Mutual Fund Revenue - Wealth Operations - Process Developer

Inviting applications for the role of Process Developer/Management Trainee - Mutual Fund Income, Wealth Operations
Responsibilities

In this role, you would be responsible for responsible for back-office functions for our client. In Back-office functions you will primarily be working on Mutual Fund Income. You will be responsible for pre-balancing of income payments for Mutual Funds and need a sound understanding of flow of cash from Fund Manager to Custody to client. Will be working on releasing payments to all clients on the pay date within the defined SLA. Completing post-balancing activities such as clearing out of balances, following up with Fund Managers / custodians regarding income discrepancies and handling income claims from counterparties.

Job Responsibilities Preferred skills

Good understanding of financial products like Mutual Funds.
Good knowledge of all types of Mutual Funds such as Unitised, Private Equity, Limited Partnership, Non-unitised, Monthly series and daily and monthly funds etc.
Good knowledge and understanding of Income pre-balancing and posting tasks
Hands on experience around Mutual Fund Income, equalisation and required documentation.
Should have worked Income pre-balancing or income processing roles
Should have knowledge of the Mutual Fund income cycle
Should understand the risk of not processing Mutual Fund Income.
Experience of posting transactions on accounting book for exception resolution would be required.
Good knowledge of MS Excel is required.
Experience of applications like Global Plus, AddVantage Trust Desk applications would have added advantage.
Candidate should have a good understanding around Risk and Control framework.
Establish strong relationship with onshore counterparts and should be capable of handling Onshore Queries.
Qualifications
Minimum qualifications
Any Graduate (PG an added advantage)
Effective probing root cause analysis skills
Preferred qualifications
Relevant work experience in an Associate role is desirable. Previous experience in a middle/back office in Financial services firm.