Industry: Mutual Fund Distribution (MFD)

Department: Accounts & Finance

Designation: Accountant

Reporting To: Business Owner

Job Purpose

Manage day-to-day accounting, financial records, banking transactions, commission reconciliation, taxation, and statutory compliance for the Mutual Fund Distribution (MFD) business, ensuring accurate, timely financial reporting.

Key Roles & Responsibilities

1. Accounting & Bookkeeping

- Maintain day-to-day accounting and financial records.
- Handle purchase, sales, receipt, and payment entries.
- Maintain general ledger, cash book, bank book, and journal entries.
- Prepare monthly profit and loss statements and balance sheets.
- Maintain records of expenses, income, assets, and liabilities.

2. Mutual Fund Commission Accounting

- Track and reconcile mutual fund trail and upfront commissions received from AMCs.
- Verify commission statements received from AMCs and RTAs.
- Reconcile commission income with bank credits.
- Identify discrepancies in commission payouts and coordinate with AMCs to resolve them.
- Maintain AMC-wise and scheme-wise commission records.
- Track GST/TDS deductions, wherever applicable.

3. Bank & Payment Reconciliation

- Perform regular bank reconciliation.




- Monitor incoming commission payments.
- Verify vendor payments and employee reimbursements.
- Maintain records of outstanding payments and receivables.

4. GST & Taxation

- Prepare and coordinate GST returns and related documentation.
- Maintain GST input and output records.
- Assist in TDS calculations, deductions, and return filings.
- Coordinate with CA for income tax returns, tax audits, and other statutory requirements.
- Ensure timely payment of taxes and statutory dues.

5. MIS & Financial Reporting

- Prepare monthly income and expense reports.
- Generate AMC-wise commission reports.
- Prepare monthly business profitability reports.
- Monitor operating expenses and cash flow.
- Provide financial data and reports to management as required.

6. Compliance & Documentation

- Maintain proper financial records and supporting documents.
- Maintain vendor, employee, and AMC-related financial records.
- Ensure accounting documentation is audit-ready.
- Assist in internal and external audits.
- Maintain confidentiality of financial and client-related information.

📌 Accountant (Mumbai)
🏢 Astra Wealth
📍 Mumbai