Palanikumar Natarajan
Chennai
Summary
Dynamic finance professional with extensive experience in Capital market industry, excelling in net asset valuation and cash and position reconciliation. Proven ability to enhance processes and resolve discrepancies, demonstrating strong problem-solving skills and meticulous attention to detail. Familiar with mutual funds, portfolio accounting, NAV calculation, reconciliations, equities, fixed income, corporate actions, Bloomberg, Excel functions, and VBA.
Overview
17
17
years of professional experience
1
1
Certification
Work History
Senior Associate
Apex Fund Services LLP
Bangalore
05.2022 - 07.2024
- Responsible to prepare/ validate the NAVs of the hedge funds on a daily/Monthly basis.
- Reviewing pricing of the portfolio and analyzing the pricing exceptions if any.
- Reviewing the corporate actions booked in the system and ensuring that the same is correctly reflected in the books. Dividends/Interest Reconciliation with Broker reports.
- Responsible for accruing/amortizing daily or monthly non-security related Fee accruals including management fees and financing accruals.
- Finalizing the month end NAV of the client and providing Investor Level Allocation reports at month end.
Process Lead
BNY Mellon
Chennai
05.2020 - 04.2022
- Booking cap-stock entries for JPY and USD funds and check the NAV price for the day.
- Book the STIF trades for the day using client blotter file.
- Run the derivative check and find the expired securities and confirm the same with client.
- Reconcile the cash balances and booking any adjustments with in tolerance level, major breaks are query with client and book as per their instructions.
- Run and validate Manual check, Income and Expenses check and Tips check by EOD.
- Processing Cash and Asset reconciliation and clear the breaks on timely manner.
Specialist
STATE STREET HCL SERVICES
Coimbatore
05.2015 - 10.2019
- Loading the prices for all securities through BB, Reuters, IDC. Check with IM for missing prices and update it in accounting side based upon IM’s file and confirmation.
- Reconciliation of Cash and Stocks balances with custody in accordance with client standards.
- All trades for the month are reconciled with the IM file.Mostly the trade difference due to trade cancelation, fail trades and settlement date issues.
- Perform General and Sub-ledger reconciliation after mark to market check.
- Running multiple reports like Cash transaction, Income, Account position appraisal, Portfolio purchase & sale, Security gain/loss reports to match with TB and finalize the NAV for the fund.
- Participate in migration project which involved insurance sector clients formally called PAM Accounting.
Senior Process Associate
TATA CONSULTANCY SERVICES
Chennai
01.2012 - 07.2014
- Maintain the books and records of Mutual Funds. Calculate and monitor the daily Net Asset Value of the fund and provide the fund data to the client.
- Reconcile with custody cash statements and research to find the outages and resolve them.
- Must book all the overnight trades for the funds which have been given to the bank for one day interest.
- Consider daily purchase & redemption for reconcile the total shares, with custody, trust accounting and our books.
- Check any corporate actions for the day and process Preliminary NAV to investigate the price of yesterday and current day with tolerance level.
- Perform Cash Projections to find the available cash in all currency for upcoming three days to assist IM in making investments and avoid overdraft charges.
- Prepare monthly reports for client reporting which includes statements of Net Assets, Ledger/Sub-ledger recons.
Sales Executive
HDFC BANK LTD
Chennai
12.2007 - 01.2012
- Worked as a customer relationship executive for corporate salary accounts.
- Handle inductions at the corporate and ensure timely opening and activation of salary accounts.
- Verification of documents for KYC/AML Compliance, before Account opening.
- To cross sell all the financial products of the bank to the portfolio customers. Cross sell includes, Fixed Deposit, Recurring Deposit, Saving Bank Account, Personal Loan, Home loan, Auto Loan, Two-wheeler loan, Demat and Online Trading account, Gift plus cards, Credit cards, Mutual funds, Insurance, etc.
- Addressing to customer queries and providing end to end resolution.
Education
MBA - HR & Systems
Thangavelu Engineering College
Chennai01-2007
BBA - Business Administration
Devanga Arts College
Aruppukottai01-2004
Skills
- Net asset valuation
- Cash reconciliation
- Trade reconciliation
- Corporate action processing
- Portfolio analysis
- Fee accruals
- Problem solving
- Attention to detail
- Data analysis
- Process improvement
- Account reconciliation
- Documentation and recordkeeping
Affiliations
- Cricket
- Carrom
- Browsing
- Cinema
Languages
Tamil
First Language
English
Advanced (C1)
C1
Accomplishments
- I received many spot awards and reached my set targets from time to time throughout my career
Certification
- NISM Series - 5-A Mutual Fund Distributors Certification Examination
Timeline
Senior Associate
Apex Fund Services LLP
05.2022 - 07.2024
Process Lead
BNY Mellon
05.2020 - 04.2022
Specialist
STATE STREET HCL SERVICES
05.2015 - 10.2019
Senior Process Associate
TATA CONSULTANCY SERVICES
01.2012 - 07.2014
Sales Executive
HDFC BANK LTD
12.2007 - 01.2012
MBA - HR & Systems
Thangavelu Engineering College
BBA - Business Administration
Devanga Arts College
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