Fund accounting

SHARDUL SHANKAR JADHAV

E-mail: ***********@*****.***

Contact No: (M) 966-***-****

Address: */* ******* ****** *. Soc J.M. road, kokan Nagar, Bhandup (West). Pin – 400 078.

Passionate in the belief that revenue accounts is essential to the growth and success of an organization that wishes to scale and achieve higher levels of profitability. Successful in travel revenue accounts management and implementations. Aggressive to max utilize domain accounts knowledge and reconciliation for issues resolving and professionally handling escalation mails fromclient ends. Along with that become a good teammemberobeyingandadhereallorganization’sdisciplines. STATE STREET PVT LTD. (Team Leader) (NAV calculation) (Duration – Mar-23 to till date) Designation –Team Leader

Roles & Responsibilities

NAV validation and NAV calculation forMonthly basis. PerformInternal reconciliation ( EOD) End of the day activity on specified deadline fromcustody to accounting On Daily basis with resolving all the breaks related to Income, Trade, Accounting booking like Fees, Maturity, Transfers. Performthe Daily and monthly accrual for specific client and also responsible for accrual calculation. Research on CREU breaks.

Performthe pre-closure activities of the funds like validating past dues, fail trades, transfers and cash breaks. We performthe Month end Reporting Record to Report Like accrual, General Ledger, Fixed Asset Accounting, Intercompany Accounting

Performexternal reconciliation between SSB and different IMs to compare the NAV. Responsible for Internal Audits like ledger to sub-ledger checks and maintain the compliance with the checklist. Management always involves me in activities related to operational decisions. Conducting training and assisting in trouble shooting activities Managed efficiently the most critical client of my team. Assisted as a Reviewer for all clients of my team. Handling queries fromthe fundmanager successfully. Handling Daily and weekly call with onshore counterpart at management level. Reconcile the Accounting work done by all the department of state street bank and finally calculate the nav for each fund.

Prepare bank custody reconciliation on daily, monthly basis, accurately researching & resolving any out of balances between our internal accounting system&custodian in timely manner. PortfolioReconciliation exposed to future, forward& options, fixed income, equities, MBS on a daily, monthly, Quarterly & annual basis to the bank & applicable portfoliomanagement reports to ensure the integrity of reported data by the agreed upon due date.

Preparation of Reports: -

Preparation of NAV MIS

IMrecon tracker

Leave & attendance tracker report.

Various MACRO updation.

Variance report of ROR (Rate of return of fund)

BASIZFUNDSFINANCEPVTLTD.(Teamleader)(Financial statement) (Duration - Jan-22 to Mar-23) Preparing the financial statement of Hedge funds & mutual fund. Same need to verify and reconcile the inputs received fromthe clients. Need to raise query to the client until the satisfactory reports not received. The perpetration of financial statements is segments wise bifurcated in several parts, such as Input received/Segments wise working/consolidation/review of each segments/Pagination/final review. Cash position, income statement, revenue, custody reconciliation. While preparing the Hedge fund&mutual fundfinancial statement need t update various types of check list. Same we need to verify and confirmed upon the Same teamKPIwillgetmeasures. Inputs&Checks: -

Collecting all the required inputs files for ( e.g.TB/SOI/P&L/Cash flow/SOFC/FORMPF/Auditor report) received fromclients through email/FTP

Needs to do TB checks DB amounts is equal to CR amounts to be 0 NAV checks need to be done opening and closing NAV Portfoliodetails is investment details are available in portfolioreports. Need to cross check with TB P&L needs to checks for period FY.

Preparation of Financial Statement: -

Follow the mention specific GAAP in PY statement (IFRS/US). All the FS is categorized first year fund/existing fund/New to Basiz. According to that fundwise perpetration need to update current year statements by considering report, share reports/Auditor reports/various GAAP reports/specific fund rate.

Need to verify first the sub subsequent events details, Such as directors/Bank/Auditor change. As per the adjustment entries passed by FA team, accordingly, we also need t make changes in the FS Specific statements (Umbrella fund) according FX rate sub currency needs to be converted. Once all the segments is prepared (SOO/SOI/SOFP/TB) all the files are link up and consolidate and send it to pagination to convert it into word and PDF* format. SUTHERLANDGLOBALPVTLTD–(Leads- Revenue accounting team) (Duration: - Dec 2011 to Jan-22) As per the IFRS 16 for the revenue recognition in various trades and positions. Refer to the variance report of IBS account, fundwise cross verifying Prepare journal entries & balance sheet reconciliations of Revenue of funds, A/R related Accounts As per the GAAP, preparing manual Jv to set off or for adjust the reconcile difference in IBS. Participate in conference call with client regarding accounting queries. Preferred to automate the process, to reduce manual intervention. Support revenue teamonad-hock analysis and projects. Always trying to improve existing process to give best service to client. Co-oordinate with AP & AR teamofQRforthereraisedquery. Variance reports need to submit to on monthly basis to reconciliation. TECH PROCESS SOLUTION LTD. – Sr. Teammember–MFOperations(Duration: - May 2008 to Dec2011) Performing reconciliation of Collection, Redemption, Dividend, Brokerage & operative accounts. Marked off units created on the basis of application with the credit received as per the cheque Realization.

