Senior Manager – Fund Accounting (NAV Operations)

About the role

Job Title: Senior Manager – Fund Accounting (NAV Operations)

Location: Mumbai, India Reports To: AVP, Fund Accounting Core Platform: Multifonds

Core Focus: Daily NAV Production, Valuation, and Exception Resolution

Job Purpose

The Senior Manager of NAV Operations directly controls the end\-to\-end production, validation, and delivery of daily Net Asset Values (NAV). This role focuses on maintaining error\-free accounting logs within Multifonds, managing complex valuations, and enforcing strict quality control checks before client release.

Key Responsibilities

· NAV Production Management: Oversee the end\-to\-end daily computation, validation, and final publication of NAVs within strict client and regulatory cut\-offs.

· Multifonds Ledger Control: Drive the trial balance review, general ledger (GL) reconciliations, and cash/position break resolutions inside the Multifonds environment.

· Valuation \& Pricing Oversight: Validate daily asset pricing, corporate actions, and fair value adjustments across complex asset classes like fixed income, equities, and derivatives.

· Exception \& Variance Analysis: Investigate and resolve high\-value NAV variances, unexpected yield movements, and material line\-item discrepancies.

· NAV Error Mitigation: Enforce rigorous maker\-checker control frameworks to completely eliminate NAV errors, pricing misses, or ledger mismatches.

· Audit \& Quality Assurance: Lead the preparation of period\-end accounting packs and serve as the main point of contact for internal, statutory, and client NAV audits.

· Regulatory \& Tax Compliance: Ensure strict adherence to SEBI and AMFI guidelines, manage Total Expense Ratio (TER) limitations, and review statutory filings and periodic reports.

· Process Automation \& UAT: Drive system implementations, run User Acceptance Testing (UAT), and automate back\-office operations to improve efficiency.

· Team \& Stakeholder Leadership: Direct medium\-to\-large accounting teams, mentor staff, and liaise with external auditors, custodians, brokers, clients and RTAs.

· Reconciliations: Overview daily reconciliations process for bank, holding, transactions and capital.

Required Qualifications \& Skills

· Education: CA / MBA (Finance) / CS / CMA or Master's degree in Commerce.

· Experience: 6 to 8 years in fund accounting / unit linked fund accounting, specifically centered on core NAV calculation and ledger maintenance.

· System Expertise: Advanced, hands\-on operational proficiency in Multifonds core accounting modules.

· Technical Accounting: Deep knowledge of accruals, expense processing, amortization, income distribution, and multi\-currency fund accounting rules. Deep understanding of Fund Accounting standards, and regulations from SEBI. Hands\-on proficiency on advanced MS Excel and macro tools.

· Problem Solving: Proven ability to troubleshoot automated feed failures, pricing source mismatches, and data integrity drops under tight delivery windows.

· Risk Management: Proven capability to enforce strict maker\-checker controls to prevent NAV errors and compliance defaults under tight daily cutoff windows.

Pay: ₹2,000,000\.00 \- ₹2,500,000\.00 per year

Work Location: In person