Guruprasad Borhade
Mira Road East, Thane
Summary
Finance professional with extensive experience across alternative investments, hedge funds, fund accounting, and financial reporting. Proven expertise in regulatory reporting, financial modeling, and equity research, contributing to enhanced organizational profitability. Strong analytical and communication skills facilitate effective collaboration with diverse teams. Committed to continuous learning and professional development in the finance sector.
Overview
12
12
years of professional experience
1
1
Certification
Work history
Associate
BlackRock Services India Pvt Ltd.
Mumbai
2023.09 - Current
- Collaborated with fund administration to evaluate Geneva reports and validate NAV packs, ensuring accuracy for open-end fund business on a weekly, monthly, and quarterly basis.
- Authorised payments for operational and project-related expenses through precise analysis and verification of invoice allocations using Coupa system.
- Executed comprehensive portfolio valuations and conducted detailed performance analyses for institutional portfolios using Aladdin accounting platforms.
- Executed reconciliation of positions, prices, market values, and accruals using Aladdin reconciliation tool.
- Executed regulatory reporting procedures and enforced audit controls for CFTC and NFA filings, ensuring compliance with financial statement requirements.
- Coordinated efforts with cash reconciliation, trade operations, and product strategy teams to verify data accuracy and enhance operational processes.
- Spearheaded team efforts in the preparation of business-related reporting, including AUM reporting and ROR metrics, delivering essential insights to stakeholders on a monthly and quarterly basis.
- Assisted teams in delivering projects by facilitating collaboration across functions. Supported resource allocation to ensure project deliverables were achieved efficiently. Promoted team effectiveness through clear communication and guidance.
Associate
BlackRock Services India Pvt Ltd.
Mumbai
2023.09 - Current
- Reviewing weekly, monthly & quarterly NAV packs with the help of Geneva reports provided by fund admin for fund of fund open end business.
- Reviewing invoice allocation and approve the same in Coupa system to release the payments for different type of expenses.
- Conduct portfolio valuations, performance calculation and analysis for Institutional portfolios using Aladdin Accounting platforms.
- Lead all aspects of the preparation and review of holdings/market value reconciliations using Aladdin Reconciliation Tool to reconcile positions, prices, market value and accruals.
- Assist in conducting and implementing procedures and controls to ensure regulatory reporting (CFTC & NFA fillings) and audit requirements (Financial statements for Final & Interim audit)
- Work closely with upstream teams such as Cash reconciliation, Trade operations, Data Integrity Groups, Product strategy and Portfolio managers to ensure accuracy.
- Work closely with all the team members in preparation of business related reporting (AUM Reporting, ROR Metrics etc.) and deliver it to respective counterparts for our business on a monthly or quarterly basis.
Associate Manager
SS&C GlobeOp Financial Services Pvt Ltd.
Mumbai
2021.08 - 2023.09
- Reviewing daily P&L, NAV and month end NAV packs for hedge funds on the eNAV portal.
- Worked on hedge fund structures like standalone, master-feeder, managed accounts etc.
- Responsible for accruing daily or monthly non-security related accruals including management fees and financing accruals.
- Reviewing daily and monthly securities pricing analysis and also checking the trade, position and cash reconciliations prepared by the operation team.
- Reviewing corporate actions such as rights or bonus issue, stock split, dividend, merger and conversions for products like Equities and Fixed income securities.
- Directly dealing with the clients over calls & emails to resolve their queries.
- Providing support to the financial reporting team on year-end and interim audits in preparation of financial statements by using US GAAP method.
- Conducted UAT testing and coordinated with different teams (Prod-dev, IT etc.) in updating Geneva accounting application.
- Monitor, motivate and guide the team. Also identify of any operational issues faced by the team.
- Allocating work to the team and ensure rotation of the funds between team members to avoid monotony at work.
- Providing timely feedback to the team members on their performance and issues if any.
