Financial Operations Manager
1 day ago
We are a reputable organization seeking an experienced Financial Operations Manager to join our team in Surat, Gujarat, India.
Job DescriptionThis role will oversee the financial and IT operations of our company, ensuring seamless execution of daily tasks and maintaining accurate records.
- Accounting Responsibilities:
- Maintain and update client ledgers, tracking deposits, withdrawals, and trading margins.
- Reconcile daily balances to ensure accuracy in client accounts.
- Reconcile executed trades with exchange and back-office systems.
- Calculate and record brokerage, statutory fees (GST, STT, SEBI charges, stamp duty), and other trade-related charges.
- Generate detailed P&L reports for clients and provide charge breakdowns.
- Deduct and record applicable taxes, ensuring accurate reporting to authorities.
- Assist clients with capital gains accounting and generate tax-related reports.
- Reconcile trading balances with bank accounts and back-office records, ensuring no discrepancies.
- Ensure compliance with GST, TDS, and other tax-related obligations.
- Reconcile bank accounts, client accounts, and trade settlements regularly.
- Coordinate with external auditors for internal and statutory audits.
- DP Front Office Operations:
- Open Demat accounts and verify client documentation.
- Process securities transfers, pledges, and corporate actions like dividends and bonuses.
- Monitor and maintain daily transactions in clients' Demat accounts.
- Resolve client queries regarding securities holdings, transfers, and account statements.
- Coordinate with NSDL for operational requirements and updates.
- Generate periodic Demat account statements and dispatch them to clients.
- Ensure compliance with depository guidelines for dormant and active accounts.
- IT Operations:
- Oversight of trading platforms and IT system maintenance.
- Implementation of data security measures, including backups and encryption.
- Monitoring of system performance, ensuring minimal downtime and high efficiency.
- Coordination with software vendors for updates, patches, and integrations.
- Technical support to clients for trading platforms and related tools.
Requirements:
- Bachelor's degree in Accounting, Information Technology, or related fields.
- Minimum 2 years of experience in accounting, IT operations, or DP front-office management.
- Proficiency in accounting software (e.g., Tally) and MS Office tools.
- Familiarity with trading platforms, IT infrastructure, and Demat account operations.
- Strong analytical, technical, and problem-solving skills.
- Ability to handle multiple responsibilities with high accuracy and efficiency.
Estimated Salary: ₹12,00,000 - ₹18,00,000 per annum
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