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Job Title: Associate– Fund Accounting
Department: ISO
About Business line/Function: Fund Accounting
Position Purpose: Fund Accounting operation / production
Responsibilities: Daily Operations (Delivery of Daily Net Asset value of Mutual funds)
Direct Responsibilities
· Associate will be tasked with preparation of task involved in NAV delivery and reconciliations
· Acquire complete understanding of NAV Calculation & its related functions with several parties involved. For example: Custody, TA, Pricing, Corporate Actions, etc.
· Become a SME (Subject Matter Expert) of the process by acquiring complete know-how of NAV Calculation Processing spanning all funds & instrument types.
· Guarantee all reconciliation breaks in TA, Cash & Stock are validated and justified for each calculated NAV.
· Secure NAV calculations are produced in a timely manner as per SLA. Completeness of NAV packs include accurate report generation, timely delivery of reports, document and evidence controls.
· Adhere to Quality & Timeliness as per SLA. Ensure No Material or financial Impact.
· Be proactive in resolving queries and escalate immediately to the supervisor on any issues/queries/escalations.
· Participate in preparation / updation of Main/Standard Operating Procedures for each process and fund/ client specification
· 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.
· 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. Oversee the leaves appropriately.
· Secure to minimize the unplanned leaves, especially during business-critical days, like month end, Yearend, rollover days and migration of new funds or BI events
· Should come up with minimum one process improvement/automation initiative per year
· To share the process/product grasp with fellow team members.
· Guarantee Participation in CSR & Other engagement initiatives
Technical & Behavioral Competencies
- Be able to express ideas efficiently in individual and group situations
- Must have attention to detail.
- Exposure to implementation of artificial intelligence tools to support high productivity
- The jobseeker should uphold high level of compliance on conduct topics
Specific Qualifications:
Accounting/Commerce
Abilities Referential (Required understanding, competencies and abilities)
Technical Abilities:
Behavioral Capabilities:
Education Level: Bachelor Degree or equivalent
Location: Mumbai/ Chennai
Experience Level: At least 3 years
About BNP Paribas Group:
BNP Paribas is the European Union’s leading bank and main player in international banking. It operates in 65 countries and has nearly 185,000 employees, covering 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 such as 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 sound diversified and integrated model, the Group helps all its customers (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 spanning several Mediterranean countries, Turkey, and Eastern Europe. As a main player in international banking, the Group has leading platforms and business lines in Europe, a robust 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, equipping it to contribute to the construction of a sustainable future, while guaranteeing 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 over the Group. Driving innovation and progress, we are harnessing the potential of over 10000 employees, to offer support and create 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 prospect 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 main 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 customers and the communities we operate in.
Based in Mumbai, this Associate– Fund Accounting role is part of BNP Paribas.
Eligibility typically includes the qualifications and experience outlined in the job description above, with around 0-5 Years years of relevant experience expected for this role.
The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a Associate– Fund Accounting at BNP Paribas.
This role requires around 0-5 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.
Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.
You can apply directly using the Apply Now button on this page, which will take you to BNP Paribas's application process for this role.