Who We Are – MassMutual India
Since 1851, MassMutual’s commitment has always been to help people protect their families, support their communities, and help one another. Therefore, we want to inspire people to Live Mutual. We at MassMutual value diversity and inclusion. We’re people helping people
A career with us means you will work alongside exceptional people and be empowered to reach your professional and personal goals. Our employees are the foundation of what makes MassMutual a strong, stable, and ethical business. We seek and value unique and varied perspectives and experiences because we believe we are stronger when all voices are heard. We invite you to bring your bright, innovative ideas to MassMutual as we continue to help millions of Americans rely on each other.
Together, we’re stronger.
Job Description
Job title
Reconciliation & Cash Oversight Analyst, Hyderabad – Team Member
Position description
- Daily reconciliation of IBOR Cash and Asset positions vs Custody
- Allocation of exceptions to relevant responsible parties
- Liaison with relevant internal departments to ensure exception resolution
- Daily publishing of Cash balances
- Escalation of high value and aged items to Management
Department name
Reconciliation and Cash Oversight, Hyderabad
Supervisor
Reconciliation Team Leader, Hyderabad
Location
Hyderabad, India
Key responsibilities and accountabilities
- As a member of the Reconciliation and Cash Oversight team you will be responsible for the daily review of cash and position reconciliation exceptions for your allocated accounts.
- You will be responsible for the publishing of cash balances, within the agreed deadlines. You will escalate any instances where deadlines are under threat.
- You will be responsible for assigning reconciliation exceptions to the relevant responsible party and following up with them to ensure that exceptions are cleared within agreed timeframes.
- In performing your duties, you will work closely with both internal partners (including, but not restricted to, Portfolio Management, Public & Private Operations) and relevant external parties (including Global Custodians) to ensure timely and accurate resolution of reconciliation exceptions.
- You will follow the processes and controls set out by team management.
- Once fully trained, you will demonstrate credibility with a proven competency and knowledge of the related operational activities, as well as drive efficiency and accuracy to reduce risk in our processes.
Goals
- Execution of accurate and timely daily cash and position reconciliations, ensuring tasks are prioritized accordingly to meet processing deadlines.
- Ensuring that cash reconciliation exceptions are resolved on a timely basis, and that high value items are escalated to Management as appropriate.
- Work closely with business partners to provide daily operational support relating to cash and position exceptions.
- Identification of risk issues and escalation to your team leader.
- Develop strong relationships with the HK, UK and US teams and other relevant 3rd parties e.g., Custodians, to ensure smooth workflows and enhance the output of the team.
Knowledge, skills and abilities
Mandatory
- Good understanding of cash and position reconciliation processing.
- Good understanding of operational risks and controls
- Experience with Aladdin desirable.
- Analytical ability to evaluate the root causes of the problems
- Able to manage heavy workload, understand urgency, multitask and prioritize to meet deadlines
- Strong teamwork ethic whilst also having the ability to function with some direction from your team leader, challenge yourself to learn new things and continually improve
- Effective communication skills, both written and verbal particularly when escalating issues to the APAC / EMEA and US teams.
- Exposure to different asset classes like Equities, bonds, FX, Loans etc.,
- Understanding of different post trade activities like trade processing, settlements, corporate actions/income processing and how they are related to reconciliations would be an added advantage.
Education and experience
- Any graduation/post-graduation.
- 2+ years’ experience in financial services
- Recent experience of Reconciliations and Trade Input
- Recent and relevant experience in Trade Operations
Application Requirements
- Aladdin
- Custody / Administrator Portals
Support Hours
08:00 - 17:00 UK /
09:00 - 18:00 HK
Will require coverage for all Global APAC / EMEA / US working days.
Why Join Us?
We’ve been around since 1851. During our history, we’ve learned a few things about making sure our customers our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products, and services. To accomplish this, we celebrate an inclusive, vibrant, and diverse culture that encourages growth, openness, and opportunities for everyone. A career with MassMutual, Great Place to Work® certified and India's Best Workplaces in BFSI 2023 - Top 50 organization means you will be part of a strong, stable, and ethical business with industry leading pay and benefits. And your voice will always be heard.
Does this sound like a great fit? Apply today!