Time line for Debt Scheme is T+1 & for Equity scheme is T+3.Well versed with the process of Reconciliation of mutual funds, hedge fund including complete banking procedures. Control check of UCR & PCT, Bank & Cams on daily basis. SRIDHAR & SHATANAM, CA FIRM, MUMBAI (Duration :- Mar 2005 to May 2008) UNITRECONCILIATIONOFRELIANCEMUTUALFUNDANDOTHERFUNDS: Suggesting cash flows entries particular for Reliance Treasury plan and Cash Plan, cross check with Call sheet This directly affected to RBI.

Verify switch fundingA/c summary with fundingdetails provided in “Net switch funding” file Send by Reliance mutual fund team.

“UCR” (Unit creation report) send by “Kary team” to us of (Debt, Equity, FMP, L F schemes) fromthat take Required creation and cancellation UCR data of particular Batch Close date. Preparing working file with Funding details and UCR details while match off the transaction puts V-lookup on IHNO of both and puts mark formatchingof transaction. If there is any unmatched transaction puts that in unmatched details. While plotting recons of RLMF schemes take relevant data of that scheme fromthis file and pasted in schemes and tallied recon of that scheme. Verify & Reconciled Switch In/Out of Funds & UCR in vice-versa schemes

After three days tats whichever data is pending in recons give it as “Exception of schemes” to client, make follow up for the same.

After client reverting on that pending exception cross check is that resolve or not. Preparing Subscription / Redemption reconciliation for various schemes of Reliance and ABN AMRO Mutual Fund Reconciliation of UCR vs Cash Flows and preparing entries to resolve the same. Managing the team and ensuring timely delivery of reports to the Clients. WORKING AS A TEAMMEMBERIN“TAXDEPT” OF DEUSTCHEBANK (CASH AND CUSTODY) FROM 5th JAN 2007 TO 31st JAN 2008:

Co-ordinate receipt of Tax Computations fromtaxconsultants. Verification of tax Computation sends by the tax consultants. Maintained trial audit of Tax MIS for FII clients. Reconciliation of pending sale trades and reporting to Tax Consultant for pending Tax Computation through Reporting Manger.

Intimation of pending tax payment to Tax Consultant. Knock off Cash & Billing Accounts entries in “SSR” (Smart stream reconciliation) Preparing weekly & monthly MIS report for Cash & Billing A/C's. WORKING AS A TEAMMEMBERIN“ICICI LTD” TREASURY MID-OFFICEGROUPFROM07thMar, 2006 TO 30 DEC2006. Reconciling the FX-Online deals with the Error Bottler. Daily Preparation of different kinds of MIS and reported to “ReportingManager” for taking care of internal Confirming statement credits outstanding in the Nostro. Clients directly Through DealingRoomFromDealer’s Pad for Direct Rates. To Check And Monitor The Forward Limits and Past Performance Limits Allotted To Corporate Clients. To Follow Up for Duplication InClaimOrForAnyErrorDone InThe Transactions. To Give Instructions For Payments Of All The Travel Card Transactions Done. Passing of Accounting Entries for Exchange Differences. To Check The Credit Received in MT950 / MT940 Statements. Forex Nostro Reconciliation Desk :

Reconciliation of Foreign Currency Non Resident (FCNR) Accounts: Reconciliation of the Statement Credits and Ledger Credits of Settlement Transactions. Reconciliation of Legacy differences in different Foreign Currencies. Uploading of all the Urbis & Finacle entries in SMART System. Reconciling of all travel card entries.

Confirming the credits outstanding in settlement books and reported to Manager. Monitoring the opening & closing balances of all Settlement statements. Daily Preparation of different kinds of MIS and reported to “ReportingManager” for taking care of internal. Computer Knowledge: -

Finacle Core Banking System.

Kondor+ forOperational work forMoneyMarket, Forex Merchant and IBG Bahrain Desk. URBIS for passing Accounting Entries forMoneyMarket and Non position entries for Forex Merchant. SMART forNostroReconciliation.

“SSR” Smart StreamReconciliationsystem.(for knowing off entries) IDMS for posting entries in Cash & Billing Accounts. SWIFT

RAPID, IS-WEB, AMEDIUS

MS-EXCEL, MS-WORD, Internet.

Education: -

Completed T.Y.B comMumbaiUniversity.

Completed Investment & Financial statement/ Equity research

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