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Associate -Data Migration - ( Fund Accounting)

Mumbai Mumbai Maharashtra, Maharashtra, India
Competitive Salary
Closing date
May 20, 2024

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Job Role
Contract Type
Full Time
Job Description
The Team:

The Data Migration team is part of the Product Support organization that plays a critical role in the initial set up and configuration of new clients onto the Enfusion platform. The Data Migration Team is responsible for migrating the clients portfolio from an existing vendor platform to Enfusion platform.

The Role:

The Data Migration position will cover booking all the trades/tax lots/positions, pricing of securities, calculation P&L, booking non trading accruals, bringing cash balance in line and tie-out the NAV to match the fund administrator. The objective of the Data Migration team member is to ensure that when the client starts trading out of Enfusion system they have a clean P&L and NAV as a starting point.

What You'll Do:
  • Perform conversion projects for migrating clients data from their fund administrators or legacy systems to Enfusion software
  • Responsible for Trade/Position/Cash reconciliations
  • Identify and determine the root cause of breaks - performing the daily and monthly tasks related to P&L, Reconciliations and Financial Statements review
  • Processing Corporate Actions both mandatory and voluntary
  • Clear understanding of tax lot methodologies: FIFO, High Cost, Min Tax, processing manual Lot Unwinds, Options Assignments and Exercises, Swap Resets and FX Rolls
  • Perform monthly Trial Balance Reconciliations against fund administrator data and NAV validation
  • Regular status update on the projects
  • Be an SME and a point of contact for resolution of operational issues and work on ad-hoc client projects

What You'll Need:
  • Bachelors degree in Finance, Accounting, Economics, or related field
  • 1-4 years of experience in Middle/Back Office/Fund accounting role at a Hedge Fund, Prime Broker or Fund Administrator
  • Should have performed data/portfolio migration for hedge funds, asset management companies
  • Financial domain knowledge: Cash Equities, Foreign Exchange (FX), Listed and OTC Derivatives, Fixed income, Exotic and Structured Products.=
  • Hands on experience in reconciliations, processing corporate actions, accrual postings, GAV, NAV calculations
  • Understanding of reference data, trade capture, corporate actions, P&L calculations.
  • Experience in Geneva, EZE, VPM, Bloomberg, Reuters will be an added advantage
  • Detail-oriented and analytical
  • Ability to handle and prioritize multiple tasks and work independently.
  • Excellent verbal and written communication skills
  • Must be flexible to work in all three shifts APAC, EMEA, US
Job ClassificationIndustry: BankingFunctional Area: BankingRole Category: Investment Banking, Private Equity & VC Role: Investment Banking AnalystEmployement Type: Full timeContact Details:Company: EnfusionLocation(s): Mumbai

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