Assistant Manager
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processing TPD Agent's Commission Payout by ensuring completeness of all pre payout activities,
Payout to DMG Partners
Calculation of recovery of Commission, Bonus calculation & upload Advisor details Statement in CMS.
Passing payout as well as relevant month end accounting entries in Oracle for Financial closure.
. System Constraints - Managing various recovery adjustments outside the system as a manual process
. Giving effect of new Commission related provisions brought in place in each payout manually before the same gets automated in CMS
. The TAT within which the payments are processed within all controls and processing requirements.
| KRA (Accountabilities) (Max 1325 Characters) | Supporting Actions (Max 1325 Characters) | |
|---|---|---|
| KRA1 | Processing of agents commission payout on Fortnightly basis to ensure accuracy and timeliness. (2 Payouts in each month) | 1. Calculation of TPD Advisor Commission payout for each Fortnight (2 Payouts in each month) within the agreed time line. 2. Upload the 99 & 98 Entries in CMS before Payout to ensure accuracy of payout. 3. Deemed Credit Hold & release as per Company's payout policy. 4. Updation of 15AA Cases to ensure proper credit of exemption from TDS is given to advisors. 5. Calculation of TDS & Service Tax as per the statutory guidelines for Commission Payouts. 6. Pass the necessaries entries in Oracle for accurate accounting. 7. Preparing the proper Intimation to Banks for Direct Credits/NEFT as per Agent Bank Master 8. Preparing the various Payout related Reconciliations to ensure the accuracy of payouts 9. Keeping track of various recoveries and ensuring the same are done in fortnightly payouts. |
| KRA2 | Calculate of Recovery/Refund of Commission to ensure due credit is given to Agents & Broker payout processing | 1. Calculation of Recovery of Commission & manual bonus calculation upload in CMS. 2. Ensuring broker payment only after receipt of invoice and tracking of pending payouts. 3. Pass the entry in Oracle System. |
| KRA3 | Valdation of DMG Calculations | 1. Validation of DMG Partners payout calculation 2. Tracking of payouts to DMG Partners 3. Updation of change in commercials on timely basis. 4. Accurate accrual in Oracle. |
| KRA4 | Ensure Monthly Accruals & Analysis of all TPD accounts to ensure timely and smooth monthly financial closure process. | 1. Pass the Service Tax Accruals entry 2. Pass the TDS Entry 3. Bonus Booking Entry 4. Input Credit Entry 5. Carry out Commission Premium analysis on a monthly basis |
| KRA5 | Contests & Incentive Validation | 1. Checking the Contest MIS of Channel & Validate the results. 2. Checking the Employee incentives MIS of Channel & Validate the results.. |
| KRA6 | Processing the payments related to channel expenses, CRM activities and all TPD related pay-outs. | 1. To ensure that the payment is done within the defined TAT. 2. To check if the said expense is properly budgeted or not. 3. To ensure proper documentation of all the relevant supporting's. |
Job ID: 152564615
Skills:
SAP, Uipath, Alteryx, Tableau, Power Pivot, Excel, Oracle, Word, Workiva, International Accounting Reporting Standards, Microsoft 365 Copilot, Ai, Us Gaap, MS Access, Fas, Accounting Standards Knowledge, IFRS
Skills:
Aix, Application Deployment, Oracle Sql Server, Linux, MySQL, Rhel, Plsql, Apache, Web Logic, Network and Infra, 3 tier application
Skills:
GST - RCM Knowledge, SAP, TDS Knowledge, GST Knowledge
Skills:
financial reporting, Financial Accounting, VDA accounting, ERP enhancement, Oracle NetSuite, Compliance, Audit, Mis, Reconciliations
