Corporate Actions Fund Accounting

CURRICULUM VITAE

B. Vinay Kumar

**** ******* ******, *****: adzvwx@r.postjobfree.com

The Point Of Perimeter

Georgia 30338, Mobile: 770-***-****

Professional Profile

Results-driven professional with a strong background in securities operations, fund accounting, and global custody. Proven expertise in creating and distributing ETF baskets, processing corporate actions, and managing trade order lifecycles. Adept at ensuring compliance with client agreements, implementing standard operating procedures, and conducting audits. Skilled in fund accounting activities, including NAV calculation, reconciliations, and financial reporting. Demonstrated ability to collaborate with stakeholders, lead meetings for process improvement, and maintain business continuity during crisis situations.

Core Competencies

Functional

●Managing the Announcement and Processing of Corporate Actions for Equity and Mutual Funds

●Cash & Stock Reconciliation across platforms involving Regulatory & Compliance SLAs

●Proficient in SWIFTS – MT 564, 566, 568, 565 & 567

●Designing and executing multiple projects on BFS domain to generate value add from streamlined functions.

●Establishing process improvement initiatives for minimizing cost.

Technical & Risk Mitigation

●Understanding business process, study & analyze workflow to develop solutions

●Development of BOTs – Record Date / EX Date check automation

●Controls on Deadline management & remediation in case of misses

●Self-Audit Assessment & Incident Reporting

Migrations & Onsite Assignments

•Successfully migrated multiple Asset Servicing functions from US, UK and Switzerland

•Planned and executed the Resiliency

•Recruitment and training for new hires

Work Experience

State Street Corporate Services India Pvt. Ltd 05/2020-05/2023

●Created and distributed daily ETF baskets, managed indexes and portfolio holdings

●Processed and reviewed corporate actions, calculated cash components

●Ensured adherence to client agreements, handled queries from clients and other departments

●Conducted reviews, identified tolerance breaches, and generated reports

●Managed trade order lifecycle and settlement with Authorized Participant

●Handled custody functions including income distribution and fee payments

●Conducted fund accounting activities, such as NAV calculation, income accruals, and expense allocation

●Performed daily reconciliations between the accounting system and custodian records

●Prepared and shared daily MIS reports, led meetings for KPIs and process improvement

●Developed standard operating procedures, collaborated with stakeholders for project implementation

●Addressed queries from internal and external auditors

●Managed resource allocation, access issues, and conducted trainings

●Oversaw global custody operations for multiple markets

●Monitored trade lifecycle activities, including corporate actions, settlements, and reconciliations

●Implemented inside/outside controlled breaks for corporate actions

●Collaborated with agents, client service managers, and governance teams

●Ensured business continuity during crisis situations

●Conducted fund audits, responded to auditor inquiries, and prepared financial statements

●Assisted in fund launches and transitions, ensuring smooth onboarding of new clients

●Stayed updated on industry trends and regulations impacting fund accounting practices

●Managed fund performance analysis and attribution reporting

●Maintained controls and procedures for compliance with accounting standards and regulations

Manager Activities in State Street:

• Led and motivated a team of 12 members

• Developed individual development plans and training calendars

• Conducted performance assessments and monthly reviews

• Managed incident reporting and closure process

• Conducted quarterly BCP tests

• Performed audits and risk assessments

• Assisted in process flow creation, procedures, and controls

• Conducted UAT for reconciliation and corporate actions applications.

Wipro India Pvt LTD - Deputy Manager 07/ 2016 – 05/2020

●Managed a team of 15 associates in Corporate Actions for UBS-Wealth Management.

●Processed both Mandatory and Voluntary corporate actions using swift messages (MT564, MT565, MT566, & MT568) for international and US securities.

●Ensured accurate capture, notification, processing, and accounting of corporate action events.

●Set up equities, fixed income, hedge funds, derivatives, and maintained the security master database.

●Received custodian announcements, performed data scrubbing and comparison, and notified specific clients of corporate action events.

●Identified and managed risks through critical deadline report monitoring, sample checks, and custodian evaluation.

●Acted as the primary escalation point for all CA event creation and announcement matters.

●Provided general support in overall Corporate Actions processes and updated procedures with new updates.

●Produced business research reports and studies for clients on a contractual basis.

●Developed and implemented training programs to enhance team performance and development.

●Ensured accurate and timely completion of established processing procedures and controls.

●Assisted team members in processing CA events and performing manual work during the process.

Franklin Templeton International Service Pvt Ltd-Senior Associate 08/2008-07/2016

●Worked for CRT (Central Response Team) Process under CDS (Client Dealer Services) Dept.

●Assisting and training the New Joiners and monitoring their performances and simultaneously handling a team of 25 members and acting as the SME for the process and aligning work instructions as per global procedures.

●Dealing and Registration - New shareholders accounts set up, Dividend Processing and Distributions.

●Verifying and validating the customer nature of business and choosing the appropriate industry classification code. Validating the identity & address proof provided by the customer for KYC

●Transaction processing of Subscriptions, Redemptions, Transfers, Switches, Wire payments

●Reconciliation of trade details, Account details, Amount, Units, settlement currency, client account

●Calculating the Daily, Weekly and Monthly Dividend Register to AMCs. (Asset Management Company,).

●Processing MICR/NEFT/RTGS/ECS payments for different banks.

●Accurate and timely processing of all investor non-financial requests.

I Process PVT LTD- Phone Banking officer 07/2006-08/2008

●Worked for the Credit Card team part of CSB Cart-Out bond sources.

●Preparing Credit reports for businesses

●Generating Business to the ICICI bank offering Personal Loans on Credit cards.

Education

●Bachelor of Computer science, Osmania University, Hyderabad 2005

ADDITIONAL CERTIFICATIONS

●Microsoft Certified in MCP.

●Lean Six Sigma Green Belt certified.

●Certified Scrum Professional.

PROFESSIONAL TRAINING PROGRAMS & WORKSHOPS ATTENDED

●General Management and Communication skill Course conducted by Wipro India in Apr 2018.

●Participated in training programs on Business Ethics, Managerial Effectiveness program and Passion at work program.

References: Available on Request

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