RAMESH PATIL

Pune

Summary

Fund Accounting professional with 13 years of experience in Fund accounting and institutional accounting, specializing in NAV calculation, pricing, reconciliation, and derivative instruments. Proven Team leader with strong operations experience, skilled in managing deliverables, resolving breaks, and driving process efficiency. Hands-on exposure to process migrations and new business onboarding

Overview

years of professional experience

Work History

Team Lead / Consultant- Fund accounting

Northern Trust Operating Services

09.2020 - Current

End-to-end ownership of NAV calculation for Mutual funds and FOF funds. monthly and weekly valuations funds. ensuring accuracy, timeliness.
Review and sign-off of daily NAV packs, including P&L, portfolio valuation, cash reconciliation, and investor capital activity.
Oversight of pricing and valuation of securities (equities, fixed income, derivatives instruments) in line with valuation policies and fair value hierarchy.
Analyze and validate P&L movements, identifying drivers such as market movement, FX impact, accruals, and corporate actions.
Supervised daily cash and position reconciliations, ensuring timely resolution of breaks with custodians, brokers, and counterparties to maintain operational integrity.
Review of income and expense accruals, including management fees, performance fees, interest, dividends, and operating expenses.
Reviewing complex corporate actions (mergers, splits, rights, dividends) and ensuring accurate accounting impact.
Monitor capital activity (subscriptions, redemptions, transfers) and ensure correct unit allocation without impacting NAV integrity.
Liaised with internal and external stakeholders (investment managers, auditors, custodians, pricing vendors) to resolve queries and exceptions, improving communication and issue resolution.
Ensured adherence to SLAs and internal controls, while maintaining regulatory requirements.
Lead exception management and issue resolution, including escalation of critical NAV breaks or valuation concerns.
Drove process improvements and automation initiatives, enhancing efficiency and strengthening controls.
Mentor and manage team members, including review of junior analysts’ work, training, and performance management.
Participate in new fund launches, transitions, and system migrations, ensuring smooth onboarding and setup of accounting processes.
Conduct one-on-one sessions with all team members.

Team Lead, Fund Accounting (Daily NAV)

State Street Corporate Services

10.2018 - 09.2020

Reviewed and approved fund processes, checks, and book closures to maintain compliance and accuracy.
Conducted end-to-end valuation of mutual funds and funds of funds to ensure accurate reporting.
Posted and monitored daily fund expenses to ensure timely financial reporting.
Processed account transactions and settled trades to ensure timely execution.
Review accounts impacted by corporate action events and their NAV impact.
Review interest and dividend earnings and account for them.
Apply pricing to fund investments and monitor thresholds.
Review and complete broker and counterparty reconciliations.
Conduct final reviews and approvals from the manager.
Release data to counterparties for book closure.

Sr. Representative | Sr. Analyst, Client Accounting and Reporting Services (GIA) Pension Fund Accounting

Bank of New York Mellon

10.2012 - 01.2018

Supervised Operations Executive's work to ensure timely and accurate NAV reporting.
Conduct cash and stock reconciliation, investor manager reconciliation.
Validate and distribute capital gains, management fees postings, and process fund subscriptions and redemptions.
Investigate NAV tolerance and address external errors and client issues.
Challenge pricing thresholds and handle dividend reinvestment and inflation posting.
Conducted monthly error reviews and trained new joiners on best practices.
Address audit requirements and maintain process change documents.
Reviewed and finalized reports for counterparties, closing books monthly.

Education

MBA - Finance

JSPM College of Management and Research

Pune

01-2011

B.COM -

CCSM College of Commerce

Sholapur

01-2009

Skills

Fund Accounting
NAV calculation
End-to-end valuation
Pricing and Reconciliation
Risk Management

Valuation process
Capital Markets
Team Management

Accomplishments

• Key Player in Migrating the Process and successfully establishing the new business 2023

• Started Pilot process and established with Limited head counts in Covid Period in Virtual Scenario 2020

• Created SOP for all the Process and tasks in the Process and insured the Knowledge transparency across the levels to smoothen the Process and increased outcome

• Successfully Contributed to INAV project at State Street Hyderabad in 2019

Timeline