Manager Accounts

Position Summary

Will be responsible for managing day-to-day accounting activities, mutual fund and financial product brokerage reconciliation, revenue tracking, payouts, MIS, GST/TDS-related activities, and coordination with AMCs, RTAs, product teams and internal sales teams.

Key Responsibilities

1. Accounts & Accounting Operations

• Manage day-to-day accounting entries and maintain books of accounts.
• Record and verify receipts, payments, expenses, invoices and other transactions.
• Maintain vendor, client and business partner ledgers.
• Assist in monthly closing and preparation of accounting schedules.
• Ensure proper documentation and filing of financial records.

2. Mutual Fund Brokerage & Revenue Reconciliation

• Reconcile mutual fund brokerage received from AMCs / platforms / RTAs with internal records.
• Track brokerage, trail income and other revenue generated from mutual fund business.
• Identify discrepancies in brokerage credits and coordinate for resolution.
• Maintain AMC-wise, product-wise, RM-wise and client-wise brokerage records.
• Track pending brokerage and follow up with concerned parties.

3. Financial Product Revenue & Payouts

• Reconcile revenue from Mutual Funds, Bonds, Fixed Deposits, Insurance, PMS, AIF and other financial products.
• Verify commission/brokerage calculations and ensure accurate recording.
• Prepare RM/employee incentive and payout-related statements as required.
• Coordinate with the business and operations teams for revenue-related queries.

4. Bank & Ledger Reconciliation

• Perform regular bank reconciliation and ledger reconciliation.
• Reconcile brokerage receipts with bank credits and accounting records.
• Identify unmatched transactions and outstanding items.
• Maintain proper follow-up records until reconciliation is completed.

5. GST, TDS & Statutory Support

• Assist in GST and TDS-related accounting and reconciliation.
• Verify GST/TDS deductions in invoices and brokerage statements.
• Maintain supporting records for statutory compliance.
• Coordinate with auditors and consultants for required information and documents.

6. MIS & Management Reporting

• Prepare regular revenue, brokerage, collection and expense MIS.
• Prepare product-wise and RM-wise revenue reports.
• Track monthly and quarterly revenue against business data.
• Assist management in preparing performance and financial reports.
• Ensure accuracy and timely submission of MIS.

7. Coordination with Internal & External Teams

• Coordinate with Mutual Fund AMCs, RTAs, financial product providers, banks and other business partners.
• Coordinate with Sales/RM teams regarding brokerage, transactions and revenue-related queries.
• Work closely with Operations, Compliance and Finance teams.
• Follow up on pending transactions, missing information and reconciliation differences.

Key Skills Required

• Good understanding of basic accounting and reconciliation.
• Working knowledge of MS Excel, including VLOOKUP/XLOOKUP, Pivot Tables and basic formulas.
• Understanding of Mutual Fund brokerage / trail income will be preferred.
• Knowledge of GST and TDS.
• Good numerical and analytical skills.
• Strong attention to detail and accuracy.
• Good coordination and follow-up skills.
• Ability to work with large volumes of financial data.
• Experience with Tally / ERP / accounting software preferred.

Preferred Experience

Candidates with experience in Mutual Fund Distribution, Wealth Management, Stock Broking, Financial Product Distribution, Insurance Broking or other BFSI organisations will be preferred.