Noida, Uttar Pradesh, India
US Investment Accounting (US IA) is a “time” and “mission” critical process. The primary responsibility of this role revolves around validating mutual fund NAVs on daily basis. This role entails preparation of daily accounting and reconciliation, managing outstanding exceptions related to cash and holding for all kind of funds managed by CTI. Identify and resolve problems for the assigned funds and communicate effectively with various internal and external teams.
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
1-3 Years of relevant 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.
About Our Company
Ameriprise India LLP has been providing client based financial solutions to help clients plan and achieve their financial objectives for 125 years. We are a U.S. based financial planning company headquartered in Minneapolis with a global presence. The firm’s focus areas include Asset Management and Advice, Retirement Planning and Insurance Protection. Be part of an inclusive, collaborative culture that rewards you for your contributions and work with other talented individuals who share your passion for doing great work. You’ll also have plenty of opportunities to make your mark at the office and a difference in your community. So if you’re talented, driven and want to work for a strong ethical company that cares, take the next step and create a career at Ameriprise India LLP.
Ameriprise India LLP is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, genetic information, age, sexual orientation, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.
Full-Time / Part-Time
India Night 1 (8:00p-4:30a)
India Business Unit
Finance & Asset Management Operations
Job Family Group
Mutual Fund Operations
Source – Ameriprise India LLP Website
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