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.

1. 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.

1. 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.

1. 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.

1. 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 recent scheme launches or regulatory changes impacting operations.

1. 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.

1. 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)

Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.

📌 Manager / Assistant Manager - NPS Fund Operations (Mumbai)
🏢 Parag Parikh Financial Advisory Services(PPFAS)
📍 Mumbai