Requisition Id : 1555908

As a global leader in assurance, tax, transaction and advisory services, we hire and develop the most passionate people in their field to help build a better working world. This starts with a culture that believes in giving you the training, opportunities and creative freedom. At EY, we don't just focus on who you are now, but who you can become. We believe that it’s your career and ‘It’s yours to build’ which means potential here is limitless and we'll provide you with motivating and fulfilling experiences throughout your career to help you on the path to becoming your best professional self.

The opportunity : Assistant Manager-National-Assurance-ASU - FAAS - Financial&AccountingAdv - Mumbai

ASU - FAAS - Financial&AccountingAdv :

Assurance’s purpose is to inspire confidence and trust to enable a complex world to work. We do so by protecting and serving the public interest, promoting transparency, supporting investor confidence and economic growth and fostering talent to provide future business leaders. We help clients by:

1) Ensuring their accounts comply with the requisite audit standards

2) Providing a robust and clear perspective to audit committees and

3) Providing critical information for stakeholders.

Our Service Offerings include External Audit, Financial Accounting Advisory Services (FAAS), IFRS & US GAAP conversion, IPO and other public offering, Corporate Treasury - IFRS 9 accounting & implementation support etc.

Your key responsibilities

Technical Excellence

Fund accounting at PE funds:

Strong experience in preparation of fund financial statements under Indian GAAP, IFRS or US GAAP
Strong experience in delivery of month end PnL & NAV in an accurate and timely manner.
Strong experience in preparation of NAV Pack & Investor Allocation.
Experience in booking of daily journal entries, management fee calculation, accrued expenses reimbursement calculations, valuation of investments, financial and investor report preparation, and ad hoc reporting.
Strong experience in performing process capital calls and distributions and waterfall distributions.
Ensure that proper accounting policies, procedures, and internal controls are maintained to safeguard the assets of the company and to ensure that all financial transactions are recorded in accordance with GAAP standard (Indian GAAP, IFRS or US GAAP)
Perform middle office functions including P&L analysis, daily cash projections, calculations of FX transfers required for funding, checking client's contributions & redemptions etc.
Review general ledger exceptions. Identify cause and make necessary adjustments.
Responsible for accruing daily or monthly non-security related accruals including management fees and financing accruals.
Perform daily and monthly securities pricing analysis.
Review and test the control process on a regular basis to deliver the quality service to clients.
Create checklist for the process to ensure completeness, accuracy, and timeliness.
Interact with client service teams to ensure timely and accurate communication of relevant financial information to clients. Coordinate internal audits and follow up with responsible parties.

Regulatory reporting at banks:

Business Analyst in Liquidity reporting and capital adequacy reporting, specifically covering Liquidity Coverage Ratio (LCR), Net Stable funding Ratio (NSFR), UK PRA110 reporting and EU COREP reporting covering own funds, RWA, credit risk and operational risk reporting.
Strong knowledge and understanding of derivative products used across global banks along with its application
Experience in Banking and relevant Regulatory Systems like Axiom, Murex etc.
Experience with creating BRDs, Test Cases, Design documents
Well versed with SIT/UAT testing and securing sign-off
Knowledge of JIRA / Quality Centre or a similar tool will be an advantage

Skills and attributes

To qualify for the role you must have
Qualification

BCOM, MCOM, MBA Finance or CA

Experience

Stakeholder management, communication and expectation management – with a strong focus on good programme governance, risk / issue management, and status reporting / escalation where required.
Strong interpersonal and communication skills, both written and verbal.
Portfolio Accounting, Partnership Accounting and Investor Reporting
Possess a strong knowledge of fund operations, including valuation, accounting, and payment procedures.
Well versed with regulatory reporting for banks as indicated above
Knowledge on SQL
Exceptional Excel and Power point skills
Proficient in interrogating databases via SQL queries Understanding of cloud technology is desirable.
High degree of accuracy, ability to multitask.
An ability to work under pressure and an ability to cope with increased workloads at month-end.
An ability to learn, master and use bespoke fund accounting platforms to provide managed services to our AIF and PE clients in India.
Collaborative, quick learner, adaptable, enjoy solving problems and possess a strong work ethic.

What we look for

People with the ability to work in a collaborative manner to provide services across multiple client departments while following the commercial and legal requirements. You will need a practical approach to solving issues and complex problems with the ability to deliver insightful and practical solutions. We look for people who are agile, curious, mindful and able to sustain postivie energy, while being adaptable and creative in their approach.

What we offer

With more than 200,000 clients, 300,000 people globally and 33,000 people in India, EY has become the strongest brand and the most attractive employer in our field, with market-leading growth over compete. Our people work side-by-side with market-leading entrepreneurs, game- changers, disruptors and visionaries. As an organisation, we are investing more time, technology and money, than ever before in skills and learning for our people. At EY, you will have a personalized Career Journey and also the chance to tap into the resources of our career frameworks to better know about your roles, skills and opportunities.

EY is equally committed to being an inclusive employer and we strive to achieve the right balance for our people - enabling us to deliver excellent client service whilst allowing our people to build their career as well as focus on their wellbeing.

If you can confidently demonstrate that you meet the criteria above, please contact us as soon as possible.

Join us in building a better working world. Apply now.