Nitin Shinde
Pune, Maharashtra
Summary
Dynamic professional with over 11 years of experience in the outsourcing sector at Bank of New York Mellon and State Street Syntel Services, specializing in fund accounting and portfolio valuation & measurement. Proven expertise in NAV calculations, cash and position reconciliation alongside strong problem-solving abilities and adept people management skills.
Overview
11
11
years of professional experience
Work History
Lead Analyst
Bank of New York Mellon
02.2018 - Current
- Responsible for NAV construction, cash and position reconciliation for mutual funds consisting of fixed income, equity, and money market funds based out of the U.S.
- Liaise with various functional teams, such as Corporate Action, Trade, Pricing, Recon, Data Master, and Transfer Agent, to execute a smooth delivery of the NAV.
- Perform Margin, Mark to Market, Capital Stock, Cash Availability, Trade, Income Accrual, and Fund Pricing checks, and ensure all are processed accurately.
- Review the cash and position reconciliation performed by the recon team and resolve discrepancies, if any.
- Manages the daily accounting and net asset value (NAV) production workflow to service multiple funds.
- Managing a team of eight and ensuring the team performs all activities efficiently, effectively, accurately, and in a timely fashion.
- Reviewing and establishing the controls in the process wherever there is a gap, to ensure efficient and error-free client deliverables.
- Train new staff on procedures and job-related activities.
- Hands-on experience with the transaction life cycle, Eagle, Workbench, DTCC, Euroclear, and Bloomberg.
Senior Associate
State Street Syntel Services Private Limited
Pune
12.2013 - 01.2018
- Primarily responsible for all portions of day-to-day accounting for one or more assigned fund groups, which are related to Net Asset Value (NAV) calculation and publishing on NASDAQ.
- Reviews and verifies all fund accounting activities for the funds to ensure accurate NAV reporting, which includes summary recon (Capstock, trades, corporate actions, income, expense, and mark to market), pre-NAV (portfolio, future contract, and market value) check, test pricing package, and final pricing NAV.
- As well as being responsible for reporting and escalating any issues or discrepancies to the client in a timely manner with proper research and proof.
- Responsible for various activities, such as the verification of security, including bonds, forwards, futures, MTM, and the accrual of income and expenses on a daily basis.
- Responsible for the analysis and performance measurement of the portfolio, which helps investment managers make further investment decisions.
- Providing the security level report, which contains the risk and return attributes, helps the IM understand the reasons for the significant movements.
- Measurement performance of different types of indices and funds, and providing the attribution reports on a daily, weekly, and monthly basis.
- Hands-on experience with NAV ALERT, Bloomberg Terminal, and Multi-Currency Horizon.
- Responsible for handling the team in the absence of the team leader.
- Determining the training needs of teammates and accordingly organizing training on the product.
Education
MBA -
Pune University
01.2014
BBA -
Pune University
01.2011
Skills
- Fund accounting
- Capital Market
- Portfolio and securities valuation
- NAV calculations
- Cash reconciliation
- Position reconciliation
- Portfolio performance measurement
- Portfolio analysis
- Problem solving
- People management
- Audit and Risk
- Quick learner
Accomplishments
- Recognized by Group Manager with 'Spotlight Award' in the category of Courage to Lead for the tremendous contribution in NSR migration project.
- Recognized twice with 'Spotlight Award' in the category of "Passion for Excellence" for the valuable contribution in break reduction and handling review for 10 US region clients.
- Awarded for the ‘Syntel Speed Award’ in the field of development of processing and best performance in work in Syntel.
- Awarded for the ‘Syntel Titan’ twice in the field of processing and best performance with timeliness and accuracy in work in Syntel.
- Performers Converge for Q4 2016 & Q3 2017.
Languages
Marathi
First Language
Hindi
Proficient (C2)
C2
English
Advanced (C1)
C1
Personal Information
- Date of Birth: 11/23/90
- Passport Details : R7030060
- Residential Address : E1-704, Rohan Abhilasha, Wagholi, Pune, Maharashtra, India 412207
Timeline
Lead Analyst
Bank of New York Mellon
02.2018 - Current
Senior Associate
State Street Syntel Services Private Limited
12.2013 - 01.2018
MBA -
Pune University
BBA -
Pune University
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