Portfolio Reconciliation

About the Customer

The Company is an American financial services organization that is a private provider of financial retirement services in the academic research medical cultural and governmental fields.

About the Role

Designation : Portfolio Reconciliation

The role of the Associate Portfolio Reconciliations encompasses endtoend exception management accomplished through various systematic written and verbal interactions with Operational Teams Front Office and Middle Office Teams as well as Custodian Banks. The primary focus of the position is timely and accurate reconciliation of accounts across multiple business lines maintenance of the overall quality and accuracy of assigned processes and preparation of ad hoc statistical reports

Key Responsibilities and Duties

• Assist with the monitoring of the Reconciliation Tool and any associated applications daily to ensure all exception are captured
• Ensure cash and positions for respective Funds/Portfolios are reconciled accurately efficiently and on a timely basis with custodians and other external parties as well as across multiple internal systems
• Upon identifying and analyzing exceptions ensure necessary corrective action is assigned to responsible parties logged and prioritized for resolution
• Interface with internal and external business teams to identify root cause of exceptions and track resolution
• Develop a significant level of expertise of the holdings terms and transactions of all Funds/Portfolios to ensure accuracy of the reconciliations process
• Ensure adherence to compliance and regulatory requirements
• Ensure all process and audit trail documentation is uptodate at all times
• Identify escalate and thereby proactively manage process/delivery risks
• Respond to numerous ad hoc requests from internal and external clients for additional information
• Assist with the updating of the Reconciliation Tool and any associated applications to reflect changes in business processes as and when required
• Perform testing for updates to Reconciliation Tool and any associated applications
• Maintain and provide timely and accurate MI of process performance and risk
• Assist with ad hoc duties as assigned

Work Location:

Pune

Work Experience:

2 Years of experience

Background and Requirements

Job Requirements

Required Experience:

• Investment Banking / Asset Management Industry experience in an offshored operations environment.
• Working knowledge of investment instruments i.e. Fixed Income Equities Derivatives Foreign Exchange etc.
• Working Knowledge of securities processes i.e. Corporate Actions Trade Operations and Securities Lending

Skills and Abilities:

• Demonstrated ability to analyze processes and proven attention to detail
• Good problem solving skills and strong commitment to procedures and controls
• Ability to work & function independently in a teamoriented collaborative environment
• Multitasking and prioritization in a high pressure environment
• Interpersonal and relationship building skills
• Experience using Microsoft Office suite of products (particularly Excel & Access)
• Very good communication skills written and verbal
• Customer Service skills Preferred

• Experience using Portia Electra Recon and Eagle PACE/Star is a plus
• Openminded to observe process and highlight any improvement/ identify loopholes
• Keep UpToDate documents such as SOP and BAU tracker etc.