Reshma Parab
PMS Operations
Thane
Summary
Versatile Senior Manager specializing in PMS Operations and skilled at planning, implementing and overseeing key improvements to drive business growth and efficiency. History of cultivating an open culture with free exchange of information. Pursuing new professional challenges with a growth-oriented company. Resourceful Manager offering history of success coordinating and monitoring operations across various departments. Effective leader and problem-solver dedicated to streamlining operations to decrease costs and promote organizational efficiency. Highly committed with hardworking mentality to maintain quality of services and products.
Overview
19
19
years of professional experience
1
1
Certification
Work History
Senior Manager
Kotak Mahindra Bank
02.2022 - Current
- Checking empanelment form and preparing distribution agreement
- Vendor creation in system for finance record
- All basic KYC document check along with MSME declaration
- Distributor portfolio creation in system for brokerage calculation
- Distributor mapping in system for new client activation
- Preparing Monthly / Quarterly commission calculations
- Checking NISM XXI certificate requirement
- Checking all SEBI requirement for new vendor onboarding
- Preparing addendum if new sharing percentage request received
- Handling STP trade authorization
Deputy Manager of Operations
Invesco Asset Management (India) Private Limited
02.2019 - 02.2022
- Conducted regular audits to ensure compliance with regulatory requirements and internal policies.
- Improved operational efficiency by streamlining processes and implementing best practices.
- Led process improvement projects that resulted in increased efficiency and reduced waste within the operations department.
- Enhanced customer satisfaction by addressing issues promptly and implementing service improvements.
- Managed broker and dealer relationships, serving as a key point of contact for the PMS department.
- Conducted daily reconciliations for stock holdings and bank accounts, ensuring accuracy and compliance.
- Oversaw trade reporting, client redemptions, and settlement processes.
- Prepared and presented daily MIS reports on AUM and cash flows to senior management and sales teams.
- Led a team, providing mentorship and fostering high performance.
Assistant Manager
Miles Software Solutions India Pvt Ltd
03.2015 - 02.2019
- Responsible for Bank Reconciliation process including DP Reconciliation and custody report
- Updating daily market price for Mutual Fund (MF) an Equity
- Responsible to on board new client register and maintaining the register on daily basis
- Calculation of upfront fee and management fee on monthly basis
- Order placing as per fund manager requirement in MF an Equity
- Managing process of DEBT/Bond product
- Calculating NAV on daily basis
- Reconciling AUM on daily basis
- Calculating performance fee
- Preparing EOD process
- Responsible on timely response on queries received from client and support / help them to perform smoothly transaction
- Ensuring & following compliance requirements, including SEBI reporting, Returns computation as per guidelines
- Working on MIS as per management requirement and providing the same
- Working on process improvement.
Assistant Manager
Renaissance Investment Managers
09.2017 - 11.2017
- Provided training on PMS operations
- Provided training on Miles System for operations.
Assistant Manager
Edelweiss Multi Strategy Funds Pvt Ltd
07.2016 - 06.2017
- Handling account opening process
- Co-ordinating with Custody team for demat account process
- Processing trade (Equity & Mutual Fund)
- Preparing Welcome letter for client
- Calculating Management fee, Distributors charges & Upfront Fee
- Preparing for AUM reconciliation
- Providing daily statement to RM as per requirement
- Preparing SEBI report
- Co- ordinating with FA team for accounts related to query
- Resolving audit related query & client query
- Preparing calculation related to Exit client
- Sending market commentary to client
- Sending welcome letter along with all documents to the client
- Looking into franking and notary part for PMS application
- Handling petty cash
- Preparing monthly report.
Senior Fund Administrator
CAPITA INDIA Private Limited
08.2008 - 03.2015
- Daily Reconciliation
- Reconciling cash and stock break with BONY statement
- Detail investigation on stock break
- Allocation of breaks to appropriate teams for further investigation and posting
- Liaising queries with Trustee and other departments for outstanding breaks
- Checking all dividends in detail, trade details
- NAV Expenses
- Expenses and income accruals in settlements as per FCA
- Preparations of annual expenses, budgets and income forecast and periodic accrual analysis
- Portfolio securities analysis as per prospectus and compliance monitoring
- Verifying NAV for income expenses – accruals/settlements
- Liaising with Trustees/Auditors/Invest Managers for new mutual funds and securities to ensure correct booking of income
- Processing of all accruals and posting of entries relating to the fees and expenses/income
- NAV Production
- Checking if income and expenses are inline and reasons for variance
- Checking new transactions for Sale, Purchase and FOREX
- Checking if price are inline with set of tolerance level and checking other supporting, reasons for fluctuation
- Auditing of financial transaction and preparation of NAV Sheet
- Presentation for Trustee Report
- Prepare an overall report of fund over a month
- The report includes performance, investments, reclaims, NAVs, holdings, incomes/expenses, bank activities etc.
Process Associate
Capita India Private Limited
05.2007 - 08.2008
- Preparing reconciliation for pre-purchase of shares according to company’s security for the employee
- Responsible to calculate allotted shares and tax considering company leaving reason
- Daily checking and updating of Bank details.
Customer Service Executive
Medusind Solutions India Private Limited
11.2005 - 05.2007
- Generating medical bills for the patient and the service occurred from company
- Analyzing patient history for the insurance allocation
- Verification of payment received from the insurance companies
- Posting the correct amount received from the insurance for the particular claims
- Follow-up with customer for payments.
Education
MBA - Post Graduate Diploma in Business Administrator
L.N. Welingkar Institute of Management Development
Mumbai 04.2001 -
B.COM
Mumbai University
Mumbai 04.2001 -
Skills
Reconciliation of Bank statements to match and daily and closing balance is as per ledger
Reviewing Statement of accounts to control on accrued expenses is accurately accounted
Processing of PMS transactions request (Redemptions, Non-Financial Transactions, etc)
Operations activities such as redemptions, Corporate Actions, trade allocation/reporting and settlement, client reporting, day end processing, daily MIS reporting, etc
Reworking the process to decrease the number of delinquent accounts and queries
Leading, mentoring the performance of team members to ensure a good individual and team performance
Single point of contact in between Broker and dealer for operation
Advanced Diploma in Software Engineering from Aptech Computer Education
Certificationprograms
IAQ – Investment Administrative Qualification, Introduction to Securities & Investment
Educationalqualification
B. Com (Bachelor of Commerce), Mumbai University, 04/2004, Post Graduate Diploma in Business Administrator (PGDBA) in Finance, Prin. L.N. Welingkar Institute of Management Development & Research Centre, 2009
Certification
IAQ – Investment Administrative Qualification, Introduction to Securities & Investment is cleared Technical Qualification Advanced Diploma in Software Engineering from Aptech Computer Education
Timeline
Senior Manager
Kotak Mahindra Bank
02.2022 - Current
Deputy Manager of Operations
Invesco Asset Management (India) Private Limited
02.2019 - 02.2022
Assistant Manager
Renaissance Investment Managers
09.2017 - 11.2017
Assistant Manager
Edelweiss Multi Strategy Funds Pvt Ltd
07.2016 - 06.2017
Assistant Manager
Miles Software Solutions India Pvt Ltd
03.2015 - 02.2019
Senior Fund Administrator
CAPITA INDIA Private Limited
08.2008 - 03.2015
Process Associate
Capita India Private Limited
05.2007 - 08.2008
Customer Service Executive
Medusind Solutions India Private Limited
11.2005 - 05.2007
MBA - Post Graduate Diploma in Business Administrator
L.N. Welingkar Institute of Management Development
04.2001 -
B.COM
Mumbai University
04.2001 -
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