Summary
Overview
Work History
Education
Skills
Accomplishments
Languages
Timeline
Generic

Venkatarao K

Hyderabad

Summary

Experienced professional with 9 years in the finance domain, including over 4 years of experience in private equity and reconciliation. I have in-depth knowledge of private equity, hedge funds, NAV calculation, loan syndication and trade operations, capital and derivative global markets, FX settlements, custody-side clearing and settlement systems, and mutual fund services.

Overview

10
10
years of professional experience

Work History

Senior Associate

State Street Corporate Services Private Limited
Hyderabad
04.2021 - Current
  • Working on Private Equity and Mutual Fund Groups to keep track of in and out post-NAV reconciliation activities, such as financial research, NAV impact analysis, market data analysis, and fund manager reconciliation.
  • Managed the reconciliation of cash transactions between custodians and investment managers, ensuring seamless operations and compliance.
  • Reconciliation of all income parameters in the database during the conversion of funds, and make sure ledger balances are in line.
  • Preparing client (Limited Partners) cash files that include the contributions, distribution notices, limited partner capital calls, return of capital, gain/loss, management fees, and other expenses.
  • Reconciling the different types of expenses posted, such as management custody and audit, with FM and in line with the FM statement.
  • Maintaining daily cash and position between multiple prime brokers, and maintaining accounting records for multiple currencies.
  • Ensuring 100% accuracy and timely NAV deliverables to the client.
  • Working on a standalone and master-feeder structure.
  • Reconciliation of cash breaks and position breaks, and resolve breaks by using different backups, like Bloomberg, GIM, WINS, bank loan files, and fund manager reports, etc.
  • Reconciling the discrepancies of securities prices, positions for derivatives, bonds, and equities with fund manager reports/broker statements.
  • Researching and reviewing all types of securities (T-bills, stiff, zero-coupon, corporate bonds, bank loans, common stock, preferred stock, and municipal bonds, etc.). Swap securities.
  • Review and provide query resolution to all third-party vendors, and provide instructions for processing and client specifications tasks.
  • Responsible for the reconciliation of cash transactions between the custodian and the investment manager on a daily basis.
  • Worked on client-specific queries appropriately and in a timely manner, handling complex queries along with the counterparties and joint venture team.
  • Reviewing daily cash and position reconciliations between the client and their custodians.
  • Keeping a track of all Corporate Action activities like Dividends, Bonus issues in funds.
  • Trained new employees to accurately and efficiently complete daily and monthly fund accounting procedures.

Associate

State Street Corporate Services Private Limited, Hyderabad, India.
04.2018 - 04.2021
  • Monitoring capital activity, generating a statement of allocation to investors based on contribution.
  • Monthly NAV package market value reconciliation, expense accounting, including Management fee, Admin fee, and Incentive fee.
  • Hedge fund reconciliation activity for cash, cost, and position, and long-term and short-term gain/loss realization.
  • Implementation of expense accrual changes.
  • Computing NAV, analyzing, investigating, and validating the NAV movement.
  • Daily cash and position reconciliation between accounting and custody.
  • Reviewing trades, cap stock, corporate actions, and income.
  • Verifying corporate actions (stock and cash dividends, bonus issues, mergers, spinoffs, rights issues, tender offers, etc.).
  • Saving and verifying working trials, pre-NAV check. Calculation of NAV impacts, and decision-making.
  • Make sure all the components of NAVs are processed correctly before releasing NAV.
  • Working with the Trade team, the Past Due team, and other teams to clear the discrepancies between custody and accounting records.
  • Hands-on experience in using Bloomberg for searching information on corporate actions, the price of securities, and verifying coupon accruals for bonds.

Financial Associate

RRDonnelley
Chennai
09.2015 - 01.2018
  • Working in the Global Capital Market and Investment Market.
  • Handling an Initial Public Offering (IPO), which is an act of offering the stock of a company on a public stock exchange for the first time.
  • Information will help the investors judge whether they can invest their funds in this offering.
  • Performing amendments as per the client's requirements.
  • Query preparation.
  • Looking after team management activities like quality, training, development, and mentoring of team members.

Education

MBA - Finance

Nalanda Institute of PG Studies
Guntur

Bachelor of Commerce (B. Com) -

Krishnaveni Degree College
Guntur

Skills

  • Fund accounting
  • Private equity
  • Mutual fund
  • Hedge funds
  • NAV calculation
  • Loan syndication
  • Trade operations
  • Trade settlements
  • Equity
  • Fixed income
  • Custody settlements
  • Corporate actions
  • Derivatives

Accomplishments

  • Management appreciated with bravo award on cross location training in funds movement
  • Appreciations from onshore for clearing the unapplied wires and past dues with in the timeline
  • Recognized as good team player from the management for managing team and funds effectively.

Languages

  • English
  • Telugu

Timeline

Senior Associate

State Street Corporate Services Private Limited
04.2021 - Current

Associate

State Street Corporate Services Private Limited, Hyderabad, India.
04.2018 - 04.2021

Financial Associate

RRDonnelley
09.2015 - 01.2018

MBA - Finance

Nalanda Institute of PG Studies

Bachelor of Commerce (B. Com) -

Krishnaveni Degree College

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