Finance Team Leader (Hedge Fund Accountant)
Northern Trust
Total years of experience :9 years, 3 Months
People Management
● Conducting regular one to one meetings to provide timely feedback to all the Direct Reports.
● Conducting performance appraisals.
● Team capacity planning in terms of managing work allocation and also on leaves planning
● Ensuring the team members are able to meet their professional as well as personal growth through career developmental plan
● Coordinating with the onshore team on Migrations.
Process Management
● Preparation of Operating expenses schedule as per the client budget or estimate and updating the expense journal entries on PeopleSoft System/Application
● Preparation of capital activity schedules relating to Subscriptions and Redemptions
● Preparation of Due To/Due From schedules reflecting the intercompany payments
● Preparation of NAV package in the format agreed by the clients
● Allocation of NAV to the feeders in case of Master feeder structure for Hedge funds and Private Equity funds
● Booking of Management and Incentive fees provided by Investor Accounting team
● Training new members in the team and review of work done by team members.
● Assisting in Year End Audit activity for Hedge fund Clients, preparing Audit Reports - Financial Statements (FS)
Job Profile:
● Reviewing of monthly Management Accounts
● Bookkeeping and support provided to the Home Location on this area for the funds requested
● Authorizing Payments and transfers on the Invoices received. Providing weekly cash reports to the clients
● NAV calculation of the Property funds held - Quarterly Valuations.
● Reviewing of Financial Statements consisting of Income Statement, Balance Sheet, Statement of Net Assets, Cash Flow Statements and Notes
● Bookkeeping of the Invoices Receipt and Payments
● Handling the team in the absence of the Team leader
● Main point of contact for Guernsey Funds and providing updates on the weekly call with Home location
Area of Expertise:
● Preparing Financial Statements, Reports and Accounts to the clients and shareholders.
● Analyzing business and geographic segment information of all the companies domiciled in UK.
● Knowledge on UK Financial reporting standards (UK GAAP), and basic understanding financial databases like Bloomberg, FTS and Enterprise.
● Handling the UK Tax team Bangalore.
● Handling the Monthly Accounts Reconciliation team in support to London NAV.
Job Profile:
● Income strip Activity beginning of every month for the fund going ExDate.
● Authorising the preparation and completion of accounts and reconciliation of cash balances.
● Matching the records and holdings with the Trustee certificate.
● Liase with Tax team for taxing of the fund and with auditors for rate clearance on the distributions.
● Preparation of the financial statements for the clients in accordance to IMA SORP Standards which includes Portfolio Statements, Statement of Net Assets, Statement of Change in Net Asset Shareholders/Unitholders, Balance Sheet and Distribution Tables.
● Proofing (Long forms & Short Reports) of Accounts prepared into company annual and semi-annual reports showing the performance and the holding of the funds for the shareholders
● Providing the Reports to the Shareholders within the timeframe setup.
● Preparation of Distribution letters at the paydate of the fund to provide distributions and re-investment amounts to the Trustees.
● Preparation of Journal logs for the adjustments relating to expenses and dividends.
● Reviewing the Tax calculated over the income of the fund is correct and proper procedures and checks has been incorporated
● Reviewing Special dividends for income or capital treatment and providing the information to the Corporate action team.
● Training new hires in understand the process.
● Handling client and auditor specific queries on the funds provided.
● Analyzing & Reconciliation of the books of accounts prepared by subordinates.
● Planning on the workforce and deadlines involved in the preparation of Aggregate accounts.
● Monitoring the productivity of the process & suggesting improvements.
● Facilitate the accurate and timely submission of reports and funds transfer to investors as specified in the servicing agreement.
● Assisting NAV teams in the Journal Log postings.
Role: Senior Financial Reporting Analyst (since August 2012)
Responsibilities: • Income strip Activity beginning of every month for the fund going ExDate.
• Authorising the preparation and completion of accounts and reconciliation of cash balances.
• Matching the records and holdings with the Trustee certificate.
• Liase with Tax team for taxing of the fund and with auditors for rate clearance on the distributions.
• Preparation of the financial statements for the clients according to IMA SORP Standards which includes Portfolio Statements, Statement of Net Assets, Statement of Change in Net Asset Shareholders/Unitholders, Balance Sheet and Distribution Tables.
• Proofing (Long forms & Short Reports) of Accounts prepared into company annual and semi-annual reports showing the performance and the holding of the funds for the shareholders
• Providing the Reports to the Shareholders within the timeframe setup.
• Preparation of Distribution letters at the paydate of the fund dispaying distributions and re-investment amounts to the Trustees.
Additional Responsibilities: • Assisting new joinees to understand the process.
• Co-ordinating and Handling Aggregate funds and accounts
• Preparation of Journal Log showing the confirmed Distribution.
• Expense Analysis on the expenses and income of the fund
• Special Dividend and Amortisation for Index linked Bonds check for Funds before ExDate.
• DTP (Desktop Publishings) shell creations on Microsoft Excel and Word.
Projects undertaken: • A Research study on "Relocation Companies" and on "Airport Arrivals & Its Impact on the Hotels" for the Hotel The Leela Palace, Bangalore
• A study on "Front Office Management" at the Hotel St.Marks, Bangalore.
• A specialization study on "Guest Satisfaction" at the Hotel The Taj West End, Bangalore
• Organizational study on the company "PharmArc"
• Cultural Co-ordinator for the team at Northern Trust.
• Won 2nd Place in Marketing Competition at the M.P Birla Institute of Management, Bangalore
• Finalist at Marketing event at ICFAI college, Bangalore
• Christian Skit writer at the church events.
Company: Northern Operating Services Pvt Ltd.
April 2010 - Till Date