Experience

iFAST Financial India Pvt Ltd

• India
• Financial Services
• 1 - 100 Employee

• Operations Manager

  • Sep 2019 - Present

  Mutual Fund commission / RIA Fees:- Monitoring monthly sales and computation of commission and sub brokers pay out. Rate Analysis, Revenue vs AUM Variance Check. Monitoring distributable TER Vs Commission rates. Calculation RIA Fees and b2b revenue for different structures & products. Liasioning with RTA / AMC for brokerage desrepencises. Settlement/Transaction/ Compliance:- Ensuring B2B/ Pool A/c client-level balance Accuracy on trading platform. Daily Bank Reconciliation for Pool client’s credit balance Zeroisation - settlement of client’s fund for daily, monthly & Quarterly frequency. Daily fund management for MF / Equity transactions and margin requirements. Overseeing weekly compliance Reporting, client assets, Cash and cash equivalent reporting & holding statement data. Coordination with Internal Auditors and BSE Auditors. Also RTA for rejections and solutions. Ensuring smooth processing of Mutual Fund Purchase, redemption transaction ,Transfer in / transfer out of broker /investor AUM. Holding reconciliations. Monitoring b2b, b2c reports for clients for Capital gain loss, GST calculation, invoices & revenue detail. Monthly / Quarterly Presentation preparation to management /board. On boarding of new client/Sub brokers:- Projects:- Incorporating accounting entries for each transaction in to the new system including statutory dues. Commission receivable project to ascertain revenue receivable from AMCs supported by Rate variance reports & reports for No brokerage on transaction. Automation of compliance Enhance supervision reports. New products system setups for revenue, recovery from client, pay out to IFA, invoicing and b2b reports. Continuous endeavour with IT team for enhancement to ease of operation process and providing convenience to b2b reports. Show less



Systematix Corporate Services Ltd

• Account Manager

  • Feb 2019 - Aug 2019

  Day to day monitoring of books of accounting. Prepaid expense working & accounting. Assisting in preparing P&L, Balance Sheet and Consolidation statement of Group Companies. Liasioning with Internal and Statutory Auditors. Preparing presentations for variances between two financial statements (QoQ / YoY) Related Party Disclosures & Intercompany reconciliations. Close monitoring of daily fund requirements and maintaining cash flow. Prepaid expense working & accounting. TDS, Professional Tax & GST return filing. Debtors aging analysis and reconciliation on monthly Show less



Kotak Mahindra Asset Management Companies Limited

• India
• Banking
• 100 - 200 Employee

• Chief Manager

  • Jul 2009 - Jun 2019

  Monthly Gross / Net TER (Total Expense Ratio) computation/reconciliation. Preparing PPT for Quarterly CFO review / Board meetings, Annual Budget Preparing monthly key variance – Bud Vs Actual, Margin Variance etc. Liasioning with Internal/ Statutory Auditors, Group consolidation team & group taxation team. Monitoring daily Gross Fees charge including ST TER / B30 TER and claw back for the same as applicable. Monitoring commission limits set as per AMFI/SEBI circulars pre & post distributor’s commission pay-outs. Preparing peer’s market share / ranking / P&L comparison. Preparing and reporting monthly variance for distributor’s trail and upfront commission. Monitoring monthly business flows against set commercials at macro level and report the major rate variance if any. Automation of routine / special processes in regular intervals. Statutory payment/returns like TDS, GST and Returns Monthly computation & checking for transaction cost like Trustee, Custody & RTA fees. Statutory reporting to SEBI / AMFI - e.g. Commission disclosure for CAS, MCR, data for IAP, Expense Ratio details etc. Show less



Kotak Mahindra Prime Limited-Car Finance Dept.

• India
• Banking
• 700 & Above Employee

• Deputy Manager

  • Dec 2005 - Jun 2010

  Handling Accounts Payable process. Bank reconciliations Trade receivable reconciliations Handling petty cash process Monthly MIS to management. Handling Accounts Payable process. Bank reconciliations Trade receivable reconciliations Handling petty cash process Monthly MIS to management.