Bindula Reddy
Manager - Administration and SMSF at Praemium- Claim this Profile
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English -
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Hindi Limited working proficiency
Topline Score
Bio
Credentials
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Advance Diploma in Financial Services (Superannuation) & Diploma in Superannuation Management
Association of Superannuation Funds of AustraliaJan, 2005- Nov, 2024 -
Certified Practising Accountant
CPA AustraliaJan, 1992- Nov, 2024
Experience
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Praemium
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Australia
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Financial Services
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200 - 300 Employee
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Manager - Administration and SMSF
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Jan 2017 - Present
• Delivering a seamless Administration experience via insourced and outsourced functions, using technology to drive operational and communication efficiencies • Ensuring that clients queries about their SMSF including accounting, tax and compliance issues, contribution caps, investment restrictions, legislation impacts are addressed • Ensure processes are in place to identify and request outstanding information from clients and advisers • Assisting clients and advisers to help them make the most of their products and services • Monitoring and managing incoming and outgoing correspondence to clients, advisers and third parties • Designing, developing and enhancing document handling and administration processes around existing technology solutions and contributing to the enhancement of technology platforms to improve process and customer service deliverables • Managing others in a high performance, operations team environment where effective management of multiple work flows and an eye for detail is a mandatory requirement
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Equity Trustees
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Australia
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Financial Services
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200 - 300 Employee
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Consultant - DIY Superannuation
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Sep 2015 - Mar 2016
• Liaise with the new administrators in regards to their requirements to ensure all relevant documents and data were provided in a timely manner• Prepare the final wind up documents, financial statements and tax returns for clients opting out of transferring to the new service provider including liaising with auditors
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Manager – Investment Administration & DIY Superannuation
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Feb 2013 - Aug 2015
Management• Manage the performance of 5 staff and processes in the Investment Administration teamDIY Superannuation• Manage the day to day administration of 30 Self -Managed Super Funds, ensuring that the member recording and end of year financial reporting is completed by set deadlines on the BGL Simple Fund system. • Completion of Fund’s Annual Reporting / Income Tax Returns and arranging the liaising with external auditors for year- end reporting• Calculation and maintenance of the annual pension for applicable funds. Corporate Actions• Manage the communication, administration and settlement of Corporate Actions • Manage the Enterprise Diary and timetabling of Corporate Action eventsAsset & Cash Reconciliation• Manage the Creation / Setup of all Securities on the Investment Management System• Manage the reconciliation process of all cash holdings to cash accounts and asset holdings to registries and settlement systems• Manage the investigation and resolution of discrepancies internally and with third parties as required• Manage the safekeeping of certificates/statements by filing in approved safes
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Manager - Custody & Superannuation Operations
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Jan 2007 - Feb 2013
Custody• Ensure all share settlement transactions are completed within ASX specified T+3 timeframes.• Accrue dividends as they are declared and ensure payment is received no later than 5 days after payment is due and collect income from all securities in a timely manner, and ensure reconciliation and allocation is completed to all clients as received.• Assess Corporate Action (Reconstructions, Mergers, Takeovers and Consolidations) details to ensure timely responses and effective handling of associated transactions to ensure the desired output and taxation reporting is correctSuperannuation Operations• I was responsible for operational administration of small APRA (“SAF”) and self- managed superannuation funds (“SMSFs”); to ensure that all compliance and regulatory processes were in place to effectively manage and report; meeting the needs of all clients both internal and external in an effective and timely manner• This incorporated the duties that I previously undertook as a Project Manger – DIY Superannuation Services
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ANZ
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Australia
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Banking
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700 & Above Employee
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Manager
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Jul 1998 - Aug 2006
Service Quality & Profitability Ensure that high quality efficient and effective services are provided to clients through joint administration (with relationship managers, external intermediaries and internal specialist providers e.g. Tax & Banking & Securities). Major activities will include (but are not limited to): Set, monitor and report on service standards Account establishment (including preparation of DIY Super documentation) Receiving and coordinating information to specialist areas e.g. (investment sales, purchases, transfer of funds, bill payments) Coordinating processing of super and other cash deposits Resolving client enquiries Managing monthly, quarterly and annual client statements and reporting Fee charging and cost recovery Introducing system and procedural improvements DIY Accounting & Reporting Oversee the accounting and record keeping systems and processes. Ensure DIY Funds are SIS and DIY compliance Ensure the integrity of ANZ DIY Funds accounts and records Annual accounts are prepared in accordance with proper accounting practices and reporting is produced, audited and lodged according to SIS regulations Technical understanding and managing all areas of administration, including contribution processing, benefit payments and ETP calculations. Arrange pension conversion, calculation and reporting requirements. Compliance & Risk Management Ensure that risk exposure is minimised by adhering to company policies and procedures, statutory requirements and client instructions. Establish, document, communicate and review operating procedures. Relationship Management & Teamwork Develop and manage key external and internal relationships to support the successful management of this business.
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Education
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1987 - 1992
Monash University
Bachelor In Business (Accounting), Accounting
Community
