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Associate- Fund accounting

2 - 5 yrs
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Not Disclosed by Recruiter Posted 30+ days ago Job Applicants: 407 Job Views: 570

Job Description

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    Job Description APAC

    Job Title:

    Associate Fund Accounting






    Business Line / Function:


    Reports to:

    • (Direct)

    Assistant Manager


    (if applicable)

    Junior Level

    • (Functional)

    Assistant Manager

    Number of Direct Reports:


    Directorship / Registration:

    Position Purpose

    A Mutual

    Fund Accountant is primarily responsible for all aspects of day- to- day

    accounting for one or more assigned mutual

    funds and/ or institutional

    funds. Major

    Responsibilities: Prepare timely and accurate Net Assets Values, distributions, and other

    fund accounting output for subsequent review


    Direct Responsibilities

    •Prepare timely and accurate Net Assets Values, distributions, and other fund accounting output for subsequent review.

    •Record accurately, and in accordance with the Department policies and procedures, such accounting records as securities positions, corporate actions related, and journal entries.

    •Reconcile various accounts, or reviewing reconciliations prepared by others, and promptly researching and correcting any variances.

    •Identify exceptions and problems affecting accounting records and prices, communicating same to management, and assisting in their resolution

    • Acquire complete understanding of NAV Calculation & its related functions with various parties involved. For example: Custody, TA, Pricing, Corporate Actions, etc.

    •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.

    •Carry out other ad- hoc duties may arise from time to time, mainly on month ends & year ends.

    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.

    •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 (if required)

    •Demonstrated analytical skills

    •Demonstrated organizational skills

    •Ability to work under pressure

    Skills Referential

    Behavioural Skills: (Please select up to 4 skills)

    Attention to detail / rigor

    Ability to collaborate / Teamwork

    Communication skills - oral & written

    Client focused

    Transversal Skills: (Please select up to 5 skills)

    Ability to understand, explain and support change

    Ability to develop and adapt a process

    Choose an item.

    Choose an item.

    Choose an item.

    Education Level:

    Bachelor Degree or equivalent

    Experience Level


    Other/ Specific Qualifications (if required)

Salary: Not Disclosed by Recruiter

Industry: Banking, Financial Services, Broking

Functional Area: Financial Services , Banking , Investments , Insurance

Role Category:Mutual Funds/Fund Management/Asset Management

Role:Operations Manager

Employment Type: Permanent Job, Full Time


Desired Candidate Profile

    Please refer to the Job description above


UG: Any Graduate

PG:Post Graduation Not Required

Company Profile:

BNP Paribas

BNP Paribas has had a presence in India for over 150 years having established its first branch in Kolkata, in 1860. With this unparalleled experience of the Indian market, it is among the leading corporate banks in the country. Through its branches in eight key cities Mumbai, Delhi, Kolkata, Chennai, Hyderabad, Bangalore, Ahmedabad and Pune BNP Paribas offers sophisticated solutions in its three core businesses Corporate and Institutional Banking, Investment Solutions and Retail Banking many of them in association with strong local partners
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