Fund Accounting Role - Financial Services - CA

Our Client is a well known financial services firm

Job Location : Mumbai

Job Role : Fund Accounting

Job Requirement : Qualified CA Fresher

Job Deliverables :

- Provides inputs for distribution rate calculation based on NAV, distributable surplus & distribution policy.

- Ensuring timely updation of distribution policy

- Ensuring approvals from the relevant stakeholders for any exception to distribution policy

- Ensuring distribution is in accordance with the regulations

- Communication of the distribution to relevant stakeholders

- Tracks expense master for all the schemes

- Works with Fund Accountant , Products Team, Fund Managers & Finance to operationalize expense changes

- Effective rate calculation for publishing notice on website for change in expense rates

- To ensure that expense rates are within the regulatory limits

- Ensuring all compliances related to charging of expenses in the schemes

- Proper statutory deductions on expense vendor payments

- Maintaining expense allocation policy and ensuring all the payment allocation is in line with the policy

- MIS to relevant stakeholders relating to surplus/deficit in expense accruals

- NAV Computation Checks:

- Verification of NAVs computed by FA with the NAVs computed in NAV verification tool

- Verification of distribution rates and equalization calculation

- NAV upload

- Upload of NAVs on exchange website for listed schemes

- Ensures accuracy of NAV upload

- Checks financials received from Fund Accountant and highlights errors if any for correction.

- Ensuring publication of financials on a half yearly basis on the website and ensure compliance with all the regulations in relation to the disclosure.

- Checking and publication of abridged financials with in the stipulated deadlines

- Monitoring various reconciliations prepared by FA e.g NRI TDS, TDS, STT, TCS etc

- Monitoring the payment vs provision reconciliation

- Trial balance review on a monthly basis

- Co-ordinating with various stake holders and ensuring timely submission of data to the auditors (Statutory, Internal and Regulator).

- Works on closure of audit observations, if any

- Prepares various internal MIS

- Ensuring monthly reconciliation of various tax dues

- Ensuring timely filing of various tax returns

- GST payments and filing of GST returns

- Complying and implementing all the budget changes

- Handling and responding to all queries of IT authorities

- Liasoning with Tax consultant and ensuring timely compliance of all tax related activities

- Handling GST audit