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BNP Paribas is looking for a Associate – Fund Accounting to join the team in Chennai.
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 in charge of preparation of task involved in NAV delivery and reconciliations
· Acquire complete understanding of NAV Calculation & its related functions with different parties involved. For example: Custody, TA, Pricing, Corporate Actions, etc.
· Become a SME (Subject Matter Expert) of the process by acquiring complete understanding of NAV Calculation Processing over all funds & instrument types.
· Ensure all reconciliation breaks in TA, Cash & Stock are validated and justified for each calculated NAV.
· Guarantee 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. Secure 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 Key/Standard Operating Procedures for each process and fund/ customer 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.
· Secure 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. Run the leaves appropriately.
· Guarantee 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 know-how with fellow team members.
· Ensure Participation in CSR & Other engagement initiatives
Technical & Behavioral Competencies
· Capacity to communicate with others in a clear, articulate fashion.
· Good written and oral communication competencies.
· Good listening and questioning ability.
· Be able to express ideas productively in individual and group situations
· Capacity to plan work ahead and to prioritize workload.
· Aptitude to work in an organized manner.
· Must have attention to detail.
· Generate creative solutions to problems.
· Always look for ways to upgrade services and processes.
· Be able to adapt to markets and customer’s evolution.
· Be able to work in shifts as per business expectations
· Grasp of systems – Multifonds, Hi-Portfolio, Bloomberg etc. and basic Microsoft Office functions is an advantage
· Exposure to implementation of artificial intelligence tools to support high productivity
· The applicant should uphold high level of compliance on conduct topics
Specific Qualifications:
Accounting/Commerce
Competencies Referential (Required grasp, capabilities and abilities)
Technical Competencies:
Behavioral Abilities:
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 key player in international banking. It operates in 65 countries and has nearly 185,000 employees, such as more than 145,000 in Europe. The Group has core positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialized businesses among them BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional customers. Based on its robust diversified and integrated model, the Group helps all its client organisations (individuals, community associations, entrepreneurs, SMEs, corporate and institutional customers) 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 over 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 solid 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, empowering 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 throughout the Group. Driving innovation and development, we are harnessing the potential of over 10000 employees, to give support and build 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 opening 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 customers and the communities we operate in. As a global Bank, we truly believe that inclusion and diversity of our teams is core to our success in serving our client organisations and the communities we operate in.
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.