Sashikanta Pradhan
Fund Administration Professional
Summary
Results-driven professional with extensive expertise in investment banking operations and fund administration. Seeking a challenging role to lead teams, optimize processes, and drive operational success. Known for flexibility and adaptability, committed to delivering exceptional results and exceeding expectations. Ready to leverage skills and experience to make a significant impact in a dynamic and fast-paced environment.
Overview
15
15
years of professional experience
2008
2008
years of post-secondary education
3
3
Languages
Work History
Associate Operations Manager
THOUGHTFOCUS
Bangalore
08.2024 - Current
- Develop and implement business strategies to align with company goals
- Oversee daily operations to ensure smooth workflow
- Manage fund accounting for public credit funds, ensuring accurate NAV calculations and valuations
- Review key fund administration files (CAPSUM, accrual reports, fee calculations, CAPS, trial balances) for accuracy
- Address queries from fund administrators related to fund accounting processes and review/send NAV EST files
- Ensure compliance with U.S
- Fund accounting standards and support audits with necessary documentation
- Monitor key performance indicators (KPIs) and collaborate with the fund owner to ensure timely completion of deliverables
- Work closely with the fund owner on deliverables to ensure all timelines are met
- Support the HR team in sourcing suitable candidates for various roles by providing role-specific insights and assisting in the interview process to identify and selecting top talent
Assistant Vice President (Fund Administration)
Citco Group Services (India) LLP
04.2021 - 01.2023
- Managed a team of Supervisors, Senior Fund Accountants, and Fund Accountants, executing fund accounting functions, including NAV calculations, payment processes, and client reporting
- Effectively manage client expectations, ensuring timely and high-quality deliverables while addressing concerns proactively
- Oversee daily, weekly, and monthly NAV calculations, budgeting, and capital activities for multiple hedge funds, ensuring accuracy and adherence to accounting principles
- Implement and maintain robust internal controls to ensure the accuracy and timeliness of NAV reporting
- Conduct periodic reviews of fee structures and calculations to ensure compliance and optimize fund performance
- Prepare periodic FTE calculations and ensure all audit queries are addressed within agreed SLAs
- Conduct regular performance reviews and provide constructive feedback to enhance team effectiveness
- Foster a collaborative team environment that encourages open communication and knowledge sharing
- Participate in internal projects to streamline client requirements, including KPI reporting, process improvements, automation, and integration of new processes
Officer, Fund Administration
State Street Corporate Services Mumbai Pvt ltd
03.2020 - 04.2021
- Managed a team as both People and Process Manager, driving performance and cultural values to align with organizational goals
- Reviewed performance reporting, expense management, ABF calculations, and payments of invoices, budgets, and distributions, ensuring timely completion of all deliverables
- Handled taxation aspects related to fund administration, including accurate reporting of withholding taxes on distributions and compliance with direct tax obligations (corporate income tax and capital gains tax)
- Managed the accounting and reporting of capital gains tax (CGT) for fund administration services, ensuring compliance and timely remittances
- Addressed ad-hoc requests from external parties while ensuring alignment with tax regulations and internal processes
Associate, Fund Administration/Fund Accounting
JP Morgan Services India Pvt ltd
Bangalore
04.2016 - 03.2020
- Ensured timely delivery of all activities performed by team members for assigned clients, maintaining accuracy in accordance with agreed SLAs
- Reviewed and analysed fund reconciliation issues, finalized GAV/NAV, and provided timely reconciliation books to clients
- Managed investor allocations and reviewed capital statements, ensuring accuracy of reporting in accordance with approved NAV
- Managed the booking of various accruals, payments, and capital activities, ensuring adherence to accounting standards
- Conducted performance analysis of team members, focusing on priority setting and discussing progress on compliance and reporting
