VINAYKUMAR DOLLIN
Hangal
Summary
Dynamic Team Lead at State Street Pvt. Ltd. with extensive fund accounting expertise, specializing in income calculations and reconciliation. Proven track record in training new hires, enhancing team performance, and streamlining processes, achieving a 95% reduction in error rates. Strong interpersonal skills and proficiency in Bloomberg drive exceptional client satisfaction and operational efficiency.
Overview
8
8
years of professional experience
Work History
Team Lead (Fund Accounting-Income)
State Street Pvt.Ltd
Pune
06.2017 - 12.2024
- To perform different income task of mutual funds like fixed income & Income Change analysis and General ledger.
- Extensive experience in fund accounting, specializing in income calculations, reconciliation, and reporting.
- Working on Different tasks such as Income Tracker, Income Verification.
- Reporting Cash payment to the client whichever received in the custody and setup it at accounting post reconciliation with the market data.
- Validation of swap income for ledger account (33400/500) through concern swap team.
- E-Horizon Alert, NAV alerts etc. to ensure final output Income and Providing it to our client with maximum accuracy and timeliness.
- Working with Bloomberg and Multi Currency Horizon (MCH).
- NAV alert research, validation and provide appropriate resolution before the pricing on fund. Support review and validation of data as needed example - fund net asset value as well as distribute information to client operation teams.
- Taking care of income accruals of fixed income bonds.
- Calculation of Paydown and taking care of posting related to paydowns.
- Give training to new joiner & taking care of Deletion of Close funds & New fund Addition for USIS review & non review team.
- Calculating and reporting the daily NAV (Nest Asset Value) Per unit for multiple funds including domestic, foreign, master- feeder, ETF's fixed income. Calculating fees/expenses as well as provides an overview of the fund to the client.
- Interest calculation with custody and accounting and trade validation with respect to Bloomberg.
- To maintain accuracy in income for the fund and avoid unnecessary NAV error.
- To check all the basic parameters of Trades are setup correctly such as Basis, Frequency, Maturity, Income date, Settlement date, Coupon rate etc as per Bloomberg database.
- Reconciliation of trade setups for bond funds is accurately setup for amortization and accruals.
- Led and managed a team of 16 members, overseeing daily operations and ensuring timely completion of tasks.
- Conducted regular team meetings to align goals, address concerns, and promote a collaborative work environment.
- Provided mentorship and training to new hires, improving onboarding efficiency and team performance.
- Managed task allocation, performance tracking, and employee development to build a high-performing team.
- Streamlined fund accounting processes, reducing errors and improving reporting accuracy.
- Monitored workflow and implemented process improvements, enhancing team productivity.
- Handled complex income exceptions, and acted as an escalation point for critical issues.
- Coordinated with cross-functional teams (e.g., custody, swap teams) to resolve discrepancies and meet client expectations.
- Acted as the primary liaison between clients and internal teams, ensuring smooth communication and issue resolution.
- Prepared and presented reports to senior management on team performance and process outcomes.
- Trained and developed 20+ new hires, accelerating their learning curve and reducing error rates by 95%.
- Received multiple awards EBRS Award in Jan 2019, Value Award in June 2020, Titan of the month in Nov 2020, promote as Team Lead in Jan 2022, Extra Miler Award in Feb 2023 and Sept 2024 for outstanding performance and dedication.
Education
B.com -
S M Bhandari College
Guledgudda01.2016
PUC -
N, D, P, U College
Akki-Alur01.2013
Skills
- Interpersonal Skills
- Problem Solving
- New hire training
- Result - Oriented
- Team Player
- Quick Learner Skills
- MS Office (Word, Excel and Powerpoint)
- MCH
- BLOOMBERG
Timeline
Team Lead (Fund Accounting-Income)
State Street Pvt.Ltd
06.2017 - 12.2024
B.com -
S M Bhandari College
PUC -
N, D, P, U College
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