Ameriprise India | Sr Cash Analyst

Responsibilities

• You’ll also have plenty of opportunities to make your mark at the office and a difference in your community.
• Ensure timely and accurate cash reconciliation and reporting for the Portfolio management teams.
• Interact with Portfolio Managers and Portfolio Manager Assistants to provide overdraft monitoring and notification to these teams.
• Perform reconciliations and cash posting on Aladdin, which involves reconciling custodian and accounting records to the Aladdin application.
• Monitor and notify Portfolio Managers and Portfolio Manager Assistants of overdraft notifications and resolution.
• Work with Portfolio Management teams to resolve any actual and projected cash related questions.
• Research and resolve reconciliation differences between custodian, accounting, and the Aladdin application.
• Perform position reconciliations of holdings for cash sweeps, comparing balances to the cash balances.
• Provide coverage for operational processing activity across other Investment Operations teams during peak periods.
• Provide support for various projects for the Product and Sales teams, along with Compliance and other departments.
• Ensure procedures and controls are followed to prevent errors and delays.
• Provide expertise for testing of systems, generate ad-hoc reports, and assist in miscellaneous projects, as needed, for enhancements or regulatory requirements.
• Process time Deposit rolls.
• Process improvement and automation mindset

Requirements

• Ability to work independently, as well as collaborate with cross-functional teams.
• Understanding of: Equities, Fixed Income, and Money Market products, Portfolio cash flows, Corporate actions, Fund accounting, NAV impacts, Regulatory and compliance requirements.
• Strong understanding of financial markets and investment operations is highly desirable in asset management environments.
• Experience on Investment accounting or Cash Reconciliations.
• Strong Excel skills (Pivot Tables, Power Query, VBA preferred).
• Experience with trading tools, like Black rock Aladdin.
• Strong analytical and problem-solving abilities.
• Ability to lead projects and mentor junior analysts.
• Excellent communication and presentation skills.

Ameriprise Financial

Ameriprise Financial traces its roots to 1894, when John Tappan founded Investors Syndicate. The business later became IDS, was bought by American Express in 1984 and ran as American Express Financial Advisors until it was spun off in 2005 as an independent company listed on the New York Stock Exchange (ticker AMP). Headquartered in Minneapolis, Ameriprise is known mainly for financial planning and advice, alongside asset management under the Columbia Threadneedle Investments brand. Its wholly owned Indian subsidiary, Ameriprise India LLP, was set up in 2005 in Gurugram and later added offices in Noida and Hyderabad. Teams there support the group's businesses in the US and the UK.

Finance roles at Ameriprise India are based in Gurugram and Noida. They span cash management (cash analysts and senior cash analysts), controllership, private and hedge fund accounting, international indirect tax, support for the group's financial advisers, and finance transformation work that brings AI tools into finance processes. The postings ask for a finance or accounting qualification, usually a B.Com or BBA, and some prefer or require an MBA in Finance; others accept a graduate or postgraduate degree in finance, commerce, business management or operations.

• Industry: Financial services: financial planning and advice, wealth management and asset management (Columbia Threadneedle Investments)
• Headquarters: Minneapolis, Minnesota, United States (Ameriprise Financial, Inc.)
• In India: Ameriprise India LLP, a wholly owned subsidiary set up in October 2005, with offices in Gurugram, Noida and Hyderabad