Associate - NPS Fund Operations

Job Title: Associate - NPS Fund Operations

Location: Andheri (Mumbai)

Total Work Experience : 0-2 years of experience in NPS operations, mutual fund operations, pension funds, or institutional asset management.

Qualification : MBA (Finance) / Commerce Graduate

Key Skills Competencies

• Basic understanding of finance, accounting, and capital markets.
• Internship or project exposure in mutual funds, pension funds, or financial services
• Basic knowledge of NAV, securities, or fund accounting
• Strong attention to detail and numerical accuracy.
• Good analytical and problem-solving skills.
• Proficiency in MS Excel (formulas, pivot tables preferred).
• Good communication and documentation skills.
• Willingness to learn regulatory and operational processes

Job Responsibilities :

To support the day-to-day operations of NPS funds, including treasury support, NAV processing assistance, regulatory reporting, and audit coordination, while learning PFRDA regulations and pension fund operational processes.

1. Treasury Operations Management

• Assist in daily cash position tracking for NPS schemes (Tier I Tier II).
• Support trade settlement activities by coordinating with custodians and banks.
• Help process corporate actions (interest, dividends, maturity proceeds).
• Perform bank and custodian reconciliations under supervision.
• Maintain records related to inflows, outflows, and settlements.

2. NAV Process Support

• Assist in daily NAV computation activities and data validation.
• Support verification of security prices, accruals, and expenses.
• Help identify and report NAV exceptions or discrepancies.
• Ensure timely upload and archival of NAV-related reports.

3. Regulatory MIS Reporting

• Support preparation of daily, monthly, and quarterly reports as per PFRDA requirements.
• Assist in portfolio and NAV disclosures to CRA, Trustee Bank, and internal teams.
• Maintain MIS trackers, dashboards, and documentation.
• Ensure accuracy and timeliness of data shared with stakeholders.

4. Audit Compliance Support

• Assist during internal, statutory, and PFRDA audits.
• Help compile data, reports, and supporting documents for auditors.
• Track audit observations and support closure actions.
• Follow standard operating procedures (SOPs) and compliance guidelines.

5. Learning and Process Support

• Gain working knowledge of NPS structure, PFRDA regulations, and investment guidelines.
• Participate in process improvement initiatives and system enhancements.
• Coordinate with internal teams (Investment, Compliance, Risk, Technology) for operational support.
• Maintain accurate documentation and process notes.

Key Stakeholders

• Internal Teams.
• Custodian Trustee Bank.
• Central Recordkeeping Agencies (CRA)
• Auditors Regulators (PFRDA)