Assistant Manager - Fund Accounting Assistant Manager - Fund Accounting …

State Street Corporation
in Bangalore, Karnataka, India
Permanent, Full time
Last application, 15 Oct 20
Competitive
State Street Corporation
in Bangalore, Karnataka, India
Permanent, Full time
Last application, 15 Oct 20
Competitive
State Street Corporation
Assistant Manager - Fund Accounting
•Undertake the following, with a goal of 100% accuracy, timeliness and completeness:
•Calculate and validate a daily and/or weekly and/or monthly Net Asset Value (NAV) for your assigned funds
•Assist and train others in your team with their NAV calculation and problem resolution
•Design and implement operational efficiencies
•Reconcile cash daily (no unresolved discrepancies)
•Reconcile portfolio positions daily (including equities, bonds, swaps, options, foreign exchange, futures and other evolving derivative instruments)
•Accrue income and expenses daily
•Analyze and validate traders' profit and loss statement daily
•Analyze and validate position market values daily
•Post accounting entries to the general ledger daily
•Review and validate the partner/shareholder allocation calculations, including management and incentive fee calculations
•Research and resolve differences between accounting and trade entry systems daily
•Lead/assist with month-end close process
•Lead/assist with enquiries related to the annual audit
•Lead/assist with periodic financial reporting for Hedge /MutualFunds (i.e. Statement of Assets and Liabilities and Statement of Profit and Loss)
•Lead/assist with preparing other ad hoc financial reports as required
•Review and understand the fund's offering memorandum and verify that the offering memorandum agrees to fund set up and ensure that ongoing operations adhere to offering memorandum details
Company Overview

From technology and product innovation to corporate responsibility and community development, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people - strengthening markets, building communities and creating opportunities for growth.

We owe that longevity to the commitment, expertise and creativity of our employees. Our continued success depends on our ability to attract and develop the best talent in the industry. That's why we're keenly focused on employee development, corporate citizenship and inclusion.

For us, success comes in the mark we make as an organization - for the industry, our clients, our communities and each other.

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