Siddharth R. Thorat
Pune
Summary
Seeking a dynamic, innovative and challenging career in Finance with a leading organization that would help me nurture my skills to the fullest with an opportunity to display my talent and become an asset to the organization.
Working as an Process Manager in eClerx Services Ltd. Pune. Worked as a SME/Team Lead in State Street HCL Services, Pune Worked as an Analyst in Wipro Limited (4 Month) - Project layoff. Worked as Financial Analyst in eClerx Services Ltd. Pune With M.com degree in Ecommerce, I have 8 year of experience Syndication Loan. Project Migration from State Street to HCL form three different locations. Trained new recruits to understanding processes and organization workflows
Strategic leader in management field known for high productivity and efficient task completion. Possess specialized skills in operational strategy, team leadership, and conflict resolution. Excel in communication, adaptability, and problem-solving to achieve organizational goals.
Overview
8
8
years of professional experience
Work History
Process Manager
eclerx Services pvt. Ltd
Pune
10.2022 - Current
- Trade upload on clearpar,and reach out to cpty for fail funding
- Working on TNC report (Trade not closed)
- Working on Cash and position recon
- Acting as an Agent to review and execute trades via ClearPar and on Paper
- Responsible for end-to-end processing of primary syndications and daily metrics
- Collaborating with Agency and Settlements Teams to identify, investigate, and reconcile position discrepancies
- Handling escalations by effectively communicating with internal and external clients to achieve desired results and maintain strong relationships
- Preparing monthly business Review (MBR)
- Preparing RU/KPI and KRI and published to onshore and offshore team
- Managing APAC/EMEA/NAM team, 25 people
- Tracking team proficiency and share the new tanning plan with them
- Responsible for record keeping of Positions (by booking trades, settling trades and processing borrowing and pay downs activities of loan)
- Cash (receiving interest, fees, reconciliation of it and prepare income booking sheet)
- Accruals (Processing of Rollovers, Borrowing, PIK & restructures)
- Created detailed reports on process performance metrics, including cycle times and cost savings.
- Monitored process execution against established standards and benchmarks.
SME/Team Lead
State Street HCL Services
Pune
09.2019 - 09.2022
- Resolving past due and cash breaks
- Booking Loan trades as par Funding Memo in WSO and MCH
- (Double Booking) and process payment
- Daily working on KRI items to reduce count and working hard to get client in green zone
- Labelling notices on Loan Fax server as per notices
- Assigning of work responsibilities among the team members
- Handling Client/Agent queries and providing resolution on it
- Handling different portfolio for different clients
- Handling escalation and resolving before deadline
- Giving Process Trainings to new recruit for process improvement
- Encouraging to team on quality of work to fulfil client expectation with Daily task
- Handling team and also guiding them to improve their personal and professional career
Analyst
Wipro Limited
04.2019 - 08.2019
- Processing Fix income activity like principle and interest payment on daily biases
- Extracting dallies
- Reconciliation of all the open items and fix this issue and commenting on pending item
Analyst
eclerx Services pvt. Ltd
Pune
03.2017 - 01.2019
- Processing of OTC trade in application (LIQ)
- Responsible for pulling trades (syndicated loan trades) from a third-party system called Clear Par and verifying/reviewing facilities, Assignment prices, notional amounts and signatories prior to their settlement in Loan IQ
- Updating admin details contact of various participants in Loan IQ for syndicated loan
- Assisting North America controls team to resolve queries/ad-hoc requests from various lenders/participants
- Co-ordinate with Baltimore Par closers team to execute buy/sell trades to maintain balance sheet
- Calculation of Delayed Compensation and Cost of Cary as well as Benefit of Commitment reduction
- Processing various trades primary, secondary, Bilateral and Multilateral
- Calculating the Agent fees (Assignment fee and Ticking fee)
- Chasing counter party for trade Affirmation and Confirmation
- Verification of portfolio position for payment of trade amount to counter party
- Allocation of facility amount on the name of participants in the transaction
- Chasing counter parties for KYC documents
- Setting up new counter parties in application after KYC process
- Reconciliation and matching the traded funds
- Setting up remittance instructions of counter Party
Education
MPSC/Banking foundation/Part time Job -
Mahendraguru academy
Pune01.2017
M.Com -
Department of Commerce & Research Center
Pune01.2015
B.COM -
Arts, Science & Commerce College
Rahuri01.2013
HSC -
Arts, Science & Commerce College
Rahuri01.2010
SSC -
SDVT
Takalimiya01.2008
Skills
- Sets and maintains high performance standards
- Completes work in timely and consistent manner
- Maintain confidentiality
- Adhere to organizational policies and procedure
- Co-operates within and across the group
- Deals with difficult situations while maintaining performance
- Adapts changing work environments, work priorities and organizational needs
- Experience to setup new team and new project migration from different location
- KPI reporting
- Client relationship management
- Process improvement
- Escalation handling
- Training and development
- Problem resolution
- Automation on trade processing
- Altryx automatic for reporting
Accomplishments
- Received 2 Spot Awards in Eclerx Services Ltd for showing excellence in different processes.
- Received Best Team Player award in State Street HCL Corporation.
- Received Game Changer Award in State State Street HCL Services
Languages
- English
- Hindi
- Marathi
Personal Information
- Date of Birth: 10/29/92
- Marital Status: Married
Applications Used
- Loan IQ (7.2.7.11)
- Clear Par (Markit)
- WSO (Admin, Reporting)
- PIPE
- LMS (Loan Management System)
- MCH (Accounting purpose)
- VMW (USD buy transaction wire out)
- DTCC and intellimatch
Timeline
Process Manager
eclerx Services pvt. Ltd
10.2022 - Current
SME/Team Lead
State Street HCL Services
09.2019 - 09.2022
Analyst
Wipro Limited
04.2019 - 08.2019
Analyst
eclerx Services pvt. Ltd
03.2017 - 01.2019
MPSC/Banking foundation/Part time Job -
Mahendraguru academy
M.Com -
Department of Commerce & Research Center
B.COM -
Arts, Science & Commerce College
HSC -
Arts, Science & Commerce College
SSC -
SDVT