Job Title: Senior Manager – Mutual Fund Accounting (NAV Pricing & Valuations)
Location: India
Reports To: AVP, Fund Accounting Platform: Multifonds Core Focus: Daily Asset Pricing, Fair Valuation Models, and SEBI-Compliant NAV Computation
Job Purpose
The Senior Manager of NAV Pricing & Valuations owns the critical data pipeline that drives portfolio valuation and NAV determination. This role ensures that all asset classes—including domestic equities, structured debt, money market instruments, and derivatives—are valued in strict compliance with SEBI pricing hierarchies and AMFI-approved vendor feeds within Multifonds.
Key Responsibilities
· Asset Pricing & Valuation Governance: Oversee daily pricing workflows across complex portfolios, ensuring correct application of matrix pricing for debt securities, thin volume equity policies, and fair valuation overrides.
· Vendor Data Feed Management: Govern the integration, mapping, and validation of daily security price feeds inside Multifonds from authorized agencies (such as CRISIL, ICRA, and Bloomberg).
· SEBI Debt Valuation Enforcement: Ensure strict execution of SEBI-mandated amortization rules, linear interpolation methods, and provisioning/haircut policies for downgraded or default-grade fixed-income assets.
· Corporate Actions Accounting: Review and sign off on the accounting treatment of complex corporate actions (e.g., stock splits, demergers, defaults, side-pocketing) and their immediate impact on scheme valuations.
· Pricing Variance Analysis: Direct the investigation of daily price-tolerance breaches, stale price logs, and sharp valuation variances against secondary market markers before NAV finalisation.
· System Parameter Configuration: Manage security master updates and corporate action rule parameters within Multifonds to guarantee automated valuation scripts execute accurately.
· Audit & Valuation Committee Defense: Lead data preparation and rationale defenses for valuation exceptions during SEBI inspections, statutory audits, and internal AMC Valuation Committee reviews.
Required Qualifications & Skills
· Education: Chartered Accountant (CA) / MBA (Finance) / CS / CMA / Masters in Commerce.
· Experience: 6 to 8 years in fund accounting, with at least 5 years dedicated exclusively to portfolio valuation and pricing operations.
· System Expertise: Advanced, deep-dive operational mastery of the pricing, valuation, and security master modules inside Multifonds.
· Regulatory Expertise: Comprehensive understanding of SEBI circulars and specifically on the Seventh Schedule valuation principles, inter-scheme transfer pricing regulations, and AMFI valuation circulars.
· Analytical Capability: Exceptional quantitative skills to dissect yield-to-maturity (YTM) movements, bond pricing matrices, and derivative payout valuations under tight market cut-offs.
· 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
