Executive Jobs - Mumbai - Power Exchange India Limited (PXIL)

Eligibility : BBA/BBM, B.Com

Location : Mumbai

Last Date : 25 Oct 2016

Salary : 100000 - 120000 Rs Per Year

Year of passing: 2012 - 2016

Power Exchange India Limited PXIL - Job Details

Reporting to Asst Manager
Grade Executive
Department Membership and C&S
Location Mumbai

  • Processing Membership & Client Application Form 
  • Scrutinise application form and documents therewith.
  • Data entry of the applicant in CRM (Powered by Tally).
  • Filing of documents in the designate file.
  • Follow-up with the Business development team and applicant &/or members for pending documents & Fees.
  • Update applicants and/or members and business development team about membership status.
  • Updating respective policy changes or deviations wrt membership.
Committee Meetings
Coordinate with respective personals for arrangement of any committee meeting as per checklist
Follow-up with respective members to schedule a meeting.
Prepare Agenda and Minutes of the Meeting.

Data Management
Entry of data in respective masters
Filing of the membership and client application forms and documents received
Updating file masters
Periodic check of files

Preparing  and sending daily MIS of Membership and C&S to concerned authorities

Account Activation 
Welcome Kit- Letter informing activation, Operating procedure for members shall be posted to the member.
Details would be sent to IT team for setting up the hardware and software and getting the schedule from them.
Tracking, scrutiny, Fee collection, taking approval of Membership application and Updating records in excel
Intimation to Accounts team for collections of fees and deposits and issue invoice & receipt &/or Inter Office Memo.

Clearing & Settlement
Initiating and coordinating Opening of Settlement Account with one of the designated Clearing Banks
Reconciliation of payin obligation, trade obligation and margin blocking and transactions generated at C&S.
Follow-up for payin obligation and trade margin with members and/or clearing banks
Run the payin payout process
Generate and send Bank Transactions file to Accounts Team
Processing margin release requests of members
Tracking of non-cash collaterals and timely follow-up for renewal and send letters to member and/or BD Team
Invocation of Collaterals in case of failures to pay towards settlement.
MIS Reporting
Send C&S reports to members and/or BD Team
Verification of Account balances with the Clearing banks and with the accounts team for daily reconciliation.
Maintaining member wise IFSD balances and reconciliation with the respective banks and the accounts team.
Filing of respective documents

Candidate Profile
Qualification: Commerce Graduate

Previous Experience: Fresher
Personal Attributes
Strong Initiative
Strong problem-solving skills, an analytical mindset, good communication skills

Hiring Process : Face to Face Interview

Job Role: Others

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About Power Exchange India Limited PXIL

Power Exchange India Limited (PXIL) is India’s first institutionally promoted Power Exchange that provides innovative and credible solutions to transform the Indian Power Markets. 

A deep understanding of the local markets is matched by PXIL’s non-partisan, unbiased and often fearless functioning, at times even in the face of uncomfortable conclusions.

Our core values are – integrity, excellence, commitment and continued innovation. These are the bedrock on which the edifice of PXIL stands. 

PXIL’s unique combination of local insights and global perspectives helps its stakeholders to make better informed business and investment decisions, improves the efficiency of the power markets, and helps shape policies and projects. 

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