Job Description

:
Dated: Oct 09, 2024
A Position Overview
Position Title
Executive - Investments Operations - Back Office
Department
Investments Operations Finance & Accounts
Level/ Band
Senior Executive (CA Fresher / 1-2 years experience)
1. Role Summary:
a) Responsible for Banking, Settlement and Accounting of Investments activities; and facilitating Fund Management Team for decision making.
b) Needs to have basic understanding and keenness to learn about Capital Market - fixed income, money market and equity market - for settlement of trades including various Corporate Actions like dividends, bonus issue, right issue, split, merger and demerger etc.
c) Maintaining cordial relations with various Investments Auditors and Bankers.
d) Compliance of related guidelines of IRDAI, RBI, SEBI; and
e) Developing understanding about Interest Rate Derivatives, Equity Derivatives.
B Organizational Relationships
Reports To
AVP Investments Operations
Supervises
NA
C Job Dimensions
Geographic Area Covered
National
Stakeholders Internal
Fund Managers, Finance & Accounts, Operations, IT and Actuarial Department for Investments Operation activities.
External
Banks, Custodian, Counterparties & Auditors.
D Key Responsibility Areas
1) Cash Flow Management for Investment activities ensuring deployment of Funds prudently and reconciliations
2) Settlement of trades across various asset classes viz., Fixed Income securities, Money Market - Repo / TREPS, Equity, Mutual Fund / ETFs, SLB and Interest rate Derivate mainly FRA
3) Determine & Settlement of Margin requirements for Derivative trades and its accounting
4) Adhering to regulatory requirement of Banking, Settlement and Accounting for Investments Operations activities.
5) Participating in Primary market operations & settlement like IPOs, PE funds, anchor issues, ASBA FD's etc.
6) Ensuring smooth closures of Corporate Actions like Dividend, Bonus, Rights Issue, Merger / Demerger etc.
7) Daily Bank and Holding reconciliation
8) Complying with KYC norms with various agencies for trade executions.
9) Working on SAP IMS and needs to carry out UAT for enhancements of features & smooth functioning of SAP IMS
10) Preparing MIS / data and carrying Analytics
E Skills Required
Technical
Behavioral
Essential
Desired
Interpersonal skills

Communication skills

Creative thinking skills

Supervising/Leadership skills

Teamwork Skills

Influencing skills

Relationship Building skills

Decision making skills

F. Incumbent Characteristics
Essential
Desired
Qualification
CA (preferably in first attempt)
Advanced Excel Skill set is desirable
Basic understanding of Investments
Experience
CA Fresher / 1-2 years experience
About Company:
Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture company, formed by Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA). Tata AIA Life combines Tatas pre-eminent leadership position in India and AIAs presence as the largest, independent listed pan-Asian life insurance group in the world spanning 18 markets in the Asia Pacific region. Tata AIA Life has written retail new business weighted premium of Rs. 2,692 crore for the financial year 2019-20. For the same period, the 13th month persistency of the company was at 89.10% and, the individual death claims settlement ratio was 99.06%. One of the fastest growing companies in the Life Insurance sector, Tata AIA Life is now ranked at no. 5, based on individual weighted new business premium.