RAHUL KHADAKKAR
Assistant Vice President
Pune
Summary
Dynamic MBA (Finance) professional with over 16 years of comprehensive experience in end-to-end reconciliation, hedge fund reconciliation, and trade settlement. Expertise in fund accounting, NAV calculation, and transfer agency operations ensures a meticulous approach to financial management. Proven track record of delivering accurate financial reporting and optimizing processes to enhance operational efficiency. Prepared to contribute immediately to drive success in fast-paced environments.
Overview
3
3
Languages
17
17
years of professional experience
Work History
Assistant Vice President
Alliance Bernstein
05.2023 - Current
- Managed reconciliation project with over 15 team members, successfully delivering on client expectations. Encouraged a proactive culture for escalating processing challenges to ensure resolution. Ensured prompt escalation of issues affecting accuracy or delivery timelines. Evaluated core operational functions to guarantee compliance with regulatory standards. Focused on client satisfaction by ensuring timely and professional query resolutions. Delivered exceptional client service levels through efficient teamwork dynamics. Developed and sustained procedural documentation for continuous improvement initiatives. Reviewed operational processes regularly, enhancing controls to mitigate risks.
- Managed client-driven projects while overseeing comprehensive testing protocols. Executed delivery of accurate client, investor, and regulatory reports within established timelines. Leveraged applications like CTC, PMS, Bloomberg, and ERP for effective project management. Ensured professional presentation of all reporting materials through diligent review.
Operating Manager
KFin Technologies
02.2022 - 05.2023
- Managed full oversight of daily activities, prioritizing governance and efficiency. Enhanced system functionality by collaborating with development teams on client requirements. Secured precise processing of transfer agency tasks adhering to standards and checklists. Encouraged early escalation to mitigate delays in deliverable execution. Evaluated daily operations for adherence to procedures, ensuring regulatory compliance. Focused on resolving client queries swiftly, maintaining exemplary service levels. Developed and sustained procedures for ongoing process improvement initiatives. Ensured accurate departmental KPI compilation aligned with corporate guidelines.
Deputy Manager
State Street HCL Limited
06.2019 - 01.2022
- Directed team of 25+ across four locations, ensuring timely achievement of client deliverables. Managed comprehensive daily operations for hedge fund cash and position reconciliation activities. Performed manual reconciliations for investment products, including derivatives, debt, and FX repatriation. Assessed cash flow financing risks associated with a wide range of investment opportunities. Analyzed issues, prepared reports, and signed off on portfolio risk evaluations. Supported transitions for new clients while overseeing migrations from State Street to SSHCL (IRCOE). Held regular catch-ups with onshore teams for updates on processes and challenges faced. Participated in performance discussions and contributed to candidate selection during hiring processes.
Team Leader
AXA Business Services
12.2017 - 06.2019
- Oversaw a team of 21+ professionals to fulfill client deliverables successfully. Directed all aspects of account management from opening systems to portfolio closure. Administered daily operations for managing cash and stock holdings in client accounts. Coordinated cash flow activities, ensuring seamless financial transactions. Guaranteed efficient settlement of trades in fixed income securities and mutual funds. Managed discrepancies related to equity derivatives and corporate actions diligently. Initiated currency repatriation by sending directives to custodians for FX transactions. Reviewed performance metrics periodically while conducting monthly check-ins with team members.
Subject Matter Expert
Tata Consultancy Services
09.2014 - 12.2017
- Executed comprehensive credit analysis and ratings for diverse portfolios as per client specifications. Inputted limit and rating updates into corporate risk platform adopted by Lloyds Banking Group. Sustained internal and external ratings based on assessed market value and customer goodwill. Validated that integrated ratings data capture system aligned with appropriate internal ratings for clients. Coordinated with credit officers to ensure accurate limit sanctioning reflected in risk management systems. Oversaw resolution of escalations from service desk operational queue within defined SLA parameters. Developed MIS reports and dashboards to support informed decision-making among stakeholders and committees. Evaluated training needs through quality assessments, addressing performance gaps via structured training sessions.
- Conducted analysis using Lloyds Bank application for limit marking reports and sanctions documentation. Assessed external ratings to adjust internal ratings derived from sanction documents. Reviewed IRDC system for determining necessary internal ratings for counterparties. Collaborated with credit officers to address any rating discrepancies or questions.
Senior Analyst
State Street HCL services limited
07.2012 - 08.2014
- Conducted market value analyses to identify discrepancies between client and custodian records. Reconciled shares and cash positions between AllianceBernstein and multiple custodians effectively. Facilitated efficient cash flow processing designed to accommodate client demands. Resolved dividend and interest entry discrepancies through persistent follow-ups. Supervised quality checks of auditors' outputs, providing targeted assistance when required. Compiled control reports to meticulously track aged items and account discrepancies. Coordinated team efforts using various reconciliation tools for optimal workflow. Consulted Bloomberg for essential financial dates influencing reconciliation outcomes.
Associate
State Street Syntel Services
11.2009 - 06.2012
- Ensured timely posting of domestic trade instructions to accounting and custody platforms, meeting deadlines for North American clients. Managed authorization of trades, ensuring follow-up until settlement achieved. Analyzed failing trades and executed necessary corrections in the market. Facilitated communication between fund groups and investment managers for trade queries. Obtained updates from Kansas City and Boston hubs reflecting changing business requirements. Collaborated with team members to adapt to investment manager needs.
Education
MBA/PGDM -
Pune University
01-2018
B.Com - undefined
Amravati University
01-2009
Skills
Team Management
People Management
Reconciliation
CTC Reconciliation
TLM Reconciliation
Marketvalue Reconciliation
Cost Reconciliation
Client Relationship Management
Hedge Funds
Fund Accounting
Private Equity
Financial Institutions
Derivative Operations
Timeline
Assistant Vice President
Alliance Bernstein
05.2023 - Current
Operating Manager
KFin Technologies
02.2022 - 05.2023
Deputy Manager
State Street HCL Limited
06.2019 - 01.2022
Team Leader
AXA Business Services
12.2017 - 06.2019
Subject Matter Expert
Tata Consultancy Services
09.2014 - 12.2017
Senior Analyst
State Street HCL services limited
07.2012 - 08.2014
Associate
State Street Syntel Services
11.2009 - 06.2012
B.Com - undefined
Amravati University
MBA/PGDM -
Pune University