CIB-Fund Accounting Specialist Job Description
CIB-Fund Accounting Specialist Duties & Responsibilities
To write an effective cib-fund accounting specialist job description, begin by listing detailed duties, responsibilities and expectations. We have included cib-fund accounting specialist job description templates that you can modify and use.
Sample responsibilities for this position include:
CIB-Fund Accounting Specialist Qualifications
Qualifications for a job description may include education, certification, and experience.
Education for CIB-Fund Accounting Specialist
Typically a job would require a certain level of education.
Employers hiring for the cib-fund accounting specialist job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Economics, MBA, Business, Graduate, Mathematics, Technical, Computer Sciences, Statistics
Skills for CIB-Fund Accounting Specialist
Desired skills for cib-fund accounting specialist include:
Desired experience for cib-fund accounting specialist includes:
CIB-Fund Accounting Specialist Examples
CIB-Fund Accounting Specialist Job Description
- Providing financial data (expense ratios, portfolio turnover, ) to financial reporting in the completion of quarterly, semi-annual, and annual reports to shareholders
- Calculate partner allocations including management fee, carry calculations and maintain waterfall models
- Preparation of investor capital calls, distributions, financial reports and capital statements
- Demonstrate ability and interest in understanding client's account structure its and various types of portfolio's, their deliverables, and some of their specific requirements
- Be a key point of contact for a significant JPM Client or multiple key Clients within Fund Accounting
- Build a stable relationship with the Client to support key interactions and seamless escalation
- Represent Fund Accounting across service and change discussions
- Ensure the service quality that is delivered to Clients is of an excellent standard
- Co-ordinate and participate in Fund Accounting service reviews with the Client
- Be a communication source for escalation of all issues, service updates, and progress updates for the Client
- Experience using Geneva, Mark-It wire and TriOptima a plus
- Ability to support core business hours for our Client base
- Manage all client inquiries and requests from outside parties, auditors, in a professional manner
- Graduates of Diploma Degree or higher with good academic record
- Thorough knowledge of the Bank Debt asset class, including Primary and Secondary market trading
- 3+ years of accounting experience, preferable including Public Big 4 and partnership or private equity fund accounting
CIB-Fund Accounting Specialist Job Description
- Serve as first level authorizer / QA and main contact for escalations
- Strong understanding of Risk Management and should be able to manage the issues exceptions above materiality thresholds for resolution
- Preparation of a file to a high standard which will include a checklist, all necessary supporting reports, all necessary supporting schedules to back up calculations, plus full cross-referencing as required
- Working on SGL and FTR onboarding and reconciliation activities
- Preparation of BASs, audit packs, distributions, tax returns, trial balance and financial statements including notes to the accounts
- Supporting reconciliation work (e.g., reconciling capital in HiPort and PATAN to Registry reports)
- Researching issues and resolving to completion or escalating where appropriate
- On-going ownership for portfolios all year-end to ensure minimal issues arise during peak periods
- Working with the donor site to ensure knowledge is up to date for changes to Australian Tax and Accounting Standards
- On-going development of a robust training plan for new hires
- Support a progressive approach to improving the quality of service delivered to auditors
- Maintain an excellent and interactive relationship with internal partners inclusive of Financial Reporting, Fund Accounting, Middle Office and Client Service
- Ensure effective controls and governance to mitigate risks in the Financial Reporting and distributed operating model
- Collation and creation of KPIs and key trends analysis for senior management reporting
- Manage the daily audit log correspondence with auditors, including hosting audit progression calls throughout audit cycle with all relevant parties
- Chartered Accountant/MBA/Bachelors degree in Finance, Accounting or Economics
CIB-Fund Accounting Specialist Job Description
- Preparation of core reconciliations in order to ensure the accuracy of the NAV
- Preparation and processing of income and expense accruals
- Escalate and resolve issues in a timely manner
- Financial statement preparation and assistance on audit process
- Drive and lead initiatives across key business pillars namely Efficiency, Controls, Audit and BCP
- Encourage innovative culture within the team
- Lead / Encourage and Participate in L&D sessions
- Should be a quick learner and should possess sound judgement
- Individual should possess experience of working in Fund Services Operations – Fund Accounting, Trades, Reconciliations, Asset Servicing, Financial Reporting & Asset Servicing
- Day to day inquiry management & resolution of escalated client exceptions
- Graduate / Post graduate with 8- 10 years’ experience preferably in Financial Sector industry
- Ability to influence and engage key stakeholders
- Ability to lead team and work across regions
- Self motivated and project oriented
- Efficient in researching discrepancies between trade files and front end systems
- Ability to work under severe pressures and with strict deadlines
CIB-Fund Accounting Specialist Job Description
- Manage group email boxes and SharePoint queues to ensure queries are resolved / responded to within a timeframe and manner sensitive to the urgency of the event, thereby ensuring that internal / external client satisfaction is maintained
- Maintain the highest individual and team standards for quality assurance as it relates to all investor or fund activity / changes
- Ensure calculation of the NAV is in line with existing processes and procedures
- Review core reconciliations in order to ensure the accuracy of the NAV
- Investigate & validate NAV movement
- Complete the delivery of the daily/weekly/ad hoc/monthly NAV production and price dissemination
- Assist manager with task allocation and resource planning
- Accurately complete team deliverables in line with daily, weekly and monthly deadlines and donor requirements
- Good understanding of investment fundamentals
- Demonstrate sufficient technical knowledge of various investment instruments and markets (stock exchanges) and their effect on the portfolio’s valuation
- Basic understanding of securities accounting
- Fresh Commerce Graduates or experienced graduates with experience in a Banking and Financial Services/ Treasury environment (Experience and understanding of Mutual Fund Reconciliations/ Operations could be an added advantage)
- Promote culture of early and timely escalation, ensure root cause analysis undertaken for all operational incidents and follow through with all recommendations
- Actively manage risk items and continually evidence compliance with key controls
- Ensure all client queries dealt with within required SLAs
- Ensure all data is present, correct and complete
CIB-Fund Accounting Specialist Job Description
- Able to handle complex portfolios and transactional activities across different funds
- Ensure all sign-offs needed to kick off the NAV validation process has been completed by all relevant upstream teams
- Full utilisation and mastery of Hiportfolio (asset management system) and GTI (custody system) as investigative tools to adequately research and resolve issues
- Liaise with Sydney reviewers and upstream teams
- Escalate to management, in the event that there are delays or issues that will impact completion of NAV validation process
- Propose and co-leads process efficiencies which may lead to soft/hard saves for the team
- Performance of ad hoc tasks across different clients in relation to the NAV generation and validation process
- Provide training and knowledge sharing activities to new joiners, junior members or other relevant teams as needed
- Complete and pass all mandatory and product related trainings
- Monitoring completion of daily, weekly, monthly administrative tasks as instructed (e.g EOD checklist, daily score card, error log, etc)
- Work with Product Development, Settlements, FX and Risk
- Provide Associate cover
- Responsible for processing & validation of Income & Mandatory Corporate actions
- Operational management and control of the daily workflow within the Asset Services team
- Ensure all daily controls and processing are completed and signed off including client service enquiry resolution, cash and stock break management event management
- Ensure all key metrics are produced as required in given timelines