Vice President Manager

VSN Mukkavilli Murthy

**** ******* **** *** ** Flushing, NY 11355,

Phone: 718-***-**** (H)

Email: ******.**********@*****.***

Employment history:

September 2006 to present : Vice President (Accounts), State Bank of

India, New York Branch

. Manage the Accounts and Finance department, consisting of 2

supervisors and 3 clerks. Finalize quarterly/ yearly balance sheet,

profit and loss, capital adequacy reports (under Basel 1 & 2), NPA

statements/ summary in accordance with home office auditors'

requirements. Furnish analytics of PnL and Balance Sheet to local

external audit team for quarterly certification. Prepare yearly budget

and provide monthly actual performance vs budget analysis, month end

ALM analysis under Management Information System and ad hoc

information to home office. Coordinate power point presentation of

monthly performance review with home office.

. Oversee maintenance of the General Ledger Chart of Accounts.

Responsible for additions/ changes to the general ledger in Finacle

software to accommodate specific regulatory reporting and tax

requirements. Review accounts to ensure that transactions are properly

recorded. Constantly in dialogue with business departments -Loans,

Deposits, Trade Finance, Dealing room to provide assistance in setting

up correct general ledger accounts and guide them in properly

recording the transactions in accordance with USGAAP. Provision

entries for depreciation on fixed assets, accrued expenses, taxes are

put through before month end. Improved the reconciliation of Nostro

and internal accounts and provide monthly ageing analysis, reducing

the number of items and write-offs. Implemented new practices of

documenting the fair values of derivatives for meeting reporting

requirements of call report, in light of the growing complexity and

size of the derivatives book. Changed operating processes from

sequential pattern to parallel processing, improving timeliness and

increasing efficiency. Carried out annual review of Accounting

Manual; Regulation D Policy; FDICIA Policy, ensuring currency and

relevance. Compiled job cards for operating staff detailing procedures

and processes for regulatory reporting.

. Efficiently compiled financial information for regulatory examiners

in anticipation of compliance concerns and ensured integrity of

data furnished by all departments through validations and control.

Resolved issues raised by examiners by placing reasoned arguments

supported by relevant documentation and procedures. Developed

processes for regular interactions with external audit team and

coordinated for auditor's certification of yearly balance sheet and

quarterly reviews per home country requirement and call report and

internal control systems under FDICIA.

. Reviewed yearly the dormancy periods under Abandoned Property Laws, as

of June 30 and submit preliminary and final reports with remittances

to New York / other state Controllers as well as negative reports to

other states. Serve as back up for Chief Operating Officer. Conduct

pre-disbursal review of loan documents for compliance with terms.

Serve as back up for Vice President (Personnel & Administration)

taking care of Payroll and Accounts Payable in his absence.

Dec 1986 to Sep 2006 : State Bank of Hyderabad, India

. Managed operations of 3 branches in India - Rural branch-

agricultural clients; Medium size branch - small business group

customers; Large size branch -high value corporate borrowers.

. As Credit Analyst Manager, gained rich experience of 5 years and

knowledge on a large no. of industries/sectors and various tools used

in credit appraisal, analysis of financial statements and decision

making. Created talent pool in Bank by imparting training on credit

appraisal in various cities.

Education: Andhra University, India : Bachelor of Science in Physics.

Indian Institute of Bankers : Certified Associate

Trainings/ Seminars: Attended annual reporting seminars at FRB New York on

FFIEC 002, FR 2900 in the last three years; IIB tax seminar in June 2010.

Passed compliance test modules of Bankers' Academy (EDCOMM group) on

BSA/AML; Regulation CC; Right to financial privacy act; Check21; Regulation

P, Reg D.

Computer skills: MS Word, Excel, Power Point

Status in US: Permitted to work only for the present employer under L1 VISA

(intra company transfer). Change of employer requires new work permit/

sponsorship.

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