Chakradhar Rao VN Devata
Hyderabad
Summary
To pursue a rewarding and challenging career in an esteemed organization, that would be mutually beneficial in terms of learning experience and contributing to organizational growth. To be a part of an organization that helps me grow professionally and provides me an opportunity to get the best out of myself.
Solid experience in handling audit queries related to both Canadian and US domiciled funds reconciliation. Having good experience in providing trainings to the new joiners and providing trainings to the team on new work transitions. Proficient in preparing and handling various management related reports. Ability to lead others towards deadlines and working under minimal leadership Quick learner with the ability to grasp new things Good communication skills along with working with global clients/teams Assertive thinking and proven problem-solving skills Good exposure in performing fund accounting activities. Good Exposure towards overall Mutual Fund Reconciliation. Met stressful timelines in multiple instances and proven to be the best in all times.
Overview
16
16
years of professional experience
Work History
Associate Fund Servicing Manager II
JP Morgan
11.2022 - Current
- Managed Fund Accounting and Regulatory Reporting Service Delivery team for US pension funds, ensuring timely release of financial reports and serving as primary contact for accounting inquiries.
- Ensure the Financial Statements – that are agreed are delivered on-time, and meet our exceptional quality standards.
- Ensured accurate NAV delivery to clients, addressing all queries within established timelines while generating reports from the database.
- Managing 50+ North America Clients. Ensure the monthly financial reports rendered to clients as per agreed SLA.
- Co-ordinate with internal / External teams and make sure all the client inquiries are responded on time.
- Timely completion of Client Specifics, Tax Reclaims, FCC files, Risk Reviews, Static pricing, Accelerations, GASB and ERISA Stale pricing with 100% accuracy and confidence to be showcased on client calls with due diligence and follow thru.
- Collaborated with internal teams to review and deliver all client acceleration requests on time.
- Liaise with internal teams / Clients in resolving Cash & Asset breaks; ensure to give appropriate comments for all cash and asset breaks.
- Contacted clients regarding unknown wire payments and pending reclassifications prior to Monthly FSR due date, sharing insights with accounting teams.
- Work to resolve all cash and stock breaks before releasing the FSRs – Financial statement reports.
- Escalate any Cash / stock breaks that are not resolved on-time to hubs (Income, trades, pricing etc.) and send a timely report to management for tracking.
- Maintained the reconciliation production and quality levels by assigning work to respective agents.
- Conduct weekly team meetings to discuss updates, statistics, and other information.
- Runs the call with stakeholders/ clients and represent from JP Morgan accounting side, along with that collect data and prepares the presentations for better understanding.
- Maintain the SOPs with the Process updates and explain the team as needed for their easy understanding with examples.
Reconciliation Manager (Associate)
JP Morgan
11.2020 - 10.2022
- Managed break resolution for Cap stock and Expenses hub for 40 North America clients, ensuring timely responses to client queries and preparing daily status reports on break clearance for management.
- Ensure exceptions above 3 bps are action / resolved on day one. Recode all material breaks to appropriate hub on day one.
- Ensure to provide daily sign-offs in newton for the respective clients on timely manner to meet agreed SLA.
- Collaborated with internal teams to resolve breaks and provided detailed comments.
- Processing Daily DDA file received for specific client in accounting system and providing confirmation.
- Coordinated with other hubs to identify and resolve miscellaneous settlements, raised OTM cases with custody middle office for unknown wires, and resolved issues based on responses received.
- Adhere to follow all the client specifics instructed by respective client and make sure postings in accounting are appropriate.
- Participated in monthly client meetings to deliver status updates on breaks before sign-off.
- Monitored shared email box and addressed queries in a timely manner to NAV and OSD teams.
Dep. Manager
Franklin Templeton International Services
Hyderabad
10.2019 - 10.2020
- Completing the day to day, monthly & periodic tasks assigned with high quality and ensuring to provide responses to the queries received from internal team on priority basis.
- Reviewing daily corporate actions sent by NAV team for OEIC funds and making sure those are being processed in system as per the announcement ie., income/capital.
- Delivered monthly holdings data to marketing teams for regulatory reporting compliance.
- Validating the invoices received from accounts payable team on a monthly basis and approving them for allocating to the respective funds and providing journals to reconciliation team.
- Prepared and sent quarterly Taxe dabo payments to European tax authorities, including posting instructions for reconciliation team.
- Reviewed total expenses ratio from HYD reporting team for FTIF series and coordinated monthly handoff to internal teams.
- Prepare and send senior management report for assigned series of funds to GFAR Luxembourg team on a monthly basis.
- Executed planner assignments to achieve established deadlines.
