GAURAV KUMAR GUPTA
Bengaluru
Summary
Highly analytical and detail-oriented Fund Accounting Specialist with over 10 years of progressive experience in financial statement preparation, account reconciliation, and investment operations. Possesses deep expertise in GAAP, fund structures, and regulatory compliance, with a proven ability to resolve complex accounting issues through data-driven analysis and research.
Demonstrated success in streamlining financial processes, enhancing operational efficiency, and contributing to improved organizational profitability. Known for a strong work ethic, cross-functional collaboration, and the ability to thrive in high-pressure, deadline-driven environments.
Overview
11
11
years of professional experience
Work History
Associate Consultant
NORTHERN TRUST
07.2023 - Current
- Managed monthly fund accounting activities, ensuring accurate and timely financial reporting.
- Prepared and reviewed monthly Net Asset Value (NAV) calculations, ensuring alignment with Investor Accounting (IA) records.
- Verified the accuracy of all security pricing prior to NAV finalization to maintain data integrity.
- Recorded non-trading accruals and payments, and prepared/reviewed supporting schedules on a monthly basis.
- Posted expense payment entries at the fund level based on client instructions, ensuring accurate processing of monthly fund-related fees and wire transfers.
- Supported end-to-end financial statement preparation and ensured compliance with internal policies and external regulatory requirements through accurate and timely accounting.
- Participated in the Quality Control team, overseeing the review of daily, weekly, and monthly deliverables to ensure accuracy and completeness of financial packages.
- Analyzed recurring errors and collaborated with the Financial Control prep and 1L team to implement corrective measures and preventive controls.
- Contributed to process improvement initiatives by identifying automation opportunities to minimize manual intervention and reduce error rates.
- Maintained effective communication and co-ordination with onshore counterparts across multiple regions to ensure transparency and alignment on deliverables.
- Resolved queries raised by the Financial Control team through sound analytical thinking and in-depth functional knowledge.
- Responded to ad-hoc internal audit requirements for the EMEA region, ensuring timely and thorough support.
Operations Team Lead
STATE STREET CORPORATE SERVICES MUMBAI PVT. LTD.
01.2019 - 06.2023
- Verification of the Corporate Action, Maturities, Trades Processed, Cash Matching, Dividends are processed for the daily clients by the designated team.
- Provided constructive feedback and coaching to associates assigned.
- Led and inspired rich culture of execution, training, development and high-performance.
- Set clear objectives and held teams accountable to high-performance expectations.
- Recommended changes, improvements or enhancements in products to product development team based on customer feedback.
- Led projects and analyzed data to identify opportunities for improvement.
- Handling 3 sensitive clients with the total net worth of 90 billion dollars.
- Handling all the daily monthly and quarterly deliverable single handed. Completing year-end adjustments in the month of January for all the separate accounts and general accounts.
- Worked on pricing support applications like Bloomberg and Interactive Data Services (IDC).
- Liaise with joint venture partners to ensure that all the dependencies are signed off and escalate if delayed.
- Submitting EOD confirmation to onshore and India management.
- Weekly discussion with the onshore partner to discuss on team performance, potential errors and delay in client deliverable if any.
- Monthly SLA/KPI submission to the onshore partner and discuss on the performance and appreciation if any.
- Reduced the dependency of the team members by creating three tier back up.
- Conducted analysis of progress and held monthly meetings regarding goals and tasks with each individual in the team.
- Ensure all the Net Asset Value (NAV) is sent on time to the client and keep a good track on the unrealized gain and loss.
- Reached out to relevant team to raise voice on the pricing or valuation and reach out to client in case of any delay in sending over the NAV.
- (Core Accounting Team)
Fund Administrator Specialist
CITICORP SERVICES INDIA PRIVATE LIMITED (CSIPL)
08.2016 - 01.2019
- Managed team the training of employees and professional growth of team mates.
- Used critical thinking to break down problems, evaluate solutions and make decisions.
- Created spreadsheets using Microsoft Excel for daily, weekly and monthly reporting.
- Carried out day-day-day duties accurately and efficiently.
- Developed and implemented performance improvement strategies and plans to promote continuous improvement.
- Developed and maintained courteous and effective working relationships.
- Responsible for performing reconciliation of the funding made by cash team for all the clients and dealers on next day of the value date of all the redemptions and subscriptions trades daily using TLM and Recon Frontier as the prime applications.
- Delivering ADR and several other recon related EOD reports to clients, trustees and oversight team.
- Handling regular and ad hoc client queries and respond within provided TAT.
- Performing separate manual reconciliation for the dealers dealing through Clearstream using Creation Online as their prime workflow application.
- Ensuring reconciliation for all the clients are done within the timeline without engaging with any error post which daily reconciliation reports are sent.
- Process of automation is performed and implemented using EUCs (End User Computing) and Xceptors. I have also delivered 5 plus EUCs and 2 xceptors within my process for specific clients.
Senior Analyst - Investment Banking
HCL TECH LTD (CSIPL PROJECTS)
05.2014 - 08.2016
- Validated results and performed quality assurance to assess accuracy of data.
- Validating morning cash sheets with projection of two Business day Cash balances.
- Verifying Subscriptions & Redemption processed as per Transfer Agents records.
- Prepare Cash and Position Reconciliation between parties (i.e. Systems, brokers and Investment Managers).
- Chased with Brokers or Counter parts for aged break resolution.
- Verify Corporate Action processed in the Fund correctly as per the requirement by validating it with CAG team report and Bloomberg or IDC (if required).
- Identify exceptions and problems affecting accounting records and prices, communicating same to management, and assisting in their resolution.
- Tracking and Monitoring of all Reconciliation Breaks and Timely reporting of Aged breaks to Client/Respective Departments for Resolution.
- Weekly Team call with onshore where to discuss the aged breaks and discuss the challenges faced and the proposed resolutions.
- Daily NAV Calculation.
Education
Post Graduation Diploma in Management - Finance
Jaipuria Institute of Management
Lucknow, India04-2014
BACHELOR IN COMMERCE - Accounting And Taxation
St. Aloysius College (Autonomous)
Jabalpur, India06-2012
Skills
- Financial Statement Preparation (P&L, Balance Sheet, Cash Flow)
- General Ledger Accounting
- GAAP / IFRS Compliance
- Net Asset Value (NAV) Calculation
- Expense Accruals & Amortizations
- Transfer Agency Operations
- Audit Support & Internal Control Procedures
PROFESSIONAL ACHIEVEMENTS
- Awarded Employee of the month twice in the year 2019 for the month of Nov and Dec.
- Got Spotlight award for Employee of the Month in November 2015.
- Got Team of the quarter and awarded as a valuable team member in the Oct-Dec quarter 2015.
- Trained new subordinates in the team and managed the team effectively in absence of seniors.
- Got Exceeds Ratings/High meets in the appraisals done till date.
- Announced as the Critical resource for the team.
Timeline
Associate Consultant
NORTHERN TRUST
07.2023 - Current
Operations Team Lead
STATE STREET CORPORATE SERVICES MUMBAI PVT. LTD.
01.2019 - 06.2023
Fund Administrator Specialist
CITICORP SERVICES INDIA PRIVATE LIMITED (CSIPL)
08.2016 - 01.2019
Senior Analyst - Investment Banking
HCL TECH LTD (CSIPL PROJECTS)
05.2014 - 08.2016
Post Graduation Diploma in Management - Finance
Jaipuria Institute of Management
BACHELOR IN COMMERCE - Accounting And Taxation
St. Aloysius College (Autonomous)
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