ERP
ASHISH BANAIT
Subject Matter Expert
Pune,Maharashtra
Summary
I am holding 10 years of total experience 3 years in Accounts payable and 7 years in Reconciliation. I am a dynamic and results-driven leader with a proven track record of guiding teams to success. I am an expert in finance and investment banking, with a strong background in financial reconciliation, project management, and client relationship management. I am adept at fostering collaboration, driving process improvements, and delivering high-quality outcomes. I am recognized for my excellent problem-solving abilities, attention to detail, and ability to motivate and develop team members. I am passionate about achieving organizational goals and continuously enhancing team performance and efficiency.
Overview
10
10
years of professional experience
6
6
years of post-secondary education
2
2
Languages
Work History
ENO-3 / Subject Matter Expert
Credit Suisse
04.2022 - 06.2024
- Financial Reconciliation: Reconciling data between the STAR system and PeopleSoft General Ledger. This involves ensuring consistency and accuracy across different dimensions, such as ADAC (Account, Department, Affiliate, Currency).
- Investigation and Root Cause Analysis - When discrepancies between STAR and the General Ledger occur, you investigate the differences and determine their root causes. This may involve obtaining detailed trade-level data from various internal teams, like Product Control, Group Operations, LEAR, and LEF.
- Reporting: Build various month-end reports for senior management to provide visibility into key metrics derived from reconciled data. These reports are crucial for decision-making and monitoring financial performance.
- Change Management and UAT - Taking ownership of data GAAPs in STAR, coordinating with different groups to procure missing data, and ensure completeness.
- Stakeholder Coordination - Closely work with various business partners, including Product Control, LEAR, LEF, Group Operations, data suppliers, and process teams. Effective communication and coordination are key to aligning data sources and processing procedures.
- Risk Mitigation and Root Cause Analysis - Perform root cause analysis on breaks and issues, providing recommendations to mitigate risks, and improve processes to prevent future discrepancies.
- KPI and Metrics Maintenance - Assist in maintaining Key Performance Indicator (KPI) and metrics packs, participating in monthly KPI calls with stakeholders to review operational metrics and performance.
- Automation and Process Improvement: Collaboration with the IT team for automation initiatives and systemic improvements to streamline data reconciliation processes.
Subject Matter Expert / Team Lead
State Street HCL Services Ltd
02.2020 - 03.2022
- External Reconciliation - Oversee external reconciliation processes to ensure accuracy and consistency in financial data.
- Team Leadership - Lead a team of five members, ensuring the completion of daily and monthly deliverables. Manage the China reconciliation project, working with various investment managers.
- Project Management - Successfully migrated the China reconciliation project from the onshore team within four months, managing a team of five Full-Time Equivalents (FTEs).
- Client Relationship Management - Handle client escalations effectively, and maintain strong, positive relationships with clients. Introduce and conduct daily and weekly calls with clients to discuss exceptions and enhance process performance.
- Reporting and Communication - Prepare Management Information Systems (MIS) reports during migration, receiving high praise from managers and clients. Develop and implement methodologies to measure business-enabled initiatives and performance.
- Additional Duties: NAV calculation, reconciliation between custodian and investment manager, and FX recon.
Senior Financial Analyst
Eclerx Services Ltd
08.2017 - 02.2020
- Financial Reconciliation - Reconciling data between the STAR system and PeopleSoft General Ledger. This involves ensuring consistency and accuracy across different dimensions, such as ADAC (Account, Department, Affiliate, Currency).
- Investigation and Root Cause Analysis - When discrepancies between STAR and the General Ledger occur, you investigate the differences and determine their root causes. This may involve obtaining detailed trade-level data from various internal teams, such as Product Control, Group Operations, LEAR, and LEF.
- Reporting - Build various month-end reports for senior management to provide visibility into key metrics derived from reconciled data. These reports are essential for decision-making and monitoring of financial performance.
- Change Management and UAT - Taking ownership of data GAAPs in STAR, coordinating with different groups to procure missing data, and ensure completeness.
- Staff Holder Coordination - Closely work with various business partners, including Product Control, LEAR, LEF, Group Operations, data suppliers, and process teams. Effective communication and coordination are key to aligning data sources and processing procedures.
Financial Associate
Tata Consultancy Services
03.2014 - 07.2017
- Process Maintenance and Billing - Maintain and update billing processes to ensure accuracy and efficiency. Oversee process updates to keep billing practices current and effective.
- Training and Development - Train new associates on processes and systems to ensure they are well-prepared and knowledgeable.
- Invoice Management/Processing - Review and verify invoices and check requests to ensure correctness before processing. Sort, code, and match invoices, setting them up for payment.
- Account Reconciliation - Reconcile accounts payable transactions to ensure that records are accurate and complete. Monitor accounts to ensure that payments are up to date, and handle any issues promptly.
- Discrepancy Resolution - Research and resolve invoice discrepancies and issues, addressing problems effectively to maintain smooth operations.
- Reporting and Month-End Closing - Publish monthly reports to assist with month-end closing activities, providing necessary data and insights. Ensure timely and accurate reporting to support financial closing processes.
- Quality Control - Conduct quality checks with a high accuracy rate of 98%, ensuring that all processes and outputs meet required standards.
Education
MBA - Finance
University Of Pune
Pune 01.2012 - 01.2015
BBA - Finance
RTM Nagpur University
Nagpur 01.2009 - 01.2012
Skills
- Strategic planning and management
- Problem-Solving and Attention to Detail
- Proficient in investment account reconciliation
- Analytical Thinking
- US GAAP (Generally Accepted Accounting Principles)
- IFRS (International Financial Reporting Standard)
- Skilled in Microsoft Office applications
- Quick Learner and Adapt to change
Software
PeopleSoft
STRENGTHS
Effective Team Leadership - Proven track record of guiding teams to success, fostering collaboration, and achieving organizational goals.
Awards
Credit Suisse Services India Pvt Ltd - Rave Bar Award: notable achievement for Exceptional Support and Coordination, Timely Completion of Critical Tasks, Strategic Vision and Effective Management, Problem-Solving and Attention to Detail.
State Street HCL Services ltd - Star performer Team of the Year – 2020.
Eclerx Services Ltd - Star performer of the month – March 18, October 18 and Team of the Year – 2018,
Tata Consultancy Services - Star performer of the month – March 15, Quarter – April-June 15, October 15, October 16, November 16 and March 17
Timeline
ENO-3 / Subject Matter Expert
Credit Suisse
04.2022 - 06.2024
Subject Matter Expert / Team Lead
State Street HCL Services Ltd
02.2020 - 03.2022
Senior Financial Analyst
Eclerx Services Ltd
08.2017 - 02.2020
Financial Associate
Tata Consultancy Services
03.2014 - 07.2017
MBA - Finance
University Of Pune
01.2012 - 01.2015
BBA - Finance
RTM Nagpur University
01.2009 - 01.2012
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