Nitesh Sondkar
Mumbai
Summary
Accomplished Fund Accounting and Relationship Management professional with over 16 years of experience in the financial services industry. Currently serving as Assistant Vice President at Deutsche Bank, specializing in Client Relationship Management for Alternate Investment Funds (AIF). Proven track record in valuation, financial reporting (GAAP/IFRS), and custodian services. A strategic thinker recognized for challenging the status quo and delivering seamless regulatory transitions for global Tier-1 clients.
Overview
17
17
years of professional experience
Work History
Assistant Vice President – Client Relationship Man
DEUTSCHE BANK A.G.
Mumbai
05.2022 - Current
- Serve as the primary relationship lead for Alternate Investment Funds (AIF), overseeing Custody and Fund Accounting service delivery.
- Act as a strategic liaison between clients and internal operations to ensure high-quality service standards and resolution of complex queries.
- Manage end-to-end client lifecycles, ensuring adherence to SLA requirements and driving client satisfaction.
- Advise clients on regulatory landscapes and operational workflows pertaining to AIF for Fund Accounting and Custody services.
- Collaborate with product and technology teams to enhance service offerings based on client feedback and market trends.
- Cross Sales of existing products offering and maintaining NII in Custody accounts
- Created and maintained a positive working environment through effective leadership practices.
- Ensured compliance with established policies, procedures and regulations.
Senior Fund Accounting Supervisor
CITIBankN.A.
Mumbai
11.2018 - 04.2022
- Managing and reviewing the process for 2 Mutual Fund Clients.
- Managing a Team strength of 6 Members valuation and reporting combined.
- Static Checking, Variance Check and Threshold variance checking for Valuation Price.
- Assisting Client for Valuation Policy Drafting and comparative analysis of valuation policy with various market players.
- Crisil and ICRA yield variance reporting and discussing valuation for Bonds.
- Statutory Reporting checking for SEBI and AMFI Reporting for Monthly and Quarterly Period.
- Half Yearly Portfolio and Half Yearly Financial Making and Review.
- Suggested the Valuation policy change as per market standard compare with the peers and was able to achieve 100% success rate.
Manager
SBI-SG Global Securities Services Ltd
Mumbai
08.2016 - 11.2018
- Managing and reviewing the process for 7 Mutual Funds and 4 AIF & PMS.
- Managing a Team strength of 10 Members valuation and reporting combined.
- Static Checking, Variance Check and Threshold variance checking for Valuation Price.
- Assisting Client for Valuation Policy Drafting and comparative analysis of valuation policy with various market players.
- Day to day price variance check with market value comparison to market price change.
- Crisil and ICRA yield variance reporting and discussing valuation for Bonds.
- Statutory Reporting checking for SEBI and AMFI Reporting for Monthly and Quarterly Period.
- Half Yearly Portfolio and Half Yearly Financial Making and Review.
- Reduce complex valuation process and standardize the reporting format for all the clients.
- Worked on various team building activities and Training on Various product and Instruments.
Analyst
Deutsche Investor Services Private Ltd.
Mumbai
02.2013 - 07.2016
- Valuation carried out on day to day basis for Asset Under Management combined 3.50 Lac Crores, and Insurance Clients.
- Valuation of Equity, Debt, Future and Other Instrument type allowed for Investment under Mutual Fund, Insurance and PMS regulation.
- Aliasing with the counterparty and issuer for the static creation.
- Carried various team management and Learning activities.
- Standard operating procedure and Checklist for Valuation of Debt security for Mutual Funds like Mutual Funds and Insurance Clients.
Assistant Manager
SBI-SG Global Securities Services Ltd.
Mumbai
09.2011 - 02.2013
- Collaborated with stakeholders to address discrepancies and improve reporting accuracy.
- Trained staff on Valuation software tools (CBV) and industry best practices for fund accounting.
- Coordinated audits by preparing necessary documentation and liaising with auditors effectively.
- Coordinated with external auditors during year end audit process.
- Oversaw the reconciliation process for a variety of mutual funds.
- Provided training sessions for staff members on topics such as valuation process, Regulatory aspect of Valuation of different type of assets.
Senior Team Leader
JPMorgan Services (I) Pvt Ltd.
Mumbai
08.2009 - 09.2011
- Managed daily fund accounting processes and reconciliations for various investment portfolios.
- Prepared accurate financial reports in compliance with industry regulations and standards.
- Provided training and support to junior analysts on accounting best practices and tools.
Core Competencies
- Relationship Management: Custody & Fund Accounting Solutions | Client Onboarding | Stakeholder Management
- Technical Expertise: Fund Valuation | Financial Reporting (GAAP & IFRS) | Regulatory Compliance (SEBI/RBI/IRDA)
- Operational Excellence: Business Support | Process Standardization | Automation & Efficiency Improvement
- Leadership: Team Building | Mentoring | Cross-functional Collaboration.
Education
- PGDBFM | Welingkar Institute of Management Studies | 72% | 2018
- M-COM | University of Mumbai (IDOL) | 49% | 2011
- D.F.M | Welingkar Institute (We School) | 75% | 2011
- B.M.S | Chetana’s Self Finance Management Course | 63% | 2009
Accomplishments
- Above & Beyond Award: Delivered a critical regulatory report flawlessly in a record 3 business days.
- Process Innovation: Reduced complex valuation processes and standardized policies across multiple industry players.
- Regulatory Leadership: Spearheaded seamless implementation of changing SEBI and IRDA guidelines for diverse portfolios.
- Consistently maintained high customer satisfaction ratings.
Personal Traits
- Strong interpersonal skills and ability to multitask.
- Creative, self-starter and highly determined.
- Ability to communicate with external/internal clients.
- Ability to work independently.
- Adaptive to a dynamic environment.
Technical Skills
- Fund Accounting Apps: Multifonds, MFact, Simcorp Dimension, Intellect Mutual.
- Software: Advanced MS Office (Excel, Word, PowerPoint), CBV, and Aggregator.
- Instruments: Equity, Debt, Derivatives, IRS, Futures, Rights, Splits, OCDs and CCDs.
Personal Details
- Date of Birth: 21 December 1988
- Languages: English, Hindi, Marathi
- Interests: Trekking, Traveling, and Volunteering as a Management Subject Coach for students.
Timeline
Assistant Vice President – Client Relationship Man
DEUTSCHE BANK A.G.
05.2022 - Current
Senior Fund Accounting Supervisor
CITIBankN.A.
11.2018 - 04.2022
Manager
SBI-SG Global Securities Services Ltd
08.2016 - 11.2018
Analyst
Deutsche Investor Services Private Ltd.
02.2013 - 07.2016
Assistant Manager
SBI-SG Global Securities Services Ltd.
09.2011 - 02.2013
Senior Team Leader
JPMorgan Services (I) Pvt Ltd.
08.2009 - 09.2011