UMAKANT WABLE
Senior Operation Analyst
Pune
Summary
Accomplished Senior Operation Analyst with a 8 years of experience and proven track record at The Citco Group Limited, showcasing expertise in derivative accounting like Hedge fund & Mutual fund products – Bonds, Equity, Derivative, OTC, future, options, swaps, forward FX, CFD, CDS for Cash/Position reconciliation, NAV calculations/Reportings practices and a knack for proactive knowledge acquisition. Demonstrates meticulous focus and data analysis proficiency, driving quality assurance and financial statement analysis.
Overview
9
9
years of professional experience
Work History
Senior Operation Analyst (Fund Services)
The Citco Group Limited
Pune
05.2020 - Current
- Successfully migrated a Canadian hedge fund client from onshore to the Citco office as per the defined timeline.
- Having exposure to instruments like bonds, equities, derivatives, options, swaps, IRS, futures, forwards, CDS, CFDs, and forward FX.
- Calculate fund-wise NAVs for the Marathon hedge fund client on a monthly basis.
- Identify the cause and do the necessary booking on accounting to match exceptions with prime broker accounts and clients (deposits, fees, dividends, interests, withdrawals, revenue, expenses).
- Ensuring corporate actions are correctly booked in accounting, as per the Geneva client report.
- Checking that all the OTC products traded by the client have been booked correctly in the Aexeo system.
- Using the Bloomberg terminal for searching for information on coupon accruals for bonds and prices for securities.
- Prepare PNL recon (Client vs Aexeo) on a security level to ensure our positions are tied to client quantity, cost, market value, realized, and unrealized gain. Any issues in these criteria need to be researched and resolved, or raised to clients for backup and support.
- Month-end delivery – investigation and resolution of the breaks, delivery to the client for cash, and position reconciliations. Ensure month-end recs are delivered to clients as defined in the SLA, and escalate queries to internal teams, clients, or brokers for timely resolution of the exceptions.
- Risk and control – Ensure documentation, such as SOPs, training plans, assessments, and checklists, are in place. Errors are logged, and the team is sensitized. Edged exceptions review/escalations were done on time for resolution.
- Reviewing the pricing of the portfolio and analyzing the pricing exceptions, if any.
- Review cash and position month-end recs, ensuring all open exceptions, backup/supports are reviewed before releasing the final NAV to clients.
- Finalizing the month-end NAV for the client and providing investor-level allocation reports at month-end.
Senior Analyst
AXA Business Solutions
Pune
08.2018 - 05.2020
- End-to-End Daily Reconciliation – Cash and Position
- Daily reconciliation of cash and assets of portfolios between IM and various custodians on the CTC (Clarity Transaction Control) application.
- Identification of overdrawn accounts, charges to OD, and to check trades to cover OD, posting dividend adjustment entries, and interest entries.
- Identification of monthly, quarterly, or yearly pay-down breaks and verifying the same in BBG.
- Routing breaks to the concern team and actively working with the bank, sales, IIMO, AT, and PMG teams for complex queries.
- Reconciliations of mutual fund products between the investment bank and AT.
- Responsible for posting various transactions into multiple AB client systems, i.e. PMS, APEX, Boss, ACE.
Senior Process Executive
Cognizant Technology Solutions
Pune
08.2015 - 01.2018
- Corporate Action – Tax Reporting.
- Identifying, analyzing, and resolving breaks are related to income, trades, corporate actions, and the transfers of shares, etc.
- Perform the different statements of tax into various products, such as manually and SN.
- Reconciling the client account positions between our investment bank and fund companies for any differences in shares after every corporate action, and preparing the audit reports.
- Doing cash and position research for different corporate actions: mergers, bonus issues, splits, spin-offs, dividends, etc.
- Generated manually, the tax report handles corporate actions for different regional clients, such as the US, Switzerland, Israel, and South Africa.
- Responding quickly and accurately to queries in a high-volume and time-sensitive environment.
- Timely escalation of issues and solutions to ad hoc activities.
Education
M.B.A. - Finance
Savitribai Phule Pune University
Pune, India06-2015
B.M.S. - Finance
Mumbai University
Mumbai, India06-2012
Skills
- Management Skills
- Data Analysis Proficiency
- Process Improvement
- Meticulous Focus
- Proactive Knowledge Acquisition
- Financial Statement Analysis
- Expertise in Derivative Accounting Practices
- Quality Assurance
- Microsoft Excel proficiency
Languages
- English, Native
- Hindi, Native
- Marathi, Native
Affiliations
- Technical Competence - BBG, TLM, AEXEO
- Annual reports preparation
- Fixed income securities
- Accounting software
- Alternative investments
Personal Details
- DOB – 5/April/1991, Marital Status – Married, Nationality - Indian
- Permanent Address – A/p & Tal – Shreerampur, Dist – Ahilyanagar, Maharashtra 413725.
- Current Address – Flat no B-1001, Palm Spring, PCMC, Pune – 412101
Timeline
Senior Operation Analyst (Fund Services)
The Citco Group Limited
05.2020 - Current
Senior Analyst
AXA Business Solutions
08.2018 - 05.2020
Senior Process Executive
Cognizant Technology Solutions
08.2015 - 01.2018
M.B.A. - Finance
Savitribai Phule Pune University
B.M.S. - Finance
Mumbai University
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