Insurance Fund Accounting - Assistant Vice President

Overview

Assistant Vice President for Fund Accounting, managing the day-to-day operations of a functional or oversight team and the daily service delivery and production activities performed by staff.

What you'll do

• Act as the primary contact and key escalation point for operational issues, providing technical expertise to resolve daily problems.
• Manage and escalate issues related to BU Shared Services and COE's.
• 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 relating to clients and division/corporate operations, and short/long-term strategies and budgets.
• Assess impacts of regulatory changes.
• Identify and implement consistent operational best practices.
• Organize Shared Service internal meetings, compile related documentation, assist with agenda coordination and development, and attend meetings to record 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, and complete performance appraisals.
• Provide staffing recommendations by interviewing new personnel and making effective hiring decisions.
• 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, promote, award salary increases and bonuses.
• Identify and report any unusual or potentially suspicious transaction activity.
• Work collaboratively with teams and management across the organization on various projects, oversight, committees and KPIs, and ensure NAV/yield accuracy and SLA compliance through coordination with Shared Service teams/COE's, outsource locations, Client Operations and other business units.

What you'll need

• Strong personnel management skills and prior experience in a supervisory capacity with responsibility for coaching and development of direct reports.
• Minimum of 5 years of management experience, preferably with fund accounting, an audit firm or a financial services organization.
• Demonstrated managerial, leadership and decision-making abilities.
• Excellent communication, organization, interpersonal, planning and analytical skills.
• Ability to bring individuals from multiple areas together to resolve identified issues.
• Exposure to trading instruments including Equities, Options, Bonds, Futures, Spots and Forwards, Bank Debts and Credit Default Swaps (CDS).
• Knowledge of Corporate Actions, Income and 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.
• Ability to provide technical expertise to resolve daily problems.
• Demonstrated computer proficiency and working knowledge of various software applications.
• Ability to develop and enhance client relationships.

Nice to have

• Significant prior financial services industry experience.
• Ability to lead a large team and identify and develop talent.
• Ability to initiate, effectively manage and improve relationships within the company, with industry peers and with current/prospective clients.
• Good understanding of financial services and investment products.
• Strong interpersonal skills, multitasking capability, and ability to work under pressure.
• Strong problem-solving skills and good executive presence.
• Ability to represent on client calls.
• MBA or graduate degree.

Details

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