Lead Financial Rptg Analyst

  • Competitive
  • Mumbai, Maharashtra, India
  • Permanent, Full time
  • Franklin Templeton Investments
  • 27 Nov 17 2017-11-27

Franklin Templeton International Services India Pvt. Ltd (FTISPL) is the Indian Services wing of Franklin Templeton, one of the Top Global Investment Management Company committed to offering High Quality Products and providing outstanding services to our customers who are individuals, institutions, pensioners, trusts, partnership firms and other clients. FTISPL at Hyderabad offers various IT /Business related service and support. It stands as a key business enabler of world-wide operations for Franklin Templeton Investment. Our vision is to be a premier global investment management organization by offering high quality investment solutions, providing outstanding service and attracting, motivating and retaining talented individuals

JOB SUMMARY
  
The Fund Administration and Reporting (FAR) Lead Fund Analyst coordinates and leads the financial reporting process.  As part of the Fund Owner team, the Lead Fund Analyst will have responsibility for the most complex funds, and will be responsible for independently reviewing and analyzing all monthly, quarterly, semi-annual and annual financial reports for accuracy and ensuring that all reporting deadlines are met, for his/her group of funds.  The Lead Fund Analyst is responsible for monitoring and reporting to internal and external users financial data for his/her group of funds.  The Lead Fund Analyst will also have oversight responsibility for the work of the senior fund analysts, conduct needs assessment, provide training and development, and ensure appropriate workflow planning is completed for the senior fund analysts.
 
JOB RESPONSIBILITIES
 
Financial Reporting Responsibilities:

  • Review financial statements, performance data, and other reporting documents provided to internal and external customers for accuracy in accordance with local GAAP requirements and industry guidelines
  • Research and analyze various accounting disclosure requirements for new accounting pronouncements and new product types and make recommendations to management on reporting guidelines
  • Organize the year-end audit process and work with external auditors to resolve issues within the funds.  Respond to inquiries and act as a key contact between external auditors and NAC and FAR production groups
  • Analyze supporting schedules and reconciliations for the shareholder reports and for various regulatory filings for accuracy to ensure expected results.
  • Review required fund distribution calculations, taking into account local tax requirements
  • Analyze periodic expense analyses and budget accruals for accuracy and expected results.  Review and approve expense payments, as required.
  • Review portfolio analytics
  • Review various schedules on a periodic basis for the Board of Directors/Trustees and the Audit Committee
  • Other ad-hoc reporting as needed, per customer requests
  • Plans for business continuity events by supporting and participating in Business Continuity drills

 
Other Responsibilities:

  • Provide quality customer service to FAR customers by proactively servicing their needs, and overseeing “ad hoc” requests
  • Establish timing and monitor expectations for the collection of monthly/quarterly/yearly financial data to and from NAC and the FAR production teams and communicate regularly to improve coordination and hand-off of information
  • Participate and/or lead department projects as needed
  • Provide feedback on FAR policies and procedures with respect to financial reporting requirements
  • Follow all required key control steps in reviewing the work, participate in the development of internal control documentation, and perform regular due diligence and identification of risks
  • Understand and apply the key controls for the NAV calculation/review process and participate in regular due diligence meetings between NAC and FAR to understand changes in processes
  • Promote a “Global Team” culture within GFAD to leverage job knowledge and implement standard processes to promote consistency among GFAD locations

 
Staff Development Responsibilities:

  • Identify training needs and provide adequate training to the Senior Analysts.  Conduct and facilitate training as needed and provide constructive feedback for Senior Analyst development
  • Provide planning and support by reviewing and developing procedures and by scheduling work within team

 
QUALIFICATIONS
REQUIREMENTS:
KNOWLEDGE, EDUCATION, AND EXPERIENCE:

  • Bachelor’s degree in accounting or business with coursework in intermediate and advanced accounting
  • Requires four or more years of financial accounting experience with an emphasis on mutual fund accounting or financial administration and reporting required
  • Intermediate knowledge of investment business, including financial instruments, tax requirements, local regulatory environments, and GAAP accounting standards
  • Experience with automated financial systems, including a general ledger and financial reporting software, is required
  • Excellent knowledge of MS Excel and other Microsoft Office applications are required
  • At least two years experience in leading projects, mentoring, coaching, and leading a team

 
KNOWLEDGE, EDUCATION, AND EXPERIENCE (For International incumbent):

  • Bachelor’s degree in accounting or business with coursework in intermediate and advanced accounting
  • Financial accounting experience in mutual fund accounting or fund administration and reporting required
  • Intermediate knowledge of investment business, including tax requirements, market practices, local regulatory environments, financial instruments and GAAP accounting standards
  • Experience with automated financial systems, including a general ledger and financial reporting software, is required
  • Experience and/or knowledge of PE accounting and administration issues is strongly desirable as related to partnership allocation methodologies, management fee calculations, performance/”waterfall” calculations and allocations, private investments’ trade mechanics and tracking, special purpose vehicle (SPV) dynamics, master-feeder accounting and basic knowledge on private investments valuations.
  • Excellent knowledge of MS Excel and other Microsoft Office applications are required
  • Some experience in leading projects, mentoring, coaching, and leading a team

LICENSES AND CERTIFICATIONS:

  • An advanced degree in accounting or a CPA designation is strongly encouraged

We rely on attracting and retaining employees of exceptional quality. In addition, we work to instill a performance driven culture that reinforces accountability, innovation, and professional development. To reach these goals, Franklin Templeton Investments provides a comprehensive employment program that comprises a balanced work/life philosophy, competitive salaries and substantial employee benefits and services, including:

  • Professional development growth opportunities through in-house classes and over 150 Web-based training courses
  • An educational assistance program to financially help employees seeking continuing education
  • Medical, Life and Personal Accident Insurance benefit for employees. Medical insurance also cover employee’s dependents (spouses, children and dependent parents)
  • Life insurance for protection of employees’ families
  • Personal accident insurance for protection of employees and their families
  • Personal loan assistance
  • Employee Stock Investment Plan (ESIP)