Job Title:  IFO-Infrastructure Others

Overview:
 
Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Wealth Management, Investment Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com
 
Nomura Services India, (Powai) supports Nomura’s businesses around the world. Powai’ s world class capabilities in trading support, research, information technology, financial control, operations, risk management and legal support have played a key role in facilitating Nomura’s global operations and are an integral part of Nomura’s global expansion plans. The Powai operation is a critical part of the platform to support the growth of Nomura’s global business.

Position Specifications:

Division                         :   Asset Management            

Function                       :   Product Control

Experience                    :   1-2 years

Education                     :   Accounting               

Shift Timings                 :   04.00pm to 1.00am

Role & Responsibilities of the team in brief:
 

The candidate will be aligned to NCRAM Product control team of the Asset Management Division. The team primarily supports US office in area of Product Control. Primary responsibilities related to this role are as follows:

.

• Management Fee review
  • Review and verify the Management fee calculation completed by the Fee tool.
  • Collate supporting documents including NAV statements, Investment Management agreement, and manual calculation of fee before final review and sign off.
  • Prepare Quarterly Management fee Invoices and annual performance fee calculation.
  • Daily reasonableness check to validate the revenue/expense and suspense account.
  • Review of Profit/Loss, Balance sheet reports and accounts payable.

• Other activities
  • Daily/Monthly Accrual – Preparation and maintenance of monthly accrual revenue & expense and recording on the accounting system.
  • Prepaid expenses management – Preparation and maintenance of Prepaid expenses incurred during the month and proper accounting allocation.

• Accounting Domain
  • Basic accounting journal entries and ledger knowledge
  • Input all payments and receipts that are reflected on the bank statement to the accounting system.
  • Daily reconciliation between both books and ensure accounting book matches bank book.

• Affiliate Billing
  • Review and verify the Invoices received from various affiliate engaged with entity.
  • Authenticate the invoice amounts, periods, service used and get appropriate approvals.
  • Post Purchase ledger entries to the accounting systems to record receipt of the Invoice
• Trading P&L
  • Record Proprietary and hedging related trading activity.
• Audit
  • Liaise with various counterparties (internal/eternal) in facilitating audit requests.

Key Skills:

• Experience within an institutional asset management environment is desirable
• Sound knowledge of accounting concepts
• Degree qualified with strong numeracy and analytical skills.
• Able to demonstrate a disciplined approach to their work, attention to detail and a willingness to investigate day to day issues arising.
• Be approachable in the department and flexible in exposure to a variety of duties
• Ability to plan and prioritize workload and work to deadlines
• Good Communication skills
• High level of accuracy and attention to detail

Equal Opportunity Employer:
 
Nomura is an equal opportunities employer. We are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees (including promotion, transfers, assignments and beliefs). We prohibit discrimination in the workplace whether on grounds of gender, marital or domestic partnership status, pregnancy, career’s responsibilities, sexual orientation, gender identity, race, color, national or ethnic origins, religious belief, disability or age. Our objective is to attract job applications and applications for development from the best possible candidates and to retain the best people.