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)