- FRANKLIN TEMPLETON INTERNATIONAL SERVICES INDIA LTD is a leading global Investment management company. It is one of the largest Mutual Fund Company in U.S. having more than $610 Billion in Stock Markets around the world on behalf of 17 million investors.
Dep. Manager
Franklin Templeton International Services
Hyderabad
03.2019 - 09.2019
- Managed team of 3, ensuring timely completion of daily and periodic responsibilities.
- Reviewing the Taxable income calculated by the team during fund reporting and providing signoff for various funds.
- Reviewed tax returns prepared by team, ensuring accuracy during fund reporting cycle.
- Prepared and reviewed asset diversity test monthly for assigned funds, ensuring compliance.
- Reviewing wash sales for funds which are going through reporting during the respective month.
- Preparing compliance calendar and sending to GFAR and Fund tax team on a monthly basis.
- Handling various daily, monthly & periodic tasks and ensuring met the deadlines.
Dep. Manager
Franklin Templeton International Services
Hyderabad
12.2013 - 03.2019
- Managing a team of 3 senior analysts along with daily and periodic project responsibilities.
- Testing Cash and Asset Reconciliation end to end and sharing the results with Manager.
- Reconciled Gmax and SCD (Dimensions) balances for Quantity, Book Value & Cash in Institutional Accounts, sharing results with impacted teams daily to facilitate informed decision-making.
- Analyzed match percentage of SCD and Custodian data as part of cash reconciliation, providing suggestions to improve accuracy.
- Updated test results and raised defects in Quality Centre to ensure project quality.
- Coordinating with partner system teams and helping them in resolving the breaks/deviations.
- Testing various COAC events in SCD that are inputted by COAC team & confirm the results if those events are behaving as expected when compared to GMAX.
- Performing various checks to ensure the account set up in SCD is appropriate i.e., Verifying the Bank Account number, comparing the data against frontier.
- Participated in Data Migration activities before the accounts went live into the new system.
Sr. Fund Accountant
Franklin Templeton International Services
Hyderabad
08.2010 - 11.2013
- Executed periodic audit reports for funds reporting periods, ensuring compliance with FAR and audit package requirements for Price Waterhouse Coopers (PWC).
- Review Trial Balance and Balance sheet Accounts and post necessary reclass entries to the General Ledger accordingly. Well versed with Hedge Share class transactions.
- Perform monthly activities in accordance with providing accurate reporting to the FAR group by stated deadlines.
- Performing and reviewing the daily, monthly, and periodic work completed by team members, ensuring that daily and periodic deadlines are met.
- Daily Review of Manual entries posted to the General Ledger by the team and validate the entries accordingly.
- Providing Cash projections to PM group and projected Cash positions for next 3 days in US funds to ensure that funds are not in overdraft.
- Review Overdrafts in the fund and accordingly send the instructions to the Cash desk for covering the overdrafts at Bank/Custodian.
- Coordinated communication with custodians, brokers, and clients to address and resolve issues efficiently.
- Resolved cash and income discrepancies between custodian and FT applications, ensuring accurate financial records.
- Performed all activities during fund closure and launch and intimate the same to country registration teams.
Education
Certified with US CFA Claritas -
01-2015
M.com -
Andhra University
03-2005
Degree in Bachelor of Commerce -
Andhra University
03-2003
Skills
- Fund accounting
- Regulatory reporting
- Cash reconciliation
- MS Office
- Tally 72
- Windows Family
- MS-DOS
Timeline
Associate Fund Servicing Manager II
JP Morgan
11.2022 - Current
Reconciliation Manager (Associate)
JP Morgan
11.2020 - 10.2022
Dep. Manager
Franklin Templeton International Services
10.2019 - 10.2020
Dep. Manager
Franklin Templeton International Services
03.2019 - 09.2019
Dep. Manager
Franklin Templeton International Services
12.2013 - 03.2019
Sr. Fund Accountant
Franklin Templeton International Services
08.2010 - 11.2013
Certified with US CFA Claritas -
M.com -
Andhra University
Degree in Bachelor of Commerce -
Andhra University
Profile Snapshot
Results driven Manager with 18+ years of experience and success in driving Operational growth, leading startup, maximizing the business opportunities, managing team, and ensuring compliance with division priorities.
Personal Information
- Passport Number: L2783764
- Date of Birth: 04/07/83
- Nationality: Indian
Key Contributions Achievements
- Received ISC Valued Professional Award for my excellent researching skills, creating process improvements, writing macros, and developing process documents.
- Winner from TACC Recon Team in isuggest Risk mitigation Campaign.
Profile Snapshot
Results driven Manager with 18+ years of experience and success in driving Operational growth, leading startup, maximizing the business opportunities, managing team, and ensuring compliance with division priorities.
Personal Information
- Passport Number: L2783764
- Date of Birth: 04/07/83
- Nationality: Indian