Accounting & Reconciliation Analyst
Ameriprise Financial
Full time- 1+ years
- Not Disclosed
- Noida, Uttar Pradesh, India
- Post Date: Mar 22, 2024
- End Date: May 22, 2024
- 1+ years
- Not Disclosed
- Noida, Uttar Pradesh, India
- Post Date:Mar 22, 2024
- End Date: May 22, 2024
Skills:
- Ms Office
- Finance
- Problem Solving
- Accounting
Job Description:
Responsibilities
- The primary purpose of this position is to perform daily investment accounting activities relating to the retails, life (sub-accounts), 529, FOF and collective trust funds and ensure the accurate calculation and reporting of NAVs, AUV's.
- The role also requires collaboration with the Accounting counterparts based in India/ US and Custodians, Business Partners from other departments/ locations and effectively executing activities pertaining to Non-Proprietary Funds also.
- Responsible for the accurate calculation and reporting of public and collective fund net asset values and life fund accumulation unit values. Provide coverage as needed.
- It also requires a basic understanding of the mutual fund concepts and specific fund characteristics/attributes.
- Perform the daily accounting and reconciliation of fund activity including shareholder activity, fund expenses, fund distributions, reconciling the NAV/AUV, reviewing security trades including derivatives and reconciling cash transactions.
- Analytical review and problem solving for the fund. Verify accuracy of trade input and impacts to fund.
- Analyze daily income accruals and interest/ dividend payments. Review fund distributions.
- Communicate with transfer agents, custodians’ other departments and auditors, as needed.
- Ensure all identified issues are thoroughly researched and escalated/communicated timely to all impacted parties.
- Support all Regulatory changes and other requisite changes.
- Zero regulatory and control issues having significant brand, financial or business implications.
- Proactively contribute and attend huddles, team meetings, trainings, engagement activities and coaching sessions.
Qualifications & Experience
- Master Degree or equivalent in Finance / Accounting qualification, MBA preferred
- Strong system skills viz. MS Office and main frame system.
- Good Communication, Interpersonal Skills and be an Effective Team Player.
- Excellent Problem Solving and Analytical Skills.
- Sound Written / Oral Communication Skills.
- Positive, team-work attitude.
- Ability to work independently as well as collaborate with cross-functional teams.
- Knowledge of / experience in investment accounting / fund accounting,
- Knowledge of investment tools (Bloomberg), reconciliation tools (Frontier), and accounting systems (Invest One) will be an added advantage.
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