Trust Administration Team Member - Estate Planning

Kotak Mahindra Bank Limited; Mumbai; Vor Ort; INR 900.000 - 1.500.000; Vollzeit

Zusammenfassung

Kotak Mahindra Trusteeship Services Limited in Mumbai is seeking a Chartered Accountant with 2–3 years experience to join the Trust Administration team. You will handle transaction processing, accounting and taxation for private family trusts.

You will coordinate with internal teams and stakeholders, ensure timely filings for IT, TDS, GST, and support audit activities while exploring technology enhancements with the BSG team to improve efficiency and service.

Qualifikationen

• Chartered Accountant with 2–3 years post-qualification experience.
• Strong knowledge of accounting and income-tax for private family trusts.
• Experience during articleship helpful for foundation in trust accounting.

Aufgaben

• Process transactions for trusts, distributions to beneficiaries, and payments to vendors within timelines.
• Maintain books of accounts and support quarterly tax calculations for trust clients.
• Prepare and file income tax returns, TDS and GST returns for trusts.
• Coordinate with multiple stakeholders across teams and individuals.
• Identify risk and suggest tech solutions to automate processes with BSG team.
• Assist with setting up trust documents and ensuring proper archival.

Kenntnisse

Stakeholder coordination

Communication skills

Team player

Problem solving

Ausbildung

Chartered Accountant

Jobbeschreibung

Team Member - Trust Administration-Estate Planning-Estate Planning Operations Department Estate Planning – Trust Administration Team Location Mumbai

Background: Kotak Mahindra Trusteeship Services Limited acts as Trustee to private family Trusts set up by HNI clients. The Trust administration team looks after the operations, service and other administrative activities for these Trust clients.

JOB ROLE

Transaction Processing: Execution of Investments / Distribution to beneficiaries / Payment to Vendors / Consultants within the stipulated time; Coordination with Internal Teams & Authorized signatories for timely execution of Investments; Ensuring timeliness & Utmost Accuracy; Ensuring Trust Investments are reviewed frequently by the Investment Advisors; Ensuring process prepared are Implemented, reviewed & updated at regular intervals.

Accounting & Taxation: Ensuring regular review of the Books of Accounts & yearly Audit; Finalizing and sending Advance Tax Calculation every quarter to Trusts Clients and ensuring timely payment; Preparing and Filing Income Tax Returns, TDS returns & GST returns of Trust Clients; Assistance on matters pertaining to Income Tax Assessment and Scrutiny for Trust Clients; Co-ordination with Auditors for matters pertaining to Income Tax Audit, GST etc.; Co-ordination with Internal Auditor for matters pertaining to Internal process Audit.

Risk & Technologies: Ensuring periodic review of database from risk perspective and to ensure that it is up-to date; Seek for Technology solution in coordination with BSG Team to automate work process with objective to increase work efficiency & better client service.

MIS: Understanding Trusteeship Fee Structure & reviewing Trusteeship Fee calculation; Ensuring all documents pertaining to Trust Clients are filed and saved properly; To be backup for client documentation work pertaining to Setting up of Trusts (timely execution of engagement letter and Deeds) and closure of Trusts whenever applicable (timely execution of processes).

Job Requirements

• Chartered Accountant with Minimum 2 to 3 years work experience post qualification
• Good knowledge in Accounting and Income-Tax for Private Family Trusts – with detailed knowledge of accounting for Investments and Capital Gains computation
• Adequate experience in Accounting and Taxation during Articleship
• Ability to coordinate & interact with Multiple Stake holders across Teams, Business & with Individuals within organization across levels
• Solution oriented with Strong communication skills
• Self-motivated with a passion to achieve & Team Player

KMTSL-TAT KMTSL-TAT Experience Level Mid Level