Job Purpose

The purpose of this job is :

oTo skilfully execute all the vital cyclical activities within fund accounting operations such as

oPreparing and maintaining the expense master & updating expense changes

oCarrying out vital reconciliation activities such as NAV change report

oCarrying out dividend rate calculations on an Adhoc and cyclical basis

oConducting checks on financials/portfolios

oEnsuring NAV uploads

oPreparing vital MIS and regulatory/ internal compliance reports

in a timely, accurate and compliant manner

oTo run regular checks on the output/ deliverables of the Fund Accountant to ensure accuracy

oTo highlight critical reconciliation or process gaps in a timely manner to the right stakeholders for resolution

Job Context & Major Challenges

Job Context & Challenges:

Job Context

Key facets :

oNAV computation lies at the heart of the transaction cycle and hence accuracy of internal processes that feed in to the NAV calculation , without exceptions, become extremely critical to business operations as a whole

oCritical vendor dependencies exist for fund accounting process and hence monitoring accuracy and timeliness of both inputs to vendors as well as deliverables from the vendors becomes vital

oHigh transaction volumes and specific time windows of operation. Transaction accuracy crucial from regulatory, reputational and profitability perspectives

Key Challenges

oTo maintain data integrity and accuracy despite large volumes and business volatility





oTo ensure checks are put in place for all process and sub process steps in order to minimize errors

oTo manage stringent timelines across all processes and stakeholder requirements

oTo stay updated on the requirements of the regulators – SEBI, RBI, AMFI and ensure that the requirements are being complied with

oTo identify gaps in a timely manner through reconciliations

Key Result Areas
KRA (Accountabilities) (Max 1325 Characters)Supporting Actions (Max 1325 Characters)
KRA1Dividend DeclarationoProvides inputs for dividend rate calculation based on NAV, distributable surplus & logic provided by sales team & by referring to the calendar for dividend cycles

oEnsures rate approval by sales head
KRA2Expense AdministrationoTracks expense master for over 120 schemes

oWorks with Fund Accountant , Products Team, Fund Managers & Finance to

oOperationalize expense changes

oTo ensure changes are within regulatory [ SEBI] limits

oTo check finance calculations

oTo check if the Trial Balance reflects the changes correctly

oUploads expense structure on BSLAMC website after all relevant checks
KRA3NAV Checks & UploadoNAV Computation Checks

oChecks if dividend has been given as per dividend cycle





oChecks dividend rate against distributable surplus

oChecks for base NAV breach

oNAV Change Report

oCompares previous day to current day and reports exceptions [Abnormal movement of capital balances ]

oReports outstanding

oNAV upload

oUploads NAV two days after quarter closure

oEnsures accuracy of NAV upload on AMFI

website
KRA4Financials & Portfolio ChecksoChecks financials received from Fund Accountant and highlights errors if any for correction

oPublishes financials on a half yearly basis on the website

oEnsures what is published is completely reconciled with Fund Accountant output

oEnsures alignment with base data for

oAbridged financials, abridged portfolio, sectoral
KRA5Gold ETF / FOFoInforms fund managers to buy gold as per subscription

oGives entries to Fund Accountant for entries into schemes
KRA6ReconciliationsoReconciles monthly upload of expenses on website

oReconciles all expense changes [ IEF fees, AMC fees, Audit Fees, M&S; fees etc ]

oReconciles money available in trial Balance under each expense head

oReconciles expenses accrual [ from trial balance ] against cash flow inputs [ what has actually been paid]
KRA7Audit Preparation & Internal MIS/Regulatory ReportsoChecks reports that come from Fund Accountant before submission to compliance

oCoordinates with CAMS, Fund Accountant, Custodian to prepare data and share with Auditors

oWorks on closure of audit observations, if any

oPrepares various internal MIS

📌 Team Member - Fund Accounting (India)
🏢 Financial services
📍 India