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Bhombal Roy
Hyderabad
Work Preference
Summary
Fund accounting professional with extensive experience at JP Morgan and Franklin Templeton. Expertise in reconciliation processes and team leadership, driving process improvements and ensuring accurate financial reporting. Skilled in root cause analysis and employee relations, fostering collaboration to enhance operational efficiency.
Overview
1
1
Certification
15
15
years of professional experience
Work History
AVP (Sr. Associate) – Fund Accounting
JP Morgan
02.2024 - Current
- Managed end-to-end breaks, researching and resolving discrepancies between custody and fund accounting for cash and stock for super care client.
- Conducted root cause analysis for repetitive breaks, implementing fixes to prevent recurrence.
- Reviewed aged breaks and delegated action items to team members to ensure timely resolution.
- Prioritize and escalate material breaks, follow up on aged breaks.
- Perform EOD checks, comment and review all breaks.
- Review and process the entries on accounting systems.
- Accommodate ad hoc processing, NAV/VAL, and client-facing team.
- Served as subject matter expert, providing guidance on processes.
- Provide regular training to team members and bridge knowledge gaps.
Assistant Manager
Franklin Templeton International Services
08.2017 - 05.2020
- Managed a team of 9 FTE for Reconciliations: Cash, Asset, Accounts Payable, Receivable, Dividend, Claims.
- Staff management: appraisals, training, disciplinary actions.
- Reviewed daily manual entries to ensure accuracy and compliance with P&L account standards.
- Maintained departmental workflow to streamline operations and support timely deliverables.
- Delivered services meeting SLA requirements.
- Facilitated team feedback sessions to identify growth opportunities and enhance team development.
- Review breaks on a weekly basis and follow the escalation matrix.
- Department: Investment Accounting – Reconciliation
Sr. Fund Control Analyst
Franklin Templeton International Services
10.2014 - 07.2017
- Investigated and resolved discrepancies in dividends tax interest expenses for ABS, MBS, bonds, and bank loans, ensuring accurate financial reporting.
- Performed end-to-end daily cash and stock reconciliation, researching and resolving breaks for mutual funds between custody and accounting.
- Processed, validated, and reviewed journal entries for all mutual fund transactions to address discrepancies.
- Conducted margin reconciliation of MTM for futures OTC collateral between accounting and broker.
- Coordinated with operational teams to resolve discrepancies promptly, enhancing collaboration and streamlining processes.
- Reviewed monthly trial balance and confirmed accuracy, supporting reliable financial reporting.
- Delivered reconciliation handoffs to NAV teams with high accuracy within service level agreements.
- Served as subject matter expert during tenure, providing guidance on complex financial processes.
Fund Control Analyst
Franklin Templeton International Services
07.2012 - 09.2014
- Perform daily cash and stock reconciliation end to end breaks research and resolutions for Mutual funds reconciliation between custody and accounting.
- Processing, Validating journal entries for all mutual funds transactions for resolution of breaks.
- Investigated discrepancies in dividends, tax, interest, expenses, trades, and paydowns for ABS/MBS/bonds and bank loans to ensure accurate reporting.
- Perform margin reconciliation, MTM for Futures, OTC, Collateral between Accounting and broker.
- Coordinated with operational teams to resolve discrepancies, facilitating smoother reconciliation processes.
- Reviewed trial balance monthly, ensuring funds meet financial reporting standards.
- Delivered reconciliation handoffs to NAV teams with high accuracy and within SLA.
Graduate Trainee
Franklin Templeton International Services
05.2011 - 06.2012
Education
B.Com (Hons) -
Loyola Academy
04-2011
Skills
- Fund accounting
- Reconciliation processes
- Trial balance review
- Process improvement
- Team leadership
- Training and mentorship
- Root cause analysis
- Operations management
- Employee relations
Certification
US CFA Claritas/Investment Foundation Certified, 2015
Accomplishments
- Moved to a new team, Third Party Reconciliation, in 2024, identified and closed 7-8 bespoke activities, saving about 3 hours per day.
- Nominated for the APAC SWAT Team, collaborated with the APAC Trades team for clearance of aged breaks, reducing breaks to 70%.
- Led the transition of AMC fund reconciliation work from Chennai to Hyderabad, streamlining the process and preparing SOPs.
Projects
- Led the project for iRECS Accord migration, Migration of all Third Party recon for product FOF, TBA, SWEEP, Option and Collaterals across 25 clients from iRECS Lite to iRECS Accord.
- Automation of cash breaks processing, Worked with automation team for auto processing of cash breaks for Prime broker accounts, which reduced manual work.
- Alteryx workflow development, Worked with Alteryx team to develop workflow for auto paydown processing and transforming data for various statements into a reconcilable format.
Personal Information
- Passport Number: M9695815
- Date of Birth: 04/02/90
- Nationality: Indian
Languages
English
Proficient (C2)
C2
Bengali
Native
Native
Hindi
Proficient (C2)
C2
Timeline
AVP (Sr. Associate) – Fund Accounting
JP Morgan
02.2024 - Current
Assistant Manager
Franklin Templeton International Services
08.2017 - 05.2020
Sr. Fund Control Analyst
Franklin Templeton International Services
10.2014 - 07.2017
Fund Control Analyst
Franklin Templeton International Services
07.2012 - 09.2014
Graduate Trainee
Franklin Templeton International Services
05.2011 - 06.2012
B.Com (Hons) -
Loyola Academy