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BNY Mellon hiring Senior Analyst in Pune India for B. Com degree with 3-4 years Financial Services Experience

          

Website :www.bnymellon.com
Company :BNY MELLON
Job Tag : Private Jobs
Job Location : India, Pune

Senior Analyst

Pune, Maharashtra

Asset Servicing

For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments & safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.

BNY Mellon's Asset Servicing business is dedicated to dynamically supporting our clients' investments and safeguarding their assets, keeping them working around the clock and across the world. It's part of our commitment to being a true partner for our clients' investment success. We specialize in operational solutions and capabilities for today's market-enhancing management and administration of investments with services that process, monitor and measure investment data from around the world. By leveraging BNY Mellon's global footprint and deep expertise, we deliver insight-driven solutions for every phase of investing.

Description

Position Summary:  Describe below the primary purpose and function of this job . The Senior Analyst (Core Fund Accounting) reports to the Team Leader (Core Fund Accounting) and is responsible for maintaining the accounting books and records relating to  specific groups of funds including hedge funds , mutual funds, separate account, commingled trust and/or limited partnership entities in accordance with department policies, procedures and best practices, while also ensuring client deliverables are met.  He/she is responsible for effectively performing / checking:  cash and asset reconciliation research and exception clearing, transaction processing, income and expense related processing, research and clearing, daily/weekly/monthly NAV generation related processes, periodic and ad hoc reporting.  - He/she is also responsible for performing and checking portfolio accounting and related processes as part of the month end NAV generation and the reconciliation of investor statements to accounting reports.  He/she will also be responsible for the reconciliation of the trial balance to subsidiary reports and client reports. He/she is also responsible for effectively clearing exceptions and identifying and communicating any issues that affect the accuracy of the account records.  For their assigned accounts, he/she may interact with clients to address inquiries, as directed, and is required to escalate any issues that affect the accuracy of the account records or may lead to customer service issues. In addition, the Senior Analyst/Fund Accountant(Core Fund Accounting) will work with the Team Leader/ Assistant Manager (Core Fund Accounting) on more complex accounts or matters as they may arise such as those involving derivative securities, trouble shooting, filling in on accounts not part of regular assignments or temporary oversight duties. ESSENTIAL FUNCTIONS - Key Roles & Responsibilities:  List up to 6 key roles and responsibilities of this job. (Percentages must sum to 100%) Percentage of  Time 

Ensure proper preventative and detective controls are in place for business functions and drive recommendations to strengthen control weaknesses.

Act as an escalation point for risk and control related matters for accountants.               -5 %                    

Review all operational escalations within the team, analyzing for trends/root causes. Recommend and implement controls, solutions and training.                                        -5%

Review timely and accurate Net Assets Values, yields, distributions, and other fund / portfolio accounting output. – 15 %

Assist analysts with processing and input of work in times of need and with the more complex concepts and processing procedures that may occurr.   -15%

Review the existing techniques and suggest the team out of box solutions. – 5 %

Reconcile various accounts or reviewing reconciliations prepared by others and promptly researching and correcting any variances. – 20 %

Identify exceptions and problems affecting accounting records and prices, communicating same to the management and assisting in the resolution. – 10%

Regularly updating the management on fund activities and other fund related issues. -5%

Ensure the quality of the day-to-day service is improved & maintained and meet the performance target as defined in the service level agreements (SLA’s) for each client. – 5%

Co-ordinate with onshore to get clarifications on procedures and complex queries. – 10%

  -5% JOB DESCRIPTION CONTENT (continued)   LEVELING FACTORS Business Expertise:  Describe the requirement for knowledge and expertise about how various parts of the organization work together to achieve business objectives.  Explain the degree of understanding required of the industry, commercial environment and of competitor’s products and services. The Senior Analyst (Core Fund Accounting) reports to the Team Leader (Core Fund Accounting) and is responsible for  maintaining accounting records on multiple accounting platforms relating to a specific group of hedge funds, mutual fund, separate account, commingled trust and/or limited partnership entities in accordance with department policies, procedures and best practices, while also ensuring client deliverables are met.   He/she is responsible for effectively performing / checking:  cash and asset reconciliation research and exception clearing, transaction processing, income and expense related processing, Capstock Reconciliation , Trade posting ,  Pricing of securities , checking and validation of the Trial Balance and other Reports exception clearing and provide portfolio accounting  / calculation of Net Asset Value for  different funds. Research and clearing, daily NAV generation related processes, periodic and ad hoc reporting.    He/she is also responsible for effectively clearing exceptions and identifying and communicating any issues that affect the accuracy of the account records.  For their assigned accounts, he/she may interact with clients to address inquiries, as directed, and is required to escalate any issues that affect the accuracy of the account records or may lead to customer service issues. He should be conversant with the Fund Industry and the expectations of the Business Partners as this a time driven process where full accuracy of work is a must. Also, coordination with other departments like the fund accounting support processes, the Transfer Agency, Custody, pricing, Corporate Action, cash and Stock Reconciliation Teams are critical to meet the deadlines. Problem Solving:  Describe the nature and complexity of the problems this position encounters on a recurring basis.  Include information regarding the level of innovation required, if any, and include mention of environmental factors that may add to the complexity of resolving issues. The understanding described above allows the Senior Analyst to  perform and check portfolio accounting / calculate the correct Net Asset value for the funds by correctly processing the various activities outlined above and also , resolve the many and very different issues identified during the performance if such activities.   Nature & Area of Impact: To what degree does this job affect the business (i.e., through interactions with customers, making decisions, defining or setting strategy, etc.)?  What is the breadth of the impact that this job has, either positive or negative (i.e., affects own team, department, function, business unit, geography, entire business, etc.)? Core Fund Accounting in a niche process. It is a very high end and complex process which comes with potential for high financial, reputational and companywide impact.  It’s very critical that coordination is maintained with Onshore, to gain expertise and do an accurate job.  The position would be responsible for ensuring high quality work by doing accurate Reviews  and in taking on more  work. During busy periods or when presented with voluminous or complex work, the senior analyst will be expected to assist the analysts with processing and input.  The position would work in coordination with the Team Leaders and the Assistant Manager to ensure timely and accurate Reviews and to provide feedback on the processing staff with a view to developing them. Interactions / Interpersonal Skills:  Describe the nature and level of interactions this job has with others, both internally and externally.  Explain any specific interpersonal skills necessary to successfully perform this role (i.e., negotiation skills, represents business at external events or to governmental bodies, etc. ). It would be a very important position in the Core Fund accounting process in Chennai. The position requires continuous interactions with Onshore Operational Management as well as Local Management to ensure smooth migration of new funds, maintaining BAU situation at all times. Though, there won’t be any people management responsibilities, the position is critical to ensure timely and accurate deliveries of funds and in grooming the processing staff.

Qualifications

Minimum Education:    B. Com. Preferred Education:  M.Com. Minimum Experience: 3-4 years Financial Services Experience Preferred Experience:  3-4 years core fund accounting experience Minimum Language

Skills:

 English ( Read, Write and Speak )     Preferred Language Skills:     English ( Read , Write and Speak ) Excellent oral and written English skills   Excellent oral and written English skills

BNY Mellon is an Equal Employment Opportunity Employer.

Primary Location: India-Maharashtra-Pune

Job: Asset Servicing

Internal Jobcode: 53964

Organization: AIS-HR06325

Requisition Number: 1516119

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