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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
Money management made easy
Understanding direct and indirect taxes
Know how to plan retirement well
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The purpose of this job is :
oTo skilfully execute all the vital cyclical activities within fund accounting operations such as
oPreparing and maintaining the expense master & updating expense changes
oCarrying out vital reconciliation activities such as NAV change report
oCarrying out dividend rate calculations on an Adhoc and cyclical basis
oConducting checks on financials/portfolios
oEnsuring NAV uploads
oPreparing vital MIS and regulatory/ internal compliance reports
in a timely, accurate and compliant manner
oTo run regular checks on the output/ deliverables of the Fund Accountant to ensure accuracy
oTo highlight critical reconciliation or process gaps in a timely manner to the right stakeholders for resolution
Job Context & Challenges:
Job Context
Key facets :
oNAV computation lies at the heart of the transaction cycle and hence accuracy of internal processes that feed in to the NAV calculation , without exceptions, become extremely critical to business operations as a whole
oCritical vendor dependencies exist for fund accounting process and hence monitoring accuracy and timeliness of both inputs to vendors as well as deliverables from the vendors becomes vital
oHigh transaction volumes and specific time windows of operation. Transaction accuracy crucial from regulatory, reputational and profitability perspectives
Key Challenges
oTo maintain data integrity and accuracy despite large volumes and business volatility
oTo ensure checks are put in place for all process and sub process steps in order to minimize errors
oTo manage stringent timelines across all processes and stakeholder requirements
oTo stay updated on the requirements of the regulators – SEBI, RBI, AMFI and ensure that the requirements are being complied with
oTo identify gaps in a timely manner through reconciliations
| KRA (Accountabilities) (Max 1325 Characters) | Supporting Actions (Max 1325 Characters) | |
|---|---|---|
| KRA1 | Dividend Declaration | oProvides inputs for dividend rate calculation based on NAV, distributable surplus & logic provided by sales team & by referring to the calendar for dividend cycles oEnsures rate approval by sales head |
| KRA2 | Expense Administration | oTracks expense master for over 120 schemes oWorks with Fund Accountant , Products Team, Fund Managers & Finance to oOperationalize expense changes oTo ensure changes are within regulatory [ SEBI] limits oTo check finance calculations oTo check if the Trial Balance reflects the changes correctly oUploads expense structure on BSLAMC website after all relevant checks |
| KRA3 | NAV Checks & Upload | oNAV Computation Checks oChecks if dividend has been given as per dividend cycle oChecks dividend rate against distributable surplus oChecks for base NAV breach oNAV Change Report oCompares previous day to current day and reports exceptions [Abnormal movement of capital balances ] oReports outstanding oNAV upload oUploads NAV two days after quarter closure oEnsures accuracy of NAV upload on AMFI website |
| KRA4 | Financials & Portfolio Checks | oChecks financials received from Fund Accountant and highlights errors if any for correction oPublishes financials on a half yearly basis on the website oEnsures what is published is completely reconciled with Fund Accountant output oEnsures alignment with base data for oAbridged financials, abridged portfolio, sectoral |
| KRA5 | Gold ETF / FOF | oInforms fund managers to buy gold as per subscription oGives entries to Fund Accountant for entries into schemes |
| KRA6 | Reconciliations | oReconciles monthly upload of expenses on website oReconciles all expense changes [ IEF fees, AMC fees, Audit Fees, M&S fees etc ] oReconciles money available in trial Balance under each expense head oReconciles expenses accrual [ from trial balance ] against cash flow inputs [ what has actually been paid] |
| KRA7 | Audit Preparation & Internal MIS/Regulatory Reports | oChecks reports that come from Fund Accountant before submission to compliance oCoordinates with CAMS, Fund Accountant, Custodian to prepare data and share with Auditors oWorks on closure of audit observations, if any oPrepares various internal MIS |
2 - 6 years
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