The daily core responsibility for NBL’s Funds Accounting team is to generate a large volume of Net Asset Value (NAV) calculations while maintaining the highest quality levels in terms of NAV accuracy, completeness and timeliness. The team handles the whole range of funds products in an environment of growing complexity of investment funds structures, sophistication of investment strategies and ever-increasing regulatory constraints.
The production of NAV calculations is a step-by-step process that comprises dual-control and exhaustive quality checks (e.g. investment reconciliations, currency and market variations relevance) by expert staff before the final release of NAV per share.
The resulting NAV data is compiled into a large variety of reports dispatched to advisors, promoters, sales persons, distributors, auditors, regulatory authorities, etc.
Funds Accounting is driven by simple but strict guidelines:
For instance, NBL achieves low NAV calculation error rate on total NAV calculations.