Ankit Vajarinkar
Fund Accounting
Pune
Summary
Dynamic professional with over 8.5 years of experience in managing diverse projects and consistently delivering high-impact results. Strong in problem solving and cross functional collaboration. Recognized for adaptability & leadership qualities through strong execution.
Overview
11
11
years of professional experience
3
3
Languages
Work History
Senior Associate
State Street
Pune
04.2023 - Current
- Working on fixed income asset control, including amortization and accrual income to optimize the fund's performance.
- Analyze State Street Fund Accounting and Operations business and technical requirements.
- Actively involved with the client service team to manage the client’s expectations.
- Enhanced internal control systems and procedures to mitigate risk and support opportunities.
- Collaborate with the cross-functional teams to streamline processes, enhancing operational efficiency and accuracy.
- Reviewed and submitted financial documentation and reports to support business financial goals and objectives.
- Conducted regular reviews of operations and identified areas for improvement.
- Educated staff on organizational mission and goals to help employees achieve success.
Senior Associate
NTT DATA
Gurugram
05.2022 - 04.2023
- Act as an intermediary between the funds and their investment manager, and serve as an official record keeper for the funds.
- Preparing the monthly financial reporting packages for the hedge funds.
- Ensuring that fund income and expenses, including management and performance fees, are accrued and in line with relevant accounting standards.
- Accurate and timely processing of all capital activities, including subscription, redemption, transfers, roll-up, and call.
- Managed multiple client engagements simultaneously, consistently delivering high-quality work within tight deadlines.
- Respond to the queries of the external investment manager regarding day-to-day fund inquiries.
- Provided reporting for forecast analysis and ad-hoc reporting in support of decision-making.
Associate
State Street Syntel Services
Pune
08.2019 - 09.2021
- Joint venture of State Street Bank and Syntel Services.
- Handling daily cash activities related to the custody and accounting.
- Working on manual and swift payments, cash transactions like subscriptions and redemptions, processing forex buy and sell institutions received from clients.
- Work on cash-related queries from external clients, and ensure that processed cash reaches the concerned party without any issues.
- Streamlined project workflows for enhanced efficiency, adopting agile methodologies.
- Evaluated staff performance and provided coaching to address inefficiencies.
Finance Analyst
State Street Syntel Services
Pune
11.2014 - 10.2017
- Joint venture of State Street Bank and Syntel Services
- Working with the US Mutual Funds and NAV Production Team (NPT).
- Verifying TA activities, such as capstock and distributions, validating corporate actions, and NAV impact analysis.
- Securities valuation, income and expense accrual analysis.
- Handle daily cash flows, such as subscriptions, redemptions, dividends, expenses, and fund management fees of funds.
- Reconcile the Transfer Agent data with the accounting share balance, and post journal entries with the help of accounting tools.
- Work with the downstream and upstream teams to resolve the issues.
Education
Batchelor of Commerce - Financial Accounting
Pune University
Pune04-2014
Skills
Investment accounting expertise
Income assessment
Trade reconciliation
Effective project coordination skills
Data analysis
Coaching and guidance
Timeline
Senior Associate
State Street
04.2023 - Current
Senior Associate
NTT DATA
05.2022 - 04.2023
Associate
State Street Syntel Services
08.2019 - 09.2021
Finance Analyst
State Street Syntel Services
11.2014 - 10.2017
Batchelor of Commerce - Financial Accounting
Pune University