- Duration : August 2021 – September 2023 (2 Years & 1 Month)
Associate Manager
SS&C GlobeOp Financial Services Pvt Ltd.
Mumbai
2021.08 - 2023.09
- Reviewing daily P&L, NAV and month end NAV packs for hedge funds on the eNAV portal.
- Worked on hedge fund structures like standalone, master-feeder, managed accounts etc.
- Responsible for accruing daily or monthly non-security related accruals including management fees and financing accruals.
- Reviewing daily and monthly securities pricing analysis and also checking the trade, position and cash reconciliations prepared by the operation team.
- Reviewing corporate actions such as rights or bonus issue, stock split, dividend, merger and conversions for products like Equities and Fixed income securities.
- Directly dealing with the clients over calls & emails to resolve their queries.
- Providing support to the financial reporting team on year-end and interim audits in preparation of financial statements by using US GAAP method.
- Conducted UAT testing and coordinated with different teams (Prod-dev, IT etc.) in updating Geneva accounting application.
- Monitor, motivate and guide the team. Also identify of any operational issues faced by the team.
- Allocating work to the team and ensure rotation of the funds between team members to avoid monotony at work.
- Providing timely feedback to the team members on their performance and issues if any.
Senior Associate
Morgan Stanley Advantage Services Pvt Ltd.
Mumbai
2016.04 - 2021.08
- Facilitate independent valuation services for hedge funds to enhance investor transparency and ensure regulatory compliance.
- Assisted in daily and monthly NAV calculations for hedge funds. Supported calculations for private equity funds, including co-invest funds. Collaborated with teams to ensure accuracy in financial reporting.
- Reviewed MSPA and custodian reconciliations for position trades and collateral. Identified causes of discrepancies. Notified account managers of breaks. Made adjustments for erroneous or missing transactions in MSPA.
- Executed non-automated transactions for OTC derivatives, ensuring meticulous management of cash movements.
- Accrue daily and monthly non-security related accruals, including management fees and financing accruals, to ensure accurate financial reporting.
- Facilitated audit support and assistance for funds during preparation of financial statements.
- Conducted daily P&L analysis and cash projections to ensure accurate financial oversight.
- Conduct daily and monthly securities pricing analysis to enhance market understanding and support informed decision-making.
- Supported teams in achieving project goals within allocated timeframes and budget. Assisted in coordinating project resources to improve efficiency. Contributed to team meetings to enhance collaboration and communication.
Senior Associate
Morgan Stanley Advantage Services Pvt Ltd.
2016.04 - 2021.08
- Provide accounting solutions to hedge funds for independent valuation, investor transparency and regulatory compliance.
- Worked on daily and monthly NAV calculation for hedge funds. At times also worked on private equity funds like co-invest funds.
- Review MSPA to custodian reconciliations for position, trades, collateral etc. Identify and determine cause. Notify Account Managers of breaks. If break is due to an erroneous or missing transaction in MSPA then make necessary adjustments.
- Process non-automated transactions including OTC derivatives and their related cash movements.
- Responsible for accruing daily or monthly non-security related accruals including management fees and financing accruals.
- Providing audit support and assistance to funds in the preparation of financial statements.
- Perform middle office functions including P&L analysis, daily cash projections, checking client's contribution & redemption etc.
- Perform daily and monthly securities pricing analysis.
Analyst
InSync Analytics (India) Pvt Ltd.
Mumbai
2013.12 - 2016.02
- Conducted comprehensive fundamental analysis of company financials including income statement, balance sheet, and cash flow statements. Assisted in preparing financial models to support decision-making processes. Collaborated with team members to enhance understanding of financial metrics and reports.
- Assisted in identifying key industry drivers and performance ratios. Supported sector-wise and geographic-wise analysis of companies. Contributed to business segment-wise financial modelling.
- Assisted in preparing consensus earnings trends using US GAAP and non-GAAP methods. Supported high-quality research service delivery.
