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Aditya Birla Capital Limited (“ABCL”) is a listed systemically important non-deposit taking Non-Banking Financial Company (NBFC) and the holding company of the financial services businesses. ABCL and its subsidiaries/JVs provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles. Powered by over 68,400 employees, the businesses of ABCL have a nationwide reach with over 1,740 branches and more than 200,000 agents/channel partners along with several bank partners.
Nationwide Branches
1,740
No. of Employees
68,400
Agents/Channel Partners
2,00,000+
Aggregate Assets
INR 5.91 Lakh Cr
Consolidated Lending Book
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Aditya Birla Capital Limited
Aditya Birla Capital Limited (“ABCL”) is a listed systemically important non-deposit taking Non-Banking Financial Company (NBFC) and the holding company of the financial services businesses. ABCL and its subsidiaries/JVs provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles. Powered by over 68,400 employees, the businesses of ABCL have a nationwide reach with over 1,740 branches and more than 200,000 agents/channel partners along with several bank partners.
Nationwide Branches
1,740
No. of Employees
68,400
Agents/Channel Partners
2,00,000+
Aggregate Assets
INR 5.91 Lakh Cr
Consolidated Lending Book
INR 2 Lakh CrCorporate Governance Policies
Financial and Debt-Related Policies
Business and Partnership Policies
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The purpose of this job is to execute banking related transaction activities such as maintenance of accounts and balances as well as tracking of collections/ redemptions and dividends to ensure that payments to customers & vendors happen in a timely and compliant manner. To implement all banking operations transactions within timelines and as per regulatory guidelines and prepare all MIS/ Reports in an accurate manner and support all audit requirements effectively.
Job Context/Job Challenges:
Job Context
Maintain transaction accuracy, despite high transaction volumes, crucial from regulatory, reputational and profitability perspectives.
Ensure accuracy and timeliness in customer payouts they are important in building competitive advantage and enhancing service quality.
Strong monitoring and timely reconciliation of accounts is necessary for optimal funds deployment and fund house profitability.
Manage complexity of operational scale due to large number of accounts with varied limits and usages and large number of movements of funds
Key Challenges for the role are as follows:
To liaison with PSU banks that work predominantly through their branches and have lengthy account opening processes and extract records from them within stringent timelines.
To carry out reconciliations across over 1000 accounts and ensure balances and limits are not breached.
To ensure timely collection of funds to avoid overdrafts in accounts.
To interact with a significant number of stakeholders across various banks on a daily basis.
| KRA (Accountabilities) (Max 1325 Characters) | Supporting Actions (Max 1325 Characters) | |
|---|---|---|
| KRA1 | Ensure optimum banking setup | Reviewing current arrangements Benchmarking with competitors Engaging with business and other stake holders for facilitating business requirement. |
| KRA2 | Building Scalable and Reliable banking processes | Evaluating options for automation of sighting of funds process Migrating investors from the physical mode of payouts and collections to electronic modes. Handling spikes of volume without any impact on timelines |
| KRA3 | Vendor Management | Maintaining a good relationship with multiple vendors Tracking vendor SLA Regular review mechanism to track vendor performance. |
| KRA4 | Managing Branch queries/clarifications | Coordinating with Banks/RTA to close out branch queries |
| KRA5 | Managing Subscription Reconciliation | Coordinating with branches, various banks and CAMS to ensure that there are no outstanding entries. |
| KRA6 | Ensure sufficient credit lines | Tracking of next day liability Engaging with banks to ensure sufficient lines Coordinate with RTA on the lines available at a bank level and how to use the same. |
2 - 4 years
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