Position: Manager – Custody & Fund Accounting Operations
Department:
Operations – Fund Administration (Custody & Fund Accounting)
Location:
Ahmedabad, Gujarat
Reporting To:
Chief Operating Officer (COO)
Work Arrangement:
Full time, on-site (work-from-office) only
ABOUT THE ROLE
The AMC must operate a controlled daily NAV, valuation, trade-settlement and custody-reconciliation process ahead of its initial scheme launches and its planned suite of exchange-traded and passive products.
The Manager – Custody & Fund Accounting Operations will run the interface with the appointed Custodian and Fund Accountant, covering daily NAV validation and sign-off, fixed-income valuation, settlement, cash and holdings reconciliation, and expense / total-expense-ratio control. These are regulator-mandated operational controls that cannot go live without a qualified owner; the appointment is launch-critical and directly tied to SEBI operational-readiness requirements.
KEY RESPONSIBILITIES
1.
Serve as the AMC's primary owner of the operational relationship with the appointed Custodian and Fund Accountant – SLA governance, daily coordination, escalation and periodic service reviews.
2. Oversee daily NAV computation, independent validation and sign-off; ensure timely publication of NAVs within SEBI-mandated cut-offs.
3. Oversee portfolio valuation, including security-level fixed-income valuation using approved valuation-agency feeds, benchmark yield curves and the AMC's Board-approved valuation policy; manage exceptions and price challenges.
4. Oversee trade settlement – matching, confirmation and delivery-versus-payment settlement with the custodian; ensure timely funding and securities movement; monitor and escalate failed / short settlements.
5. Perform and review daily cash, bank and corpus reconciliations, and holdings reconciliation across custody positions, unit capital and fund books.
6. Oversee corporate-action capture and processing (coupons, maturit