Assistant Manager - Investments Operations

Role description

Join Tata AIA Life Insurance, a leading and fastest-growing life insurance provider in India, established in 2001 as a joint venture between Tata Sons Pvt. Ltd. and AIA Group Ltd. Our company embodies a legacy of trust, integrity, and excellence, combining Tata's esteemed leadership with AIA's extensive pan-Asian expertise. At Tata AIA, our vision is to be the pre-eminent protection provider enabling dreams and inspiring healthier, happier lives.

We foster a culture of innovation, inclusivity, and continuous learning, offering dynamic career growth opportunities and a supportive work environment. Recognized as a 'Great Place to Work' and recipient of the Kincentric Best Employer Award, we are committed to employee satisfaction and holistic well-being. Our core value, 'People - Our Core,' emphasizes our dedication to inspiring our employees to be and deliver their very best. Our aim is to attract, hire and develop highly capable leaders who are just, fair, ethical, and accountable for their actions. We strive to provide our employees with the right training, technology, equipment, resources, and guidance to perform their job effectively. Our promise to you is to provide for a diverse, equitable, and inclusive work environment, where each employee is valued as an individual and treated with respect, care, and compassion.

Fuel your future with us, find your wings, and S.O.A.R. - Shape opportunities, Optimize your potential, Accomplish meaningful work, and Reap holistic growth.

A Position Overview

Position Title

Assistant Manager - Investments Back Office

Department

Investments Operations

Level / Band

Assistant Manager - 301

• Role Summary :
• Ensure smooth working of Investments Cash Flows, Banking & Settlement, Fund Accounting and declaration of daily NAV.
• Understanding of Regulatory and Internal guidelines related to settlement of trades across all assets classes viz., G Sec, Corporate Debt, Equity, MMI and other instruments
• SAP Investment Management System (IMS) -
• Settlement of all types of trades within system and with counterparties
• Addressing day to day Banking & Accounting requirements and
• New Development / enhancement with successful completion of UAT testing
• Month / Quarter end activities and accounting
• MIS, Reporting and Analytical.

B Organizational Relationships

Reports To

AVP - Investments Operations

Supervises

Junior members of Investments Operations team (normally 3-4 officials)

C Job Dimensions

Geographic Area Covered

National

Stakeholders - Internal

Fund Managers, Finance & Accounts, Operations, IT, Risk and Actuarial Department for Investments Operation activities.

External

Banks, Custodian, Counterparties & Auditors and System Vendor

D Key Responsibility Areas

1) Prime responsibility would ensure smooth working of Investment Back Office - from morning Cash Flows to daily EOD activities

2) Ensure compliance of all regulatory and internal guidelines on day-to-day basis related to deal settlement for all type of assets classes

3) Updation and implementation of SOP Back Office

4) Managing various Investments Audits and ensure its smooth closures with Nil observation

5) Liaising with Banks, Custodian, Auditors & Vendors

6) Strengthening of MIS and share its analytical & data / MIS for Board and its Committees

7) Carrying out month / quarter end accounting & Investment schedules

8) Ensure smooth working of Investment System and carrying out UAT for new requirements.

9) Grooming team members

E Skills Required

Technical

Behavioral

Essential

Desired

Interpersonal skills

Communication skills

Creative thinking skills

Supervising / Leadership skills

Teamwork Skills

Influencing skills

Relationship Building skills

Decision making skills

Essential

Desired

Qualification

Chartered Accountant (CA)

Advanced Excel Skills and writing Macros is desirable

Experience

Experience of 2-3 years in Life Insurance industry

Others

Understanding of Concurrent Audit Checklist - as per Technical Guide issued by ICAI in consultation of IRDAI

Skills Required

Advanced Excel Skills, Writing Macros