Subject Matter Expert Reconciliation ( Hedge fund )
WFA Digital Insight
As the demand for skilled reconciliation professionals in the hedge fund industry continues to rise, with a growth rate of 25% in the past two years, Clearwater Analytics is seeking a highly skilled Subject Matter Expert to join their team. With a strong background in middle and back-office operations, the ideal candidate will have a deep understanding of financial products and a proficiency in Microsoft Excel. What sets this role apart is the opportunity to work with a talented team on mission-critical projects, while maintaining transparent communication with clients and fund administrators. Before applying, candidates should be aware of the importance of proactive break resolution and the ability to handle multiple tasks independently.
Job Description
About the Role
The Subject Matter Expert Reconciliation role at Clearwater Analytics is a critical position within the Fund Services team, responsible for managing various accounting and operational processes on behalf of the company's global client base. Day-to-day, this entails working closely with the middle and back-office teams to maintain seamless operations and ensure transparent communication with clients, fund administrators, and trading counterparties. As a key member of the team, the successful candidate will be part of a talented and efficient group that works on high-priority projects, requiring strong attention to detail and the ability to prioritize multiple tasks.The role is based in India and offers the opportunity to work with a leading company in the financial services sector. The team is dynamic, and the company culture values innovation, teamwork, and excellence. The ideal candidate will be a self-motivated individual who is willing to work in shifts, including EMEA hours, and has a strong passion for delivering exceptional results in a fast-paced environment.
What You Will Do
- Perform daily middle office trades, position, and cash reconciliations
- Booking of corporate actions, option exercise/assignment
- Daily reconciliation of equity SWAPs, ISDA position recs, and month-end booking of stock borrow and swap financing P&L at position level
- Daily reconciliation of position, P&L, and cash balances
- Set up and booking of non-trading accruals and expenses
- Shadow fund accounting
- Monthly trial balance reconciliation (NAV) against fund administrators
- Proactive break resolution
- 3rd party communication related to break resolution
What We Are Looking For
- Experience in a middle/back-office support role at a hedge fund, fund administrator, or prime broker
- Strong understanding of various financial products such as structured products, MBS, CDS, IRS, TRS, bank loans, CFDs
- Fund accounting experience
- Proficient in Microsoft Excel and Word
- Ability to handle and prioritize multiple tasks and work independently
- Willing to work in shifts, including EMEA hours
- Bachelor's degree in accounting, finance, business, mathematics, sciences, or another related field
- 5-8 years of directly applicable experience in reconciliation, accounting, or finance
Nice to Have
- Experience with trade affirmation/confirmation processes
- Knowledge of ISDA agreements and their applications
- Familiarity with regulatory requirements in the financial services sector
Benefits and Perks
- Competitive salary package
- Opportunity to work with a leading company in the financial services sector
- Collaborative and dynamic work environment
- Professional development opportunities
- Flexible working hours and remote work options
- Access to cutting-edge technology and tools
- Comprehensive benefits package, including health insurance and retirement plans
How to Stand Out
- Ensure your Excel skills are up-to-date, as proficiency in this tool is crucial for the role.
- Highlight any experience you have in middle or back-office operations, especially in a hedge fund or similar financial institution.
- Be prepared to provide examples of how you have handled multiple tasks and prioritized your workload in previous roles.
- Familiarize yourself with the common financial products and instruments used in the industry, such as structured products and derivatives.
- Show a willingness to learn and adapt to new systems and processes, as the company uses various tools and technologies.
- Practice your problem-solving skills, as proactive break resolution is a key part of the role.
- Make sure your resume and cover letter are tailored to the specific requirements of the job, highlighting relevant skills and experience.
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