ARUN KUMAR R

• Managing a team of 10 covering 4 clients with exposure into cash, position reconciliations and interacting with JV teams and other teams for reports from them
• Setting up of funds and making sure they are linked with all other system flows
• Checking up on invoices which include vendor checks, accrual checks etc
• Providing a client with a forecast of income for mutual funds that are close to their ex-date, obtaining their consent, and then working with accounting to have the dividend income for the fund posted
• Verifying trades, corporate actions, pricing for the securities to validate the impact to the fund and verify the movements from previous day to current day movements in NAV
• Also verifying the incomes and expenses posted for the day to make sure to review the impact of them on the NAV on a daily basis and if impacting checking with the concerned teams for backup and validation of the same
• Performing reconciliations like position, stock and cash and if differences on them reaching out to concerned teams and making sure all comments are provided
• Ensuring the income distributions are processed correctly across the funds on ex-dates and verifying the same with the client instructions if any provided and making sure the impacts on the NAV due to distributions are valid and to the extent of the distributions processed
• Actively engaged in tasks like providing the FR team backups on expenses and performance for the funds that are getting close to the conclusion of the fiscal year
• Performed reviews to check expense caps or expense ratios and making sure the reimbursements as per the expense caps provided by clients
• Setup expenses and classes in the system and review the expenses posted for the day and ensure to check if any expense caps are there for the fund or class
• Was a part of migration activities from onshore and getting them done from here by providing training to the team members and ensuring the deliverables were met on time
• Nominated to assist with the on boarding and training of new team members, bringing them up to speed on the deliverables, and ensuring that the new hire has been granted access to all systems
• Selected to set up the department's monthly MIS files, which were used to track KPIs, delays, and other problems that occurred throughout the month across all teams

• Spearheaded a team of 10 people and handled three clients
• Part of a migration of a client from Bangalore to Pune and was also instrumental in setting up and providing training to people in the Pune team
• Handled the client for a year with fund operations, including new launches, mergers, and taking over funds from prior administrators
• Part of the movement of funds from London to Bangalore on the review side, and received accolades for the efforts
• Provided support to the client migration to Bangalore during the transfer of work done from Pune to Bangalore
• Received the top rating in the 2018 review cycle and was promoted during the same cycle
• Joined as a Technical Coordinator and promoted to the next level within two years of re-joining

· Perform cash and position reconciliation between the broker and accounting system by using reconciliation system TLM complex system.

· Process various fee accruals and payment accounting entries in the fund accounting system.

· Finalise the Gross Asset and Net asset value for the hedge funds and realise to the onshore client.

· Maintain expense fee schedules to check the payments are in line with the accruals to process in the fund.

· Perform checks on trial balance regarding the payables and receivables for the fund.

· Perform Profit and loss reviews on the investments in the hedge funds.

Product/ Financial control would revolve around owning the ledger of a product in my case it was listed derivatives and verifying if the ledger is accurate and would tie up with the Front Office system where the trade is booked initially. The trade would flow through a series of systems and then would reach the ledger. So the process revolves around checking the P&L Ledgers as well as checking the Balance sheet ledger accounts as well for the product and verifying if the ledgers are accurate in both the cases. The process would involve reconciliation, investing the breaks and to make any valid postings into the ledger. The process of reconciliation and investigation would involve knowing the features of the products to get to the breaks and take necessary steps to solve the breaks.

● Performs MAFA reconciliation for the listed derivative product. Reconciliation between Management accounting (Front Office) and Financial Accounting (Ledger). Reconciliation is made for P&L and Balance sheet for the products and breaks are investigated and necessary actions are taken.

● Perform BOGL reconciliation that is Back office to General Ledger and check the breaks and investigate the breaks and take necessary steps to resolve the breaks.

● Substantiate the balance sheet accounts by taking ownership of the accounts and take steps to know the balances in the accounts and also know the type of transactions that enter into the account and also know the purpose of the account and if it is used for the same purpose.

● Postings for the ledger to be made for valid breaks which are investigated and then posted through the ledger.

● Provide a brief explanation about the owned ledger accounts to the BFI and explain the breaks and the actions taken to resolve the breaks.

● Adept at framing investor capital NAV statements & fund allocation schedules and reconciling broker statements Vs client financial Reports on daily/monthly basis for Cash, Portfolio, Open Trades, positions.

● Expertise at working on products like Equities, Bonds, Stock-Borrow Accounts, Futures, Forwards, , Convertible Bonds & other Derivative instruments, portfolio consisting of all major currencies for Onshore & Offshore clients.

● Successfully manage calculation of NAVs for the purpose of releasing it to the press and upload it on the site; check Equity Deals, Debt Deals & Interscheme Deals.

● Dexterity in investigating abstruse accounting or system related issue occurring within the funds and ascertaining relevant course of action; taking crucial decisions pertaining to system issues and interfaces and troubleshooting problems as they emanate.

● Performing various reconciliations with Transfer Agent, Custody & Broker for ensuring the data in fund accounting system (Investone) tallies back with the data in the other systems.

● Expertise at working on products like Equities, Bonds, Stock-Borrow Accounts, Futures, Forwards, , Convertible Bonds & other Derivative instruments, portfolio consisting of all major currencies for Onshore & Offshore clients.

● Successfully manage calculation of NAVs for the purpose of releasing it to the press and upload it on the site..

● Dexterity in investigating abstruse accounting or system related issue occurring within the funds and ascertaining relevant course of action; taking crucial decisions pertaining to system issues and interfaces and troubleshooting problems as they emanate.