Santosh Khude

Work History

Manager

Intertrust

07.2022 - 07.2023

NAV Calculation -Disseminating NAVs for USIS funds
Co-ordinate with the Oversight for daily and monthly issues resolution on calls,New fund process setup & Process improvement plans, Trace and update all fund procedure documents & Ensuring the all procedures been modified on regular basis for the all the clients.
Allocate & Monitoring Daily/ Weekly / Monthly /Bespoke activities to the respective team members
People managment ,Fund Administrations, Maintain Emplyoee Transport MIS , Provide training for new Joinier,Maintain Fund Audit MIS for all Teams,
Monitor Daily, Weekly, Monthly Client agenda , Team Appraisal discussion and Feedback
Perceived & respond all fund queries as per clients and auditors in timely manner
Prepare Daily ,monthly and quterly Financial reporting ,Prepare Monthly PnL statement and Balance sheet statements
Process Fund liqidity positions and Investment Distribution
Prepare and Reviweing AUM, Managment fees, Peformance/ Inventive fees and all expense accruals
Management fees and Performance Fee manual calculations to ensure Performance Fees are calculated and accrued correctly on the Fund for the valuation based on the type of performance fee agreement with the client.
Verify all share holder activity and Confirm outstanding shares breaks for funds, reconcile the impacting Cap stock trade activity with clients and reconcile the Transfer agent and Custodian bank accounting books., Post discrepancy as per client requirements
Monitor Waterfall methods accounting Waterfall Payment strucuture for GP and LP
Process Journal entries for waterfall payments and Carried Interest
Track IRR calculation metricks and maintain NPV cash flows finacial metrics
Process and Track Capital Calls and Income / Capital gain Distributions activity and Income allocation
Perform and Review Financial Reporting , Investor Reporting ,Complience & Regulatory , FInancial due deligenice , Capital account statments , Annual Financial statements , Cash flow statements, Chnage in Equity statements , Profit and Loss statments for respective clients
Ensuring all agreed fund reporting is completed & sent to the client on daily basis,
Following all necessary expense accrulas offline calculations ,Validate all accruals, payment and expense charges.
Class Divergences are been validated with the 100% by checking the different reason like cost of hedging, Class specific expenses, FX rate fluctuations and Hedging differences
Perform and Review Recon activities within team like Position recon, Cash recon, P & L statement recon, Repo recon, Units recon, expense recon , Market value reconcilation , OTC reconcilation , Benchmark Recon ,Hedge check Recon , Fund Valuation Recon
Track all corporate actions related to various securities held in fund like Stock Dividend, Bonus issue, Right issue, Spin-off, Merger, Stock Spilt / Reverse Stock Split and Cash Dividend etc.
Co-ordinate with Transfer agency, pricing team custody and investment manager to gain accuracy
Identify exceptions and problems affecting accounting records and prices, communicating same to Onshore team and assisting in their resolution
Dividends reconcilation It includes calculate all the EX-date dividend line for International Currency Monitor Incomes and dividends using Bloomberg also fixing and reporting accrual parameters on fixed income instruments.Check paydown factors
Checking the Trades and escalation of the same if they are above set up tolerance level or they are Impacting the funds and confirm the trades are valid with proper back up
Verification of Exceptions above tolerance BPS Impact against valid backups (Bloomberg, IDC,Reuters,trade blotters

Team Leader

Northern Trust Pvt. Ltd.

