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Operations
Department Estate Planning – Trust Administration Team
Location Mumbai
Background:
Kotak Mahindra Trusteeship Services Limited acts as Trustee to private family Trusts set up by HNI clients. The Trust administration team looks after the operations, service and other administrative activities for these Trust clients.
JOB ROLE
Transaction Processing:
Execution of Investments / Distribution to beneficiaries / Payment to Vendors / Consultants within the stipulated time; Coordination with Internal Teams & Authorized signatories for timely execution of Investments; Ensuring timeliness & Utmost Accuracy; Ensuring Trust Investments are reviewed frequently by the Investment Advisors; Ensuring process prepared are Implemented, reviewed & updated at regular intervals.
Accounting & Taxation:
Ensuring regular review of the Books of Accounts & yearly Audit; Finalizing and sending Advance Tax Calculation every quarter to Trusts Clients and ensuring timely payment; Preparing and Filing Income Tax Returns, TDS returns & GST returns of Trust Clients; Assistance on matters pertaining to Income Tax Assessment and Scrutiny for Trust Clients; Co-ordination with Auditors for matters pertaining to Income Tax Audit, GST etc.; Co-ordination with Internal Auditor for matters pertaining to Internal process Audit.
Risk & Technologies:
Ensuring periodic review of database from risk perspective and to ensure that it is up-to date; Seek for Technology solution in coordination with BSG Team to automate work process with objective to increase work efficiency & better client service.
MIS:
Understanding Trusteeship Fee Structure & reviewing Trusteeship Fee calculation; Ensuring all documents pertaining to Trust Clients are filed and saved properly; To be backup for client documentation work pertaining to Setting up of Trusts (timely execution of engagement letter and Deeds) and closure of Trusts whenever applicable (timely execution of processes).
Job Requirements:
Chartered Accountant with Minimum 2 to 3 years work experience post qualification;
Good knowledge in Accounting and Income-Tax for Private Family Trusts – with detailed knowledge of accounting for Investments and Capital Gains computation;
Adequate experience in Accounting and Taxation during Articleship;
Ability to coordinate & interact with Multiple Stake holders across Teams, Business & with Individuals within organization across levels; Solution oriented with Strong communication skills;
Self-motivated with a passion to achieve & Team Player.
Eligibility typically includes the qualifications and experience outlined in the job description above, with around 0-5 Years years of relevant experience expected for this role.
The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a Team Member - Trust Administration-Estate Planning-Estate Planning at Kotak Mahindra Bank.
This role requires around 0-5 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.
Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.
You can apply directly using the Apply Now button on this page, which will take you to Kotak Mahindra Bank's application process for this role.