Manager / Assistant Manager – NPS Fund Operations

PPFAS Mutual Fund; Mumbai; On-site; INR 1,800,000 - 2,600,000; Full time

Job summary

PPFAS Mutual Fund is seeking a Manager/Assistant Manager for NPS Fund Operations in Mumbai. You will manage end-to-end NPS fund operations, including NAV calculation, treasury activities, and regulatory reporting, ensuring compliance with PFRDA regulations.

You will coordinate with custodians, CRAs, trustees, and the investment team, driving process improvements and supporting audits and regulatory inspections. 4–5 years of relevant experience is preferred.

Qualifications

• CA / MBA (Finance) / ICWA / Commerce Graduate required.
• Relevant certifications in pension funds, securities markets, or investment operations preferred.

Responsibilities

• Manage end-to-end NPS fund operations including treasury activities, NAV computation oversight, regulatory reporting and disclosures.
• Oversee NAV calculation for NPS schemes in coordination with custodians and CRAs; ensure accurate valuations of securities.
• Prepare and review PFRDA-mandated reports and internal MIS dashboards for senior management.
• Support audits (internal, statutory, PFRDA inspections) and ensure timely closure of audit observations.
• Drive process improvements, automation, and controls in NAV, reconciliations, and reporting; coordinate with banks, custodians, CRA, and tech teams.
• Coordinate with Fund Managers, Compliance, Risk, and Technology teams; respond to NAV and valuation queries.

Skills

NPS architecture & regulations

PFRDA regulations

Pension fund operations

Fund accounting & NAV calculation

Audit & treasury processes

Attention to detail & documentation

MIS & reporting

Education

CA / MBA (Finance) / ICWA / Commerce Graduate

Tools

Excel

Fund accounting systems

MIS tools

Job description

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.
• 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.

Key Stakeholders

• PFRDA
• Investment Team, Compliance and Risk Team
• Custodian & Trustee Bank.
• Central Recordkeeping Agencies (CRA)
• Auditors & Regulators (PFRDA)