Sudish Surendran
Mutual fund accountant
Vasai,Mumbai
Summary
Detail-oriented Fund Accounting and Operations Professional specializing in mutual fund NAV validation and reconciliation. Skilled in maintaining accurate NAV oversight, pricing validation, and portfolio accounting controls. Expertise in risk management, regulatory compliance, and supporting fund lifecycle events. Focused on enhancing operational efficiency and ensuring robust controls within a global asset management platform.
Overview
20
20
years of professional experience
Work History
Assistant Vice President
JP Morgan Services India Ltd
Mumbai
03.2025 - Current
Client Operations, Pension Fund Accounting
- Lead end-to-end pension fund accounting operations, overseeing NAV review, financial reporting, cash & securities reconciliation, and capital activity for institutional clients.
- Act as primary client contact for pension fund investors, trustees, and investment managers, addressing complex accounting queries and providing detailed performance explanations.
- Review and approve NAV calculations, accruals, pricing validations, and financial statements prior to client release, ensuring accuracy and regulatory compliance.
- Manage client onboarding for new pension mandates, including fund setup, accounting configuration, fee structures, and reporting requirements.
- Drive resolution of high-risk exceptions, reconciliation breaks, and valuation discrepancies in coordination with Custody, Investment Managers, Compliance, and Audit teams.
- Lead client review calls, operational governance meetings, and performance discussions, providing insights into portfolio movements and accounting impacts.
- Ensure adherence to regulatory standards, internal control frameworks, and audit requirements across pension fund structures.
- Mentor and supervise junior analysts, reviewing deliverables and ensuring SLA compliance and quality standards.
- Identify process improvement opportunities to enhance reporting efficiency, reduce operational risk, and improve client satisfaction.
Client onboarding & account setup team
JP Morgan Services India Ltd
Mumbai
05.2017 - 03.2025
- Managed end-to-end fund onboarding and account setup activities within the Fund Accounting platform for newly launched and transitioned mutual funds.
- Configured fund static data, including fund structure, base currency, share classes, expense ratios, fee schedules, and valuation parameters, to enhance accuracy in accounting systems.
- Established bank accounts, custody accounts, and settlement instructions, ensuring compliance with fund accounting protocols.
- Set up chart of accounts, income and expense mappings, pricing sources, and corporate action processing rules.
- Supported fund mergers, liquidations, share class launches, and structural changes by updating accounting configurations accordingly.
- Maintained onboarding trackers to guarantee timely fund launches within agreed SLAs and adherence to control frameworks.
- Assisted in audit reviews by providing setup documentation, control evidence, and system validation reports.
NAV Validation Process - EMEA
JP Morgan
06.2016 - 05.2017
- Performed independent validation of daily Net Asset Value (NAV) calculations for mutual funds prior to final release to clients and regulatory bodies.
- Reviewed portfolio holdings, security pricing, corporate actions, dividend accruals, expense allocations, and income postings, ensuring accuracy and completeness for timely NAV reporting.
- Validated trial balance movements, cash positions, and capital activity including subscriptions, redemptions, and switches.
- Investigated and resolved NAV breaks by coordinating with Fund Accounting, Custodians, Pricing Teams, and Client Service groups, enhancing overall reconciliation processes.
- Conducted price verification using approved pricing vendors and resolved stale/missing price exceptions within SLA timelines.
- Ensured compliance with mutual fund regulatory guidelines, fund prospectus provisions, and internal risk & control frameworks.
- Reviewed expense ratios, management fees, and performance fees in accordance with fund agreements.
- Supported month-end, year-end closing activities and audit requirements by providing validation reports and supporting documentation.
- Maintained accuracy standards under tight reporting deadlines, identifying opportunities for continuous process improvements.
NAV Validation & Capital Stock Process- WHEM
JP Morgan Services India Ltd
MUMBAI
03.2010 - 05.2016
- Validated investor trade activity and ensured accurate recording of share movements and capital balances in the accounting system.
- Ensured timely settlement of investor transactions and accurate reflection of capital activity in NAV calculations.
- Processed capital stock transactions including subscriptions, redemptions, transfers, switches, and dividend reinvestment's in accordance with fund guidelines and regulatory requirements.
- Performed daily reconciliation of capital stock movements between transfer agency systems, fund accounting records, and custodians.
- Investigated and resolved discrepancies in unit balances, share class activity, NAV application, and cash settlements to maintain accuracy within defined SLAs.
- Reconciled subscription/redemption cash flows with bank statements and custodial records to ensure accurate fund cash positions.
- Coordinated efforts with Fund Accounting, Transfer Agency, Client Services, and Compliance teams to resolve exceptions and mitigate operational risk.
- Supported month-end and year-end closing activities by providing capital stock reports and reconciliation summaries.
- Implemented process improvements that reduced reconciliation breaks and enhanced operational efficiency.
Cash & Stock reconciliation Process
JP Morgan
Mumbai
01.2007 - 12.2009
- Performed daily cash and portfolio stock reconciliations for mutual funds between internal fund accounting systems and custodian records prior to NAV finalization.
- Investigated and resolved reconciliation breaks, including trade date/settlement date differences, pricing variances, FX discrepancies, and income mismatches, ensuring accurate reporting.
- Coordinated with Fund Accounting, Custodian banks, Transfer Agency, and Trade Support teams to resolve exceptions within defined SLAs.
- Monitored pending trades and settlement fails to mitigate NAV impact and reduce operational risk exposure.
- Compiled daily exception reports and escalation summaries to support internal risk and control frameworks.
- Supported month-end and year-end close processes by ensuring all breaks were cleared or properly aged with commentary.
Sysoft InfoTech Ltd
08.2006 - 12.2006
- Responsible for the reconciliation of 435 ATMs of all over India through excel and the system [i.e. Electra].
- Preparation of Reports pertaining to ATMs such as Cash Balancing report, MIS Report and shared Network report.
- Zeroing the atm cash account with the finacle system.
- Solving Customer’s Queries related to their accounts and getting reversed entries after the reconciliation of atms.
- Handling the mails for the customer queries pertaining to the non-dispense of cash but account got debited.
- Handling the shared network transactions done by the IDBI customer on Member bank atms, dispute queries and raising the chargeback on the Member bank.
- Subsidiary of IDBI BANK Ltd
Education
MBA - Banking operations
Sikkim Manipal University
Mumbai01.2014
Bachelor of Commerce - Accounting
Gurunanak College of Arts, Science And Commerce
Mumbai01.2006
Skills
- Client management expertise
- Problem solving
- Process improvement
- Microsoft Excel, Word, PowerPoint, and Access
- Time management
- Attention to detail
Personal Information
- Date of Birth: 07/26/83
- Gender: Male
- Nationality: Indian
- Marital Status: Married
Languages
- English
- Hindi
Timeline
Assistant Vice President
JP Morgan Services India Ltd
03.2025 - Current
Client onboarding & account setup team
JP Morgan Services India Ltd
05.2017 - 03.2025
NAV Validation Process - EMEA
JP Morgan
06.2016 - 05.2017
NAV Validation & Capital Stock Process- WHEM
JP Morgan Services India Ltd
03.2010 - 05.2016
Cash & Stock reconciliation Process
JP Morgan
01.2007 - 12.2009
Sysoft InfoTech Ltd
08.2006 - 12.2006
MBA - Banking operations
Sikkim Manipal University
Bachelor of Commerce - Accounting
Gurunanak College of Arts, Science And Commerce