NILAM KAMBLE
Airoli
Summary
Committed to achieving professional growth through continuous learning and embracing responsibilities in a respected organization that encourages development in a demanding work setting.
Overview
13
13
years of professional experience
1
1
Certification
Work History
Team Lead (Fund Group)
State Street Cororation Pvt. Ltd.
Mumbai
05.2022 - Current
- Managing team of 6 employees, monitoring projects to ensure timely progress and deliverables.
- Encouraged and supported team in developing process improvement initiatives, identifying areas for efficiency gains and error reduction.
- Prepare the NAVs of the mutual fund clients on a daily/Monthly basis.
- Ensure valuations of Mutual/Pension funds completed in an accurate and timely manner. Review the Standard Operating Procedures (SOPs) on a quarterly basis maintaining Change Trackers.
- Responsible for Monthly Reporting & trade reconciliation & research on Corporate Action breaks.
- Reconciled cash, positions and accruals, reviewed and resolved cash discrepancies, and followed up with the bank and various investment managers and internal teams for break resolution.
- Conducted IM reconciliation to verify stock holdings and NAV values for accuracy.
- Interacting with the portfolio management team in providing portfolio administration support
- Maintained strong rapport with onshore and offshore management and internal and external partner groups to facilitate collaboration.
- Handle Counterparties/clients, Onshore and Internal Escalations
- Monitor Monthly Checklists for the sub-processes to ensure completion of all activities in the agreed timelines.
- Assisting in internal Audit and meeting the audit requirements.
- Monitoring and giving feedback on quality reports received from the client.
- Provided functional support and direction to associates on client needs and support.
- Taking team briefings and huddles on updates regarding training material/tests/contests Ensuring compliance of all processes, policies and procedures required for the performance of the job
- Created SOP for the most critical funds.
Senior Hedge Fund Accountant
Bank of New York Mellon
04.2021 - 05.2022
- The Bank of New York Mellon is the world's largest custodian bank and securities service company. It is considered a systemically important bank by the financial stability board.
- Prepare the NAVs of the hedge fund clients on a daily/Monthly basis.
- Conducted PB reconciliation of shares, cash, and income using Geneva software.
- Preparing cash/ Position/ Market value Reconciliation and resolving breaks
- Notified clients/onshore of valid breaks and adjusted erroneous or missing transactions in the accounting system.
- Reviewed pricing of portfolio securities and analysed/resolved pricing exceptions to ensure accurate reporting.
- Prepared dividend and interest reconciliations to ensure accurate financial reporting.
- Processed admin fees, commissions, performance fees, and management fees to maintain accurate accounting records.
- Verifying the General and the Sub ledgers are matching.
- Maintaining the accounting and accruals for the various portfolios.
- Completed status updates by daily deadlines and communicated them to the onshore team.
Senior Associate & Portfolio accountant (Fund Group)
State Street Syntel Services Pvt. Ltd.
04.2013 - 03.2021
- Produced monthly reports for pension funds of corporate institutions to ensure accurate net asset values for each fund.
- Reviewing monthly performance of funds & updating the reason for Appreciation / Depreciation of NAV within the internal accounting system FAR [Fund & Asset Reporting].
- At the end of each month, we are responsible for producing the accounting reports that reflect all the activity that took place during the last calendar month. This report should match what has happened in the real world. We also produce a trial balance each month, which provides a Net asset valuation of all the assets within the portfolio.
- Maintain highest quality level in term of NAV accuracy, completeness & timeliness.
- Verified security pricing from sources like Reuters and Stream for swap securities, ensuring compliance with pricing tolerance.
- Processed payments for capital calls, management fees, and other expenses, ensuring timely contributions and dividend reinvestments.
- IM Reconciliation to verify stock and NAV.
- Reconciliation of paydown and pay up for the client, should match with Bloomberg and posting the same to client's books.
- Verifying the General and the Sub ledger are matching.
- Updated coupon rates of securities daily to ensure accurate interest reporting in custody records.
- Calculation of carried interest on accrual and cash basis.
- Identify exceptions and problems affecting accounting records and prices, communicating the same to management, and assisting in their resolution.
- Coordinated timely closure of funds to meet established deadlines.
- Perform in-depth research of private equity markets across funds, limited partners and general partners.
Education
Diploma in financial mgt. -
Wellingkar's institute of mgt.
Mumbai, MH01-2012
B.Com. -
Mumbai University
01-2007
Skills
- Fund Accounting
- Reconciliation
- Audit Support
- Data Analysis
- Quality Monitoring
- Operations
- Process Development
- Client Support
- Coaching
- Mentoring
- Compliance
- Team supervision
- Leadership skills
Languages
English
Hindi
Marathi
Custom Section
Hobbies
- Reading
- Cooking
- Music
Awards
- 2016, Awarded with Value award
- 2018, Given presentation (HPC)
- 2018, Awarded with Titan of the month
- 2019, Awarded as Process Coach
- 2019, Given presentation (HPC)
- 2025, Awarded with Bravo for Excellent client service
- Received client appreciation for NAV reporting on Timely Manner
Certification
- Equity Derivative Module , NCFM
Timeline
Team Lead (Fund Group)
State Street Cororation Pvt. Ltd.
05.2022 - Current
Senior Hedge Fund Accountant
Bank of New York Mellon
04.2021 - 05.2022
Senior Associate & Portfolio accountant (Fund Group)
State Street Syntel Services Pvt. Ltd.
04.2013 - 03.2021
Diploma in financial mgt. -
Wellingkar's institute of mgt.
B.Com. -
Mumbai University