Prakash Naik
Pune
Summary
Dynamic finance professional with a proven track record at State Street, excelling in financial analysis and reconciliation. Recognized for exceptional decision-making and teamwork, I have successfully implemented process improvements, enhancing efficiency and accuracy. Proficient in data analysis, I consistently deliver insightful reports that drive strategic initiatives.
Overview
4
4
years of professional experience
Work History
Assistant Manager
PFMS
Pune
12.2024 - Current
- Cash Reconciliation: Experienced in daily cash book verification, variance analysis, and resolving discrepancies.
- Bank Reconciliation: Skilled in preparing monthly report, matching ledger entries with bank statements, and identifying unmatched transactions.
- Data Analysis: Proficient in analysing financial and operational data to generate insights, reports, and process improvements.
- Data Entry: Accurate and fast data entry with strong attention to detail and error-free documentation.
- Loan Reconciliation: Ability to reconcile loan accounts, track interest calculations, EMI schedules, and ensure accurate outstanding balances.
SENIOR ASSOCIATE
STATE STREET
Pune
07.2022 - 12.2024
- Financial Planning & Analysis: Prepare and maintain monthly, quarterly, and annual financial reports.
- Research & Data Analysis of Equity.
- Daily, Weekly & Monthly loan portfolio reconciliation with notional, interest accruals and funded & unfunded balances between Custodian, Agents and Admin.
- Research on breaks, pending cash, position and trade discrepancy.
- Daily follow up with external sources including clients, custodians and agents for faster resolution on breaks.
- Preparation of wire movement for settlements and other cash activities.
- Work on Rollovers, Resets, Re-pricing of loans on monthly / quarterly basis.
- Reconciliation of various Funds with Custodian sent cash files.
- Checking for Notices/Funding Memo's and reporting missing Notice to Agent Bank.
- Identifying, reporting and resolving Cash Breaks and Past Dues.
- Booking and Settling bonds/trades in WSO.
- Processing Restructure and Borrowings.
- Training new joiners and creating backups for funds.
- Creating, maintaining and updating SOP's on timely basis.
- On the daily basis, have to attend the call with Custodian, Agent & Client to discuss the discrepancies if any.
- Fix/Match the position between client and custody and if there is any difference need to correct the position.
SENIOR ANALYST
AXA BUSINESS SERVICES PVT LTD
10.2019
- Reconciliation Loan Position, Cash & Position.
- Research & Data Analysis of Equity, Mutual Funds, Bonds.
- Running daily trade reports and daily communication with Custody and Clients.
- Trade settlement checking account balances and monitoring account activities.
- Sending fax to banks, Private Clients & respective team.
- Sell Hold Analysis- Equity, Mutual Funds & Bonds.
- Providing account opening services to US Based client.
- Proactive follow-ups with internal teams & external teams to resolve the queries & providing the resolution to the client.
- Preparing and reviewing Daily, Weekly, Monthly and Quarterly clients customized reports.
- Market Opening And Market Follow-Ups with Custodian, Institution and Banks.
- Daily Monthly Transaction Ledger Report.
- Research & Data Analysis of Equity, Mutual Funds, Bonds.
- Working on different types of accounts EPACE & PMS Accounted Setup, Account Termination [Fixed Income & Non Fixed account (Mutual Fund & Equity)].
- Implemented several improvement projects in order to simplify the procedures so that the team can work smoothly and efficiently with lesser queries being raised.
- The Pinnacle award received in 2023.
- The extra-mile achievement award received 2024.
Education
MBA - Finance
Indira School Of Business Studies
Pune06.2019
BBA - Finance
MIT Arts, Commerce & Science College
Pune03.2017
Skills
- Sportsmanship abilities
- Decision-making skills
- Time management
- Teamwork and cooperation
Websites
Awards
- Pinnacle Award, 2023
- Extra-Mile Achievement Award, 2024
Personal Information
- Date of Birth: 06/30/95
- Gender: Male
- Marital Status: Married
Timeline
Assistant Manager
PFMS
12.2024 - Current
SENIOR ASSOCIATE
STATE STREET
07.2022 - 12.2024
SENIOR ANALYST
AXA BUSINESS SERVICES PVT LTD
10.2019
MBA - Finance
Indira School Of Business Studies
BBA - Finance
MIT Arts, Commerce & Science College