Back Office Executive

Progressive Share Brokers; Mumbai; On-site; INR 350,000 - 550,000; Full time

Job summary

Progressive Share Brokers in Mumbai is seeking a Billing Analyst to generate contract notes and apply brokerage charges with high accuracy. You will compute statutory levies and reconcile daily trade files against the back-office ledger, ensuring precise client billing.

Responsibilities include handling delayed interest, corporate actions adjustments, and resolving billing disputes. Strong Excel skill and clear communication are essential; a proactive, problem-solving mindset is required.

Qualifications

• Strong communication skills and ability to interact with clients.
• Proficient in Excel and data handling.
• Positive problem-solving attitude.

Responsibilities

• Generate contract notes daily detailing executed client trades, strike prices, and brokerage fees.
• Calculate brokerage charges accurately based on client tariff plans.
• Apply statutory levies including STT, GST, stamp duty, and exchange transaction fees to bills.
• Compute delayed payment interest for clients utilizing margin or ledger debits.
• Reconcile daily trade files from exchanges with back-office ledgers.
• Adjust client accounts for corporate actions like dividends and splits.
• Resolve billing disputes raised by clients or relationship managers regarding charges.
• Issue authorized credit/debit notes to correct billing errors and ledger discrepancies.
• Maintain audit trails of daily billing data to comply with exchange and regulatory rules.

Skills

Communication skills

Problem solving

Tools

Excel

Job description

Role & responsibilities

• 1. Generate contract notes daily detailing executed client trades, strike prices, and brokerage fees.
• 2. Calculate brokerage charges accurately based on specific retail or institutional client tariff plans.
• 3. Apply statutory levies including STT, GST, stamp duty, and exchange transaction fees to bills.
• 4.Compute delayed payment interest for clients utilizing margin trading or carrying ledger debits.
• 5. Reconcile daily trade files received from exchanges against internal back-office system ledgers.
• 6. Adjust client accounts for financial impacts of corporate actions like dividends and splits.
• 7. Resolve billing disputes raised by clients or relationship managers regarding unexpected charges.
• 8. Issue authorized credit notes or debit notes to correct billing errors and ledger discrepancies.
• 9. Maintain audit trails of daily billing data to comply with exchange and regulatory rules.

Preferred candidate profile

• Candidate must have a good Communication Skills
• Well Versed with Excel working
• Also must have a problem solving attitude