Associate - Hedge Fund Accounting

Role overview

This position sits within the ISO function in fund accounting and administration. The role is focused on fund accounting operations and production, with responsibility for the daily delivery of mutual fund net asset value (NAV) outputs.

Key responsibilities

• Handle daily fund accounting operations, including the production of mutual fund NAVs.
• Build a strong working understanding of the full NAV lifecycle and related controls so the role can support checker and preparer activities effectively.
• Act as a subject matter expert for the process, including detailed knowledge of NAV calculation, processing, and review across multiple fund and instrument types.
• Make sure NAV calculations are completed within SLA timelines and that NAV packs are complete, accurate, and delivered on time, including reports, scanning, and archiving.
• Review and validate all reconciliation differences in TA, cash, and stock for each NAV calculation.
• Keep KPI performance in the green at all times.
• Prepare key procedures and standard operating procedures for each process.
• Regularly review documented procedures to keep them complete, correct, and current.
• Set work priorities and investigate discrepancies with care and proper due diligence.
• Support month-end, year-end, and other ad hoc activities as needed.
• Review critical queries before they are sent, and ensure any issue or error is fully analysed before responding to clients, internal teams, or other parties.
• Confirm that reports are carefully reviewed and that the latest information is always used.
• Keep colleagues informed about any changes or new events that affect BAU activity, and escalate relevant issues proactively to AVPs.
• Identify training needs and ensure team members at maker level receive the training required to perform their tasks.
• Take part in daily huddles and weekly team meetings.
• Help build subject matter expertise within the team and ensure backup coverage is available during absences.
• Maintain 100% quality while preparing and reviewing NAVs.
• Ensure the organisation does not suffer any financial loss or impact.
• Maintain the incident tracker and register all internal findings in the checker role.
• Enforce full compliance with ISAE 3402 requirements and complete daily sample testing with documented results.
• Ensure exception-handling procedures are in place, documented, researched, resolved, and reviewed in a timely manner; keep client specifications clearly documented.
• Identify manual steps and process gaps, suggest practical improvements, and contribute to automation efforts.
• Reduce unplanned leave, especially during critical business periods such as month end, year end, rollovers, and new fund migrations.

Additional responsibilities

• Monitor the team mailbox and respond promptly to queries.
• Meet timeliness and quality requirements defined in the SLA.
• Support the team as a backup checker when required.
• Continuously look for ways to improve process efficiency.
• Share process and product knowledge with team members.
• Participate in CSR and other engagement initiatives.
• Investigate process discrepancies carefully and thoroughly.

Technical and behavioural competencies

• Clear communication with colleagues and stakeholders.
• Strong teamwork and collaboration.
• Good written and verbal communication skills.
• Active listening and strong questioning ability.
• Ability to present ideas clearly in both one-to-one and group settings.
• Good planning and prioritisation skills.
• Well-organised approach with the ability to manage multiple tasks.
• High attention to detail and a rigorous working style.
• Creative problem-solving mindset.
• Continuous focus on improving services and processes.
• Flexibility to adapt to market and client changes.
• Willingness to work in shifts based on business needs.
• Exposure to systems such as Multifonds, HI-Portfolio, Bloomberg, and advanced Microsoft Office tools is beneficial.
• Understanding of fund accounting concepts such as unit pricing, incentive/performance fees, swing pricing, hedging, and fund structures is advantageous.
• Exposure to artificial intelligence tools for productivity improvement is beneficial.
• High standards of conduct and compliance are expected.

Qualifications and experience

A bachelor’s degree or equivalent is required, preferably in accounting or commerce. The role calls for at least 3 years of experience in fund accounting. Strong knowledge of fund accounting processes and the NAV cycle is essential, along with the ability to develop and adapt processes, support change, use analytical thinking, and motivate others with ideas and initiative. Behaviourally, the role requires strong attention to detail, teamwork, sound decision-making, and a client-focused approach.

About the organisation

The hiring organisation is BNP Paribas, a major international banking group with a broad presence across commercial and personal banking, investment and protection services, and corporate and institutional banking. BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA and operates delivery centres in Bengaluru, Chennai, and Mumbai as a 24x7 global delivery centre supporting business lines across the group.

Diversity and inclusion

The organisation is committed to maintaining a workplace that values diversity, inclusion, equal opportunity, and respect for all employees and applicants, regardless of gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, disability, or veteran status.

Location note

The source content mentions both Mumbai, Maharashtra, India and Chennai. No relocation or remote-working arrangement is specified beyond onsite work.