Job Description

Fund Accounting - Subject Matter Expert
This document outlines the responsibilities and requirements for a Senior Individual Contributor and Subject Matter Expert within the Fund Accounting team. This role plays a crucial part in ensuring the accuracy of fund valuation data for various downstream processes.
Responsibilities:

• Reconciliation Expertise:

• Possess deep understanding and expertise in cash, securities, and unit reconciliation processes.
• Independently investigate and resolve complex discrepancies, including unmatched cash and stock differences between internal records and custodian statements.
• Proactively identify and analyze reconciliation breaks, determining root causes and implementing effective solutions.
• Maintain up-to-date knowledge of corporate actions, SWIFT messages, custody statement formats, and their impact on reconciliation.
• Possess the ability to perform manual reconciliations when necessary, demonstrating a comprehensive understanding of the underlying principles.

• Data Analysis & Process Improvement:

• Leverage analytical skills to identify trends, patterns, and potential risks within reconciliation data.
• Develop and implement process improvements to enhance efficiency, accuracy, and control within the reconciliation function.
• Contribute to the design and testing of new technologies and system enhancements related to reconciliation processes.
• Proactively identify and mitigate operational risks, ensuring compliance with regulatory requirements and internal control standards.

• Stakeholder Management & Collaboration:

• Collaborate effectively with internal stakeholders, including Fund Accounting team members, Operations, Technology, and Compliance, to resolve issues and drive process improvements.
• Communicate clearly and concisely with external stakeholders, such as custodians and clients, to resolve reconciliation discrepancies and address inquiries.
• Provide guidance and mentorship to junior team members, sharing expertise and best practices in reconciliation.

• Subject Matter Expertise:

• Serve as a subject matter expert on reconciliation processes, providing guidance and support to the team and stakeholders.
• Stay abreast of industry best practices, regulatory changes, and emerging trends in reconciliation.
• Contribute to the development and delivery of training materials and knowledge-sharing sessions related to reconciliation.

Requirements:

• Experience:

• Minimum of 4+ years of hands-on experience in Fund Accounting Operations, with a strong focus on reconciliation processes.
• Proven track record of independently investigating and resolving complex reconciliation breaks.
• Experience working with various financial instruments, including equities, fixed income, and derivatives.
• Should have experience in Alladin experience

• Technical Skills:

• Advanced proficiency in Microsoft Excel, including data analysis and reconciliation tools.
• Familiarity with industry-standard reconciliation systems and applications.
• Strong understanding of accounting principles and their application to investment operations.

• Personal Attributes:

• Excellent analytical and problem-solving skills.
• Strong attention to detail and commitment to accuracy.
• Ability to work independently and as part of a team.
• Excellent communication and interpersonal skills.

• Desirable Qualifications:

• Bachelor's degree in Accounting, Finance, or a related field.
• Relevant industry certifications (e.g., CFA, CAIA).

• Willing to work on flexible shifts

This role presents an exciting opportunity for a highly motivated and experienced individual to make a significant impact within a dynamic and growing team.
Job Family Group: Operations - Transaction Services
Job Family: Fund Accounting
Time Type: Full time
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
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