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.
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.
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.
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.
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.
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.
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)

Manager / Assistant Manager NPS Fund Operations