Associate Fund Accounting

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 across the Group. Driving innovation and growth, we are harnessing the potential of over 10000 employees, to provide support and develop best-in-class solutions.

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, including 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 specialised businesses including 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 strong diversified and integrated model, the Group helps all its clients (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 across 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 strong 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, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability.

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 opportunity 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 clients and the communities we operate in.

About Business Line/Function

Team performs Fund Accounting for various clients across several locations with 24 x5 coverage. The process includes Transactions input, Reconciliation, Fund valuation, Cash processing, Reporting & Transfer Agency with intraday deadlines. Accurate and timely reporting of NAV to the end client is the key objective of the team.

Job Title

Associate – Fund Accounting

Date

Department:

IFSO

Location:

Chennai

Business Line / Function

FUND ACCOUNTING

Reports To

(Direct)

Assistant Manager

Grade

(if applicable)

Junior Level

(Functional)

Assistant Manager

Number Of Direct Reports

Directorship / Registration:

Position Purpose

We are looking for an ambitious fresh mind to provide support to the fund accounting department by managing daily NAV calculation and support function tasks. You will be part of a team of professionals working to maintain accounting books of Mutual funds.

Responsibilities

Direct Responsibilities

• Acquire complete understanding of NAV Calculation & its related functions with various parties involved. For example: Custody, TA, Pricing, Corporate Actions, etc.
• Become a SME (Subject Matter Expert) of the process by acquiring complete knowledge of NAV Calculation Processing & Review across all funds & instruments types.
• 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.
• Adhere to Quality SLA of 98% & above while processing NAVs.
• Be proactive in resolving queries and escalate immediately to the supervisor on any issues/queries/escalations.
• Participate in preparation of Key/Standard Operating Procedures for each process migrated to Chennai.
• Consistently evaluate the documented procedures to ensure they are complete, accurate and up to date.
• Carry out other ad-hoc duties may arise from time to time, mainly on month ends & year ends.
  
  

Contributing Responsibilities

• Monitor the respective group mail box and respond quickly to the queries.
• Adhere to timeliness and quality as stated in SLA.
• Ensure there is NO Financial impact/loss to the organization.
• 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.
• Ensure to minimize the unplanned leaves, especially during business critical days, like month end, rollover days and migration of new funds.
• Should come up with minimum one process improvement/automation initiative per quarter.
• To share the process/product knowledge with fellow team members.
  
  

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

Accounting/Commerce

Skills

Skills Referential

Behavioural Skills:

Attention to detail / rigor

Ability to collaborate / Teamwork

Communication skills - oral & written

Client focused

Transversal Skills

Ability to understand, explain and support change

Ability to develop and adapt a process

Ability to develop and leverage networks

Analytical Ability

Ability to inspire others & generate people's commitment

Education Level

Bachelor Degree or equivalent

Experience Level

Beginner