Designation: Team Member

Location: India Maharashtra Mumbai - Goregaon (R-Tech)

Organization: Financial Services

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Job Purpose

The purpose of this job is :

oTo skilfully execute all the vital cyclical activities within fund accounting operations such as oPreparing and maintaining the expense master & updating expense changes oCarrying out vital reconciliation activities such as NAV change report oCarrying out dividend rate calculations on an Adhoc and cyclical basis oConducting checks on financials/portfolios oEnsuring NAV uploads oPreparing vital MIS and regulatory/ internal compliance reports in a timely, accurate and compliant manner oTo run regular checks on the output/ deliverables of the Fund Accountant to ensure accuracy oTo highlight critical reconciliation or process gaps in a timely manner to the right stakeholders for resolution

Job Context & Major Challenges

Job Context & Challenges:

Job Context

Key facets

oNAV computation lies at the heart of the transaction cycle and hence accuracy of internal processes that feed in to the NAV calculation , without exceptions, become extremely critical to business operations as a whole oCritical vendor dependencies exist for fund accounting process and hence monitoring accuracy and timeliness of both inputs to vendors as well as deliverables from the vendors becomes vital oHigh transaction volumes and specific time windows of operation. Transaction accuracy crucial from regulatory, reputational and profitability perspectives





Key Challenges oTo maintain data integrity and accuracy despite large volumes and business volatility oTo ensure checks are put in place for all process and sub process steps in order to minimize errors oTo manage stringent timelines across all processes and stakeholder requirements oTo stay updated on the requirements of the regulators – SEBI, RBI, AMFI and ensure that the requirements are being complied with oTo identify gaps in a timely manner through reconciliations

Key Result Areas

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

KRA1 Dividend Declaration oProvides inputs for dividend rate calculation based on NAV, distributable surplus & logic provided by sales team & by referring to the calendar for dividend cycles oEnsures rate approval by sales head

KRA2 Expense Administration oTracks expense master for over 120 schemes oWorks with Fund Accountant , Products Team, Fund Managers & Finance to oOperationalize expense changes oTo ensure changes are within regulatory [ SEBI] limits oTo check finance calculations oTo check if the Trial Balance reflects the changes correctly oUploads expense structure on BSLAMC website after all relevant checks





KRA3 NAV Checks & Upload oNAV Computation Checks oChecks if dividend has been given as per dividend cycle oChecks dividend rate against distributable surplus oChecks for base NAV breach oNAV Change Report oCompares previous day to current day and reports exceptions [Abnormal movement of capital balances ]

oReports outstanding oNAV upload oUploads NAV two days after quarter closure oEnsures accuracy of NAV upload on AMFI website

KRA4 Financials & Portfolio Checks oChecks financials received from Fund Accountant and highlights errors if any for correction oPublishes financials on a half yearly basis on the website oEnsures what is published is completely reconciled with Fund Accountant output oEnsures alignment with base data for oAbridged financials, abridged portfolio, sectoral

KRA5 Gold ETF / FOF oInforms fund managers to buy gold as per subscription oGives entries to Fund Accountant for entries into schemes

KRA6 Reconciliations oReconciles monthly upload of expenses on website oReconciles all expense changes [ IEF fees, AMC fees, Audit Fees, M&S; fees etc ]

oReconciles money available in trial Balance under each expense head oReconciles expenses accrual [ from trial balance ] against cash flow inputs [ what has actually been paid]

KRA7 Audit Preparation & Internal MIS/Regulatory Reports oChecks reports that come from Fund Accountant before submission to compliance oCoordinates with CAMS, Fund Accountant, Custodian to prepare data and share with Auditors oWorks on closure of audit observations, if any oPrepares various internal MIS

📌 Team Member - Fund Accounting (Maharashtra)
🏢 Aditya Birla Group
📍 Maharashtra