Motilal Oswal - PMS Operations

PMS Operations

Hands on experience in PMS Operations, Settlements, Client Account Opening & Maintenance and handling Audits.

- Understanding & Responsible for pre-trade compliance, custody co-ordination

- Review & checking of NAV computation through:

- Income & Expenses

- Valuation

- NAV validation & Declaration

- Accounting, monitoring & payments of tax & filing of returns

- Monitoring of expenses including Distributor Payouts.

- Review of trial balance.

- Trade settlements - counter party confirmation, custody confirmation.

- Master creation- all investment masters

- Reconciliation of portfolio between PMS system, client accounting records and custody.

- Responsible for updating corporate action and valuation feeds into system.

- NRI processes, Reconciliations, Software Developments and Customer Service.

- Cash flow management - coordination with banks for opening cash positions, intraday movements and closing cash.

Bank reconciliation :

- Responsible for payment all client expenses. Reconciliation of payments with expense provisions.

- MIS including inputs for documentations, etc;

Compliance Reports :

- Review of half yearly and yearly client accounts, tax assistance & filing of returns

- Monitoring and payment of monthly Custody Fees.

- Liasioning with internal auditors/stat auditors/SEBI auditors

- Liasioning with custodians/stock exchanges for various margin requirements in case of derivative deals and funding of the same

- Worked in the PMS Operations department or with a Bank / Custodian providing outsourced services or with a CA firm doing an audit of PMS providers for 7 - 10 Years.

- Should be a graduate, an inter CA or inter ICWA or professionally qualified person would be preferred.

- Self-starter and confident personality.

- Good team member & a quick learner

- Basic understanding of financial accounting and process reengineering

- Knowledge of and experience of dealing with Miles Software - Money Ware Integra (MWI) would be an advantage

- NCFM Certification - Capital Market (Dealers) Module

- Fluency in spoken and written English

- Strong ability to lead a team, excellent communications skills, ability to work under pressure, flexibility to motivate the team and to satisfy our internal clients- needs even if this involves overtime.

- Strong customer and service orientation.

- Ability to work independently and to prioritize the daily workload

- Methodical work style with good problem solving abilities.

- Ability to grasp complex issues.

- Confidence with MS Office products Excel and Word, basic formula and VBA knowledge preferred but not a must

- Independence and high self-motivation in the processing of tasks, even with minimal supervision by management.

- Timely implementation of work and ability to work to deadlines.

- Ability to recognize risk situations in a manual environment and to accurately and promptly respond and escalate.

- Analytical skills, excellent oral and written expression, and confident demeanor.

- Correct and accurate method of operating in compliance with all relevant guidelines, even with a high workload.