Manager/Assistant Manager - National Pension System/Fund Operations

Job Description:

Key Responsibilities:

- 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.

Qualification & Experience:

- CA / MBA (Finance) / ICWA / Commerce Graduate

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

- 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.

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