Associate Accountant Fund

Our vision for the future is based on the idea that transforming financial lives starts by giving our people the freedom to transform their own. We have a flexible work environment, and fluid career paths. We not only encourage but celebrate internal mobility. We also recognize the importance of purpose, well-being, and work-life balance. Within Empower and our communities, we work hard to create a welcoming and inclusive environment, and our associates dedicate thousands of hours to volunteering for causes that matter most to them.

Chart your own path and grow your career while helping more customers achieve financial freedom. Empower Yourself.

Responsible for start of day fund accounting daily tasks.
Responsibilities will be varied but will include analysis of beginning cash balances, reconciliation of cash including matching of cash receipts/disbursements to receivables and payables within the Investment Accounting System, reconciliation of shareholder balances between transfer agent and accounting system records, reconciliation of asset positions between the custodian and applicable investment manager records.

Primary Responsibilities:

• 1-2 years’ Work experience in Cash Reconciliation, Trade reconciliation and Trade processing, Position/holdings reconciliation against custody, broker, fund manager reports.

• Proficiency in understanding and processing of taxable and tax-exempt Cash dividends, Dividend Options, Dividend Reinvestment Plan, Dividend calculations.

• Proficiency in Fixed income securities bond, ABS, MBS, Mortgage and collateral

• Proficiency in Paydowns, base rate calculation and accounting procedures.

• Full-fledge Knowledge on processing Interest payments of Bonds issued by the Company, redeeming bonds, partially redeeming bonds and Redeeming bonds Early from bondholders by the Company prior to the maturity date announced at the time of issuing bonds.

• Experienced in processing Capital Distribution and Other Gains Distribution.

• Calculating conversion rate of currencies based on Exchange rate provided by the Company while announcing Cash dividends to Shareholders.

• Fundamental knowledge on capital markets, mutual funds, Fund accounting procedures & Nav calculation procedures

• Handling events like Liquidation, Executing Cheque payments and Announcing Rights issue to the existing clients of a Company.

• Security setup based on BBG and client instructions.

• Proficient in doing Record date reconciliation and adjusting Eligibility in Record date reconciliation.

• Performing Notification Reconciliation and Checking whether notification generated to client or not

• Shift hours 1:30 PM - 10:30 PM IST (should be flexible as per the business requirement)

This job description is not intended to be an exhaustive list of all duties, responsibilities and qualifications of the job.  The employer has the right to revise this job description at any time.   You will be evaluated in part based on your performance of the responsibilities and/or tasks listed in this job description.   You may be required perform other duties that are not included on this job description. The job description is not a contract for employment, and either you or the employer may terminate employment at any time, for any reason, as per terms and conditions of your employment contract.

We are an equal opportunity employer with a commitment to diversity.  All individuals, regardless of personal characteristics, are encouraged to apply.  All qualified applicants will receive consideration for employment without regard to age, race, color, national origin, ancestry, sex, sexual orientation, gender, gender identity, gender expression, marital status, pregnancy, religion, physical or mental disability, military or veteran status, genetic information, or any other status protected by applicable state or local law.