Arun Kumar Mahendrakar

SMSF (Self-Managed Superannuation Fund)
Roles and Responsibilities

• Reconciliation of bank accounts and processing transactions.
• Reconciliation of portfolio accounts.
• Review and reconcile member-related transactions, such as rollovers, contributions, and pension withdrawals.
• Reconciliation of investment income and expenses of the fund.
• Reconciliation of foreign banks and foreign investments.
• Reconciliation of residential and commercial properties.
• Reconciliation of Payables and Receivables.
• Reconciling the day-to-day transactions for about 120 SMSF funds.
• Preparing reconciliation reports of investment summary, Capital gains, Distribution, GST.
• Preparation of detailed Workpapers with linking supportive documents and bookmarks.
• Financial reconciliation, managing workflow, and focusing on turnaround time.
• Ensuring jobs are completed effectively by meeting technical standards and deadlines, and ensuring that client expectations are met.
• Providing strategic tax planning and helping to reduce tax liabilities for clients.

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Roles and Responsibilities

• Managed the submission and follow-up on insurance claims, ensuring compliance with regulatory requirements and addressing any discrepancies to expedite payments.
• Analyzed and resolved claim denials by investigating the root causes, coordinating with relevant departments and implementing corrective actions to minimize future occurrences.
• Facilitated communication with insurance providers to clarify billing inquiries, resolve issues, and provide updates on account statuses.
• Generated and analyzed AR reports to track key performance indicators, identify trends, and recommended process improvements to enhance efficiency and reduce outstanding balances.
• Provided Guidance and training to juniors (new hires) on AR processes, best practices, and compliance standards fostering a collaborative and efficient work environment.