processing DSF Agents Commission Payout by ensuring completeness of all pre payout activities
Calculation of Shortage of Commission PAN holds payout in twice in week upload Advisor details Statement in CMS.
Passing payout as well as relevant month end accounting entriesin Oracle for Financial closure.
Job Context: processing DSF Agents Commission Payout by ensuring completeness of all pre payout activities
Calculation of Shortage of Commission PAN holds payout in twice in week upload Advisor details Statement in CMS.
Passing payout as well as relevant month end accounting entriesin Oracle for Financial closure.
Job Challenges: 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
| 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) | of DSF Advisor Commission payout for each Fortnight (2 Payouts in each month) within the agreed time line. the 99 & 98 Entries in CMS before Payout to ensure accuracy of payout. Hold & Release of Terminable Agents as per Companys payout policy. Credit Hold & release as per Companys payout policy. of 15AA Cases to ensure proper credit of exemption from TDS is given to advisors. |
| KRA2 | Processing of agents commission payout on Fortnightly basis to ensure accuracy and timeliness. (2 Payouts in each month) | of TDS & Service Tax as per the statutory guidelines for Commission Payouts. the necessaries entries in Oracle for accurate accounting. the proper Intimation to Banks for Direct Credits/NEFT as per Agent Bank Master the various Payout related Reconciliations to ensure the accuracy of payouts track of various recoveries and ensuring the same are done in fortnightly payouts. |
| KRA3 | Calculate of Shortage Commission to ensure due credit is given to advisors. | of Shortage of Commission & upload in CMS. the entry in Oracle System. |
| KRA4 | Upload and validate Advisors Commission Statement fortnightly in CMS for accurate generation of statements. | the details statement of Surrender Adjustment & Refund the TBR Refund 3.99 recovery details statement. check the Advisor CMS Statement with Pre & Post Payout files. |
| KRA5 | Ensure Monthly Accruals & Analysis of all DSF accounts to ensure timely and smooth monthly financial closure process. | the Service Tax Accruals entry the TDS Entry & RB Booking Entry Credit Entry out Commission Premium analysis on a monthly basis |
| KRA6 | Process payment of commission of hold commissions due to NEFT | the payment once in a fortnight proper Intimation to Banks for Direct Credits as per Agent Bank Master. |
Required Experience:
Manager
TM- Accounts and taxation • Mumbai, Maharashtra, India
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