Senior Fund Accountant – NAV Delivery

August 18, 2023

Senior Fund Accountant – NAV Delivery


  • Standard / Permanent
  • GB-SCO-Glasgow
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BNP Paribas is the European Union’s leading bank and a key player in international banking. We operate in 65 countries and employ 190,000 people, including nearly 145,000 in Europe. Our Group holds key positions in its three main fields of activity: Commercial, Personal Banking & Services; Investment & Protection Services; and Corporate & Institutional Banking (CIB) for corporate and institutional clients. 

Our Securities Services business, which forms part of CIB, is a leading global custodian providing specialist post-trade and asset servicing solutions to buy and sell-side market participants, corporates and issuers. Based in 35 locations around the world, our award-winning Securities Services teams have built one of the most extensive custody network in the industry, giving clients the connectivity and local knowledge they need to navigate change in a fast-changing world.

The Fund Administration Department is comprised of a number of different functions responsible for Daily Net Asset Value (NAV) Production, taxation, effective yield accounting and for  Statutory and Financial Statements reporting services for a range of fund types including UK Open ended Investment Companies, a Property authorised investment fund, Unit Trusts, UK administered Luxembourg SICAVs and life & pension funds.

The Fund Administration team within the UK Fund Accounting department act as the guardians of all UK open ended funds responsible for the NAV control framework to ensure timeliness and accuracy of external NAV service delivery to all UK clients. A further key output from the fund owner teams is validated fund trial balance data to ensure smooth transition to the financial reporting production process and provision of data to external auditors & trustees.

To contribute to the successful delivery of agreed deliverables in accordance with client service level agreements. This role is responsible for the monitoring, review and sign off of work completed by other team members and client deliverables.

Key Responsibilities

Operational Excellence
• To meet client KPI’s and service delivery commitments
• To take ownership for review and sign-off of team deliverables including:
• Daily Net Asset Value (NAV) calculations
• Year end and interim financial statements
• Distribution calculations
• Monthly trustee / control packs
• Management service charge calculations
• Yield calculations
• Total expense ratios
• ONS Returns
• Timely completion of internal team management information
• Participate in client and internal change activity as required ensuring no detrimental impact to client service delivery
Client Focus
• Day to day production contact with Clients, Auditors, Trustees, Custodians and other departments within BNP Paribas Securities Services 
• Support Assistant Manager in embedding a culture of fund ownership providing for end to end knowledge and understanding
• Manage business as usual client queries

Risk and Control
• Assess team processes to improve efficiency, control and to reduce risk 
• Support both Manager and Assistant Manager in ensuring all significant activities are documented within procedures, kept up-to-date and recorded on the procedure database
• Support both Manager and Assistant Manager in ensuring all checklists utilised in review and sign off clearly document controls and are kept up-to-date
• Timely escalation of any issues to Assistant Manager 
• Corrective and preventative action if deadlines / quality standards are at risk
• Maintaining training and continuing competency (T&C) 

People Management
• Provision of feedback to Assistant Managers and Managers on the performance of Fund Accountants.
•- Provision of training to Fund Accountants and new starts.

The Requirements

·         Strong awareness of trade lifecycle, NAV production and oversight and general fund accounting principles
·         Solid numerical skills
·         Analytical skills
·         Highly computer literate with excellent Excel skills essential.
·         Ability to work to deadlines
·         Mentoring and coaching skills
·         Excellent planning and organisation skills
·         Time management skills
·         Responsible, reliable and accountable
·         Engaging and communicative
·         Flexible approach to work
·         Strong team player

·         Experience of HiPortfolio / pControl

Equal Opportunities

BNP Paribas promotes equality of opportunity and is committed to ensuring that no individual is discriminated against on the grounds of age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation.

As an employee with BNP Paribas, we want to make sure that you are rewarded for your commitment. As such, you will be entitled to our award winning benefits package which includes a generous holiday allowance of at least 34 days (including bank holidays), a non-contributory pension of 12%, private healthcare, GP service and dental cover all as standard, along with a number of personal insurances such as income protection, life assurance and personal accident insurance. We believe in ensuring all our employees have a positive work life balance so in addition you will also have access to a variety of flexible lifestyle benefits such as cycle to work and green car leasing schemes, season ticket loans and reduced cinema and gym membership to name a few. 


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