Associate - Bank Reconciliations

Job Description

About the opportunityDepartment DescriptionBanking, Reconciliations & Control (BRC) is responsible for the receipt and payment of monies to / from investors / intermediaries and the reconciliation of cash and stock positions for Fidelity s European based funds and FundsNetwork fund supermarket business. In addition, BRC includes the processing of fund distributions, tax & interest accrual processing and various other control related activities for Customer Services.The successful candidate, as a member of the BRC team will be responsible for supporting the growth of the BRC activities based in the India Service Centre. This role is responsible for ensuring that appropriate client money regulations and controls on customer assets are adhered to and best practice standards are maintained across all activities, particularly in the protection of customer assets and client monies.Purpose of your roleThe Bank reconciliations department is a part of the Banking, Reconciliations & Controls (BRC) group. The department is responsible for daily reconciliations of client money & settlement bank accounts. They are also responsible for daily reconciliation of client money as well as various corporate ledgers. Reconciliation activities are performed on client money strategic system Autorek, GFAS and spreadsheet. A delay in the reconciliations may lead to regulatory incidents and may not reflect a true and fair view of the financial statements of the company. The team plays a key role in the delivery of month end and financial year ends from a reconciliation s perspective. The team is also involved in liaising with multiple teams across various locations for resolution of reconciliation discrepancies.Key ResponsibilitiesBank Reconciliations is responsible for the daily reconciliation of the Client Money and Settlement Bank Accounts within the regulatory timeframe. They are also responsible for the daily reconciliation of the client money and corporate ledgers. The team plays a key role in the delivery of month end and financial year ends from a reconciliation s perspective. The role of an associate will also include ensuring integrity between various systems on which client data/postings are generated & stored i.e. GFAS & JDE.
• Daily Reconciliations of all bank accounts and control ledgers, including Automated and Manual reconciliations.
• Ensuring timely money movements across client and settlement bank accounts to address any shortfalls /surpluses and thus avoiding client money incidents.
• To maintain and update ledgers, including recording of appropriate reasons for outstanding items over a set of period including ongoing investigations and clearance of ageing items.
• To create correcting journals / cashbook keyings for reconciliation purposes.
• To investigate & follow up on outstanding items with other departments within BRC (Cashmatch, CBU, Controls & Settlements etc) as well as other departments in UK, Luxembourg, Germany, Hong Kong, etc.
• Produce reconciliation reports of outstanding items and their aging, also including action steps for resolution.
• To be flexible enough to work beyond the normal working hours as per the business requirements for cent percent achievement of the deliverables.
• To provide various month end reports and reconciliation summary to assist Finance with their month end reconciliations and preparation of Financial statements.
Experience and Qualifications Required
• B.Com or an equivalent bachelor s degree from a recognised university.
• Strong analytical skills with attention to detail.
• To be able to prioritise and organise effectively to ensure deadlines are met.
• Demonstrates a high level of commitment to improving customer service / processes internally.
• Excellent communication skills.
• Good computer skills with knowledge of MS Word, Excel and Power Point.
• A flexible approach with an ability to work with other departments in the organisation.
• Ability to remain highly motivated and focused towards the key measurements.
• Team player who is also self-motivated and can work independently.
• Adaptable to changing business needs a team player with a flexible approach and the ability to multi-task.
• Energetic & enthusiastic and a supportive and proactive team player.
About you About Fidelity InternationalFidelity International offers investment solutions and services and retirement expertise to more than 2.56 million customers globally. As a privately-held, purpose-driven company with a 50-year heritage, we think generationally and invest for the long term. Operating in more than 25 locations and with $783.6 billion in total assets, our clients range from central banks, sovereign wealth funds, large corporates, financial institutions, insurers and wealth managers, to private individuals.Our Workplace & Personal Financial Health business provides individuals, advisers and employers with access to world-class investment choices, third-party solutions, administration services and pension guidance. Together with our Investment Solutions & Services business, we invest $567 billion on behalf of our clients. By combining our asset management expertise with our solutions for workplace and personal investing, we work together to build better financial futures.Our clients come from all walks of life and so do we. We are proud of our inclusive culture and encourage applications from the widest mix of talent, whatever your age, gender, ethnicity, sexual orientation, gender identity, social background and more. We are a disability-friendly company and would welcome a conversation with you if you feel you might benefit from any reasonable adjustments to perform to the best of your ability during the recruitment process and beyond.We are committed to being a truly flexible employer, encouraging and trusting our people to perform their role in the way that works best for them, our business, our colleagues and our clients. We offer the maximum possible flexibility over where and when you work for all, considering your role and any local regulations. We call this new approach dynamic working.Find out more about what we do, our history, our new approach of dynamic working and how you could be a part of our future at https://careers.fidelityinternational.com/about-usApplying to this Job Role: Please note you are only required to upload your CV/Resume to the application screen.,

Keyskills :
customer serviceasset managementcentral banksclient moneycash bookcomputer skills