Nishant Singh
Bengaluru
Overview
16
16
years of professional experience
Work History
Assistant Vice President
StateStreet Corporation
12.2022 - Current
- Conducted and provided in - depth variance analysis to various responsibility centers across business units to assist in making strategic decisions and maximize efficiencies
- Spearheaded Revenue accrual workstation project to restructure the revenue analysis and efficient variance analysis, resulting in an 9 FTE efficiency gain
- Variance analysis walk to CFO & Finance Leadership
- Substantiation of wins/losses/agreement novation's
- Timely reinstatement of revenue across segments
- Timely closure of monthly, Quarterly and half yearly snapshots
- Closure of SOX control Regulatory reporting and Audit
- Working closely with State Street LFO (Liasioning Finance Officer) and CRM's (Client Relationship Managers) to prepare budget and monthly forecast to achieve growth goals stated by CFO & Leadership
- Facilitating financial monthly review meetings with business leaders to ensure effective finance and business metrics reporting
- Overseeing of month-end and ad-hoc reports on financial performance against budget
- Developed, maintained and presented ongoing and ad hoc analyses to assist the senior management
- Prepared Interco and Segment Reporting for an accurate view of the performance of multiple entities
- Prepared Variance Analysis for Balance Sheet and Income Statement Accounts on a quarterly basis
Senior Manager
StateStreet Corporation
05.2020 - 11.2022
- Global services revenue recognition and Oversight for North America
- Revenue accruals under GAAP/IFRS revenue recognition principles, revenue adjustments incorporation
- Monitoring and Processing of Client Concessions/Revenue Reversals
- Successfully led and completed activities to support financial oversight and revenue analysis by developing unit revenue models to streamline processes and improve efficiency
- Led SOX audit control testing, prepare regulatory and Internal reporting
- Supporting year end process including preparation for the annual and interim audits
Operations manager
Societe Generale Global Solution Center
04.2018 - 05.2020
- Performing and Managing P&l Recs and reporting between Front office trading system and accounting ledgers
- Provide support evidence using risk based, market based or attribution based analysis
- Manage balance sheet reconciliation and monthly attestation between back office and accounting ledgers
- Part of Robotics process automation for Americas product control
Subject Matter expert
Societe Generale Global Solution Center
06.2014 - 04.2018
- Managed transition from New York and implementation of FIC and Credit group of portfolios
- Monitoring and analyzing daily movements of position in the respective books(FIC, Equity linked swaps, Futures, Rates etc.)
- Spearheaded IFRS 9 implementation within the group
- Led functional 3-member team to develop and implement position and P/L reconciliation on FIC products
- P/L certification: P/L explanation with income attribution
Team Developer
Bank of America
04.2013 - 02.2014
- Daily P&L computation for rates desk, analysis&reporting
- Flash Vs Actual P&L variance analysis: unexplained P&L assessment
- Sub ledger tie out (P&L, B/S) Ledger tie out (m/e entries, management vs
- Financial P&L true up and controls
- Funding calculation and carry validation, EOD market data input/validation/controls apparently giving P/L commentary
- Risk validation queries trade activity reviews and controls(New trades, edits, termination)
- Processing of P/L balance sheet adjustments and (Oversight, controls)
Finance Executive
HSBC Global Finance Center
09.2011 - 03.2013
- Preparation of the daily P&L and Balance Sheet reports for FX options business finance control desk, including general ledger reconciliation, analytical review and providing comments
- Analysis on structured product (Dual currency deposit) P/L
- Performed daily P/L production on precious metal desk
- Implemented day-to-day controls, Explained P&L gains and losses to traders based on risk and position
Analyst
Northern Trust
08.2009 - 09.2011
- Alternative fund reconciliations and audit managing internal audit function for numerous investments on Private equity and unitized funds
- NAV calculation
- Supporting the valuation team and Account managers, by performing financial valuation delivered through our coordinated coverage and global-local infrastructure
Education
CFA - Level 3 Candidate
CFA Institute
08-2026
MBA - Finance
International School of Management Excellence
02.2010
undefined
University of Alabama, Carnegie Mellon University
07.2009
Bachelor's of Commerce - undefined
RTM Nagpur university
05.2008
Skills
- Budgeting and Forecasting
- Product Control Expertise
- Financial Close Management
- Analytical Reconciliation Techniques
- Revenue Recognition Expertise
- Financial Analysis Modelling
- Hiring and coaching
- Budgetary Analysis Expertise
- Team Leadership
Accomplishments
- Achievements, 01/01/21, 12/31/24
- Successfully led and managed the Revenue accrual workstation project (Tableau environment) for North America Asset manager business (25% of StateStreet total revenue).
- Provided ongoing assistance by project reporting, including business unit and segment reporting to the management to optimize organization-wide profits and achieve cost optimizations.
- Led one of the high priority project of 2021-22 'Market Adjustment Simplification'.
- Redesigning of Market Model.
- More focused on Accuracy and Simplification.
- Alignment of FP&A model with Revenue accounting model.
- Enhanced reporting with better view of market movements.
- Currently leading one of the high priority project of 2023 'Variance Reduction' from 2% to 1% Controllable.
Languages
English
Personal Information
Title: Finance Controller
Timeline
Assistant Vice President
StateStreet Corporation
12.2022 - Current
Senior Manager
StateStreet Corporation
05.2020 - 11.2022
Operations manager
Societe Generale Global Solution Center
04.2018 - 05.2020
Subject Matter expert
Societe Generale Global Solution Center
06.2014 - 04.2018
Team Developer
Bank of America
04.2013 - 02.2014
Finance Executive
HSBC Global Finance Center
09.2011 - 03.2013
Analyst
Northern Trust
08.2009 - 09.2011
MBA - Finance
International School of Management Excellence
undefined
University of Alabama, Carnegie Mellon University
Bachelor's of Commerce - undefined
RTM Nagpur university
CFA - Level 3 Candidate
CFA Institute
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