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Assistant Manager – Fund Accounting role at BNP Paribas in Chennai, focusing on NAV calculations, reconciliations, and reporting.
Join a global bank’s fund accounting team and lead precise NAV processing, training, and process improvement initiatives.
About BNP Paribas India Solutions
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union’s leading bank with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 10000 employees, to provide support and develop best-in‑class solutions.
About BNP Paribas Group
BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability
Commitment to Diversity and Inclusion
At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.
About Business line/Function
Team performs Fund Accounting for various clients across several locations with 24 x5 coverage. The process includes Transactions input, Reconciliation, Fund valuation, Cash processing, Reporting & Transfer Agency with intraday deadlines. Accurate and timely reporting of NAV to the end client is the key objective of the team.
Job Title
Assistant Manager – Fund Accounting
Date
2024-10-18
Department
IFSO
Location
Mumbai
Business Line / Function
FUND ACCOUNTING
Reports to
(Direct)
Grade
(if applicable)
Number of Direct Reports
Directorship / Registration:
Position Purpose
We are seeking an experienced, detail-oriented senior accountant to join our growing organization. In this position, you will handle all accounting operations within the fund accounting department, verify transactions, reconciliation for cash balance and process and review net asset value of the funds administered by BNP Paribas. You must have a keen attention to detail and maintain account balances, financial statements, general ledger, and all reports.
Responsibilities
Direct Responsibilities
- - Acquire complete understanding of NAV Calculation & its related functions with various parties involved. For example: Custody, TA, Pricing, Corporate Actions, etc.
- - Become a SME (Subject Matter Expert) of the process by acquiring complete knowledge of NAV Calculation Processing & Review across all funds & instruments types.
- - Should be able to handle different types of instruments and understand their impact on NAV.
- - Ensure all reconciliation breaks in TA, Cash & Stock are validated and justified for each calculated NAV.
- - Ensure NAV calculations are produced in a timely manner as per SLA. Completeness of NAV packs includes accurate report generation, timely delivery of reports, scanning & archiving.
- - Support in preparation of Key/Standard Operating Procedures for each process migrated to Chennai.
- - Consistently evaluate the documented procedures to ensure they are complete, accurate and up to date.
- - Carry out other ad-hoc duties may arise from time to time, mainly on month ends & year ends.
- - Ensure review of critical queries before sent. Where issues/errors arise ensure detailed analysis of issues and clear understanding is gained before responding to client, spoke or other parties.
- - Identifying the staff training requirement & ensure all the necessary training has been provided to the team members to perform the relevant tasks
- - Contributing Responsibilities
Ensure ISAE3402 checks are understood and followed. 100% compliance is must for all NAV packs. - - Inform & document all errors identified during review stage within same day. Should take initiative in resolving any repetitive errors or training gaps.
- - Act as a back-up in the absence of other team members & Supervisor.
- - Identify the manual steps, process efficiencies & developments, by providing practical ideas on areas of improvements & work towards its automation.
- - Ensure to minimize the unplanned leaves, especially during business critical days, like month end, rollover days and migration of new funds.
- - Adhere to Quality of 100% while producing & reviewing NAVs.
- - Ensure there is NO Financial impact/loss to the organization.
Contributing Responsibilities
- - Ensure ISAE3402 checks are understood and followed. 100% compliance is must for all NAV packs.
- - Inform & document all errors identified during review stage within same day. Should take initiative in resolving any repetitive errors or training gaps.
- - Act as a back-up in the absence of other team members & Supervisor.
- - Identify the manual steps, process efficiencies & developments, by providing practical ideas on areas of improvements & work towards its automation.
- - Ensure to minimize the unplanned leaves, especially during business critical days, like month end, rollover days and migration of new funds.
- - Adhere to Quality of 100% while producing & reviewing NAVs.
- - Ensure there is NO Financial impact/loss to the organization.
Technical & Behavioral Competencies
Ability to communicate to others in a clear, articulate fashion.
Good written and oral communication skills.
Good listening and questioning ability.
- Be able to express ideas effectively in individual and group situations
Ability to plan work ahead and to prioritize workload.
Ability to work in an organized manner.
Must have an attention to detail
Generate creative solutions to problems.
Always looks for ways to improve services and processes.
Be able to adapt to markets and clients evolution.
Specific Qualifications
NAV calculation and review experience minimum of 2 year in the past
Skills Referential
Behavioural Skills:
- - Attention to detail / rigor
- - Ability to collaborate / Teamwork
- - Communication skills - oral & written
- - Client focused
Transversal Skills:
- - Ability to understand, explain and support change
- - Ability to develop and adapt a process
- - Ability to develop others & improve their skills
- - Ability to inspire others & generate people's commitment
- - Analytical Ability
Education Level
Bachelor Degree or equivalent
Experience Level
At least 3 years
Other/Specific Qualifications
NAV calculation and review experience minimum of 3 year in the past.