Accounting and Back Office Operations Executive

As an Accounting and Back Office Operations Executive, you will play a pivotal role in ensuring the smooth functioning of client accounts and back-office operations. Your responsibilities will encompass client onboarding, transaction management, trade settlements, accounting, and compliance with statutory regulations.

Key Responsibilities

Accounting:

• 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.

Back Office Operations:

• Manage the end-to-end client onboarding process, including KYC verification and account setup.
• Process and record client pay-ins and pay-outs for trades.
• Ensure timely completion of T+1/T+2 settlement obligations.
• Reconcile daily trades with stock exchanges, ensuring accuracy in trade settlements.
• Generate and distribute contract notes, trade confirmations, and margin reports to clients.
• Process payouts and pay-ins of funds and securities within prescribed timelines.
• Handle client queries related to trade execution, account balances, and discrepancies.
• Maintain accurate records of all client transactions, corporate actions, and account activities.

Qualifications and Skills:

• Educational Background: Bachelor’s degree in Accounting, Finance, Commerce, or a related field.
• Experience: 2+ years of experience in accounting or back-office operations, preferably in stockbroking or financial services.
• Proficiency in accounting software and stock trading platforms.
• Strong understanding of stock market operations, settlement cycles, and regulatory requirements.
• Knowledge of GST, TDS, and other tax-related compliance.
• Excellent numerical skills and attention to detail.
• Strong communication skills for client interactions.
• Ability to manage deadlines and work under pressure.
• Experience using KORP or other relevant software a BIG PLUS

URGENTLY HIRING!!