Sr Subject Matter Expert-Reconciliation

undefined ago • 9 Years +

Job Summary

Job Description

In this role, you will be part of a talented and efficient Fund Services team that works on mission-critical projects within middle and back-office operations. You will manage various accounting and operational processes on behalf of our global client base while maintaining transparent communication with our clients and their fund administrators and trading counterparties.
Must have:
  • Manage accounting and operational processes for global clients.
  • Perform daily reconciliation of trades, positions, and cash.
  • Resolve reconciliation breaks and communicate with third parties.
  • Handle T+0 trade affirmation, clearing, and settlement.
  • Manage cash, collateral, corporate actions, and position lifecycle events.
  • Conduct position, P&L, and Trial Balance Reconciliations against Fund Administrators.
  • Manage non-trading accruals and expense schedules.
  • Execute shadow accounting at various fund and investor levels.
  • Improve operational efficiencies and ensure department compliance.
  • Develop and track operational KPIs.
  • Automate processes for risk mitigation and scalability.
  • People management experience (2-5 members).
  • Experience with diverse financial products (Structured Products, MBS, CDS, IRS, TRS, Bank Loans, CFDs).
  • Strong Fund Accounting experience.
  • Proficiency in Microsoft Excel and Word.
  • Willingness to work APAC and EMEA shifts.
Good to have:
  • MBA preferred or relevant graduate degree from top-tier institution or similar academic / professional experience

Job Details

Job Summary:

In this role, you will be part of a talented and efficient Fund Services team that works on mission-critical projects within middle and back-office operations. You will manage various accounting and operational processes on behalf of our global client base while maintaining transparent communication with our clients and their fund administrators and trading counterparties.

Responsibilities

  • Adapt to challenges and opportunities within the Outsourced MBO line of business, including a 24-hour delivery cycle with various shifts.
  • Drive an enhancement of our client’s experience by providing visionary guidance for the department's products and offerings.
  • Design optimal workflows and standards for facilitating client deliverables across:

A) Middle Office:

  • Daily reconciliation of trades, positions, and cash against Prime Brokers, FCMs, ISDA Counterparties, and Custodians
  • Proactive break resolution and communication for reconciliation breaks. Responding to break resolution emails from 3rd parties
  • T+0 trade affirmation.
  • Facilitating clearing and settlement of trades across asset classes.
  • Cash and collateral management
  • Processing of corporate action events
  • Processing of position lifecycle events

B) Back-Office:

  • Position, P&L, and Cash Reconciliation against Fund Administrators
  • Trial Balance Reconciliations against Fund Administrators
  • Booking and maintenance of non-trading accrual and expense schedules
  • Break resolution and Fund Admin communication for reconciliation issues
  • Shadow accounting at the fund, share class, series, and investor levels
  • Maintain and improve operational efficiencies across the organization
  • Ensure the smooth, effective operation of the department including:
  • Successful on boarding of new MBO Services clients
  • Compliance to all accounting and operational procedures
  • Proper daily product and service delivery
  • Escalation and resolution of high exposure items
  • Maintaining client satisfaction
  • Develop and track operational KPIs for the line of business in accordance with objectives for the line of business as well as client SLAs
  • Assist with improving and automating existing processes to mitigate risk and increase scalability
  • Proactively monitor and manage capacity and help with forecasting in this area

Required Skills

  • People Management Experience-Should have managed a small team- 2 to 5 members
  • Should have worked with various financial products such as Structured Products, MBS, CDS, IRS, TRS, Bank Loans, CFDs etc.
  • Fund Accounting experience
  • Proficient in the use of Microsoft Excel and Word
  • Ability to handle and prioritize multiple tasks and work independently
  • Willing to work in shifts including APAC and EMEA.

Education and Experience:

  • MBA preferred or relevant graduate degree from top-tier institution or similar academic / professional experience
  • 9+ plus years minimum experience in Middle/Back-Office support role at Hedge Fund, Fund Administrator or Prime Broker

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About The Company

Clearwater Analytics (NYSE: CWAN) is the leading provider of web-based investment portfolio accounting, reporting, and reconciliation services for institutional investors at thousands of organizations.


Clearwater aggregates, reconciles, and reports on more than $6.4 trillion in assets across thousands of accounts daily. Our clients include corporate treasuries, insurance companies, investment managers, banks, governments, and other institutional investors both in the United States and worldwide.


For more than a decade, we have leveraged web-based software and world-class client service to help clients such as American Family Insurance, Arch Capital, C.V. Starr & Co., Cisco, Facebook, Oracle, Selective Insurance, Sirius Group, Sompo International, Starbucks, WellCare Health Plans, Wilton Re, and many others, streamline their investment and accounting operations. Clearwater also works with hundreds of custodians, investment managers, dealers/brokers, and electronic trading portals who offer Clearwater to their many clients.


With global headquarters in Boise, Idaho, and offices in Edinburgh, Frankfurt, London, New Delhi, New York, Paris, Seattle, Singapore, and Washington D.C., Clearwater sets the new global standard for investment portfolio reporting.

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