Abhijeet Paralkar
Associate Manager
Mumbai
Summary
Results-driven finance professional with over 15 years of experience in Loan Syndication, Private Equity, and Fund Accounting. Proven track record of optimizing operational efficiencies by 30% and enhancing client satisfaction through strategic process improvements. Advanced expertise in NAV Calculation and Excel ensures high-quality deliverables in fast-paced environments. Career aspirations include leveraging financial acumen to drive innovation and growth within leading firms.
Overview
24
24
years of professional experience
Work History
Associate Manager
State-street India Pvt Ltd
12.2019 - 09.2024
- Process Overview: Bank Loan Syndication: Recon and Accounting
- Administrating Reconciliation of cash & position and completing cash flow statement for client review
- Processing Accounting of Bank Loan related activities in accounting systems and preparing of lenders Capital statement after booking of Cap-call contribution based on allocation file
- Ensuring all trades are settled as per Funding Memos received from IM.
- Reviewing rollover, pay-down, Borrower conversion, restructure, Rate Change
- Liaising with support areas such as Asset Administration, Cash Team, Lead Agent Bank, and CRM Team to ensure seamless processing of Activities
- Handling queries from Client, Auditors and providing back up for queried transactions
- Monitoring cash account and identifying critical issues before deadline to avoid Overdraft
- Valuation: Reviewing and Approving calculation of Unrealized Gain/Loss for all Deals and book the same in the system, cross check the same with Current Market Value based on Current Prices
- Reviewing internal operating account for Receipt / transfer of funds and perform daily account and cash reporting
- Responsible for the oversight and management of the generation of the daily sign off to the Clients in a timely manner, ensuring daily reconciliation Management by Establishing a robust review system within the team to improve the quality of breaks commentary and resolution of aged breaks
- Communicate with global locations Brokers and other stakeholders to maintain and improve best practice for operations and customer service
- Assess impacts of regulatory changes
- Identify and implement consistent operational best practices
- Organize and drive internal meetings and compile related Work to ensure process standardization across global product reporting, applied to both workflow practice and work tools that are used
- Ensure a robust and scalable production process
- Works closely with the Technology, project team and other stakeholders to review, documentation
- Coordinate the on-boarding of new funds, systems and processes as well as assist with client conversions and other client projects
- During the course of normal day to day operations, responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures
- Train, develop and motivate new staff, as well as complete performance appraisals
- Provide staffing recommendations by interviewing new personnel and making effective hiring decisions
- Make effective recommendations for promotions, salary increases and bonuses through Performance Appraisal Process
- Prioritize and track the progress of automation opportunities
Team Leader - ASC EMEA– NAV Validation
JP Morgan Services India
03.2011 - 05.2017
- Rendered assistance in reviewing month-end NAV statements of Pension and Mutual Funds
- Formulated P&L for clients following clients procedures and focusing on price variances
- Managed trade, position and cash reconciliations and generated adhoc reports as per Fund Manager instructions
- Validated Net Asset Value (NAV) for the portfolio on a daily basis
- Ensured thresholds (Basis points) of NAV were not exceeding the limit as per SLA
- Conducted audit of the fund and performed final sign-off to publish the NAV
- Led the preparation of governance deck for monthly call, resolved customer escalations and IT issues
- Led a team of 5 staff members for MF Processes (NAV validation)
- Coordinated with Client Service Team on a regular basis on different operational issues
- Administered and facilitated end-to-end Bond Amort Accounting; determined daily EIR (Effective Interest Rate) for bond securities
- Applied & executed regulatory guidelines for the debt instruments with re-estimated cash flows
- Assessed distressed bonds within funds and developed consolidated provisions for such assets
- Devised and implemented new ideas to understand the procedures for desk coverage purposes
Team Leader
Statestreet Syntel India Pvt ltd.
Mumbai
11.2006 - 03.2011
- Headed a team of 18-20 staff members for Pension Fund Accounting Process and Client Directed Cash Activity, Mentored managed group performance, shared feedback and recommended suggestions to enhance the same; ensured the achievement of quality target
- Supervised & documented team attendance by actively planning leave calendar and monitoring leave tracker
- Responsible for processing cash activities including Wire Transfers, FTF Transfers, booking of capital calls, Distributions, Management fees and other expenses in client books
- Conducted one-on-one session with team members to analyze gaps, groom and reward best performers
- Engaged in performance appraisals for the team
- Administered customer relationship operations, interfaced with clients on a regular basis on different operational issues, thereby maintaining healthy working relations resulting in client delight
- Developed MIS reports indicating KPIs & service quality; created individual wise performance scorecard for KPIs improvement, continual improvement, revenue enhancement as well as the cost reduction
- Acted as the primary contact and key escalation point for operational issues; effectively resolved escalated issues related to BU Shared Services and COEs
- Rendered support to team in calculating Net Asset Values for various entities and their respective investors
- Performed reconciliation & research of IM share position market value & accruals with bank reports
- Ascertained clients’ procedures were accurate and updated with current information and implemented new ideas to understand the procedures for desk coverage purposes
Associate
Ocwen Financial Solutions Pvt. Ltd.
02.2005 - 11.2006
- Developed various mortgage reconciliation statements and documents in client approved software and ensured daily errors (as received from client) are reviewed
Tax Preparer
Sureprep India Pvt. Ltd.
12.2002 - 02.2005
- Company Overview: ISO 9000:2000
- Engaged in preparation of Income Tax returns (1040) of US citizens in IRS approved software
- ISO 9000:2000
Accountant
M/s N.M. Mehta & Associates
06.2000 - 12.2002
- Company Overview: C.A
- Firm
- Managed the activities entailing preparation of balance sheet of individual, partnership concern and company, filing of Income Tax Return, Bank Reconciliation and Auditing of company’s accounts
- C.A
- Firm
Education
PGDBM -
NMIMS
Mumbai04.2015
B.COM -
Mumbai University
Mumbai04.2000
Skills
- Team Management
- Loan Syndication
- Fund Accounting
- Cash Management
- Private Equity
- NAV Calculation
- Proficient in Excel
Accomplishments
- Led a team to achieve 'Outstanding Team of the Q1-Q2 2015', 01/01/15 - 06/30/15
- Green Health Check, 01/01/20 - Present, Maintained & ensured 'Green' Health Check as per agreed KPIs from Jan'14
Hobbies and Interests
- Swimming
- Reading
- Cooking
Languages
- English, Full Professional Proficiency
- Hindi, Full Professional Proficiency
- Marathi, Full Professional Proficiency
- Gujarati, Professional Working Proficiency
Honorawards
- Extra Miler, 04/01/15 - 06/30/15, JPMC, Acknowledged & awarded for excellent performance Q2-2015
- Zing Award, 02/01/15 - 09/30/15, JPMC, Awarded for attaining performance excellence and client satisfaction.
Timeline
Associate Manager
State-street India Pvt Ltd
12.2019 - 09.2024
Team Leader - ASC EMEA– NAV Validation
JP Morgan Services India
03.2011 - 05.2017
Team Leader
Statestreet Syntel India Pvt ltd.
11.2006 - 03.2011
Associate
Ocwen Financial Solutions Pvt. Ltd.
02.2005 - 11.2006
Tax Preparer
Sureprep India Pvt. Ltd.
12.2002 - 02.2005
Accountant
M/s N.M. Mehta & Associates
06.2000 - 12.2002
PGDBM -
NMIMS
B.COM -
Mumbai University
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