AVP - Trust Administrator

Job Description- Trust Administrator

Function Title - Trust Administrator

Corporate Title - Assistant Vice President

Functional Dept - Trust

Scope and Responsibilities (Breadth and specific duties of job)

- The position is part of the Trust business with responsibilities ranging from maintaining books of accounts, TDS filing, calculation of fee etc

- Key deliverables include:

Accounting: data sharing with the accounting partner and also review of accounts with them

Fee accrual & Billing: calculation of fee accrued and billing (invoice preparation, follow up on payment etc)

TDS: Payment, filing and issuance of TDS

Account opening: account opening procedure for a new client onboarding (PAN/TAN/KYC/DP/Broking etc)

Distribution of income, part revocation

MIS: Monthly preparation of MIS

Audit: Coordinate with the auditors on annual audit of trust's financial reports

Review of existing policies and procedures

Return filing for the trusts

Review and updation of the technology platform

Qualification/Experience

- Commerce graduate

- Master's degree: good to have

- Professional degree like ICWA will be useful to look for

- 6+ years of relevant experience in the Trust business

Skills Required

- Strong accounting and tax understanding

- Good knowledge of the accounting standards

- Good understanding of the Trust business

Additional Information

- Good communication skills - written and verbal

- Must be a team player, quick-learner, flexible and detail-oriented

- Ability to partner effectively with internal and external stakeholders

- Ability to work with minimum supervision