NIHAL TODKAR
Pune
Summary
Dynamic leader with a proven track record in fund accounting and team management at BNY. Successfully spearheaded strategic initiatives that reduced errors by 25% while enhancing SLA adherence. Expertise in regulatory compliance and process improvement, fostering collaboration across functions and boosting client satisfaction. Exceptional skills in portfolio reconciliation and team development, complemented by hands-on experience with applications such as Eagle, InvestOne, Fircosoft, and TLM.
Overview
15
15
years of professional experience
Work History
Vice President - Manager, Fund Accounting & Reconciliation
BNY
Pune
04.2023 - Current
- Successfully led the onboarding of new clients to the Pune location for fund accounting and reconciliation operations, managing the transition of workflows supporting over $10B in assets.
- Built and developed a team of 42 FTEs, implementing comprehensive training programs that reduced onboarding time by 30%.
- Established robust operational controls that reduced processing errors by 25% and improved SLA adherence to 99.8%.
- Oversee daily accounting operations, ensuring 100% compliance with departmental policies, regulatory requirements, and client specifications.
- Developed and implemented KPI monitoring dashboards that improved team performance visibility and accountability.
- Manage 17 direct reports supporting U.S. region clients, with responsibilities including performance evaluation, career development, and cross-training initiatives.
- Collaborate with senior leadership to develop strategic improvements for the fund accounting and reconciliation functions.
Lead Analyst, Fund Accounting
BNY
Pune
01.2022 - 03.2023
- Managed team of 11 professionals performing cash and asset reconciliation, NAV calculations, and financial reporting for institutional clients
- Established automated controls that reduced manual review time by 35% while maintaining accuracy standards
- Liaised with onshore business teams to develop and implement system enhancements that improved processing efficiency by 20%
- Conducted monthly and semi-annual performance reviews for direct reports, establishing clear metrics and development plans
- Ensured timely and accurate NAV calculation across all assigned funds with 100% compliance to deadlines
- Streamlined exception resolution processes, reducing aged items by 40% and improving client satisfaction scores
Officer - Team Lead, Cash Operations & Sanctions Screening
NORTHERN OPERATING SERVICES PVT. LTD.
Pune
12.2019 - 01.2022
- Led team responsible for sanctions screening, ACH processing, and trust account funds matching with 99.7% accuracy rate
- Successfully managed external and internal audits (SOC and GS) for ACH, EXM, and OFAC teams with zero critical findings
- Implemented enhanced investigation protocols for flagged transactions, reducing false positives by 22%
- Developed and promoted 'Good Guy' suggestion program that increased STP rates by 15% and reduced manual intervention
- Created comprehensive training materials and knowledge transfer documentation that reduced onboarding time for new team members by 25%
- Collaborated with compliance teams to ensure adherence to all regulatory requirements for sanctions screening and payment processing
Assistant Manager, Fund Reconciliation
INFOSYS BPM
Pune
08.2017 - 12.2019
- Managed reconciliation operations for bank loan funds, mutual funds, and hedge funds with 100% deadline compliance
- Implemented daily exception reporting and reconciliation sign-off protocol that improved transparency and accountability
- Initiated cross-functional calls to address outstanding and aged exceptions, resulting in 45% reduction in controllable breaks
- Developed performance tracking system that improved team productivity by 20% and reduced error rates by 30%
- Created and implemented daily training program addressing knowledge gaps, which improved team capability scores by 35%
- Led project to reduce high-risk exceptions, achieving 60% reduction in potential threat items through enhanced controls
Team Leader, Asset Management Operations
STATE STREET SYNTEL PVT. LTD.
Pune
04.2010 - 07.2017
- Led US operations team for Deutsche Bank Asset Management, successfully managing migration from DeAWM Bengaluru facility to joint venture
- Managed end-to-end reconciliation process between investment managers and custodians, ensuring 100% accuracy in daily reporting
- Coordinated new account setup processes for various clients, ensuring compliance with KYC and regulatory requirements
- Developed and implemented exception management framework that achieved ZERO controllable breaks consistently for 12+ months
- Provided specialized support to Oversight Client Service Team for complex queries related to exceptions, feeds setup, and reconciliation issues
- Created comprehensive client reporting package including exception overview and overdraft reporting to DB front office
Education
Bachelor of Commerce -
Dr. D. Y. Patil College (S.P.P.U.)
Pune, India01.2010
Skills
- Fund accounting
- NAV calculation
- Portfolio Reconciliation
- Regulatory compliance
- Sanction Screening and Due Diligence
- Reconciliation Tools
- Team management and development
- Performance Optimization
Languages
- English, Professional Proficiency
- Hindi, Native
- Marathi, Native
Timeline
Vice President - Manager, Fund Accounting & Reconciliation
BNY
04.2023 - Current
Lead Analyst, Fund Accounting
BNY
01.2022 - 03.2023
Officer - Team Lead, Cash Operations & Sanctions Screening
NORTHERN OPERATING SERVICES PVT. LTD.
12.2019 - 01.2022
Assistant Manager, Fund Reconciliation
INFOSYS BPM
08.2017 - 12.2019
Team Leader, Asset Management Operations
STATE STREET SYNTEL PVT. LTD.
04.2010 - 07.2017
Bachelor of Commerce -
Dr. D. Y. Patil College (S.P.P.U.)
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