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? processing DSF Agent's 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 Agent's 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) | 1. Calculation of DSF 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. RBRC Hold & Release of Terminable Agents as per Company’s payout policy. 4. Deemed Credit Hold & release as per Company’s payout policy. 5. Updation 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) | 6. Calculation of TDS & Service Tax as per the statutory guidelines for Commission Payouts. 7. Pass the necessaries entries in Oracle for accurate accounting. 8. Preparing the proper Intimation to Banks for Direct Credits/NEFT as per Agent Bank Master 9. Preparing the various Payout related Reconciliations to ensure the accuracy of payouts 10. Keeping 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. | 1. Calculation of Shortage of Commission & upload in CMS. 2. Pass the entry in Oracle System. |
| KRA4 | Upload and validate Advisor’s Commission Statement fortnightly in CMS for accurate generation of statements. | 1. Upload the details statement of Surrender Adjustment & Refund 2. Upload the TBR Refund 3. 99 recovery details statement. 4. Cross 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. | 1. Pass the Service Tax Accruals entry 2. Pass the TDS Entry 3. PB & RB Booking Entry 4. Input Credit Entry 5. Carry out Commission Premium analysis on a monthly basis |
| KRA6 | Process payment of commission of hold commissions due to NEFT | 1. Release the payment once in a fortnight 2. Preparing proper Intimation to Banks for Direct Credits as per Agent Bank Master. |
Eligibility typically includes the qualifications and experience outlined in the job description above, with around 1-3 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 TM- Accounts and taxation at Aditya Birla Group.
This role requires around 1-3 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 Aditya Birla Group's application process for this role.