Insurance Fund Accounting - Assistant Vice President

Overview

Assistant Vice President leading a functional/oversight team in Fund Accounting, managing daily service delivery and production, and ensuring NAV/yield accuracy and SLA compliance across Shared Services, COEs, outsource locations and Client Operations.

What you'll do

• Act as the primary contact and key escalation point for operational issues and provide technical expertise to resolve daily problems.
• Manage and escalate issues related to BU Shared Services and COEs.
• Manage the department's overtime budget effectively and be 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 on clients, division/corporate operations, and short/long-term strategies and budgets.
• Assess impacts of regulatory changes and identify and implement consistent operational best practices.
• Organize Shared Service internal meetings and compile related documentation, assisting with agenda coordination and recording notes and action items.
• Coordinate the implementation of new funds, systems and processes, and assist with client conversions and other client projects.
• Train, develop and motivate new staff, complete performance appraisals, and provide staffing recommendations by interviewing new personnel.
• Serve on committees and help define and implement new company initiatives.
• Provide coaching and development opportunities to staff and participate in individual ongoing training and development.
• Be accountable for completing and delivering PPRs on time.
• Make effective recommendations to hire, discipline, control work, terminate employment, and for promotions, salary increases and bonuses.
• Identify and report any unusual or potentially suspicious transaction activity.

What you'll need

• Strong personnel management skills and prior supervisory experience with responsibility for coaching and development of direct reports.
• Minimum of 5 years of management experience, preferably with fund accounting, audit firm or a financial services organization.
• Demonstrated managerial, leadership and decision making abilities.
• Excellent communication, organization, interpersonal planning, and analytical skills.
• Ability to effectively bring individuals from multiple areas together to resolve identified issues.
• Exposure to trading instruments such as Equities, Options, Bonds, Futures, Spots and Forwards, Bank Debts and Credit Default Swaps (CDS).
• Knowledge of Corporate Actions, Income & Expense accruals, SEC Yields, Distributions, NAV calculations etc.
• Prior Mutual Fund accounting experience including General Ledger analysis and reconciliation.
• Bachelor's degree in commerce / economics with a specialization in Business, Accounting, Finance or another financial-related program.
• At least 5+ years of related Hedge 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.
• Solid understanding of operational functions within Hedge Fund Accounting.
• Demonstrated computer proficiency and working knowledge of various software applications.
• Ability to provide technical expertise to resolve daily problems.

Nice to have

• Significant prior financial services industry experience.
• MBA or graduate degree.
• Ability to lead a large team, identify and develop talent.
• Ability to initiate, effectively manage and improve relationships with peers and current/prospective clients.
• Good understanding of financial services and investment products.
• Ability to represent on client calls.
• Good executive presence and strong problem solving skills.

Details

• Location: Hyderabad/Bangalore/Pune/Coimbatore/Chennai/Mumbai.
• Shifts: North America shifts.