Mangesh Joshi

• Managing multiple teams 15+ team members for daily, weekly, monthly, quarterly and other periodic deliverables.
• Review and recording of cash, expense transactions, daily cash and position reconciliations, monitoring trade
  activity, corporate actions, portfolio valuation, research and investigation for resolving discrepancies.
• In-depth understanding and functional knowledge GAV/NAV computation.
• Attending daily calls with multiple stake holders.•
• Monthly One-On-One Performance Reviews and Provide guidance and direction to staff
• Coordinate timelines for deliverables with staff and clients.
• Process SOPs review, attrition within limit, hiring and training of team.
• Maintain operational responsibilities for assigned fund(s).
• Ability to prioritize multiple tasks by utilizing effective time management skills.
• Assist in identifying and implementing desirable systems/procedure enhancements.
• Managing and monitoring the timing and quality of client deliverables to meet SLA’s. Providing on-the-job coaching, training, and leadership as necessary to the accounting team.
• Conducting regular team meetings to discuss achievements, deliverables, work allocations, errors and encouraging team member’s feedback on all issues.
• Managing the Adjusted Trail Balance process to help the Financial Reporting team to produce their Financial Reports.
• Managing the client/Audit queries and make sure to respond them on timely manner.
• Involved in Integration from operation activities from onshore to offshore
• Managing the Cash and Assets Reconciliation integration process.

• Assisting and reviewing Month End NAV statements.
• Production of daily P&L for our clients, following the client's procedures, and focusing on price variances.
• Conducting trade, position ad cash reconciliations.
• Preparing Ad-hoc reports for our fund Manager.
• Ensuring that expense accruals are booked.
• Delivering the highest service levels to clients and ensuring compliance with internal policies and procedures.
• Ensuring preparation & delivery of daily, weekly and month end PNL & NAV in accurately and timely manner.
• Identify areas for increased efficiency, quality and productivity.
• Identify exceptions and issues affecting valuation process, communicating same to management, and assistingin their resolution.
• Good understanding of complex investment products, performance fee calculations, fund structures, side pockets and distributions etc.
• Liaison with auditors, including preparation of financial statements and audit support schedule.
• Participate in the annual review on fund documents, operating memorandum and pricing policy.
• Minimize issues by maintaining a tight control and high accuracy levels.
• Able to escalate in the event of any operational control deficiency and provide suggestion to mitigate such risks.
• Participation in ad hoc projects.
• Allocate work to the Team and ensure proper work allocation.
• Ensure rotation of the funds between team members to avoid monotony at work.
• Monitor, motivate and guide the team and always be aware of any operational issues faced by the team.
• Resolve queries and train & develop the team.
• Ensure that the team plans and takes leave in order to ensure that they don’t get over-stressed at work.
• Be a one-point contact in India for the funds handled and coordinate with the US and UK offices and highlight / resolve any issues.
• Provide timely feedback to the team members on their performance and issues if any.

• Preparation and Review of the production of the Fund‘s semi-annual and annual reports. (US GAAP & IFRS).
• Responsible for preparation & review of POI (Portfolio of Investment)/Notes to Financial Statements and Primary statements (Statement of Assets and Liabilities, Statement of Operations and Statements of Changes in Net Assets.
• Conducted Training for all team members for basic concepts of financial reporting.

• To Manage pre/post Audit on Boston region Mutual Funds for various clients before Financial statements are prepared.
• To Manage and review reclassification/adjustments entries to be reflected on Financial statements.
• To Manage and review all ‘As of Transactions’ for any deemed adjustment entries per client specifications.
• To provide external auditors with requisite reports and Audit Confirm Letters.
• Preparation and Review of the production of the Fund‘s semi-annual and annual reports. (US GAAP).
• Responsible for preparation & review of POI (Portfolio of Investment)/Notes to Financial Statements and
  Primary statements (Statement of Assets and Liabilities, Statement of Operations and Statements of Changes in Net Assets.
• Preparation and review of Derivatives schedules like Futures, Options, Forwards and Swaps.
  • Develop and adjust department procedures and systems enhancements. Coach and develop staff including formal objective setting, performance reviews and provide ongoing and regular feedback.
• Manage and review Closing entries to ensure correctness of funds income distribution.
  • Ongoing analysis of Client accounting records and escalation, where appropriate, of any potential issues identified.
• To ensure all the risk and control checks are in place and team adhere and follow all required checklists and SOP’s, ensure they are up to date post audit cycles.
• Recognize and act on opportunities to improve processes including developing and making recommendations for change and encourage the team to come with ideas for efficiency.
• Ensures effective use of automation and make recommendations for current system enhancements.

