Accounting Manager
Russell Investments
Reporting To:
Director, Finance, IndiaShift:
EMEA (1:30 pm - 10:30 pm IST) (India)About Russell Investments, Mumbai:
Russell Investments is a leading outsourced financial partner and global investment solutions firm providing a wide range of investment capabilities to institutional investors, financial intermediaries, and individual investors around the world. Building on an 90-year legacy of continuous innovation to deliver exceptional value to clients, Russell Investments works every day to improve the financial security of its clients. The firm is “Top 12 Ranked Consultant (2009-2024)” in P&I survey 2024 with $906 billion in assets under advisement (as of December 31, 2024) and $331.9 billion in assets under management (as of March 31, 2025) for clients in 30 countries. Headquartered in Seattle, Washington in the United States, Russell Investments has offices around the world, including London, New York, Toronto, Sydney, Tokyo, Shanghai – and has opened a new office in Mumbai, India in June 2023.
Joining the Mumbai office is an incredible opportunity to work closely with global stakeholders to support the technology and infrastructure that drives the investment and trading processes of a globally recognized asset management firm. Be part of the team based out of Goregaon (East) and contribute to the foundation and culture of the firm’s growing operations in India. The Mumbai office operates with varying shifts to accommodate time zones around the world.
For more information, please visit https://www.russellinvestments.com.
Job Description:
Joining our Russell Investments Global Finance Department means you will be a part of a passionate and supportive team that believes what we do matters to our clients and investors. We rely on a meticulous financial operation to drive business forward. In this role, you will support the Global Accounting team by reviewing and approving a variety of journal entries and account reconciliations, providing analytic review of financial statement accounts, ensuring transactions are accounted for properly in the general ledger and subledger(s), assisting with finance projects as they occur, and assisting with internal and external audit requests. You will have both a day-to-day and ongoing impact on financial transactions, keeping us on track, on time, and on good terms with our valued partners.
This role offers you a unique opportunity where you will be sought out as leader to manage, perform and oversee the daily operations of associates as well as critical functional areas within the accounting department. You will have the opportunity to gain exposure to a broad range of complex accounting functional areas such as revenue recognition, allocations, intercompany transactions, multi-currency transactions, and more. We are proud to be an inclusive workplace that welcomes new ideas and perspectives and will expect your thought leadership.
A key component of the Global Accounting team is continued focus on analyzing all functions for process improvement, service enhancement, quality, and efficiency. A successful candidate will be highly motivated and will have the ability to adapt to a transforming work environment while continuing to provide performance management to a team, and manage multiple requests with competing deadlines. This candidate will need to be detail-oriented, work quickly and efficiently, as well as conduct business in a professional and organized manner.
Responsibilities
Guide the billing team and ensure accurate billing across various business and fee types
Ensure accuracy of AUM data used in billing; identify and establish data and accounting controls relevant to team processes
Lead and drive projects including transition of processes in a planned manner
Set up / guide the setting up of billing and revenue recognition for new areas of business in close partnerships with respective business, partnering business at various nodes and exceptions impacting billing or revenue recognition
Coordinate closely with other accounting streams to ensure an end-to-end process accuracy and excellence
Establish, track and improvise process KPIs
Ensure timely cash application, outstandings review and collections
Support internal and external auditors, through documentary support / relevant workings.
Functional Skills
Strong Understanding of Asset Based Fees, various fund fees and complex fee structures
Working knowledge of Fund / Investment structures, Fund categories including private market funds, Separately Managed Accounts
Ability to interpret complex fee agreements
Understanding of Revenue recognition principles, relevant corporate policies drafted as per US GAAP and experience in its applications
Strong understanding of accounting fundamentals, Familiarity with multi-currency transactions
Proficient understanding of US GAAP, IFRS a plus
Systems
Hands on experience of Report Billing systems (or similar) including client and account set ups, and billing calculation logics
Excellent skills on Ms Excel, BI / Database querying skills would be an added advantage
Management Skills
Ability to allocate and manage deliverables from a team of 4-6 members
Proven expertise on managing high performance teams as well as ensuring high levels of motivation
Strong Project planning and management skills
Excellent and proactive communications and expectation management skills
Qualifications and Experience
4-8 years of relevant industry experience with at least two years’ experience of team management
CA / Inter CA / Accounting graduate; Specialized qualifications in investment industry would be an added advantage.