Gurgaon, Haryana, India
• Experienced Finance professional covering areas of Delivery, Project Management, Operations Management, Transition, Client Management and Audits in financial services industry. • Experienced in setting up new processes as part of new start up business in outsourcing and captive services. • Successfully transitioned various clients from NAM and EMEA regions • Experienced in setting up new teams across financial and regulatory reporting projects • Experienced in leading large teams and creating COE for financial and regulatory reporting processes. • Experienced in leading/managing multiple processes and projects. • Experienced in building robust mechanism/model of training function and operations audit at site level. • Exposure of various internal/external audits and due diligence reviews.
• Leads Fund Accounting and reconciliation process for hedge funds, Fund of Funds and Managed Accounts clients based out of APAC region. Leading team of 40 accountants responsible for preparing Cash, Position, Trade and other reconciliations for daily, weekly and monthly valuation funds. • Responsible for meeting SLAs; continuous review of delivery schedule to ensure better services. • Identification of operational and other risks and implementation of necessary controls. • Responsible for Client service reviews; implementation of action plan and ensuring best services to the client • Responsibility for client profitability, managing costs and taking steps to increase margins in line with organizational goals. • Managing portfolio of 45+ clients, 100+ Funds including 5+ top revenue generating clients. • Smooth on-boarding of new clients, pre assessment of requirements and challenges and ensuring availability of all the resources. • Responsible for yearly Financial Reporting of hedge Funds as per IFRS. Preparation of end-to-end financial statements including balance sheet, income statement, changes in NAV, financial highlights, notes to FS and word document. • Mentor and coach team especially managers and critical employees; ensuring frequent leadership connects with the team. • Responsible for periodic feedback, year- end appraisals, finalization of increments considering budgets assigned and bell curve. • Leading IT & Infrastructure committee at the site which is responsible for ensuring availability of basic facilities for employees. • Previously managing separate teams of Financial, Regulatory and Tax Reporting for NAM and EMEA regions.
• Lead Financial, Regulatory and Management Reporting functions for Long Funds and hedge Funds. • Lead strong teams of 90 professionals experienced in preparation of quarterly, semi-annual and annual financial and regulatory reports for hedge Funds as per US GAAPs and IFRS for North America and EMEA regions. • Managed portfolio of 100+ clients, 600+ funds including 35+ top revenue generating clients. • Responsible for Client Management, SLAs, Operations Management, Recruitment and Due Diligence. • Responsible for P&L, Costing and Strategic Planning for teams. • Responsible for tracking Demand and Billing of resources, achievement of efficiency targets for all the processes at the site. • Lead Risk and Compliance team responsible for CoB planning, checking of access level to broker sites and applications, Call tree testing, risk related to various applications used in operations, timely termination of accounts of employees leaving, entitlement reviews etc. • Managed quality audits, internal audits and due diligence at the site level for various functions like reporting, pricing, transfer agency etc.
•Leads Financial, Regulatory and Management Reporting functions for hedge Funds. •Leading strong teams of 60 professionals experienced in preparation of quarterly, semi-annual and annual financial and regulatory reporting for hedge Funds as per US GAAPs and IFRS for North America region. •Successfully transitioned Financial Reporting and Management Reporting functions from third party administrator to Citi Captive in a span of three months. •Implemented many innovative ideas which converted manual workings in shape of EUCs resulted in saving of time and improvement in quality. •Responsible for Client Management, SLAs, Operations Management, Recruitment and Legal and other process documents. •Helped leadership team in building the new captive site, migration of processes, recruitment, establishing risk and control model and setting up training and development function.
Managing Financial Reporting process for large Hedge Fund Administrator based in US. Leading team of 54 resources (including 5 managers) and responsible for performance measurement, monthly and annual appraisal. Process involves preparation and review of quarter-end, interim and year-end financial statements as per US GAAP & IFRS. Financial statements include balance sheet, income statement, statement of partner's capital, cash flow, financial highlights, condense schedule of investments and notes to financial statements. Ensure disclosure in financial statements related to investment in securities, derivative instruments and SPV; disclosure of Fair Value (ASC 820) and Derivative Instruments (ASC 815) in notes to financial statements. Consolidation of financial statements as per ASC 810. Responsible for achieving Contribution Margin targets set for the process. Responsible for meeting SLAs, Monthly Operational Review and Operating Committee Reviews with client. Initiate Weekly Status calls for discussion of priorities, client feedback and expected deliveries. Ensure preparation of process documents like Measures & Matrix plan (as per SLA), FMEA, Communication & Escalation plan, Process SOPs, Dashboards, Monthly Review Reports, Balance Score Card, Accuracy reports, Error Analysis etc. Delivery Management and ensuring complete customer satisfaction & delight by timely and quality delivery and continuous process improvement. Created highly comprehensive training engine for new resources to ensure smooth on-boarding on the process. Finalization of monthly incentives and variable pay out's of team members and managers. Responsible for yearly appraisals and feedback to managers and team members. Responsible to get done SAS 70, ISO 9K and ISO 27K certification audits by external auditors. Represent Financial Reporting process during various client visits and probable customer visits.
Key Job Responsibilities Providing functional support (General Ledger, Accounts Payable, Accounts Receivable modules) to accounts & finance personnel for ERP (Oracle 11i) implementation. Preparation and consolidation of financial statements of all the branches as per Indian GAAP. Inter-Branch reconciliations and passing accrual entries. Preparing MIS on financial performance compared to budget and past data. Analysis of monthly data, presenting reports on variations with comparison to past data Preparation of quarterly P&L Variance analysis, compiling and comparing actual with budgeted estimates. Inter Company & Intra Company Ratio Analysis. Preparation of Short term and Long term Budget reports. Conduct internal audit right from checking accounting entries, payments to suppliers, billing to customers till finalization. Management audit of all the branches with respect to policies & procedures. MIS reporting which includes consolidation and analysis of reports relating to national and regional sales, collections, target deviations etc. Exposure to Legal and Secretarial Audit of the company. Achievements Appreciation letter for outstanding performance in handling the Financial and Legal Due Diligence Review of company conducted by PWC and Amarchand & Mangaldas. Brought uniformity and streamlined the Accounting Practices and Policies being followed across all the branches. Implementation of ERP (Oracle 11i) in the organization.