Assistant Manager - Fund Accounting

Job Description

Job Title: Assistant Manager (IC role) – Fund Accounting 

Department: ISO

About Business line/Function: Fund Accounting/Administration

Position Purpose: Fund Accounting operation / production

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.
• 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.
• Ensure that the Reports are thoroughly reviewed and most updated information is provided.
• Updating required colleagues adequately on any changes/new events impacting BAU. You should be proactively escalating any relevant issues to AVP’s.
• Identifying the training requirements & ensure all the necessary training has been provided to the team members (maker level) to perform the relevant tasks.
• Participating in Daily Team huddles, Weekly Team meetings.
• Develop SMEs and ensure Back-up’s are created and in place during absenteeism.
• Adhere to Quality of 100% while producing & reviewing NAVs.
• Ensure there is NO Financial impact/loss to the organization.
• Maintain incident tracker, whereby all internal findings to be registered as a checker of funds.
• Enforce 100% compliance of ISAE3402. Carry out sample testing on daily basis & document the results.
• Ensure procedures are in place to effectively deal with exceptions and that they are reviewed, researched, documented and resolved in a timely manner. Client/ specifications (bespoke) are clearly documented.
• Identify the manual steps, process efficiencies & developments, by providing practical ideas on areas of improvement & work towards its automation. 
• Ensure to minimize the unplanned leaves, especially during business-critical days, like month end, Yearend. rollover days and migration of new funds (BI Events)

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

• 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:

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: Bachelor’s degree or equivalent

Location:  Chennai

Experience level: At least 7 years

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:

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

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.