MUFG

Global bank offering diversified financial services

Fund Reporting Specialist

Financial AccountingConfirmed live in the last 24 hours

Full-timeIndiaNo salary listed

About the Job

Requirements

The candidate should have 7+ years of previous experience within a fund accounting environment, preferably with an administrator, custodian, or fund manager.
CA/CPA qualified or relevant work experience within the fund accounting space.
Working knowledge of the Invest One application.
Willingness to work rotational shifts starting at 2:00 AM IST.
All-round grasp of accounting standards and taxation affecting the managed funds industry.
Strong technical knowledge in financial markets, including investment products, markets, and securities.
Process expert knowledge in the investment process and trading instruments across various asset classes.
Comprehensive understanding of performance measurement, attribution analysis, and risk assessment models for evaluating investment outcomes.
Ability to solve problems and implement practical solutions.
Ability to research and analyze legislative requirements and changes, and update policy documents, checklists, templates, and procedures.
Ability to implement and complete project work both within teams and autonomously.
Ability to coordinate conflicting deadlines.
Competent in Microsoft Office and ability to learn new software quickly.

Responsibilities

Provide support in onboarding new clients and ensure effective and timely implementation of client change requests.
Contribute to project work to improve service quality, such as system implementations and automation.
Build and maintain effective relationships with internal stakeholders.
Regularly review processes and procedures to implement efficiency and accuracy improvements.
Hold sessions with the team to communicate changes, issues, and procedure changes.
Accurately prepare and review unit prices for managed investment funds, private equity funds, and listed investment companies.
Produce and review Gross Asset Value (GAV) and Net Asset Value (NAV), including unit pricing calculations for NAV.
Reconcile cash records, positions, and trades to the custodian or prime broker.
Update the portfolio system for investment trades, settlements, corporate actions, income receipts, and cash movements.
Prepare periodic reports for fund managers, their clients, and asset consultants.
Ensure timely delivery of reporting requirements to the Sydney team.
Prepare reconciled month-end portfolios for accountants to complete unit pricing.
Ensure the team provides accurate and complete information, solves problems, and completes transactions professionally and on time to agreed standards.
Review distributable income calculations for managed investment funds and liaise with external tax parties.
Partner with cross-functional teams, including offshore counterparts, to ensure clear communication and knowledge sharing.
Support, review, and prepare Investment Operations daily deliverables.
Collaborate with the team and broader organization to achieve shared goals and work effectively with colleagues and clients.
Manage team resources by ensuring team members' availability and punctuality.
Monitor and improve risk and compliance controls on an ongoing basis.
Perform post-trade compliance monitoring.
Liaise with the financial reporting team to answer audit queries.
Apply risk management practices and limit risk exposure through mitigation strategies.
Prepare data for monthly reports for clients and internal stakeholders.
Review work practices and procedures to identify opportunities to improve quality or productivity.
Manage escalations and seek to resolve them to the satisfaction of customers and clients.

Desired Qualifications

Working knowledge of IRESS and Omgeo CTM/Alert would be an added advantage.

Overview

This role is within the Fund Accounting Team which is responsible for functions such as transaction processing, asset set-up and maintenance, Fund Manager and Custodian reporting, and reconciliations, creating GAV/NAV packs, Fund Manager and Custodian reporting, which must be completed in a timely manner

The incumbent needs to be the SME of the end-to-end operations of the day-to-day activities for a sub team of Fund accounting Function. As a Specialist, you need to work closely with Team Leaders, Managers, Senior Leadership in Mumbai hub and Global Stakeholders. She / He needs to work on activities assigned to her / him, manage daily deliverables, SLA, quality issues, huddles, and training. The role needs to work in rotational shift and there would be shifts starting at 2:30 AM IST

Key Accountabilities and main responsibilities

Strategic Focus

Provide support in the onboarding of new clients and ensuring the effective and timely implementation of client change requests
Contribute to project work to improve service quality e.g. system implementations, automation
Build and maintain effective relationships with internal stakeholders
Regularly review processes and procedures with a view to implementing efficiency and accuracy improvements
Hold sessions with the team to communicate any changes, issues, procedures changes

Operational Management

Accurately prepare and review unit prices for managed investment funds, private equity funds and listed investment companies
Produce and review Gross Asset Value (GAV) and Net Asset Value (NAV) including unit pricing calculation for NAV
Reconcile cash records, positions and trades to the custodian/ PB
Update portfolio system relating to investment trades, settlements, corporate actions, income receipts and cash movements
Prepare periodic reports to fund managers, their clients, and asset consultants
Ensure timely delivery of various reporting requirements to the Sydney team
Preparation of reconciled month end portfolios for accountants to complete unit pricing
Preparation of periodic reports to fund managers, their clients, and asset consultants
Update portfolio system relating to investment trades, settlements, corporate actions, income receipts and cash movements
Ensure the team provide accurate and complete information, solve problems and complete transactions in a professional and timely manner to agreed standards
Detailed review of distributable income calculations for managed investment funds and liaising with external tax parties

People Leadership

Partner effectively with cross functional teams, including offshore counterparts, ensuring clear communication and knowledge sharing
Provide support, review and preparation of Investment Operations daily deliverables
Collaborate closely with the team and the broader organisation to achieve shared goals, treating all colleagues and clients as valued partners
Manage team resources by ensuring availability and punctuality of team members

Governance & Risk

Ongoing monitoring and improvement of risk and compliance controls.
Post trade compliance monitoring
Liaising with financial reporting team to answer audit queries.
Adopt a risk management culture, and effectively limit risk exposure to MUFG Corporate Markets with strategies to mitigate risk
Prepare data for monthly reports for clients and internal stakeholders
Regularly review work practices/procedures to identify opportunities to improve quality and/or productivity
Manage escalations and seek to resolve them to the satisfaction of the customer and client

The above list of key accountabilities is not an exhaustive list and may change from time-to-time based on business needs.

Experience & Personal Attributes

The candidate should have 7+ years’ previous experience within a fund accounting environment preferably with an administrator, custodian, or fund manager. .

CA/CPA qualified or relevant work experience within the FA space
Working knowledge of Invest One application
Working knowledge of IRESS, Omgeo CTM / Alert would be added advantage
Willingness to work in rotational shift starting at 2.00 am IST.
All round grasp of accounting standards and taxation affecting the managed funds industry.
Strong technical knowledge in financial markets including investment products, markets and securities
Process expert knowledge in the investment process and trading instruments across various asset classes
Comprehensive understanding of performance measurement, attribution analysis, and risk assessment models for evaluating investment outcomes
Process expert knowledge in the investment process and trading instruments across various asset classes
Problem solving, implementing practical solutions
Ability to research and analyse legislative requirements and changes, update policy documents, checklists, templates, and procedures.
Able to implement and complete project work both within teams and autonomously
Able to co-ordinate conflicting deadlines
Good communication skills both written and verbal
Competent in Microsoft Office and ability to learn new software quickly

About the Company

MUFG

Global bank offering diversified financial services

MUFG is a major global financial group that provides a wide range of banking and financial services, including commercial and trust banking, securities, credit cards, and asset management. Its products are delivered through a network of domestic and international banks, digital platforms, and financial advisers, offering loans, deposits, payments, investment services, and asset management. MUFG stands out due to its size and scale as one of the world’s largest financial groups, its diversified offerings across banking and securities, and its strong international presence (notably expanding in the U.S. after investing in Morgan Stanley in 2008). Its goal is to support economic growth worldwide by expanding its global footprint and promoting sustainable finance.

Company size: 10,001+
Company stage: IPO
Headquarters: Tokyo, Japan
Founded: 2006

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