Hi, I’m
Krishna Bamne
Fund Accounting Operations
Pune,Maharshatra
Remember that not getting what you want is sometimes a wonderful stroke of luck.
Tenzin Gyatso, Fourteenth Dalai Lama
Overview
17
years of professional experience
8
years of post-secondary education
4
Certificates
1
Language
Summary
Professional Brief:
Highly enthusiastic and team spirited professional offering more than 16 Years of insightful work experience in the field of finance. Currently associated with CITCO Financial Services as a Supervisor- Fund Accounting
Professional Attributes:
A proactive leader and planner with expertise in team management, technical guidance, and productivity optimization, experienced in handling accounting in hedge funds.
Proficient in identifying and providing clients with various solutions, as well as coordinating and ensuring clients' needs are met.
Excellent analytical skills spearheaded many projects, with expertise in working with Axeo and Epesus applications. Fluent in Microsoft Office programs.
Work History
CITCO Financial ServicesPune
Supervisor
05.2021 - Current
Job overview
- Key Responsibilities in Fund Accounting Process:
- Handling US Hedge Fund and Fund of fund clients with complex structures such as managed accounts, master-feeder funds, and standalone funds, and meeting their demands by providing quality services
- I have also been responsible for planning and executing daily, month-end, and year-end processes
- Involved in preparation and review of NAV pack for releasing NAV’s to the client
- Experienced in handling client onboarding, possess a proven track record of successfully managing the client onboarding process for new client
- Conducted regular reviews of operations and identified areas for improvement.
- Expertise in establishing strong relationships with clients, understanding their needs, and providing customized solutions to meet their requirements
- Responsible for review financial NAV based on client specifications and meeting deadlines for fund delivery in a timely manner
- Responsible for preparation of the monthly planner and MIS for my team
- Technical Skill and Achievements:
- Proficient in Excel-based macro development, possess a strong skillset in developing macros and automation tools in Excel, including experience with VBA
- Recognized and awarded the Best Quarterly Performance for Nav Calculation in Q1 2023
- The award was given in recognition of my exceptional skills in calculating Net Asset Value (NAV) for complex portfolios, as well as my ability to ensure accuracy and timeliness of NAV calculations
- Proposed and implemented a new process improvement idea to streamline a time-consuming and error-prone task
- Collaborated with cross-functional teams to implement the idea, ensuring buy-in from all stakeholders and successful adoption of the new process
- Management Skill:
- I have a great deal of experience leading teams
- Having the capacity to inspire and motivate teammates to accomplish shared objectives
- The capacity to priorities work and successfully manages one's own time
- Expertise in team building, with a proven ability to create and maintain a positive and productive work environment
- The ability to make sound and well-informed decisions based on available information.
Axis Asset Management. LTDMumbai
Deputy Manager
12.2018 - 04.2021
Job overview
- Key Responsibilities in Fund Accounting and Reporting:
- Handling Fund accounting and Preparation of Daily NAV
- Preparation of Summary cashflow for correctness of inflow and outflow
- Checking Expense Ratio of various scheme for Spillover and buffer activities
- Checking Dividend Distributable surplus and get confirmation from Fund managers and compliance team for distribution of surplus over and above of base NAV
- Checking Tb for daily management fees and other fees Accruals
- Calculating missed transaction impact and pass the necessary entry
- Checking Interest calculation for CBLO and bank borrowing as per SEBI circular
- Checking Daily corporate action with settlement team and custody
- Checking daily valuation of ICRA and CRISIL and ensure the accuracy
- Preparing brokerage entry on monthly basis
- Checking daily accrual entry for new security
- Ledger Scrutiny
- Preparation of Various compliance And SEBI reporting
- Portfolio churning
- Monthly Portfolio
- CTR reporting
- Factsheet
- Debt and equity exposure report
- Monthly Borrowing Reports
- Deployments of funds as per RBI/SEBII guidelines
- Rating Downgrade Reports
- Any other reports as per SEBI requirements
- Technical Skill - (Macro)
- Prepared macro for smooth function of daily entry for borrowing
- Excel base various Report.
