Kumarappan L
Fund Accountant
Chromepet
Summary
To build a career in a growing organization, where I can get the opportunities to prove my abilities by accepting challenges, fulfilling the organizational goals to develop the career through continuous learning and commitment.
I am working as Fund accountant for more than 9 years of work experience in investment banking and an extensive background in the following broad - based competencies:
Overview
10
10
years of professional experience
Work History
Lead representative
BNY Mellon International operations, India Pvt Ltd.
Chennai
08.2022 - 05.2024
- Responsible to review and post the Capstock activity
- Ensure that ending outstanding shares with transfer agency report tie in Investone application for all funds
- Processing Advisor reconciliation on daily basis (Client VS Accounting)
- Processing Treasury Inflation Protected securities Paydown / Pay up and offset the cash with Interest
- Processing option expiration for Friday and Monday as per client instruction
- Processing FX repatriation for capstock activity and income distribution a per client trade blotter
- Review FX recon (client vs Accounting)
- Processing Initial Margin and Mark to Market adjustment as per broker statement
- Processing the income distribution and reinvestment via Investone application
- Run EMS cycles to validate the exception which is more than 1bps
- Responsible to check and update the rates in Investone
- Fund is verified and closed after all necessary validations
- Monitor the daily BAU task goes without missing deadline.
Senior Associate
BNP PARIBAS GSO PVT LTD
Chennai
10.2019 - 08.2022
- Reviewing the NAV pack prepared and checking whether proper justifications are given in Pcontrol application with backups
- Reviewing the FX forward recon for the funds based on prime broker statement
- Reviewing the Equity, Bond, Repo, CDS, IRS, Futures reconciliation between prime broker and Custody
- Reviewing Equity and Bond reconciliation performed between custody and FA
- Validating trades, corporate actions, pricing before starting NAV calculation and validating the pcontrol exception before finalising NAV
- Reviewing the cash posting done in Multifonds accounting tool based on the broker statement and cash reconciliation in Intellimatch application
- Reviewing the fee posted based on the invoice
- Reviewing the stock/Position recon between accounting and custody
- Reviewing whether all breaks in fund are investigated / queried / commented and corresponding backups are kept in Rec pack
- Reviewing the Transfer agency recon performed
- Creating SOP when new funds are launched and updating existing SOP with any process changes
- Providing training about the process and various financial products.
Process Lead
BNY Mellon International operations, India Pvt Ltd.
Chennai
07.2017 - 10.2019
- Responsible to perform NAV calculations of Mutual funds, Private Equity funds and Pension funds and ensure that are produced accurately and in a timely manner
- Performing of NAV Calculation includes – Reconciliations of Cash, Position & TA, Processing of Corporate Actions & Dividends, Setting up of expense Accruals for funds, Processing of trades includes Equity, Futures UCITS, Repo and STIF
- Responsible for Delivery of monthly NAV’s on time and tracking of the status to be delivered and perform rollover activities of the fund
- Responsible for review of work done and training for juniors and freshers
- To perform a high level review of huge variations in market values of the securities, corporate actions, incomes, expenses, trades, share/cash breaks, domestic and global securities set ups, and any client specific special procedures to ensure a high level of accuracy
- Responsible to investigate into the discrepancies in the fund and action the mismatches on a timely manner to ensure on time delivery of the NAV’s
- Bravo awardee for exceptional performance during crunch with accuracy and timeliness on Critical accounts.
Senior Analyst
State Street HCL Services Pvt Ltd
Coimbatore
05.2015 - 06.2017
- Responsible to perform NAV calculations of Mutual funds and ensure that are produced accurately and in a timely manner
- Performing of NAV Calculation includes – Reconciliations of Cash, Position & TA, Processing of Corporate Actions & Dividends, setting up of expense Accruals for funds, Processing of trades includes Equity and Futures
- Responsible for Delivery of daily NAV’s on time and tracking of the status to be delivered and perform rollover activities of the fund
- To initiate, support and help to develop process improvements by actively pursuing or creating projects that benefit division in improving accuracy, timeliness increasing efficiencies or solve any problems
- To perform a high-level review of huge variations in market values of the securities, corporate actions, incomes, expenses, trades, share/cash breaks, domestic and global securities set ups, and any client specific special procedures to ensure a high level of accuracy
- Auditing all the reports which are deliverable to the client with the last month backup
- NAV out of tolerance find outing and validate the reasons
- Taking all the backups for releasing the NAV
- NAV releasing to the client with the prior approval.
Accounts Executive
Thyrocare Technologies, Navi Mumbai
Mumbai
09.2014 - 03.2015
- Every day we have to do Bank Reconciliations for Companies Account
- Every month we have to do Bank Reconciliation for Directors Personal Account
- Receiving and Transfer the fund to Franchisee account
- Replying to franchisee queries regarding their Payments
- Book Keeping of Companies Bank account and Personal accounts of the directors.
Education
M.B.A - Finance And Marketing
KPR School of Business, Anna University,
Coimbatore06.2014
B.Com (CS) -
PSG College of Arts And Science
Coimbatore07.2011
State Board- Commerce Stream - Commerce
Alagappa Matriculation Higher Secondary School
Karaikudi, TamilnaduMatriculation Board -
Sambaviga Higher Secondary School
Sivaganga, TamilnaduSkills
Multifondsundefined
Accomplishments
- Best Performer award in SSHCL for Handling Huge Volumes and accuracy in Fund accounting.
Position Held
Coordinated an IT Game event in Laureate 2013 held at KPR School of Business on 28th Feb 2013.
Internship Details
M.B.A, Organizational study at Cholamandalam Investment & Finance Company Ltd, Madurai, Analyze all department process in Cholamandalam Investment & Finance Company Ltd
Nism Certificates
- Mutual Fund Distribution Certification Examination (series V-a), 2014
- Depository Operation Certification Examination (series VI), 2014
- Securities Operations and Risk Management Certification Examination (series VII), 2014
Personal Information
- Passport Number: W0823906
- Father's Name: KM. Lakshmanan
- Date of Birth: 08th June 1991
- Gender: Male
- Nationality: Indian
- Marital Status: Married
Language Proficiency
- Tamil
- English
Projects
M.B.A, Study financial performances of Sree Vadivambigai Textile Mills Pvt Ltd, Analyzed, Balance sheet & comparative balance sheet, Trend analysis for sales & Net profit, Ratio Analysis, financial performance of Sree Vadivambigai Textile Mills Pvt Ltd
Disclaimer
I hereby declare, the information furnished above is complete and correct to the best of my knowledge.
Additional Information
https://www.linkedin.com/in/kumarappan-lakshmanan-403a6687
Timeline
Lead representative
BNY Mellon International operations, India Pvt Ltd.
08.2022 - 05.2024
Senior Associate
BNP PARIBAS GSO PVT LTD
10.2019 - 08.2022
Process Lead
BNY Mellon International operations, India Pvt Ltd.
07.2017 - 10.2019
Senior Analyst
State Street HCL Services Pvt Ltd
05.2015 - 06.2017
Accounts Executive
Thyrocare Technologies, Navi Mumbai
09.2014 - 03.2015
M.B.A - Finance And Marketing
KPR School of Business, Anna University,
B.Com (CS) -
PSG College of Arts And Science
State Board- Commerce Stream - Commerce
Alagappa Matriculation Higher Secondary School
Matriculation Board -
Sambaviga Higher Secondary School
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