Job Title: Assistant Manager- DEC Brokerage

Date

01st Feb 2024

Department

Dec Clearing – CS Brokerage

Business Line / Function

GMO

Reports To

(Direct)

Manager

Grade

(if applicable)

Associate

(Functional)

Number Of Direct Reports

N/A

Directorship / Registration

NA

Position Purpose

To manage Brokerage function as per give up agreement for the clearing function. Ensure accurate settlements.

Responsible for processing all invoices received for payment and for undertaking the payment of all creditors in an accurate, productive and timely manner.

Undertake a variety of financial and non-financial tasks in order to help guarantee the company’s revenues; handle the processing of incoming payments along with the issuing of necessary paperwork.

Responsibilities

Direct Responsibilities

Payable

Processing accounts and payments in compliance with financial policies and procedures
Performing day to day financial transactions, including verifying, classifying, computing, posting and recording accounts receivables’ data




Reconcile the accounts receivable ledger to ensure properly posted.
Execution fee setup in the back office system
Registration of broker invoices and reconciliation of trades & fees
Instruction of invoices settlement
On board process – Establish Give-up agreement

Receivables

Receiving and sorting incoming payments
Managing the status of accounts and balances and identifying inconsistencies
Issuing invoices
Assume the responsibility of receiving and sorting incoming payments with attention to credibility
Update accounts receivable database with current accounts or missed payments
Ensure all clients remain informed on their outstanding debts and deadlines
Provide solutions to any relative problems of clients
Write thorough reports on billing activity with transparent and reliable data
Chasing Paying agent to obtain payments

Risk Control And Supervision

Monitor activity progress against the goals and take appropriate corrective action as and when it i

📌 Assistant Manager Dec Brokerage Bengaluru
🏢 BNP Paribas
📍 Bengaluru