Prakash Rai
Assistant Vice President Level 2
Kolkata
Summary
Seeking a challenging position in an esteemed organization to enable me to work, achieve and Excel while contributing to the organization's growth as a whole.
Overview
14
14
years of professional experience
Work History
Assistant Vice President 1
Apex Fund Services
2 2022 - Current
- Review of monthly & daily NAV of Hedge Fund Clients.
- Review of Cash/Positions/Market Value Reconciliations and pricing of the portfolio & analyzing the pricing exceptions if any.
- Reviewing of corporate actions booked in the system & ensuring it is correctly reflected in the books.
- Ensure NAV calculations are produced in timely manner as per SLA. Completeness of NAV packs include accurate report generation, timely delivery of reports.
- Handling audit / investors queries in timely manner.
- Prepare MIS reports for onshore and offshore management teams.
- Drive process improvement and efficiency projects.
- Leading and coordinating weekly/monthly management calls.
- Understand client reporting requirements and provide effective solutions.
- Drive technology enhancements and implementation for the group.
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
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
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)
- 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 sites handled.
Education
B.Com - Commerce
Gauhati University
Guwahati 07.2006 - 05.2009
Skills
Fund Accounting
Experience in Migrating & launching new funds
Reconciliation (Cash/Position)
Fund Accounting
Timeline
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 - Commerce
Gauhati University
07.2006 - 05.2009
Assistant Vice President 1
Apex Fund Services
2 2022 - Current