- Enhanced supervisory and leadership abilities by working closely with Fund Mangers.
Tata Asset Management. LTDMumbai
Assistant Manager
07.2007 - 11.2018
Job overview
- Key Responsibilities in Fund Accounting:
- Routine Work
- Preparation of daily NAV and Daily review of Interest Accruals
- Reporting and checking of Cash flow with the Dealers
- Review of Daily Cash Flow & Fund flow
- Handling all the Funding activities
- (Redemptions, Dividends, Brokerage, Expenses)
- Handling all Investment funding activities
- (Custody Funding)
- Reviewing all corporate actions for the Company and incorporating the same
- Preparation interscheme working (fair value as per SEBI guidelines)
- Checking all corporate actions
- Maintenance of Security Masters and interest accrual of the same
- Timely identification and passing of bank reconciliation entries
- Dealing with (Internal & Statutory) Auditors & providing information as & when required
- Creation of security master for various asset type CP, CD, NCD, ZCB
- Handled U.A.T (User Acceptance Test for new software)
- Year end:
- Evaluated employee performance and conveyed constructive feedback to improve skills.
- Preparation of Half Yearly and Annual Reports
- Preparation of financials
- Prepare industry wise classification report for audit purpose
- Various SEBI reports
- Banking Operation Activity:
- Handling the daily banking operations of around 15 banks
- Checking of funding for various banks of various payouts with the registrar file and funding statement prepared by our treasury team
- Marking comment for any short or excess funding done in funding file
- Monitoring the same funding payouts status on the Internet Banking Site of the respective banks
- Timely reporting of RTGS credits received and RTGS debits done with UTR No
- To the investor service team and branches.
S & C (Sridhar and Santhanam) Business Solution PVT. LTD, Deutsche Bank
Back Office Executive
09.2006 - 06.2007
Job overview
- Reconciliation:
- Subscription Receivable and Redemption Payable Reconciliation for all the schemes of Reliance Mutual Funds
- Arriving Receivable and Payable during the month with units booked and the funds received during the month and it is cross verified with registrar books
- (KARVI)
- Daily investor level switches receivable and payable reconciliation and scrutinized of funds to be transferred in switch transactions against schemes to schemes
- Dividend payable reconciliation declared by Reliance Mutual Fund for all Schemes and cross verifying the same with registrar books.
MIS
04.2016 - 01.2016
Job overview
- Prepared macro and enhanced procedures that reduced time, risk and exposure while service delivery and operating efficiency, received recognition for the same., Report: -
- Maintained the Control Sheet for daily activities handled (part of MIS required at Deutsche Bank)
- Preparing the Ageing Analysis and Client Wise Summary for the Clients and Maintaining MIS for registered like CAMS and KARVY
Education
Sikkim Manipal UniversityIndia
MBA from Finance
04.2009 - 04.2011
Mumbai UniversityIndia
B.COM
04.2003 - 03.2006
Chetna Collage of CommerceIndia
H.S.C from Commerce
04.2001 - 03.2003
Mumbai State BoardIndia
S.S.C
04.1999 - 03.2000
Skills
Hedge Fund Accountingundefined
Certification
Awarded 2009-2010 Best Performance
Timeline
Awarded Sep-2022 Best Performance of the Quarter
12-2022
Supervisor
CITCO Financial Services
05.2021 - Current
Deputy Manager
Axis Asset Management. LTD
12.2018 - 04.2021
MIS
04.2016 - 01.2016
Certification national institute of security market (NISM)
09-2015
Awarded 2010-2011 Best Performance
10-2010
Awarded 2009-2010 Best Performance
08-2009
Sikkim Manipal University
MBA from Finance
04.2009 - 04.2011
Assistant Manager
Tata Asset Management. LTD
07.2007 - 11.2018
Back Office Executive
S & C (Sridhar and Santhanam) Business Solution PVT. LTD, Deutsche Bank
09.2006 - 06.2007
Mumbai University
B.COM
04.2003 - 03.2006
Chetna Collage of Commerce
H.S.C from Commerce
04.2001 - 03.2003
Mumbai State Board
S.S.C
04.1999 - 03.2000
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