Devendra Chaudhari

Primarily working Hedge fund and fixed income securities funds which consist of following task:

• Conducted OTE reconciliation, identifying and resolving discrepancies.
• Performed in-depth analysis of reconciliation breaks, proactively resolving issues.
• Managed and executed wire payments to optimize financial transactions.
• Reconciled PB data with client records, ensuring accuracy and consistency.
• Recorded various fees, interests, and financial transactions for precise accounting.
• Investigating and resolving discrepancies between the fund accounting books and custodian cash and securities accounts of these funds.
• Fails management: Resolved trade discrepancies from failures, reported to clients, and focused on high-value deals.
• Reconcile, investigate, correct, and adjust accounting and trade information in accordance with business deadlines
• Collaborated with clients to address reconciliation breaks, streamlining processes.

Primarily working Hedge/Mutual funds including Equity, fixed income and Derivatives securities funds which consist of following task:

• Reconciled cash and stock portfolio, generating shareholder allocations, incentives and fee calculations for financial management.
• NAV Calculation of Funds on Daily/Monthly basis.
• Reconciliation of Portfolio and Fund Accounts and ensure all breaks and identified and resolved.
• Performed stock and cash reconciliation between our records and those of the fund.
• Client Interaction: Regularly addressed client questions and resolved complex transaction inquiries.
• Ensured accuracy of funds' trades, cash transactions and corporate actions and verified securities' prices to properly value portfolios.
• Daily portfolio reconciliation between accounting system and custody for positions, price, market value and income for Funds.
• Investigating and resolving exceptions from portfolio reconciliation with investment managers and trade transaction reports.
• Pricing for the fund as per the backup given by clients and authorized vendor, BLOOMBERG for daily basis.
• Review & sign-off of Net Asset Value calculations and associated reports.
• Effective monitoring of deliverable to ensure high SLA compliance within set accuracy standards.

Primarily working for Equity, Fixed income securities and Bond which consist of following tasks:

• Perform Internal reconciliation (EOD) End of the day activity on specified deadline from custody to accounting On Daily basis with resolving all the breaks related to Income, Trade, Accounting booking like Fees, Maturity, Transfers.
• Perform the Daily and monthly accrual for specific client and also responsible for accrual calculation.
• Verification of correctness of trades booked in accounting and corporate action events with Bloomberg.
• Perform the pre-closure activities of the funds like validating past dues, fail trades, transfers and cash breaks.
• Perform external reconciliation between SSB and different IMs to compare the NAV.
• Reconciliation of the accounting data of State Street with external source Bank Statement.
• Record and reconcile cash, position and Market values of exchange traded fund portfolios.
• Pricing for the fund as per the backup given by clients and authorized vendor, BLOOMBERG for month end.
• Responsible for Internal Audits like ledger to sub-ledger checks and maintain the compliance with the checklist.
• Prepared timely and accurate net asset values, yields, distributions and other fund accounting output.