Prakash Rai
Assistant Manager
Pune
Summary
Dynamic professional with 11 years of experience in Investment banking operation, Hedge Fund, Mutual fund, Reconciliation.
Overview
11
11
years of professional experience
3
3
years of post-secondary education
Work History
Assistant Manager (Senior Associate 3)
Apex Fund Services
02.2022 - Current
- Experience working for a financial service organization, with exposure to reconciliation and accounting processes
- Perform Bank Reconciliation on weekly and Monthly basis
- Perform Daily, Weekly and Monthly Pricing Tasks
- Carry Out Price verification checks such as monthly variance review, Stale price review and price challenge justification
- Ensuring all pricing Tasks are executed in compliance with the portfolio valuation policy and reviewed in accordance with the internal control
- Ensure all trade have been booked correctly in the fund
- Perform fund valuation on monthly basis
- Checking of Corporate action event if any, in the fund and ensure that same have given impact in the fund
- Liaise with onshore partner to migrate new activities and funds for daily BAU
- Preparing wire for Invoice payment.
Team Leader
JP Morgan
07.2019 - 05.2021
- To prepare/Validate the Navs of the funds on a daily/Monthly basis and dividend distributions as per distribution timetable
- Verify subscription and redemption between TA team and Accounting, reportable income validation, if any variance informs to client via email
- Checking and booking of incomes, expenses, Pricing of securities, fair value, management fees, performance fee, corporate actions, etc
- Verifying price movements which are crossing set thresholds and justifying movements with BBG and other available vendor
- Preparing cash/position reconciliations and resolving breaks.
Senior Fund Accountant
State Street Corporation
08.2017 - 06.2019
- Currency wise reconcile cash flows & market value, trades, trades proceeds, transfer of cash, booking of accrued interest, payments, Dividend, checking of pricing of securities etc
- Performing daily, monthly NAVs, checking income, expenses, Pricing of securities, fair value, management fees, corporate action, are booked correctly or not
- Exception report is created for the difference between client and brokers, monitoring aging of breaks and make enquiries about stale statement
- Responsible for maintaining Shadow funds for all the important funds and booking of trades, dividend, subscription, redemptions, commissions etc.
Senior Financial Analyst
Wipro Limited
08.2016 - 08.2017
- Working as client on boarding and experienced in account set up for client
- Reviewing the client details in Entity master before on boarding of funds to maintain data quality
- Amendment of client details based on corporate action.
Senior Analyst
State Street HCL services (India) Private Limited
12.2013 - 08.2016
- Cash and investment holdings of the client are reconciled between Broker records and IFS records to compare that both sets of information are consistent
- If there is any difference between IFS and broker, we need to prepare a list of exceptions (break sheet)
- Communicate breaks to IFS ops and/or client
- Monitor aging of breaks make inquiries about stale items
- Reviewing all emails, trade, non-trade items, transfer, and keep back up for any cash movement in the daily pack.
Officer
Standard
11.2011 - 12.2013
- Responsible for reconciling General Ledger, FX, credit agreement Loan reconciliation for various countries using Transaction Life Cycle Management (TLM)
- Preparing Weekly, Monthly & Quarterly MIS / KCSA reports for the sites handled.
Education
B.Com - Commenrce
Gauhati University
Guwahati 07.2006 - 07.2009
Skills
Fund Accounting
undefinedTimeline
Assistant Manager (Senior Associate 3)
Apex Fund Services
02.2022 - Current
Team Leader
JP Morgan
07.2019 - 05.2021
Senior Fund Accountant
State Street Corporation
08.2017 - 06.2019
Senior Financial Analyst
Wipro Limited
08.2016 - 08.2017
Senior Analyst
State Street HCL services (India) Private Limited
12.2013 - 08.2016
Officer
Standard
11.2011 - 12.2013
B.Com - Commenrce
Gauhati University
07.2006 - 07.2009
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