- Facilitated client communication and interaction, ensuring timely and high-quality research deliveries to clients in an efficient manner.
- Oversaw operations for two years and two months, ensuring efficiency and adherence to organisational standards.
Analyst
InSync Analytics (India) Pvt Ltd.
Mumbai
2013.12 - 2016.02
- In depth Fundamental analysis of the company financials including Income Statement, Balance Sheet and Cash Flow and preparing financial models.
- Determining key industry drivers, performance ratios and conducting sector-wise, geographic-wise and business segment-wise company analysis/financial modelling.
- Preparing Consensus earnings trends using US GAAP or Non-GAAP methods and also providing an array of high quality research services.
- Client communication & interaction and ensuring timely and high quality research deliveries to the clients in an efficient manner.
Education
Master of Business Administration - Management Studies (Finance)
Guru Nanak Institute Of Management Studies (GNIMS), Mumbai University
Mumbai 05.2014
Diploma - Financial Management
Welingkar Institute, Mumbai
Mumbai04.2012
B.COM - Accounting & Finance
Chetana College, Mumbai University
Mumbai 04.2011
H.S.C - Commerce
Chetana College, Maharashtra State Board
Mumbai04.2008
S.S.C - General Studies
B.P.E Society High School, Maharashtra State Board
Mumbai 04.2006
Skills
- Deadline management
- Team collaboration
- Fast learner
- Detail-oriented
- Geneva accounting software
- Advent partner investor allocation software
- Aladdin Quasar software
Certification
- Successfully completed Derivatives Market (Dealers) Module of NCFM.
- Successfully completed Investment Analysis & Portfolio Management Module of NCFM.
PROJECTS, WORKSHOPS & SEMINARS:
Successfully completed final project of PGDM on “A STUDY ON INVESTMENT BANKING IN INDIA”., Successfully completed workshop on “Liberation Industry Orientation Programme” conducted by Liberation Coaches Pvt. Ltd.
Accomplishments
- Represented multiple clubs as a AIFF registered football player at Mumbai District level.
- Represented Morgan Stanley football team in many inter corporate competitions (Saran, Adidas, legends etc.).
- Awarded as a “Player of the tournament” for Morgan Stanley in Saran inter corporate football tournament in 2019.
- Awarded as a Gold medalist in GNIMS DREAM RUN Marathon in 2013 at Matunga in partnership with NGO ‘Sakhya’ supporting the cause of ‘Women Empowerment’
- Awarded as a “Best Sports Organiser” in Chetana college.
- Represented Chetana college football team at inter collegiate level.
Disclaimer
I do hereby state that the above mentioned information is true to the best of my knowledge and belief.
Timeline
Associate
BlackRock Services India Pvt Ltd.
2023.09 - Current
Associate
BlackRock Services India Pvt Ltd.
2023.09 - Current
Associate Manager
SS&C GlobeOp Financial Services Pvt Ltd.
2021.08 - 2023.09
Associate Manager
SS&C GlobeOp Financial Services Pvt Ltd.
2021.08 - 2023.09
Senior Associate
Morgan Stanley Advantage Services Pvt Ltd.
2016.04 - 2021.08
Senior Associate
Morgan Stanley Advantage Services Pvt Ltd.
2016.04 - 2021.08
Analyst
InSync Analytics (India) Pvt Ltd.
2013.12 - 2016.02
Analyst
InSync Analytics (India) Pvt Ltd.
2013.12 - 2016.02
Master of Business Administration - Management Studies (Finance)
Guru Nanak Institute Of Management Studies (GNIMS), Mumbai University
Diploma - Financial Management
Welingkar Institute, Mumbai
B.COM - Accounting & Finance
Chetana College, Mumbai University
H.S.C - Commerce
Chetana College, Maharashtra State Board
S.S.C - General Studies
B.P.E Society High School, Maharashtra State Board