Principal Global Services Hiring: Explore Opportunities as a Portfolio Reconciliation Analyst – Apply Now!

December 22, 2023 Tushar S.

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About Principal Global Services :

cc PGS excels in delivering solutions in finance, insurance, and customer support, offering clients top-tier business support. Renowned for its excellence and a global reach, Principal Global Services remains a reliable partner for businesses in need of high-quality outsourcing services.

Job Overview :

Job Title: Portfolio Reconciliation Analyst

Location: Pune, India

Job Description :

Job Responsibilities:

As a Portfolio Reconciliation Analyst, your main role involves reconciling accounts, solving issues, and collaborating with internal and external teams.
You’ll need a good understanding of concepts such as Market Value Reconciliations, SSIs, Trade Life Cycle, and OTC Derivatives Products (e.g., Interest Rate Swaps, Credit Default Swaps).
Your hands-on experience with the Trade Settlement process for various financial instruments is crucial, and you should possess in-depth knowledge of monitoring failed trades, settlement processes, and pre & post-settlement activities.

Qualifications:

Bachelor’s degree or equivalent in accounting, finance, economics, or business.
2 to 4 years of work experience in investment/mutual fund operations or a related field.
Good understanding of Capital Markets and Investments banking.
Analytical, problem-solving, interpersonal, and communication skills are required.

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Additional Responsibilities:

Identify and resolve issues related to client data, trade breaks, reconciliation breaks, timely trade settlement, failed trades, and SSI updates.
Prepare reports and maintain controls according to internal policies and client needs.
Interface with internal and external teams, including senior operations staff, IT team, Trade Support, custodians, and portfolio managers to obtain information and resolve problems.
Strengthen relationships with internal and external personnel, such as senior operations members, IT team, custodians, and industry contacts, to educate, seek direction, obtain information, and resolve problems.
Ensure accurate and timely completion of accounts, conduct appropriate research on breaks, and develop a detailed understanding of inputs, dependencies, and data flow.
Develop an understanding of Principal Global Investors’ products, team procedures, and clients’ needs through self-initiated research, participation in available training programs, and involvement in ongoing investment activities.