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Manager - Fund Accounting

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Last update 24.04.2024

Job Description – APAC

Job Title:

Manager – Fund Accounting

Date:

Department:

IFSO

Location:

Business Line / Function:

FUND ACCOUNTING

Reports to:

(Direct)

Assistant Vice President

Grade:

(if applicable)

Mid Level

(Functional)

Number of Direct Reports:

Directorship / Registration:

Position Purpose

BNP Paribas GSO is seeking a proactive and creative team player to work as a SME in the team. The ideal candidate for this position will possess strong know how of the process and act as an effective back-up to his/her supervisor. The position will work closely with the Fund Accounting team to keep them motivated and devise continuous ways to improve the process.

Responsibilities

Direct Responsibilities

Service Delivery: 

  • Need to work as a SME (Subject Matter Expert) of the process with complete knowledge & understanding of NAV Calculation Processing & Review of varieties of funds & instrument types.
  • 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 on same day.
  • Ensure all reconciliation breaks in TA, Cash & Stock are validated and justified for each calculated NAV.
  • Ensuring the KPI’s are kept in Green at all times.
  • 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.
  • Prioritize the work and conduct investigation with due diligence on all the discrepancies.
  • Carry out other ad-hoc duties may arise from time to time, mainly on month ends & year ends.
  • Ensure review of critical queries before sent. Where issues/errors arise ensure detailed analysis of issues and clear understanding is gained before responding to client, spoke or other parties.
  • Ensure that the Reports are thoroughly reviewed and most updated information is provided.
  • Prepare & review daily & monthly reports. 

Financial:

  • Adhere to Quality of 100% while producing & reviewing NAVs.
  • Ensure there is NO Financial impact/loss to the organization. 

People:

  • Updating colleagues/team adequately on any changes/new events impacting BAU. Should be proactively escalating any relevant issue to reporting manager.
  • Supporting the staff training requirement & ensure all the necessary training has been provided to the team members to perform the relevant tasks.
  • Participating in Daily Team huddles, Weekly Team meetings.
  • Develop other SMEs and ensure that, the Back-up management tool is in place. 

Risk Management:

  • Enforce 100% compliance of ISAE3402. Carry out sample testing on daily basis & document the results.
  • Ensure procedures are in place to effectively deal with exceptions and that they are reviewed, researched, documented and resolved in a timely manner.
  • Identify the manual steps, process efficiencies & developments, by providing practical ideas on areas of improvements & work towards its automation.
  • Ensure to minimize the unplanned leaves, especially during business critical days, like month end, rollover days and migration of new funds.

 

Contributing Responsibilities

  • Monitor the respective group mail box and ensure queries are responded in a timely manner.
  • 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.
  • Ensure there is sufficient back-up within the team in absence of other team members.
  • Assist supervisor in resource planning and BAU planning.
  • Continuously strive to improve the process and bring efficiency in the chain
  • To share the process/product knowledge with fellow team members.

 

Department BC Correspondents

  • Acts on behalf of, and by delegation of Department head who remain fully responsible for the department BC Plans.
  • Responsible for designing, maintaining and organising BCM documentations (BIA, BC Plan, Call Tree list etc.) and testing of BC Plans and solutions (BCP testing, Call tree testing, participation in various level BCP & DR testing)
  • Provide business data for analysis, design and testing stages of BC Plan
  • Alerting the BCM team of any business continuity incident with potential impact to business
  • Organizing an appropriate business response for your department upon confirmed crisis scenario by mobilizing the recovery teams and communicating relevant instructions, and providing regular status updates on business recovery to the BC Manager.

Technical & Behavioral Competencies

 Ability to communicate to others in a clear, articulate fashion.

  • Good team player skills
  • 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 (if required)

Accounting/Commerce

Minimum of 10 years of experience in Fund Accounting

Skills Referential       

Behavioural Skills:

Attention to detail / rigor

Ability to collaborate / Teamwork

Decision Making

Client focused

Transversal Skills:

Ability to understand, explain and support change

Ability to develop and adapt a process

Analytical Ability

Ability to inspire others & generate people's commitment

Ability to anticipate business / strategic evolution

Education Level:    

Bachelor Degree or equivalent

Experience Level

At least 10 years

Other/Specific Qualifications (if required)

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Why should I apply?

Basically, why would you want to join BNP Paribas over any other company?

BECAUSE YOU'RE THE KIND OF PERSON WHO WANTS...

  • What if we told you that working in our Group isn’t quite what you might think? At BNP Paribas, we do a multitude of different jobs that are constantly evolving to meet the expectations of our clients and society as a whole. Whether through everyday tasks or major projects, doing one of our jobs means making a personal commitment to taking sustainable action.

  • Feeling good about your job means bringing your whole self to work and being who you are. It’s also about having the resources you need to achieve a healthy work-life balance. Both of these are major commitments at BNP Paribas.

  • At BNP Paribas, developing your skills is as important to us as it is to you. And the skills you learn with us will help you through the rest of your working life.

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