Fund Administration Processor - Traditional Funds

HSBC; Bengaluru; On-site; INR 600,000 - 1,000,000; Full time

Job summary

HSBC in Bengaluru is seeking an experienced Fund Administration Processor – Traditional Funds to manage NAV packs, valuations, and related financial reporting. You will ensure accurate processing and robust control, supporting continuous improvement across the funds services lifecycle.

The role requires 3–6 years of funds administration experience, strong accounting knowledge, and familiarity with derivatives and reconciliations.

Qualifications

• Bachelor’s degree in commerce or finance-related field.
• 3–6 years of funds administration experience.
• Strong knowledge of accounting and NAV processing.
• Knowledge of derivatives instruments and reconciliations.

Responsibilities

• Prepare Net Asset Value packs and supporting documents.
• Perform checkers and ensure timely, accurate reporting of NAV.
• Identify process improvements and support deployment of business solutions.
• Maintain internal controls and assist with audits and regulatory requirements.
• Collaborate with business partners across jurisdictions to deliver quality packs.

Skills

Microsoft Office

Accounting principles

End-to-end fund accounting

Reconciliations

Derivatives instruments

Time management

Interdepartmental coordination

Education

Bachelor’s degree in commerce

Tools

Bloomberg

Reuters

Accounting software

Job description

Some Careers Shine Brighter Than Others.

If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Fund Administration Processor – Traditional Funds.

In This Role, You Will

• The role will be of individual contributor nature and will not have team reporting to the role. Responsible for core processing/reviewing activities and will require strong technical knowledge to achieve target deliverables. The role will demand a daily balance of delivering an excellent client service within the standard Net Asset Value model of promoting continuous improvement of Net Asset Value processes and of identifying and capitalizing opportunities to create capacity and generate efficiencies. The role would also require the individual to ensure that process and procedures are continually reviewed and improved, and the changes are communicated and implemented effectively.
• The traditional Accounting & Valuations team has daily, monthly and weekly Net Asset Value valuations with stringent timelines. The team is responsible for performing capital activity bookings, accruals, amortization, yields leading to final generation and validation of Net Asset Value through diagnostic checks, Financial Mainframe Report and post Net Asset Value activities. The team also performs other Monthly & Reporting activities which includes Fee Reviews. Trustee Packs and Queries, Regulatory & Client Reporting. The Accounting & Valuations team is responsible functionally across multiple jurisdictions (where applicable) serviced out of Markets and Securities Services Bangalore.
• Participate in the deployment of defined business solutions to remove manual processes. Identify and reduce manual processes for enhanced operational control. Support and implement technology upgradation. Lead User Acceptance Testing for the business (as and when required).
• Primary responsibility of preparing Net Asset Value packs and performing checker activities. Problem situations are proactively identified and resolved to give maximum customer satisfaction and escalated where necessary. Appropriate measures are taken to improve quality and prevent recurrence.
• Establish and maintain effective relationship with customer business areas and identify areas of service improvements. Be the first escalation point in resolving issues with the Business Partner on a timely & ongoing basis. Ensure packs are delivered with quality and within set deadlines. Additional focus on priority clients and strategic approach on valuations should be done keeping the priority clients in mind.
• Maintains HSBC internal control standards, including the timely implementation of internal and external audit points together with any issues raised by external regulators. To be aware of the Operational Risk scenario associated with the role, and to ensure that all actions during your employment with HSBC take account of the likelihood of operational risk occurring. Ensure escalation process is in place and is effective.
• Ensure Gross Asset Value / Net Asset Value operating procedure is followed with management of risks (if any). Continually assess the risks inherent in department processes and procedures. Additional review of Job-Aid Matrix, Standard Operating Procedures, process notes, checklists and other internal process related documents periodically.
• Perform any additional responsibilities that may be required by the manager in support of specific projects, on‑going management and development of the process. Perform the fund’s activities correctly as per the Standard Operating Procedure. Timely and accurate publishing of Management Information / Reports. Ensure completion of all mandatory training on time.

To Be Successful, You Will

• Bachelor’s degree in commerce or qualifications to accounting / finance industry or relevant experience.
• 3-6 years of relevant Funds administration experience. Strong working knowledge on Microsoft Office.
• Excellent knowledge in accounting principles and fundamentals of accounting. Decent knowledge in Accounting & Valuations process with clear understanding of the end‑to‑end Fund Accounting Model. Basic knowledge in custody, brokerage, depository, investment accounting, mutual funds, Corporate Actions, Financial Instruments and reconciliations.
• Ability to speak and understand English. Efficient Time Management and ability to multitask work and priorities to meet defined deadlines. Proactive in implementing and driving solutions. Ability to build excellent rapport and working relationship with other departments and jurisdiction thus ensuring smooth operations.
• Should have demonstrated behavior in line with HSBC values throughout. Will be expected to maintain HSBC internal control standards, including the timely implementation of internal and external audit points, together with any issues raised by external regulators.
• Must be aware of the operational risk scenarios associated with this role and act upon pertinent risk (if any). Additional qualifications related to financial industry will be given preference.
• Knowledge of Derivatives Instruments. Earlier experience in custody / brokerage / funds services / depository industry. Working knowledge of Bloomberg / Reuters, other reconciliation and accounting applications used across industry Life cycle of Net Asset Value process.
• Detailed understanding of end‑to‑end product and process, multiple market and regulations pertaining to the fund services industry.

You’ll achieve more at HSBC

HSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and, opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”

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