Senior Manager Reconciliation

ABOUT US:

As a world leading provider of integrated solutions for the alternative investment industry, Alter Domus (meaning “The Other House” in Latin) is proud to be home to 90% of the top 30 asset managers in the private markets, and more than 6,000 professionals across 24 jurisdictions. 

With a deep understanding of what it takes to succeed in alternatives, we believe in being different - in what we do, in how we work and most importantly in how we enable and develop our people. Invest yourself in the alternative, and join an organization where you progress on merit, where you can speak openly with whoever you are speaking to, and where you will be supported along whichever path you choose to take. 

Find out more about life at Alter Domus at careers.alterdomus.com  

Job Description:

Reporting to the Head of Client Delivery India, you will play a pivotal role in building, leading, and driving AD Reconciliation team in Hyderabad, India. This role will focus on growing and developing a team responsible for reconciliation functions globally and across a variety of client relationships. The successful candidate will collaborate closely with the North America operations team and support our global business groups.

Key responsibilities include:

• Provide leadership and direction for the reconciliation team, ensuring alignment with organizational goals and client needs.
• Develop and execute comprehensive business plans for the reconciliation function, incorporating both short-term and long-term objectives.
• Oversee the end-to-end reconciliation process, including the identification, research, and resolution of breaks.
• Ensure accurate and timely completion of all reconciliation activities, maintaining high standards of data integrity and compliance.
• Develop and implement strategic initiatives to enhance reconciliation efficiency, accuracy, and scalability.
• Deliver cost-effective reconciliation solutions and drive continuous improvement in processes and systems.
• Manage a broad spectrum of reconciliations, including cash, positions, transactions, and NAV (Net Asset Value) reconciliations.
• Handle reconciliations for various financial instruments, including equities, fixed income, derivatives, and alternative investment products.
• Ensure comprehensive coverage of all reconciliation types, from daily cash reconciliations to complex portfolio reconciliations.
• Lead projects related to reconciliation system upgrades, process automation, and portfolio onboarding.
• Implement and manage reconciliation technology platforms, ensuring seamless integration with internal and external data sources
• Coordinate the development and maintenance of information interfaces (APIs) to automate and streamline reconciliation processes
• Ensure proper testing, implementation, and documentation of reconciliation technology solutions
• Develop robust procedures for break identification, research, and resolution to maintain the integrity and accuracy of reconciliations Implement effective controls to promptly address and resolve reconciliation breaks, minimizing risk and operational disruption. Collaborate with relevant internal and external stakeholders to investigate and resolve complex reconciliation issues.
• Grow the reconciliation teams by providing training, development opportunities, and mentoring to cultivate talent.
• Foster a collaborative and high-performance culture within the team.
• Collaborate with senior leadership to develop and execute business plans and objectives for the reconciliation function
• Establish and maintain Service Level Agreements (SLAs) with internal and external customers.
• Establish and maintain meaningful Key Performance Indicators (KPIs) for internal/external customers, enabling them to run their businesses more efficiently.
• Establish and maintain procedures and controls to support global compliance requirements.
• Ensure robust control environments are in place to support accurate and timely reconciliations.
• Regularly review and update reconciliation procedures to adhere to regulatory changes and industry best practices.
• Maintain exposure to a wide range of reconciliation types and methodologies, staying abreast of industry trends and developments.
• Prepare and present detailed reconciliation reports to senior management and other stakeholders, highlighting key metrics and resolution status.
• Utilize data analysis and reporting tools to provide insights and recommendations for process improvements.

Profile:

• Bachelors or Masters degree in a business-related field.
• 15+ years of experience in the financial services industry and operations, with significant experience managing multi-disciplinary teams.
• Strong understanding and experience with data reconciliation, including manual and automated processes.
• Advanced working knowledge of alternative investment products, including cash flows for CLOs/Private fund administration (Capital Calls, Distributions, Cash/Position Reconciliations)
• Working knowledge of Power BI, Microsoft SQL, and database management.
• Proficiency in Microsoft Office Suite, particularly in Excel, for data analysis and reporting.
• Advance working knowledge of alternative investment portfolio administration platforms (Sentry, Solvas or similar)

Leadership & Behavioural Competencies:

• Excellent written and verbal communication skills.
• Exceptional organizational and time management skills.
• Ability to create and work in a high-volume, collaborative, deadline-driven environment.
• Budgeting experience at the division level or higher.
• Exceptional communication and interpersonal skills, adept at engaging with C-level executives and high-profile clients.
• Strong understanding of global financial services regulations and technology trends.
• Excellent judgement and commercial acumen, influencing and acting with confidence with diverse and challenging stakeholders.
• Proven track-record of working autonomously in a matrixed organisation and demonstrate strong partnering skills, using them to build internal networks to achieve your objectives.
• Possess intellectual curiosity and a global mind-set, flexing your style accordingly and operating with agility and tenacity.
• Possess personal learning agility and an ability to adopt and champion new skills and ways of working to role model and inspire others.
• Demonstrate a strong commitment to high integrity and ethics.
• Manage competing demands, actively prioritizing and remaining calm under pressure while navigating complexity and challenges with confidence and resilience.
• Drive, monitor and maintain a culture of compliance and risk control.
• Demonstrate a strong commitment to high integrity and ethics.
• Hands-on leader capable of taking on a wide range of tasks with humility and flexibility.

Key Relationships:

• COO Leadership Team
• Regional Execs, Business Unit Leaders and Country Executives
• Clients & Prospective clients (C-Level down to business heads)
• Finance, Legal & Compliance, Risk Management, IT and Human Resources.

#LI-CS1

WHAT WE OFFER

We are committed to supporting your development, advancing your career, and providing benefits that matter to you. 

Our industry-leading Alter Domus Academy offers six learning zones for every stage of your career, with resources tailored to your ambitions and resources from LinkedIn Learning. 

Our global benefits also include:

• Support for professional accreditations such as ACCA and study leave 
• Flexible arrangements, generous holidays, plus an additional day off for your birthday!
• Continuous mentoring along your career progression 
• Active sports, events and social committees across our offices 
• 24/7 support available from our Employee Assistance Program 
• The opportunity to invest in our growth and success through our Employee Share Plan 
• Plus additional local benefits depending on your location 

Alter Domus is an Equal Opportunity Employer: Equity Statement
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status. 

(Alter Domus Privacy notice can be reviewed via Alter Domus webpage: https://alterdomus.com/privacy-notice/)

#LI-HYBRID