About the role
Position Name: Deputy Manager
Department: Registrar & Banking Operation
FORMAL EDUCATION: (minimum requirement to perform job duties)
·Post Graduate, Graduate with 1-3 years of experience in Financial Service sector
Knowledge, Skills & Expertise
·Post Graduate/Graduate with minimum of 3 years’ experience in operations role preferably from Mutual Fund or financial sector.
·Knowledge of Registrar, banking, depository processes
·Strong knowledge of reconciliations
·Understanding of SEBI Regulations
·Familiarity with asset management technology and operating platforms
·Experience of oversight on outsourced functions
·Effective knowledge of MS Word, Excel and PowerPoint
·Strong on analytics and problem-solving skills.
·Aptitude for encouraging positive relationships
Competencies
·Excellent Communication
·Collaboration
·Innovation & Continuous Improvement
Attributes
·Team player who thrives in a collaborative work environment
·Focussed approach and detail orientation
·Open minded, flexible, and willing to listen for other people’s opinions
·Interpersonal skills necessary to effectively communicate with a variety of individuals
·Excellent verbal and written communication skills
Job Responsibilities:
·Managing the Banking operations activities for the Mutual Fund
·Coordination with Banks for opening/closing scheme accounts and providing online access of the accounts to all the users.
·Tracking of subscription inflows in various collection bank accounts and updating the same in the inhouse application to provide timely and accurate cash flow reports to investment team. Initiating RTGS/NEFT/Fund transfers bank instructions (manual and physical) to various banks.
·Handling Redemption, Dividend & refund payouts, tracking of Rejection & issuing of warrants/DD.
·Strong ability to review and resolve breaks in reconciliation (Dividend/Redemption/Refund/Subscription)
Coordination with Service Providers
·Registrar coordination for processing of Investor transactions
·Review and Resolve queries from Investors / Distributors/Sales/Branch Team
·Co-ordination with Exchanges for NFO, scheme master set up, details on Investor transactions.
·Liasoning with Depositories for ISIN creation/activation/deactivation, Corporate action of investor transactions
·Reconciliation of TDS/Stamp duty data between RTA and FA records and initiating payout.
Operations Support
·Support launch of new products and services
·Review of Scheme Information Documents/Addendum, etc.
·MIS on Investor Transactions, Systematic Investment Plans, etc.
·Knowledge of Mutual Fund Regulations
·Review of Banking Agreements
·Handling Internal, Statutory audit & Regulatory audit
·Strong knowledge of MS Excel, MS Word
·Preference will be given to candidate with Advanced Excel knowledge