Urmila Magniram Suthar
Mumbai
Summary
Experienced in internal auditing for mutual funds and portfolio management services, focusing on compliance with regulatory standards set by SEBI. Conducted thorough reviews of investment operations, including transaction verifications and security holdings reconciliations, while ensuring timely accrual of incomes and expenses. Utilized advanced skills in Microsoft Excel and MS PowerPoint to present findings and support decision-making processes. Proven ability to adapt quickly to new challenges, enhancing operational efficiency through detailed analysis and reporting.
Overview
3
3
years of professional experience
1
1
Certification
Work History
Article Assistant
M.P. Chitale & Co
02.2021 - 02.2024
- Conducted Internal Audit of Mutual Fund & Asset Management Company.
- Review of overdrawn & idle balances, Bank Reconciliation of investments, reconciliation of security holdings with custodian records, Corporate actions.
- Payment of statutory Liabilities (TDS on dividend, expenses, redemption proceeds, STT).
- Review of investment operations (Transaction verifications – Debt deals with system log files for primary market deals & secondary market by reviewing deal tickets generated from system, Creation of security masters, Maker checker controls, investment decisions recordings).
- Verified SIP return calculation, Scheme performance returns.
- Calculation of NAV (its accounting, timely accrual of incomes & expenses in terms with SEBI Regulations, valuation of securities etc).
- Review of Compliance with Broker Empanelment policy of AMC.
- Pre verification of Monthly, Fortnightly, Quarterly & Annually Regulatory reports specified by SEBI Regulations.
- Conducted Internal Audit of Portfolio Management Service.
- Conducted Certification work of Mutual funds & PMS ensuring compliance with SEBI (portfolio managers) Regulation 1993.
- Review of dealings and other operations like Holding statements, Dealings etc.
- Verification of Initial Contribution, KYC, Management & other fees charged (within the limits specified by SEBI), Types of Clients, Bank & periodic report sent to clients.
- Compliance review of various MF Schemes in accordance with requirement of the SEBI (Mutual Funds) Regulations,1996 & Circulars issued by SEBI.
- Discussion with compliance representatives of AMC.
- Review of Reports submitted by the management of AMC to regulators.
- Review of minutes of BOD & Board of trustees.
Education
CA Final Group I -
The Institute of Chartered Accountants of India
05.2025
CA Final Group II -
The Institute of Chartered Accountants of India
11.2024
Bachelor of Commerce -
Sydenham College of Commerce
01.2021
CA Intermediate Group II -
The Institute of Chartered Accountants of India
11.2020
CA Intermediate Group 1 -
The Institute of Chartered Accountants of India
11.2020
CA Foundation -
The Institute of Chartered Accountants of India
11.2018
Class XII (H.S.C) -
Sydenham College of Commerce
01.2018
Class X (S.S.C) -
Father Joseph English High School
01.2016
Skills
- Microsoft Excel proficiency
- MS Word
- MS PowerPoint
- Tally
- Good Communication & listening skills
- Quick Learner
Certification
Certificate from Udemy on Financial Analyst Course
Other Information
Proficient in MS Excel, MS Word, MS PowerPoint, Tally, Good Communication & listening skills, Quick Learner, English, Hindi, Marwari, Marathi, Painting, Dancing, Exploring places
Languages Known
English
First Language
Hindi
Proficient
C2
Marathi
Intermediate
B1
Timeline
Article Assistant
M.P. Chitale & Co
02.2021 - 02.2024
CA Final Group I -
The Institute of Chartered Accountants of India
CA Final Group II -
The Institute of Chartered Accountants of India
Bachelor of Commerce -
Sydenham College of Commerce
CA Intermediate Group II -
The Institute of Chartered Accountants of India
CA Intermediate Group 1 -
The Institute of Chartered Accountants of India
CA Foundation -
The Institute of Chartered Accountants of India
Class XII (H.S.C) -
Sydenham College of Commerce
Class X (S.S.C) -
Father Joseph English High School