Summary
Overview
Work History
Education
Skills
Websites
Certification
Applications Tools
Timeline
Generic

Akshath Bhaskar

Bangalore

Summary

Finance professional with extensive experience at State Street Corp, specializing in financial reporting and US GAAP compliance. Demonstrated success in fund accounting and financial analysis, with strong communication skills for client and stakeholder engagement. Expertise in enhancing performance metrics and delivering accurate, high-quality financial statements, ensuring compliance in all reporting activities.

Overview

15
15
years of professional experience
1
1
Certification

Work History

Assistant Manager

State Street Corp
Bengaluru
07.2023 - Current
  • Preparing and presenting the financial statements for mutual funds as per US GAAP standards.
  • Preparing and reviewing the financial statements as per U.S. GAAP and SEC regulations.
  • Review the NCSR filings for annual and semi-annual funds, and NMFP holdings for money market funds.
  • Handling the Production Tracker, Quality Metrics, and KPI.
  • Working closely with the treasury team, the performance team, and the Audit & Oversight team for support and query resolution.
  • Reviewing the NQs, semi-annual and annual funds, built in the ARC application as per the client procedure.
  • Working on the pre-work and production activities each cycle.
  • Discussing and resolving the queries internally and with the client/onshore through different modes of communication.
  • Responsibilities for handling the book coordination comprise the cover page, SOI, financial statements, notes to financials, and non-FS, and ensure the delivery of the funds to clients/auditors.
  • Applications used: Fund Suite – ARC, BGLM Macro, MCH, My State Street, and MS Office.

Senior Associate

APEX Fund Services LLP
Bangalore
01.2022 - 07.2023
  • Preparing and presenting the financial statements for mutual funds and hedge funds as per IFRS and US GAAP standards.
  • Preparing and reviewing the financial statements as per U.S. GAAP and IFRS standards.
  • Working on the mutual funds, hedge funds, and private equity funds.
  • Working on the different financial statements for presentation, such as the Statement of Financial Position, the Statement of Comprehensive Income and Expenses, the Statement of Changes, the Statement of Cash Flows, and the Notes to Financial Statements.
  • Responsible for working on the Schedule of Investments to derive the Fair Value of Investments and costs for the different investments and sectors by region.
  • Interacting and communicating with the multiple stakeholders, such as the onshore team, client, and auditors, and ensuring to follow the accounting policies and procedures as per the checklist.
  • Responsible for preparing and reviewing the FAR (Fund Annual Return) as per CIMA for both mutual and private equity funds that are registered in the Cayman Islands.
  • Working closely with the Fund Accounting team and the Infinity team for support and query resolution.
  • Providing training to new joiners and peers for delivering quality funds to the client.

Team Leader (IC Role)

HCL Technologies
Bangalore
10.2018 - 01.2022
  • Performed deployment reconciliation activities for Cash and Positions
  • Owned projects starting from requirement gathering phase to production completion, by adhering to waterfall project life cycle
  • Prepared Set spread sheets to enhance data into the TLM/PLM system which is accurate to understand the balances, transactions, and holdings
  • Provided extensive reconciliation to custodians (External) and accounting agents (Internal)
  • Identified and managed all operational risks
  • Worked closely on historical data for reconciliation which is coming from Legacy system into the TLM system
  • Worked on BUAT and PROD environment for testing and go-live phases
  • Worked on templates like DRS and DS Mapping and Initial Flat File Analysis
  • Reached out to custodian banks, data providers and account managers to ensure accuracy and consistency of reports

Team Leader (Team size 12)

State Street HCL Services India Pvt Ltd
Chennai
03.2013 - 10.2018
  • Prepared and Presented Funds Financial Statements and Reports (US GAAP)
  • Prepared Mutual Fund Investment Company’s financial statements and reports as per US GAAP and Securities Exchange Commission (SEC)
  • Prepared Statement of Assets and Liabilities, Income and Expenses Statement, Statement of Cash Flows, Statement of Changes in Net Assets, Notes to financials and Financial Highlights ratios
  • Updated MIS reports, Dashboard reports based on the reports we deliver to clients and error log reports, received comments from Onshore Team
  • Analyzed Net asset value, Net investment income, Capital stock transactions, financial highlights ratios, Unrealized and Shares outstanding
  • Managed communications with clients/onshore teams for pre-cycle and post-cycle processes during production
  • Allocated funds/accounts to team members and reviewed the funds to maintain standard quality
  • Guided team members by resolving their issues using RCA process and trained new joiners
  • Prepared matrix of each team member to evaluate their performance
  • Involved in the workforce hiring process to build a team

Business Analyst

Kudos Knowledge Services India Pvt Ltd
Bangalore
11.2010 - 06.2012
  • Identified and reconciled security pricing, security description, ticker, and stock market indices to support trading, confirmations, and asset servicing
  • Managed fund accounting which included reconciliation of purchase and sales report with the various trade instructions received from different advisors
  • Analyzed and validated trades considering aspects such as price, type of financial instrument, money market instruments and involved in calculating NAV
  • Set up securities in the accounting system as per the type of security (e.g. Equity, fixed income, floating income) by analyzing the third-party services like Bloomberg/IDC
  • Recorded the Corporate Action trade in RKS application impact on active securities portfolio
  • Processed securities positions to arrive at shares unit daily
  • Ensured trade cut off time are maintained, to enable the NAV team to publish the NAV on a timely basis
  • Handled reconciliation of cash, investment holdings, dividends, dividend reinvestment with custodian
  • Applications/Tools: TLM, TLP, PLM, Fund Suite, Bloomberg, Paxus and MS office

Education

Master of Business Administration - Finance and Marketing

R R College of Management studies
Bengaluru, India
01.2010

Bachelor of Commerce -

Vivekananda Degree College
01.2008

Pre University College of Commerce -

Basaveshwara Pre-university College
01.2005

High School -

Bright Horizon High School
01.2003

Skills

  • Financial reporting
  • US GAAP compliance
  • Fund accounting
  • Financial analysis
  • Performance metrics
  • Client communication

Certification

  • Diploma in Accounting: Tally
  • MS Office Package: MS Excel

Applications Tools

  • TLM
  • TLP
  • PLM
  • Fund Suite
  • Bloomberg
  • Paxus
  • MS office

Timeline

Assistant Manager

State Street Corp
07.2023 - Current

Senior Associate

APEX Fund Services LLP
01.2022 - 07.2023

Team Leader (IC Role)

HCL Technologies
10.2018 - 01.2022

Team Leader (Team size 12)

State Street HCL Services India Pvt Ltd
03.2013 - 10.2018

Business Analyst

Kudos Knowledge Services India Pvt Ltd
11.2010 - 06.2012

Master of Business Administration - Finance and Marketing

R R College of Management studies

Bachelor of Commerce -

Vivekananda Degree College

Pre University College of Commerce -

Basaveshwara Pre-university College

High School -

Bright Horizon High School

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Akshath Bhaskar