Log In
Sign Up
Job Description
The Company
NTT DATA Services is a top 10 global services company and part of the NTT Group, a Fortune 29 telecommunications and services company based in Japan. We operate with 60,000 professionals in 36 countries. Every day around the world we help clients explore new ways to respond to market dynamics with flexibility and speed, reduce costs with less risk, and increase productivity to enable growth.
For more than 30 years, our Business Process Outsourcing (BPO) team has implemented the processes and technologies for our clients that bring about real transformation for customers of all s. Our end-to-end administrative services help streamline operations, improve productivity and strengthen cash flow to help our customers stay competitive and improve member satisfaction.
The Opportunity
Our client is a leading global provider of asset and wealth management solutions. They provide investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth.
This team is currently seeking Fund Accounting Associate to join our team managing Fund Accounting for Mutual Funds in Gurgaon.
Roles and Responsibilities
You will act as an intermediary between the funds and their investment managers and serve as the official record keeper for the funds.
Prepare daily Net Assets Values, yields, distributions and other fund accounting output timely and accurately for subsequent review.
Ensuring fund income and expenses, including management and performance fees, are accrued for and are in accordance with relevant accounting standards.
Accurate and timely processing of all capital activities including subscriptions, redemptions, transfers, rollups, capital commitments and calls.
Cash Management-managing the daily cash flow of trades and monitoring fund cash-flows. Process incoming and outgoing cash movements related to capital activity
Independently complete cash, portfolio and capital reconciliations and investigate and resolve any discrepancies
Preparation of Investor and Client reports including Audit confirmations, Trade confirmations etc.
Responsible to communicate the transactions associated with the fund(s) and work closely with internal and external clients to provide accurate and thorough accounting packages.
Identify exceptions and problems affecting accounting records and prices, communicating same to management, and assisting in their resolution.
Correspond with external and internal stakeholders regarding day-to-day fund inquiries including entering security trades, fee payments, cash position breaks, and reconciliations.
Requirements for this role include:
Open to work in any scheduled work window from Monday-Friday from 5.30pm onwards.
University degree or equivalent that required 3+ years of formal studies of Finance/Accounting principles
1+ year(s) of accounting experience for financial instruments (equities, fixed income, and derivatives), corporate actions, operation of capital markets, and life cycle of trades. Good knowledge of Capital Market
Working experience of basic functions in MS-Excel.
Exposure in a service-oriented role where you had to correspond in writing or over the phone with external customers.
Prior working knowledge of Bloomberg, IDC and HIS Market would be added advantage.
