Alka Varma
Mumbai
Summary
Highly-motivated employee with desire to take on new challenges. Strong worth ethic, adaptability and exceptional interpersonal skills. Adept at working effectively unsupervised and quickly mastering new skills.
Overview
11
11
years of professional experience
Work History
Assistance Vice President
Apex Fund Services LLP
PUNE
12.2020 - Current
- Reporting: Private Equity and Hedged Funds, Preparation of end to end Financial Statements under the arch of IFRS GAAP and US GAAP (Australia, Abu-Dhabi, Bahrain Dubai and Singapore based clients)
- Preparation of Financial Statements with cash flow and accompanying notes for the perusal of the clients and the auditors
- Preparation and review of Financial Statements of Hedge Fund, Private Equity, Real Estate, Master Feeder, SPC’s etc.
- In different GAAPs, mainly in IFRS, US GAAP and UK GAAP.
- Interpretation of the PPM and the LPA necessitated at the inception of the fund and the applicable disclosures namely basis of preparation, accounting standards, policies and estimates need to be adhered to, capital description, risk policy disclosures, subsequent events and comparatives
- Analysis of production reports to best practices post extraction from Paxus platform and reconciliation through cross checks
- Resolving queries raised with discussions by Onshore, Client, Auditor and Director and the comments and upgradations under the compliances.
- Acted with minimal direction in self-directed capacities to resolve issues and implement strategies.
- Mentored junior personnel to influence strategy and research objectives.
- Promoted positive team environment through effective motivational strategies and mediation of issues amongst associates.
- Managed team resources, including assigning tasks, monitoring progress, and ensuring deadlines were met.
- Delivered high level of service to clients to both maintain and extend relationships for future business opportunities.
- Researched issues and made quick decisions to achieve efficient and effective resolutions.
- Built and maintained relationships with peers and upper management to drive team success.
Team Leader
JP Morgan Chase
05.2018 - 12.2020
- Part of Reconciliation Team under Fund Accounting reconciliation
- Daily cash reconciliation performed between the custody and Accounting
- Activities performed in recon are Netting, Matching and commenting on breaks
- Reconciliation performed such as cash, stock, Income, WHT reclaim
- Performed Third Party recon i.e
- Client vs
- Accounting for Asset Class – FOF, TBA & Forward recon
- Preparing daily Matrix to provide complete overview of the volumes and percentage of Auto code and auto match rate
- Preparation of Financial statements and Notes to financial statements in compliance with US GAAP
- Worked on Schedules of investments, Balance Sheet, Statement of operations, Cash flows, Statement of changes in Capital, NAV allocations, Level 3, FAS 157 & FAS 161 disclosure
- Worked on various fund types (Lending, Institutional, Liquid, Real Estate funds), prepared FS of newly launched and complex funds
- Assisted in review as per requirement and performed other related duties assigned by the seniorsReviewing work of Team mates
- Ensuring daily deadlines are achieved and New updates from client are followed by team mates
- Training & troubleshooting team mates.
Senior Assiocate
Viteos Capital Market Services Ltd
05.2017 - 05.2018
- Reviewing NAV Reports, Accrual postings, Cash recon , dividend recon and position reconciliations of one of the Top & crucial client in Viteos
- Posting & reviewing Internal fund transfers as directed by client
- Management fees , Performance fees calculations and posting of the same
- Understanding new requirements of client , Resolving client queries satisfactorily and focusing more on errors dont reoccur
- Preparing SOPs for the smooth functioning of the process
- Training & troubleshooting team mates.
State Street Syntel Pvt Ltd
05.2013 - 05.2017
- Post Held: Assoicate
- Project: NAV & Client Servicing Team
- Started working as an As Trainee and have grown to be a “Assoicate”
- Have been working on Critical Asset Reconciliations of Funds between Custodian & Asset Manager
- Data
- Leading Critical “Book value Recon” Project within the team, which includes Production, Reviewing
- Recons , Troubleshooting team mates on same
- Performing Full NAV Reconciliation with Asset Manager and Custodian data, tying them back and resolving breaks
- Preparing & sending various final and preliminary Investment Reports to Onshore Team as well as to
- Client
- Preparing daily “Funds in issues” list , Sending & discussing the same with Onshore Team to get the issues resolved
- Preparing & Sending EOD Status of funds to Onshore Team
- Training ,Troubleshooting & Reviewing work of Team members.
Education
MBA - Finance
Mumbai University
MUMBAI03.2018
B.M.S - Finance
Mumbai University
01.2012
H.S.C - Commerce
Mumbai University
01.2009
Skills
- Team Leadership
- Performance Monitoring
- Account Reconciliation
- Preparing Reports
Languages
Hindi
First Language
English
Upper Intermediate
B2
Accomplishments
- Recognized as STAR for couple of time for outstanding performance and team contributions.
Timeline
Assistance Vice President
Apex Fund Services LLP
12.2020 - Current
Team Leader
JP Morgan Chase
05.2018 - 12.2020
Senior Assiocate
Viteos Capital Market Services Ltd
05.2017 - 05.2018
State Street Syntel Pvt Ltd
05.2013 - 05.2017
MBA - Finance
Mumbai University
B.M.S - Finance
Mumbai University
H.S.C - Commerce
Mumbai University
Similar Profiles
CHANDAN GUPTACHANDAN GUPTA
Assistant Vice President 3 at Apex Fund Services LLPAssistant Vice President 3 at Apex Fund Services LLP
Prashanth PPrashanth P
Project Manager at Apex Fund Services LLPProject Manager at Apex Fund Services LLP
Sujatha NethajiSujatha Nethaji
Assistant Vice President at Apex fund services LLPAssistant Vice President at Apex fund services LLP
Sneha GodboleSneha Godbole
Senior Associate 1 at Apex Fund Services LLPSenior Associate 1 at Apex Fund Services LLP
Shikha NishadShikha Nishad
Director of Office Operations at Information Tech Consultants Ltd-Progriz COE Pvt LtdDirector of Office Operations at Information Tech Consultants Ltd-Progriz COE Pvt Ltd