• Manage and Review the annual and interim reports and financial statements reconciled to ensure quality and accuracy with IFRS
• Identify areas of improvement, provide feedback and continuous coaching and training to the team members on a regular basis in order to improve performance
• Liaise with the relationship managers, fund administrator and valuation team (onshore) to provide updates, resolve queries and obtain feedback on the performance of the sub-process
• Identify any internal breach and resolve/escalate it to the Team Manager before the funds are sent to the client for sign-off
• To keep abreast of changes in Regulations and industry practices, in particular the SORP and Taxation changes
• Update the database with the client sign-off information on a timely basis
• Maintain error and query log and update it on a regular basis
• Liaise with trustees, investment advisers, auditors and other professional bodies for follow ups pertaining to any information and in order to resolve queries, if any
• Assist the Team Manager in ad-hoc projects and performance improvement initiatives; and Assist and mentor colleagues by sharing experience where appropriate, in meeting SLAs.

• To investigate and process any income event notified to the team by the service provider via the fund accounting platform.
• All entries\movements to be posted prior to the specific valuation point of each fund ensuring no breaches and financial risk is involved.
• Manage and Monitor of all income events for Capita Asset Services. Processing will be completed in Capita Financial Fund Accounting and trade routing system and should ensure that all income events have correctly effected funds holdings.
• Ensure the correctness of income events after performing regular review with different sources and rectify the discrepancy if any and report the incident to compliance department.
• All income events are reconciled accurately and processed within agreed timelines.
• To process tax vouchers for unit trust dividends correctly splitting the group 1 and group 2 tax portions.
• Investigating any cash breaks that have originated from incorrect payments and correcting them in the fund accounting system.
• Ensure that queries received from trustees/depositaries are responded on timely manner.
• Review breaches and perform root cause analysis for the errors to ensure those are not repeated in future.
• Prepare weekly and monthly MI regarding the team performance.
• Identify areas of improvement; provide feedback and continuous coaching and training to the team members on a regular basis in order to improve performance.
• Maintain an error and query log, and update it on a regular basis.
• Assist Manager in ad-hoc projects.

Collaborated with UK team from September 2008 to February 2009, delivering training on accounts pack preparation and review.

Preparation of funds’ financial statements

• Portfolio Statement (sector wise/country wise)
• Net Assets & Comparative Statement
• Material changes
• Statement of Total Returns
• Balance Sheet
• Notes to Accounts
• Distribution Table
• Distribution Sheet
• Tax Calculation, Etc.
• Review of the income and capital trial balances

• Verification of outstanding income, tax reclaims, portfolio of holdings, units in issue of the mutual funds with the Trustee Certificate.
• Verification of outstanding creations and expropriations of units, trades or the corporate actions.
• Verification of Income Received Report.
• Calculation of tax based on the nature of the fund, viz. interest distributing or dividend distributing funds.
• Calculation of the net available surplus to be distributed to the unit/share holders.
• Posting Interim/Year end closing accounting journals in the system.
• Preparing the Estimated Distribution for the funds in a timely & accurate basis.
• Liaise with the relationship managers, fund administrator and valuation team (onshore) to provide updates,resolve queries and obtain feedback on the performance of the sub-process;
• Liaise with trustees (BoNY), investment advisers, auditors and other professional bodies for follow ups
pertaining to any information and in order to resolve queries, if any;
• Verifying the Quarterly Tax Review of various funds received from Tax Exeter Team.
• Assist the Team Manager in ad-hoc projects
• Reviewed the annual & interim reports and financial statements with quality & accuracy as and when requited.

• Reconciliation of various mutual funds, calculating the net asset value (NAV), and providing the NAV to the trustees as of a particular valuation date, and explaining discrepancies as per the declared NAV and the NAV recalculated.
• The function of this team is to reconcile the Net Asset Value (NAV) published by the Fund Administration and Pricing team and take full responsibility for the validity of the Trial Balance.
• Preparation of NAV statement which includes below:
  Accrual of income as per the confirmation from trustees and Bloomberg
  Accounting of expenses
  Validation and chase outstanding income
  Calculation of UK Corporation tax

• Handled Statutory Audit, Quarterly Audits with Senior Executive or independently

• Handled Purchase requirement for laboratory

• Handled complete Accounting practices covering Income Tax, Sales Tax for more than 20 customers.
• Independent liaison with the tax Authorities.
• Maintained complete Government paper work related to Income Tax submission