Karan
Subject Matter Expert
Summary
Strong leader and problem-solver in a challenging situation, Assists senior managers with accomplishing demanding targets by constantly encouraging team
Overview
13
13
years of professional experience
Work History
Subject Matter Expert
Clearwater Analytics
01.2021 - Current
- Performs daily reconciliation of cash and position consisting of different securities like equity, debt, mutual fund, hedge fund, private equity,MBS,ABS, derivatives(SWAPS,Future, Forward,options)
- Responsible for handling all the recon related queries from client during the implementation phase.
- Reviewing the recon of reconciler on weekly basis and giving them constructive feedback
- Tracking client SLA every day to ensure it is achieved.
- Worked as a program manager to onboard client on Clearwater system, starting with account creation till reporting.
- Connecting with client on weekly basis to share the progress of the project and discussing on various issues as well as clearing their queries on real time if possible.
- Applying automation rules and working with the Data Normalization team to get the most recon automated
- Works with the Steady State Recon team and client servicing team to transit the clients once the accounts are stable and ready to be moved
- Works with product manager to do enhancements in CWAN system for derivatives.
- As a part of Interview Panel, get involved in Operation round of interviews for program manager and recon profiles
Assistant Manager
CITICORP Services India Private Limited
11.2019 - 01.2021
- Performing the accounting and reconciliation of mutual fund securities
- Monitoring preparation and delivery of morning cash report to clients
- Ensure Citi reflect all transactions, cash, and position balances, reconciled to the client’s custodian daily
- Validating the price change, corporate action, trade processed and check impact on NAV
- Ensure NAV calculated and delivered in market is correct
- Money market reform checks.
Senior Associate
Ameriprise Financial
12.2015 - 10.2019
- Performing accounting, reporting and reconciliation of institutional clients and mutual fund data
- Ensuring Columbia Management portfolios accurately reflect all transactions, cash and position balances, reconciled to the clients’ custodians on a daily basis
- Reporting related to NAV calculation, holdings, Cash & Transactions, market value reconciliations
- Cash and Holding Reconciliation of internal data (GIM) with custodian data for fixed, equity and derivative securities
- Resolution of identified issues to restore the integrity of the account within the system
- Accurate communication of same day cash that impacts clients’ investment decisions
- Communication to our functional partners and impacted parties for precautionary measures
- Effective management of account reconciliation activities to increase our ability to proactively identify and resolve issues that could result in trading errors or misstatements in accounting and reporting records
- Performing the role of SME in the process
- Reconciling client accounts so that his books matches with bank books
- Detection of fraud being made to the company
- Knowledge of Bloomberg, Invest One, and Frontier.
Process Developer
Genpact (Worked for GE)
12.2014 - 11.2015
- Preparation of P&L & Balance Sheet of the company
- Researching and preparation of Balance Sheet variance commentary
- Preparation of govt
- Reports
- Intercompany reconciliation preparation and reporting on monthly basis
- Researching on Intercompany variances and clearing it accordingly
- Invoice Processing of the clients and finalizing the amount for final accruals related thereto
- Dealing with customers for clearing intercompany variances
- Supervising the record of cash and non-cash expenses
- Co-ordination with customers for finalizing the amount for final accruals related thereto.
Accountant
Vishnu Agarwal Associates (CA Firm)
12.2012 - 12.2014
- Preparation of P&L & Balance Sheet of the companies
- Intercompany reconciliation for the financial year
- Reconciliation of Bank Statements on yearly basis
- Bill Processing of the clients and finalizing the amount for final payments related thereto
- Reconciliation of final standing balances of debtors/ creditors at the end of financial year
- Handling TDS, Sales tax, Income Tax Return, and other Statutory Compliance
- Handling the Audit of Societies
- Estimate the Balance Sheet, P&L, Cash Flow Statement, Ratio Analysis and Employee Salary Structure
- Making the PPT of Financial structure of the company
- Supervision of record of all types of Expenses and entry related thereto.
Education
Skills
- Fund Accounting
- NAV Calculation
- Reconciliation
- Client interaction
- Derivatives
- Mutual and Hedge Fund
- Private equity
Skillsexperience
- Good oral, written and Interpersonal communication Skills.
- Well organized and dedicated, with a positive and flexible attitude.
- Ability to mingle with a team and adaptability to changed environment.
- Willingness to take new challenges and responsibilities.
- Proven co-ordination skills.
Languages
English & Hindi
Timeline
Subject Matter Expert
Clearwater Analytics
01.2021 - Current
Assistant Manager
CITICORP Services India Private Limited
11.2019 - 01.2021
Senior Associate
Ameriprise Financial
12.2015 - 10.2019
Process Developer
Genpact (Worked for GE)
12.2014 - 11.2015
Accountant
Vishnu Agarwal Associates (CA Firm)
12.2012 - 12.2014