Manager / Assistant Manager - NPS Fund Operations

Job Title: Manager / Assistant Manager - NPS Fund Operations

Location: Andheri (Mumbai)

Total Work Experience : 4-5 years of experience in NPS operations, mutual fund operations, pension funds, or institutional asset management.

• Prior experience with PFRDA-regulated entities is highly desirable.

Qualification : CA / MBA (Finance) / ICWA / Commerce Graduate

Professional certifications: Relevant certifications in pension funds, securities markets, or investment operations preferred.

Key Skills Competencies

• Strong understanding of NPS architecture, PFRDA regulations, and pension fund operations.
• Knowledge of fund accounting, NAV calculation, Audit and treasury processes.
• Experience in handling custodian, CRA, trustee bank interactions.
• High attention to detail and analytical skills.
• Strong documentation and audit-handling capability.
• Proficiency in Excel, fund accounting systems, and MIS tools.

Job Responsibilities :

To manage end-to-end NPS fund operations including treasury activities, NAV computation oversight, Regulatory Reporting, and ensuring compliance with PFRDA regulations, operational accuracy, Audits Internal/External/, Regulatory Inspections, and timely disclosures.

1. Treasury Operations Management

• Manage daily cash flow monitoring for NPS schemes.
• Coordinate with brokers, custodians, banks, and clearing corporations for fund settlements.
• Oversee corporate action processing (dividends, interest, redemptions, bonus, splits).
• Ensure timely settlement of deployment of inflows and funding of redemptions as per investment guidelines.
• Monitor reconciliation of bank, custodian, and fund accounting records.
• Support investment team with operational inputs for trade execution and settlement.

2. NAV Process Fund Accounting Oversight

• Oversee daily NAV calculation for NPS schemes in coordination with custodians/trustee Banks, CRAs.
• Ensure accurate valuation of equity, debt, government securities, money market instruments, and derivatives as per applicable guidelines.
• Review and validate expense accruals, management fees, and other expense calculations.
• Monitor exception reports and resolve NAV discrepancies within regulatory timelines.
• Ensure adherence to PFRDA NAV disclosure norms and cut-off timings.

3. Regulatory MIS Reporting

Prepare and review PFRDA-mandated reports, including:

• Daily / monthly NAV and portfolio disclosures
• Scheme-wise investment compliance reports
• Risk and exposure reports
• Coordinate timely submission of data to CRA, Trustee Bank, and PFRDA as applicable.
• Prepare internal MIS dashboards for senior management.
• Support periodic disclosures on returns, asset allocation, and performance metrics.

4. Audit Compliance Support

• Act as the primary operations liaison for:
• Internal audits
• Statutory audits
• PFRDA inspections
• Concurrent and system audits
• Ensure closure of audit observations within defined timelines.
• Maintain proper SOPs, process notes, and control documentation.
• Support compliance/risk team in ensuring adherence to PFRDA Act, Regulations, and circulars.

5. Process Improvement Controls

• Strengthen operational controls to minimize errors and operational risk.
• Drive automation and system enhancements in NAV, reconciliations, and reporting.
• Coordinate with technology vendors, CRA, and custodians for system upgrades.
• Participate in new scheme launches or regulatory changes impacting operations.

6. Regulatory Compliance Support

• Ensure adherence to PFRDA and internal fund house guidelines.
• Support timely filings, reporting, and audit processes.
• Maintain accurate documentation and workpapers for compliance review.

7. Coordination Stakeholder Management

• Work closely with Fund Managers, CRAs, Custodians, Brokers, Compliance, and Technology teams.
• Respond to queries related to NAV, fund valuation, and operational issues.

Participate in projects for process automation and system enhancements.

Key Stakeholders

• PFRDA
• Investment Team, Compliance and Risk Team
• Custodian Trustee Bank. Central Recordkeeping Agencies (CRA)
• Auditors Regulators (PFRDA)