Job Purpose

processing DSF Agent's Commission Payout by ensuring completeness of all pre payout activities,
Calculation of Shortage of Commission, PAN holds payout in twice in week, upload Advisor details Statement in CMS.
Passing payout as well as relevant month end accounting entriesin Oracle for Financial closure.

Job Context & Major Challenges

Job Context: ? processing DSF Agent's Commission Payout by ensuring completeness of all pre payout activities,

Calculation of Shortage of Commission, PAN holds payout in twice in week, upload Advisor details Statement in CMS.
Passing payout as well as relevant month end accounting entriesin Oracle for Financial closure.

Job Challenges:

System Constraints – Managing various recovery adjustments outside the system as a manual process
Giving effect of current Commission related provisions brought in place in each payout manually before the same gets automated in CMS

Key Result Areas

KRA (Accountabilities) (Max 1325 Characters)Supporting Actions (Max 1325 Characters)





KRA1 Processing of agents commission payout on Fortnightly basis to ensure accuracy and timeliness.

(2 Payouts in each month) 1. Calculation of DSF Advisor Commission payout for each Fortnight (2 Payouts in each month) within the agreed time line.

Upload the 99 & 98 Entries in CMS before Payout to ensure accuracy of payout.
RBRC Hold & Release of Terminable Agents as per Company’s payout policy.
Deemed Credit Hold & release as per Company’s payout policy.
Updation of 15AA Cases to ensure proper credit of exemption from TDS is given to advisors.

KRA2 Processing of agents commission payout on Fortnightly basis to ensure accuracy and timeliness.

(2 Payouts in each month) 6. Calculation of TDS & Service Tax as per the statutory guidelines for Commission Payouts.

Pass the necessaries entries in Oracle for accurate accounting.
Preparing the proper Intimation to Banks for Direct Credits/NEFT as per Agent Bank Master
Preparing the various Payout related Reconcil

📌 TM- Accounts and taxation (India)
🏢 Aditya Birla Capital
📍 India