strong Microsoft Excel and Microsoft Word skills. IOC (Investment Operations Certificate) / CISI (Chartered Institute for Securities & Investment) certification would be an added advantage.
• Understanding of Cash reconciliation, Income and Expense would be an added advantage. Knowledge of Bloomberg, Reuters and relevant data feeds would be added advantage. Should have an eye for detail and a strong analytical mind.
• Efficient Time Management and ability to multi task work and prioritize to meet defined deadlines. Should be able to communicate effectively with overseas customers and employees. Proactive in accomplishing tasks without being asked to do so.

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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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