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Assistant Manager (Fund Accounting) – Lead NAV calculations, review and process automation at BNP Paribas India Solutions, Chennai.
Drive 100% compliance (ISAE 3402), multi-fund handling, and team development in a dynamic banking environment.
Basic Information
Job Title: Assistant Manager (IC role) – Fund Accounting
Department: ISO
About Business line/Function: Fund Accounting/Administration
Position Purpose: Fund Accounting operation / production
Responsibilities
Responsibilities: Daily Operations (Delivery of Daily Net Asset value of Mutual funds)
Direct Responsibilities
Role will require good understanding of NAV Life cycle and controls to ensure the fitment for Checker role along with preparer of funds.
Need to be a SME (Subject Matter Expert) of the process with complete knowledge & understanding of NAV Calculation Processing & Review across variety of funds & instrument types.
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.
Ensure all reconciliation breaks in TA, Cash & Stock are validated and justified for each calculated NAV.
Ensuring the KPI’s are always in Green.
Preparation of Key/Standard Operating Procedures for each process.
Consistently evaluate the documented procedures to ensure they are complete, accurate and up to date.
Prioritize the work and conduct investigation with due diligence on all the discrepancies.
Carrying out other ad-hoc duties may arise from time to time, mainly at month ends & year ends.
Contributing Responsibilities
· Monitor the respective group mailbox and respond quickly to the queries.
· Adherent to timeliness and quality as stated in SLA.
· Ensure there is NO Financial impact/loss to the organization.
· Ensure ISAE 3402 checks are understood and followed. 100% compliance is must for all NAV packs.
· Act as a back-up in the absence of other team members (Checkers)
· Continuously strive to improve the process and bring efficiency in the chain
· To share the process/product knowledge with fellow team members.
· Ensure Participation in CSR & Other engagement initiatives
· Conduct investigation with due diligence on all the discrepancies in processes
Technical & Behavioral Competencies
Technical & Behavioral Competencies
Ability to communicate with others in a clear.
Good team player skills
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 and multi-task.
- Must have meticulous attention to detail
Generate creative solutions to problems.
Always look for ways to improve services and processes.
Be able to adapt to markets and client’s evolution.
Be flexible to work in shifts as per business requirement.
Knowledge of systems – Multifonds, HI -Portfolio, Bloomberg etc. and advanced Microsoft Office functions is an advantage
Knowledge of fund accounting concepts like Unit Pricing, “Incentive / Performance” fee, Swing, Hedging, different Fund structures is an advantage.
- Exposure to implementation of artificial intelligence tools to support high productivity
- The candidate should uphold high level of compliance on conduct topics
Specific Qualifications
Specific Qualifications:
Accounting/Commerce
Minimum of 7+ years of experience in Fund Accounting
Skills Referential ( Required knowledge, skills and abilities)
Technical & Transversal Skills:
Expertise Knowledge of Fund Accounting business and NAV cycle
Ability to develop and adapt to a process
Ability to understand, explain and support change
Analytical Ability
Ability to inspire others & generate Ideas
Behavioral Skills:
Attention to detail / rigor
Ability to collaborate / Teamwork
Decision Making
Client focused
Education Level
Education Level: Bachelor’s degree or equivalent
Location
Location: Chennai
Experience level
Experience level: At least 7 years
About BNP Paribas Group
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 specialized 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, corporate 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.
About BNP Paribas India Solutions
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.
Commitment to Diversity and Inclusion
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. 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.