- Current

Striking NAV on daily basis - Maintain SLA , Track MIS for all Teams New Fund launch setup on system, Client Reporting , Process setup and development Working on various fund structures like Master Feeder, Stand Alone, MCMC , Multimanager funds, Hedge & Mutual fund process ,Understanding the client and there investment strategies
Daily Performance Fees calculation and Hedgechek Reconciliation Daily Fair value check ,Daily Swing pricing and Dilution Levy signed off sent to TA and Client Reconciling Unit Deals, Stock, Foreign Exchange Contracts and Income with Investment Manager and custody
Validating Portfolio Price movements, including stale pricing
Accountable for all Corporate Action (Dividends, Right issue, Stock Split etc) realized gain/loss and unrealized gain/loss
Ensuring that all the valid corporate actions are recorded on the fund for the appropriate valuation date
Review cash reconciliation between parties (i.e
Systems, brokers, investment managers, research and resolve discrepancies, including currency differences)
Checking that all OTC products traded by the Investment Manager have been booked correctly
Tracking all necessary offline expense calculations
Validate all accruals, payment and expense charges
Performance Fee calculations to ensure Performance Fees are calculated and accrued correctly on the Fund for the valuation based on the type of performance fee agreement with the client
Ensuring that all the trades done by the Investment Manager are captured correctly on the fund
Reconciling prices and making sure that all the huge price movements have been backed up with at least two external price providers
Co-coordinating with various teams like Pricing, Custody, Transfer Agency, Budget Team and Financial Reporting Team
Class Divergence validation the reasonability of all class movements
Investigate and validate any out of balance on the fund
Finalizing the Daily, Weekly, and Month end NAV of the client
Reviewing Monthly Controls to double check all Fixed and Variable expenses are accrued on the Fund as per the Agreed prospectus
Responsibility of delivery of funds
Responsibility for NAV error analysis and work with other partner areas/vendors to get it corrected
Sharing the knowledge with the partner
Providing the reports to management with relates to team performance, productivity score, accuracy and timeliness on Daily and monthly basis
Ensuring all agreed reporting is completed & sent to the client
Ensure compliance of all processes with internal policies and procedures and updating procedures to mitigate business risks
Ensuring the procedure are been updated on regular basis for the all the clients if there is any changes
Class Divergences are been validated with the 100% by checking the different reason like cost of hedging, Class specific expenses, FX rate fluctuations and Hedging differences To provide training to new joiners and to the existing team member on the concepts
Keeping a track of the work done by the preparers and meet them on timely basis to understand there Learning requirements
Delivery of training to the existing partner based on the requirements Working on the Queries from client and Auditors and responding in timely manner
Allocating Daily/ Monthly work to the team members on daily basis
Preparing monthly reporting for the management reporting purpose
Working very closely with Transfer agency, pricing team custody and investment manager to gain accuracy

Process Lead

BNY MELLON Pvt. Ltd.

Working with Fund Accounting daily NAV calculation team for EMEA region -UK based clients Did Migration of Invesco Onshore funds from DUBLIN to BNY Mellon Pune
Performing daily tasks on time and achieving deadline
Reconciliation of Cash/Assets/Position/Market Value/Corporate action , FX & other streams of Recons with resolution of breaks Reconciliation of Dividend, interest & Market Valuation of the fund during month-ends for the fulfillment of calculation of GAV & NAV
Research & resolution on all recon breaks such as trade break/Corporate action breaks, dividend & other product related breaks
Preparation of trade verification and calculation of trade value for Cross currency and missing trades
Matching fund as per client procedure
Identifying and analyzing the nature of breaks, dealing with various departments and problem solving
Calculation of Expenses and Management fees TA deals unit and cash reconciliation
Verification of Exceptions above tolerance BPS Impact against valid backups (Bloomberg, IDC, Trade blotters Etc.) Verification of manual postings above tolerance
Calculations of Corporate actions, Incomes, Dividends, Expenses
Reclassification of Income and capital
Generation and timely delivery of various reports to Client
Posting TA deals, Incomes, Expenses, Accruals, Reclaim and Margin entries
Monitor Incomes and dividends using Bloomberg also fixing and reporting accrual parameters on fixed income instruments
Use Bloomberg as a research tool on a daily basis, it helps to make research on fixed income, equity, derivatives and structured products related breaks and provide clear information about dividend/interest payment cycle.
Work closely with the Oversight team to get daily and monthly issues resolution
Resolve complex queries from the team and queries within departments and reviewing the daily, weekly and monthly deliverables
Taking care of all trade and cash related activities on daily basis
Derivatives Expirations: Checking and confirming the same to onshore team that all derivatives expire with the norms and provide confirmation with appropriate back up
Late trade: Confirming late trade, Future reconciliation with broker and client
Option reconciliation with broker and client
Unrealized check for all securities held in portfolio ,Validating all realized trades with proper MTM(mark to market) Calculating BP’S Impact for all late trades
Checking cash breaks, resolving the same and providing backup to reconciliation team for matching all cash related breaks
Confirming all trades booked on Accounting and confirming prices for the same with Bloomberg I.e
Placing and Factored bonds.

