Director – Mutual Fund Operations at Turtle mint Mutual Funds Distributors Pvt. Ltd (2019-03 – Present)
- Entire Handling of Mutual Fund Operation – BSE Star MFS & NSE MFS II Ops
- KYC on boarding Online Platform – Signy (ICICI MF), CVL MF - Ind/Corp/HUF/Partnership
- Customer Creation by entry and upload on BSE, FATCA/UBO Creation, NACH Mandate Registrations
- Mail Back Report request for all RTA's CAMS & KARVY
- Importing of RTA data in system and reconciliation with our daily transaction book, both offline investment & online transaction on BSE STAR MFS
- Input of Transaction on BSE STAR MFS for Purchase/Redemption/SIP/STP/SWP – Payment by OTM, Cheques, RTGS, Online & DD
- Nomination Authentication, 2FA Validations for email and mobile no, KRA Validations for email and mobile no (KRA), Pan Aadhar seeding validations
- Sub Broker Brokerage Operation: Brokerage Calculation – Calculate upfront and trail brokerage based on AMC commission structures for Sub Broker, Process brokerage for SIP, lump sum, STP, SWP, and switch transactions, Apply brokerage rates according to distributor agreements and scheme rules, Validate commission eligibility and payment criteria
- Data Validation & Reconciliation – Reconcile brokerage reports with transaction and AUM data, Verify distributor codes, ARN mapping, EUIN, and commission rates, Identify and resolve calculation discrepancies before payment processing, Perform month-end and quarter-end reconciliations
- Commission Processing – Generate brokerage payout files, Coordinate with finance teams for timely commission payments, Monitor failed or rejected payouts and ensure corrective action, Process commission reversals, clawbacks, and adjustments where applicable
- Compliance & Controls – Ensure calculations comply with applicable regulatory guidelines and AMC policies, Maintain audit-ready documentation and calculation records, Support internal and statutory audits by providing required reports and explanations, Follow internal control procedures and standard operating procedures (SOPs)
- Reporting – Prepare daily, weekly, and monthly brokerage MIS reports, Generate distributor-wise, scheme-wise, and branch-wise commission reports, Analyse brokerage trends and highlight exceptions, Support management with operational dashboards
- Stakeholder Management – Resolve brokerage-related queries from distributors and AMCs, Coordinate with operations, finance, IT, and business teams for issue resolution, Communicate calculation changes and payout schedules to relevant stakeholders
- Brokerage Reconciliation RTA V/s AMC Quarterly Brokerage Rates: Data Files – WBR77 & MFSD205 – Quarterly Brokerage Rate Validation, Brokerage Reconciliation, Variance Analysis, Coordination, Reporting, Controls & Compliance
- GST Invoice Preparation against Brokerage Paid by AMC's
- Upload of Signed / Digital Signature Verified GST Invoice on Cams & Karvy Portal before 15th of every month
- Reconciliation of GST once paid by AMC monthly basis
- Coordination of Query handling with AMC's, RTA's & Banks
- Each Filing of DSC – Distributor Self Declaration on AMFI Portal, and simultaneously get the DSC from our sub broker till 30th Sept ever year
- Maintenance of Employee EUIN details, familiarity with regulatory amfi/Sebi circulars
- Handling Internal & External audit along with AMFI audit under 10% category for AUM above 100Cr
Assistant Manager-Mutual Fund-Operation at Dhruv Mehta Investment Advisors (2017-04 – 2019-02)
Mutual Fund Distributor ARN_14155, Member -- NSE MFS II.
Assistant Manager-Operation at Quant Capital (2010-09 – 2016-12)
- Back-office Operation Cash, F&O & CDS Operation (Back-office Software: Class & Prism-Soham)
- Entire Trade processing NSE Cash, BSE Cash, NSE F&O & NSE CDS
- Downloading of all reports from Exchange FTP of all exchanges
- Pay in Payout operation
- Generation of Contract Note and ledger of clients and pro account after file process
- Daily Activity Statement & Bank Reconciliation on daily basis
- Pro account trading
- Reporting of Margin
- Collateral Maintenance
- Client Reporting and Settlement
- Funds/positions and settlement
- Pledging of share to banks and institution for Funding requirement
- Pledging of approved securities with Exchanges for margin requirement after haircut
- Complete operation of back-office software, uploading of trade data i.e contract master, trade file, margin and position file on both exchanges and henceforth generating the MTM for the all the clients
- Downloading reports such as open position client position, S.T.T, stamp duty payable and service tax
- Looking after Annual, Half Yearly, Quarterly compliances. (NSE, BSE, MCX, NCDEX & FMC)
- Interacting with the clients for the shares and cheques for pay in and pay out
- Handling complaints of the clients
- Handling Queries relating to client debit credit
Assistant Manager-Operation at Quant Capital (2010-09 – 2016-12)
Debt - RDM & WDM Segment operations.
- Client Empanelment WDM & RDM
- Trades Capturing in Genesis system, Contract note generation
- Deal reporting for G-Sec, T-Bills, CP & CD
- Trades confirmation on NSE-NSENDM & WDM- Enit (off market)
- BSE ICDM-NDS deal reporting system
- Trade routing through with other broker one side / both sides
- Brokerage sharing MIS
- Brokerage Invoice's
- Daily and weekly MIS
- Dealer wise and Participant wise Brokerage outstanding MIS
- RDM-Deal Confirmation and Monthly invoice
- Global Wealth Operations-NSE/BSE Cash, Future & CDS
- NBFC - MTF (Margin Trading Funding) & LAS (Loan against Shares) (Back-office Software: Miles)
Back-office Executive at Trans Market Group Research (India) Pvt. Ltd. (2009-01 – 2010-07)
- Commodity Division
- Equity Cash, F&O & Currency Derivatives
Dealer – Cum- Back Office Executive at Nexus Multi Commodity Pvt. Ltd. (2006-08 – 2008-12)
- Dealing in F&O segment of MCX, NCDEX
