Accounting Role - Financial Services - CA

Accounting - CA Fresher - Financial Services- Mumbai / Thane

Our Client is a well known Financial Services firm headquartered in Mumbai.

Job Role : Accounting

Job Location : Mumbai

Job Requirement : Qualified CA - 2023 batch

Job Responsibility :

- Accurate accounting / accrual. Ensuring the proper control over calculation of commission and other forms of payouts and also its proper disbursal to all the channel partners in lines with the regulatory guidelines.

- Record Maintenance statutory deductions of TDS / Service Tax and Professional Tax on commissions.

- Check contest/incentives calculations for all the distribution channel

- Coordinating with Channel for recovery of outstanding balances.

- Checking the incentive payouts with the calculation to ensure accurate payouts.

- Ensure recovery of incentives is accounted properly and follow up for the recovery. Carry out expense and trend analysis.

- New Product UAT, Automations in Commission & other payouts. Identify the manual activities related to Commission & Incentive which can be automated.

- Preparation of regulatory reports and other exceptional reports.

- Prepare the reconciliation of actual payout v/s Provision

- To manage the Internal and Statutory audit for the function.

- Checking of reconciliation and ageing. Take timely action for old aged items for resolution. Commission balance reconciliation.

- Resolution of advisors' commission related queries