Assistant Manager - Equity Securities Accounting and Valuation

Job Overview

We are seeking an Assistant Manager to accurately handle accounting, settlement, and valuation of equity securities within various investment portfolios. The role involves preparing Management Information System (MIS) reports promptly and coordinating with auditors and diverse internal departments such as Accounts & MIS, Taxation, and Actuarial for smooth audit completion and precise financial reporting.

Work Environment and Challenges

• Understanding multiple system interfaces is essential to effectively perform daily tasks.
• Accuracy and timeliness are critical for settlement, accounting, and valuation, considering the complexity of systems and assets.
• Ensuring on-time reporting to support data validation during audits.

Key Responsibilities

• Perform timely and accurate equity settlements, including straight-through processing (STP) with custody and broker confirmations.
• Coordinate with equity brokers, dealers, and custody teams for trade settlements.
• Calculate margins payable and manage equity-related cash flows in cash flow projections.
• Create and maintain equity and broker master records.
• Ensure precise and prompt accounting of equity trades.
• Conduct mark-to-market (MTM) valuation of equity portfolios across multiple fund groups.
• Track and account for corporate actions affecting the equity portfolio.
• Daily verification of debt valuations and accounting to guarantee accuracy of Net Asset Values (NAVs) released.
• Prepare financial reports compliant with IRDA, Schedule VI, and IFRS standards.
• Compile daily, monthly, and yearly MIS reports, including To-be-Revived Policies reconciliation.
• Generate ad hoc investment MIS reports for IRDA, actuarial teams, front office, taxation, planning, and management as required.
• Coordinate with statutory, internal, and concurrent auditors ensuring seamless audit processes.
• Manage timely and accurate payment to vendors.
• Support projects by assisting in testing and implementation phases.