Associate - Fund Accounting

Overview

The Associate in Fund Accounting is responsible for daily operational tasks associated with the preparation and delivery of Net Asset Values (NAV) for mutual funds. This role requires comprehensive understanding of NAV calculation processes, coordination with various stakeholders such as custody, transfer agents (TA), pricing, and corporate actions teams, and ensuring timely and accurate completion of NAV reports.

Key Responsibilities

• Prepare and manage all activities related to NAV delivery and reconciliations.
• Develop expert knowledge in NAV calculation processes and related functions across different funds and instrument types.
• Validate and resolve reconciliation differences in transfer agent data, cash, and stock for each NAV calculated.
• Ensure timely generation and delivery of NAV packs with accurate reports, documentation, and evidence controls adhering to service level agreements (SLA).
• Maintain quality standards to avoid any material or financial discrepancies.
• Proactively handle queries and escalate unresolved issues to supervisors promptly.
• Assist in creating and updating standard operating procedures (SOPs) tailored for each process and client specifications.
• Perform additional ad-hoc duties, especially during month-end and year-end periods.

Additional Contributions

• Monitor and respond promptly to queries received via group mailboxes.
• Comply fully with ISAE 3402 checks for all NAV packs.
• Provide backup support during colleagues' absences and manage leave schedules effectively.
• Minimize unplanned leaves, particularly during critical business periods like month-end, year-end, fund rollovers, and system migrations.
• Initiate at least one process improvement or automation project annually.
• Share process and product knowledge with team members.
• Participate actively in corporate social responsibility (CSR) and other organizational engagement initiatives.

Technical and Behavioral Competencies

• Clear and effective verbal and written communication skills.
• Strong listening and questioning capabilities.
• Ability to convey ideas both individually and in groups.
• Good organizational skills with the ability to prioritize tasks.
• Attention to detail and thoroughness in work.
• Creative problem-solving skills and a drive to improve processes.
• Adaptability to market changes and client needs.
• Willingness to work in shifts as required by business needs.
• Familiarity with systems like Multifonds, Hi-Portfolio, Bloomberg, and proficiency in basic Microsoft Office applications is advantageous.
• Exposure to implementing AI tools to enhance productivity is beneficial.
• High standard of compliance with conduct and regulatory policies.

Educational and Professional Background

Applicants should possess a Bachelor's degree or an equivalent qualification in Accounting, Commerce, or related fields. Prior experience of at least three years in fund accounting or related roles is required.

About BNP Paribas

BNP Paribas is a major banking institution in the European Union with a strong international presence. Operating across 65 countries with nearly 185,000 employees globally, the Group's activities span commercial and personal banking, investment and protection services, as well as corporate and institutional banking. The Group emphasizes sustainable development and corporate social responsibility in its business operations.

About BNP Paribas India Solutions

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, delivering services across Corporate and Institutional Banking, Investment Solutions, and Retail Banking sectors. With centers in Bengaluru, Chennai, and Mumbai operating 24/7, the company employs over 10,000 people to support and innovate within the global BNP Paribas network.

Commitment to Diversity and Inclusion

BNP Paribas is dedicated to fostering a diverse and inclusive work environment that values every employee's individuality. The organization strictly prohibits discrimination and harassment and promotes equal opportunity employment irrespective of gender, identity, ethnicity, age, disability, veteran status, or other personal characteristics. This commitment is considered essential for the company's success and client service excellence worldwide.