Hi, I’m
Bhagyashri MANGUDKAR
Pune
Summary
Dedicated and detail-oriented Senior Associate (Assistant Manager) with extensive experience in financial reporting for Mutual funds. Proven track record in preparing financial statements based on SORP by FCA and FRS 102, utilizing advanced financial applications and tools. Strong leadership skills with a history of guiding and managing teams to achieve operational excellence.
Overview
13
years of professional experience
Work History
BNY Mellon International Operations (I) Ltd
Assistant Manager - Financial Reporting
2015.12 - Current (8 years & 9 months)
Job overview
- Managed the preparation and review of financial statements for EMEA-based Mutual funds (OEIC, unit trust) in compliance with SORP and FRS 102
- Utilized financial applications such as Enterprise (SunGard), InvestOne, and TLM to streamline reporting processes and ensure data accuracy
- Also working in ARC and contributed to automation when FS was being migrated from manual to ARC
- Conducted variance analysis of various income heads (Dividend, Bond interest, Derivatives income, etc.) and expenses, ensuring proper accounting and reclassification of such incomes, validating their accruals, and preparing OCFs and TER
- Preperation and review of distribution rates which are being distributed by the fund
- Spearheaded the implementation and utilization of ARC by DFIN for financial statement preparation, including proof building and reasonability checks activities
- Conducted thorough financial analysis and reconciliations to ensure accuracy and compliance
- Led a team of associates, providing guidance, training, and support to enhance team performance and productivity
- Collaborated with cross-functional teams to implement process improvements and enhance reporting efficiency
- Maintained strong relationships with onshore, ensuring clear communication and timely resolution of issues.
G.W. Shah & Associates (Chartered Accountant)
Accountant & Audit Assistant
2011.05 - 2012.01 (8 months)
Job overview
- Income Tax: Computation of total income and reconciliation of Debtors & Creditors. Preparation of Balance Sheet and I.T. Returns for individuals and firms submitted to the Income Tax Department.
- Sales Tax (M. VAT)
- TDS: Sound knowledge of TDS calculation and applicable interest.
- Accounts, General Ledger, and Revenue.
- Tax Audits: Conducted Tax Audits for various entities including traders, wholesalers, and service sector firms.
- Company Audits: Conducted statutory audits for private limited companies. Preparation of Company Audit Reports including CARO.
- VAT Audits, Bank Audits
Education
CA
IPCC Group II from Accounting And Finance
11.2013
University Overview
- Completed: CA- IPCC Group I, Jan 2012
- Completed: CPT, 2010
University of Solapur
M.Com
06.2014
University of Solapur
B.Com
03.2010
Skills
- Financial Reporting
- Regulatory Compliance (SORP by FCA, FRS 102)
- Advanced Financial Applications: Enterprise (SunGard), InvestOne, TLM
- Communication and Stakeholder Management
- ARC by DFIN (Proof Building, Reasonability Checks)
- Team Leadership and Management
Interests
- Book reading
- Traveling
- Financial Marketing and Investment
Projects
Japan Funds, 08/2020, 2021, Responsible for managing funds and producing financial statements in compliance with IFRS and US GAAP. Coordinated with onshore teams, senior management, Fund Accounting Team, clients, and auditors. Handled end-to-end processing of Japan funds.
Accomplishments
- Successfully implemented ARC by DFIN, resulting in a 20% improvement in financial statement preparation efficiency.
- Consistently met and exceeded compliance standards, ensuring accurate and timely financial reporting.
- Provided continuous training to new joiners and the entire team based on process requirements, enhancing overall team competence and performance.
Professional Development
- Attended various workshops and training sessions on financial reporting standards and regulatory compliance.
- Participated in leadership development programs to enhance managerial skills.
Timeline
Assistant Manager - Financial Reporting
BNY Mellon International Operations (I) Ltd
2015.12 - Current (8 years & 9 months)
Accountant & Audit Assistant
G.W. Shah & Associates (Chartered Accountant)
2011.05 - 2012.01 (8 months)
CA
IPCC Group II from Accounting And Finance
University of Solapur
M.Com
University of Solapur
B.Com
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