Fund Accountant Jobs in Chennai BFSI
⚡ Urgent Requirement🏢 Chennai BFSI Corridor - Where to Find These Jobs
Chennai is one of India's largest BFSI employment hubs, home to headquarters of Indian Bank, Indian Overseas Bank, and Canara Bank South Zone, along with regional offices of all major private banks, insurance companies, NBFCs, and fintech firms. The city employs over 3 lakh BFSI professionals.
Anna Salai (Mount Road), Nungambakkam, T. Nagar, Thousand Lights, and Egmore form Chennai's primary BFSI corridor. Key employers include SBI, HDFC Bank, ICICI Bank, Axis Bank, LIC, Star Health Insurance, Sundaram Finance, Shriram Finance, TVS Credit, and Muthoot Finance.
📋 Job Description
Jobzi is sourcing qualified candidates for Fund Accountant positions in Chennai BFSI companies. This role is with a leading bank, insurance company, NBFC, or financial services firm in Chennai. You will work with a dynamic team in India's growing BFSI sector with strong career progression and compensation.
📌 Key Responsibilities
- Calculate daily Net Asset Value (NAV) for mutual fund schemes using trade and price data
- Reconcile fund holdings, cash positions, and income with custodian and registrar records
- Accrue income from dividends, interest, and corporate actions for accurate NAV computation
- Process subscriptions, redemptions, switches, and SWP transactions in fund accounting systems
- Ensure compliance with SEBI Mutual Fund Regulations for expense ratio, valuation, and disclosure
- Prepare monthly and quarterly fund financial statements and SEBI disclosures
- Coordinate with AMC operations, custodians (HDFC Custody, Deutsche), and RTAs for fund data
🎓 Qualifications and Requirements
- B.Com, CA Inter, or MBA Finance with 2-5 years of fund accounting or NAV experience
- Strong knowledge of mutual fund products, NAV computation, and SEBI MF Regulations
- Experience with fund accounting systems (SimCorp, Geneva, or proprietary AMC systems)
- Proficiency in Excel for data reconciliation, trade processing, and NAV exception analysis
- Understanding of financial instruments: equities, bonds, T-bills, and derivatives held by MF schemes
- Attention to detail and accuracy for time-sensitive daily NAV computation
- Knowledge of corporate actions, rights issues, and their impact on NAV calculation
✅ Required Skills
🏆 Certifications Valued
NISM Series Certifications, IIBF JAIIB/CAIIB, IRDAI Insurance License, CFA Level 1-3, FRM (Financial Risk Manager), CFP (Certified Financial Planner), ACCA, CA (Chartered Accountant), AMFI ARN Certification, NCFM modules
❓ Frequently Asked Questions
Which areas in Chennai have the most BFSI jobs?
Anna Salai (Mount Road), Nungambakkam, T. Nagar, Thousand Lights, Egmore, and Guindy are Chennai's primary BFSI employment zones. Public sector bank headquarters and private bank regional offices are concentrated along this corridor.
What is the average BFSI salary in Chennai in 2026?
BFSI salaries in Chennai range from Rs.15,000 for entry-level back office roles to Rs.2,00,000+ for senior portfolio and risk management positions. Mid-level banking and insurance professionals earn Rs.35,000 - Rs.80,000 per month.
What certifications help BFSI professionals in Chennai?
NISM certifications for securities and MF roles, JAIIB/CAIIB for banking, IRDAI license for insurance, CFA for investment roles, FRM for risk management, and CFP for financial planning are the most valued credentials by Chennai BFSI employers in 2026.
What does a Fund Accountant do in Chennai AMCs and custodians?
Fund Accountants at Chennai-based AMCs (Sundaram, Mirae) and custodian banks compute daily NAV, reconcile fund holdings, process subscription and redemption transactions, accrue income, and prepare SEBI regulatory disclosures for mutual fund schemes.
What is the salary for Fund Accountant in Chennai in 2026?
Fund Accountants with 2-5 years experience earn Rs.30,000 - Rs.72,000 per month in Chennai. Senior fund accountants and NAV team leads at AMCs and custodian banks earn Rs.80,000 - Rs.1,30,000.
Are fund accounting jobs growing in Chennai?
Yes. Chennai has emerged as a significant fund administration and custody operations hub with banks like Deutsche Bank, BNY Mellon, and Standard Chartered running fund accounting operations. The growth of India's mutual fund industry (Rs.50+ lakh crore AUM) drives sustained demand for fund accountants.
What is the salary for Fund Accountant in Chennai 2026?
A Fund Accountant in Chennai BFSI earns between Rs.29,500 and Rs.71,500 per month in June 2026, depending on experience, employer, and specific skills.
What experience is required for Fund Accountant jobs in Chennai?
2 - 5 Years of relevant experience is required for Fund Accountant roles in Chennai BFSI companies. Knowledge of Chennai's banking, insurance, and financial services sector is an advantage.