Alternative Fund services - Hedge Fund Services - Development & Change - Team Leader - Bangalore
JPMorgan Chase
Bangalore, Karnataka
Permanent
Full-time
13 days ago
502 Associate - Alternative Fund Services - Onboarding Data Migration JPMorgan Fund Services delivers an extensive solution for Hedge Fund, Mutual Fund and Funds of Fund clients seeking independent administration and custody services or to outsource their day-to-day operations. The goal of Onboarding is to migrate or launch a Client's business onto the JPM business platform.Onboarding teams for each JPM service are required to perform tax lot and balance sheet establishment at a point in time, reconciliation to third party records incorporating accounting and ledger functions, most low-to-medium complexity operational functions, and low-to-medium complexity data analysis functions. Reporting to the Onboarding VP, you will be responsible for the following: General Provide a premier client service by building a strong relationship with the investment manager and any other third parties. Understand the theoretical and technical nature of fund administration and middle office functions. Ensure all scheduled work is completed by agreed deadlines, checklists are signed and files contain all required information prior to closing an event and filing. Flag any potential service delivery issues as early as possible, escalate with other team members and manager. Adhere to deadlines, communicate delays to manager and ensure work is completed as expected. Ensuring all controls and procedures are complied with suggesting procedural changes to manager. Assist manager in dealing with ad-hoc tasks. Duties Complete data migrations for HFS on the fund accounting platforms. Analyse and translate existing Client and Administrator data to match JPM standards and workflows. Work closely with Valuation and Data Administration teams to initialize Asset Universe and value positions ensuring proper representation. Complete nav to nav reconciliations to third party administrator identifying, investigating and documenting any differences. Identify methodology differences to third party administrators. Liaise with Trade Capture, Pricing, Data Administration, Dividends/Corporate Actions, Reconciliation & Control, and Portfolio Accounting groups regarding take-on open issues. Setup portfolio reference data which includes Fund, Custodian account, Executing broker, strategy and checklist for new and incremental business. Ensure all Onboarding-related issues are resolved timely and in full agreement with Operations. Maintaining issue log for both internal and external parties. Requirements: Post-graduate/ MBA in Finance with 3-4 years of experience with financial product analysis or client services Prior experience in Hedge Fund services is preferred with Alternatives product exposure/ experience and how they operate. Solid working knowledge of fund administration systems and NAV delivery process. Product knowledge of Listed, OTC and Bank loan security. Solid knowledge of fund structures and products. Good knowledge of MS Excel & Word Good knowledge of either the Wins or Geneva accounting platform Excellent communication skills both oral and written Professional and proactive approach to work Strong organisational skills, concern for quality, accuracy and working to deadline Team oriented