- Governed compliance through regular meetings, addressing BAU activities, month-end deliverables, exceptions, and staffing issues related to reporting
Assistant Manager, Fund Accounting
SS&C Globe Op Financial/Citi Corp/HCL
12.2012 - 04.2016
- Transitioned to SS&C’s payroll as part of the acquisition of Citi's Hedge and Private Equity Business, serving as Assistant Manager Supervisor in Hedge Fund Accounting
- This role involved overseeing the end-to-end fund accounting process, team management, MIS reporting, and training and development
- Supervised monthly, quarterly, and other periodic fund and partner accounting activities, reviewing deliverables to ensure they meet quality and timeliness standards
- Conducted performance analysis (monthly, quarterly, half-yearly, and yearly) and set goals for the eight associates reporting to me
- Established the migration process and ensured all necessary details were fulfilled to stabilize the process
Analyst, Fund Administration
BNY Mellon India Global operations Pvt Ltd
01.2010 - 12.2012
- Exposure to multiple clients and a fast-paced deadline driven work environment
- Daily/periodic reconciliation of Cash & Assets like Mutual Funds, Fund of Fund
- As a part of process Mentor taking care of daily work allocation of assigned team members and make sure to address all issues/concerns feedbacks on monthly review with reporting manager
- Worked closely with on shore teams with regard to updating SOPs / Control Checklists
- Lead person on testing, implementing and conversions to new systems
Education
PGDM - FINANCE
DSBS-AIMA
NCFM - Beginner and capital market module
BA Certification - undefined
International Scrum Institute
Skills
- Fund Administration Platforms: Expertise in Fund Accounting and Administration Tools
- Software Proficiency: MS Office Suite, Eclipse, JIRA, SQL
- Testing : Manual Testing
- Methodologies: Agile Methodology
- Operating Systems: Windows
PROFILE SUMMARY
- Accomplished professional with over 13+years of experience in the financial services domain, specializing in Fund Administration Services and possessing foundational project management skills.
- Expert in Fund Accounting processes, including NAV calculations, Investors allocations, reconciliations, treasury services, investor reporting, and middle office functions, particularly within PB Margin and BSG management.
- Possesses a sound understanding financial instruments, including Equity Swaps, Futures, Options, FX, Fixed Income Products, and Derivatives.
- Demonstrated leadership in people management, effectively guiding teams to achieve performance goals, fostering a collaborative work environment, and enhancing team capabilities through training and development.
- Actively involved in application testing, automation initiatives, and system migrations, including travel to Dublin for process migration to BSG, showcasing adaptability and technical acumen.
- Effective communicator and strategic thinker, skilled in stakeholder engagement and leveraging analytical and problem-solving abilities to foster operational excellence and drive strategic growth.
Professionalachievements
- JP Morgan, Received the Innovation and Zing Award.
- Citi Bank, Awarded the ARC Award for successful FA transition.
- BONY, Received the Team Award.
- CITCO, Earned the Quarterly Team Award for outstanding performance.
Personal Information
- LinkedIn: linkedin.com/in/sashikanta-pradhan-366b5649
- Location: Bangalore, Karnataka
- Gender: Male
- Date of Birth: 14th July 1982
- Personal Strengths: Positive attitude, Ambitious, Adaptable to new challenges
Disclaimer
I hereby declare that all information provided above is true and accurate to the best of my knowledge.
Timeline
Associate Operations Manager
THOUGHTFOCUS
08.2024 - Current
Assistant Vice President (Fund Administration)
Citco Group Services (India) LLP
04.2021 - 01.2023
Officer, Fund Administration
State Street Corporate Services Mumbai Pvt ltd
03.2020 - 04.2021
Associate, Fund Administration/Fund Accounting
JP Morgan Services India Pvt ltd
04.2016 - 03.2020
Assistant Manager, Fund Accounting
SS&C Globe Op Financial/Citi Corp/HCL
12.2012 - 04.2016
Analyst, Fund Administration
BNY Mellon India Global operations Pvt Ltd
01.2010 - 12.2012
BA Certification - undefined
International Scrum Institute
PGDM - FINANCE
DSBS-AIMA
NCFM - Beginner and capital market module
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