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
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.
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.
Bank & Payment Reconciliation




Perform regular bank reconciliation.
Monitor incoming commission payments.
Verify vendor payments and employee reimbursements.
Maintain records of outstanding payments and receivables.
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.
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.
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