Senior Associate

Syntel Sourcing Pvt. Ltd.

06.2009 - 04.2016

Cap stock / Transfer Agent - Confirm outstanding shares breaks for funds, confirm the impacting Cap stock trade activity with clients and reconcile the Transfer agent and Custodian bank accounting books., Post discrepancy as per client requirements verify the Subscription and redemptions movement Account Receivable and Payable entry :- Confirm the Receivable / Payable entry with Transfer Agent and post the accounting treatment as well as proved out the posting impact Expenses: -Reconcile the allocation of expenses ratios, Post and Allocate Variable / fixed expenses on the funds also it includes tracking and posting of various expenses like custody, auditing, Transfer Agent expenses .Ensure all fees / Expenses are occurred on time Trades: - It includes verifying all trades related to fund that is with Trade monitor Performed by Team
Dividends :It includes calculate all the EX date dividend line for USD and International Currency Corporate actions: We track all corporate actions related to various securities held in fund like Stock Dividend, Bonus issue, Right issue, Spin-off, Merger, Cusip swing, Stock Spilt / Reverse Stock Split and Cash Dividend etc
Final Prizing (NAV Calculation): - Accounting activity related to NAV calculations for the mutual fund on daily basis & disseminate directly in NASDAQ server, it includes confirmation of all information related to assets and liability of a fund that is with client information
NAV publish to NASDAQ with the sent and accepted receipt Operations based in Boston City, US are focused on daily fund accounting of all full service mutual funds with an aim to release accurate Net Asset Values for each fund on time to NASDAQ & various other reporting entities Primarily responsible for all aspects of day to day accounting for one or more assigned funds which is related to NAV calculation Very critical process both because it is highly time sensitive & also since it has less than half a cent margin of error in terms of per unit NAV Delivered Acting Team lead role and take care of more than 10 FA Administrating and auditing the Mutual Funds to see that the Correct NAV is sent to - NASDAQ
Processing and reviewing most difficult Fund groups like NYLIM, Goldman Sach, Dwight, Shurtleff, SSGA, Legg Mason Municipal Bond and Equity Mutual Funds
Adherence to quality target for the group as per SLA, Deliver high quality service to customers by accurate, timely completion of all assigned tasks and requests for information
Review group performance, share feedback & enhance quality of operations
Interacting with clients on a regular basis on different operational issues
Maintaining a healthy working relation with them resulting in client delight Analyze performance of team and take corrective steps
Conduct one on one meeting and process Training session with team members Identify exceptions and problems affecting accounting records and prices, communicating same to management and assisting in their resolution Undertake projects and do detailed study thereby bringing in improvements in the process Reconciling Holdings and amendments with Custodian to Transfer Agency and booking Cap stock on Daily basis
After booking estimates allocating ratio as per funds holding for allocate right income, expenses and G/L as per basis of the funds Sending Cap stock Variance reconciliation email to the client to confirm the cap stock activity for the fund and prove out the impact of Subscription and Redemption with the verification of EX date trade or Stale dated trade Reconciliation of participant units and shares between custody and record keeper
Checking the Trades and escalation of the same if they are above set up tolerance level or they are Impacting the funds and confirm the trades are valid with proper back up Maintaining reports to track Service Level Agreements and other metrics
Disseminating NAVs to record keeper if all activities are posted correctly on the funds
Directly responsible for client communications related to service level achievement, training Requirements & day to day issues and concerns.

Summary

Overview

Work History

Manager

Team Leader

Process Lead

Senior Associate

Education

B.Com -

Skills

Certification

Accomplishments

Name Signature

Phone

Disclaimer

Timeline

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