Banking Operations - Fund Accounting

About Us:

Groww Mutual Fund

Who We Are:

Groww Mutual Fund, previously known as Indiabulls Mutual Fund, offers mutual fund schemes designed to suit the various needs and objectives of its investors.

We are anchored by principles of simplicity, transparency, long-term wealth creation, and unwavering focus on our customers. Our fund takes pride in identifying investment avenues that combine promising growth potential with solid fundamentals.

With the robust backing of Groww Invest-Tech Private Limited (formerly known as Nextbillion Technology Private Limited), our portfolio brims with a diverse range of schemes, from equity funds and hybrid funds to debt funds.

Our Mission:

Our foremost mission is to create steady, long-term wealth for our investors. We are relentlessly dedicated to unearthing promising opportunities and meticulously designing innovative schemes that enable our investors to harness these wealth-building potentials.

What We Stand For:

Simplicity and Transparency:

Focus on Consistent Wealth Creation:

Customer Centricity:

Innovation at the Forefront:

Key Responsibilities:

1. Custody Operations

a. Creation and maintenance of security master (Equity / Debt)

b. Trade settlement coordination across equity and debt instruments

c. Liaising with investment teams, custodians, brokers, and counterparties

d. Reconciliation of holdings between internal systems and custodian data

f. Margin placement with CCIL / PCM and handling of pledge/unpledge activities

g. Recording and processing corporate actions

2. Fund Accounting

a. Validation of NAV, valuation metrics, and expense calculations by Fund Accountant

b. Ensuring compliance with SEBI regulations for fund accounting and expense booking.

c. Oversight of internal and regulatory reports

d. Implementation of new regulatory circulars and process updates

e. Vendor expense payments and reconciliations between Fund Accounting (FA) and RTA books

f. Monthly review of trial balances and coordination for audit closure

3. Treasury / Cash Flow Management

a. Daily cash flow preparation and sharing with the investment team

b. Optimal utilization of funds in collection accounts

c. Projected cash flow preparation for future planning

Who Should Apply:

-Professionals with experience in fund operations within asset management companies

-Strong understanding of SEBI regulations, fund accounting processes, custody systems, and treasury operations

-Detail-oriented individuals with excellent coordination and reconciliation skills

-Familiarity with tools like MS Excel, Fund Accounting platforms, and Custodian portals