Aditya Birla Group
Aditya Birla Group | Assistant Manager
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Job Highlights
Responsibilities
- System Constraints – Managing various recovery adjustments outside the system as a manual process
- Processing of agents commission payout on Fortnightly basis to ensure accuracy and timeliness.
- Calculation of TPD 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.
- 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.
- 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 Reconciliations to ensure the accuracy of payouts.
- Keeping track of various recoveries and ensuring the same are done in fortnightly payouts.
- Calculate of Recovery/Refund of Commission to ensure due credit is given to Agents & Broker payout processing.
- Calculation of Recovery of Commission & manual bonus calculation upload in CMS.
- Ensuring broker payment only after receipt of invoice and tracking of pending payouts.
- Validation of DMG Partners payout calculation.
- Tracking of payouts to DMG Partners.
- Updation of change in commercials on timely basis.
- Ensure Monthly Accruals & Analysis of all TPD accounts to ensure timely and smooth monthly financial closure process.
- Pass the Service Tax Accruals entry.
- Carry out Commission Premium analysis on a monthly basis.
- Checking the Contest MIS of Channel & Validate the results.
- Checking the Employee incentives MIS of Channel & Validate the results.
- Processing the payments related to channel expenses, CRM activities’ and all TPD related pay-outs.
- To ensure that the payment is done within the defined TAT.
- To check if the said expense is properly budgeted or not.
About the company
Aditya Birla Group
The Aditya Birla Group is one of India's largest business groups. Its companies work in metals (Hindalco and Novelis), cement (UltraTech), cellulosic fibres, chemicals and paints (Grasim), financial services (Aditya Birla Capital), fashion and retail, renewables and telecom. The group is chaired by Kumar Mangalam Birla.
Each group company runs its own finance and accounts function. That creates openings in plant and business-unit accounting, costing and MIS, taxation, treasury, internal audit and company secretarial work, across corporate offices and manufacturing locations.
