Ranjan Roy

Ranjan Roy Contact No: - E-Mail:-Hedge Fund & Institutional Fund Accounting, Reconciliation, Portfolio Valuation, NAV Computation, Client Query Management, Trade Processing, Operational Risk & Control, Process Migration & Transition, Registrar& transfer, People Management. COMPETENCY MATRIX Managerial Skills Strategic Planning Change Management People Management Process Excellence Quality Assurance Service Delivery Succession Planning Functional Skills Fund Accounting End to End NAV Calculation Hedge fund accounting Institutional fund accounting Reconciliation Portfolio Valuations Client Query Management Client reporting Risk Management Compliance / SOC Audit Process Migration & Transition Financial Analysis Process Budgeting to achieve revenue Market Analysis Geneva/Frontier/TLM/MCH. Bloomberg/Reuters Process optimization Personal Traits Driven to Succeed and Excel Innovative in Thoughts & Solutions Seasoned/Effective communicator Analytical Good knowledge in MS office products PROFESSIONAL ABRIDGMENT A result oriented professional with strong track-record of delivering top performance and possess large spectrum of 18 experience in Financial Markets, Fund Accounting & Administration and Process Management. A keen strategist and result-oriented leader with expertise in devising strategies aimed at enhancing overall organisational growth, sustained profitability of operations and improved business performance and worked closely with stakeholders on identifying various cost efficiency measures. Adept in handling Hedge Fund Accounting experience till declaration of Final NAV Demonstrated track record in spearheading quality enhancement initiatives like development of RPA Model and Automation Initiative for reduction of manual influence in the financial accounting. Possess sound knowledge of financial risk management best practices with significant experience in mapping business requirements, designing customised solutions with strong analytical skills and ability to analyze business practices. A resourceful fund accountantwith an eagle’s eye in overseeing correct End of Day NAV and Start of the Day Cash Balance to clients. Demonstrated abilities in handling Accounting and Valuation and computing the final NAV for Centre of Excellence (CoE) Worked as key resource in migration for HSBC,CITI,JP Morgan and State Street for migrating hedge fund and institutional fund accounting process - APAC and EMEA At ease with the delivery of difficult mandates under tight deadlines. EXPERIENCE CHRONOLOGY CITCO Financial Services - Pune Dec’19 – Dec’20 Designation : Vice President- Middle Office (Hedge Fund) Responsible for reconciliation of Fund Accounting data to external/ internal Custodians, Prime Brokers, Transfer Agents or Counterparties for Fund Accounting and Investment Middle Office Services clients Supervision of accurate and timely delivery of reconciliation outputs within the agreed SLA  Act as escalation point & ensure timely and appropriate escalation of actual/ potential delays and issues with the Supervisors and Management Managing high end clients across multiple jurisdictions and geographies and establishing permanent and sustainable business relations with these strategic clients Acting as a Program lead for a large transformation initiative ideally with some banking or capital markets experience Ensures daily performance of accounting functions, meets expectations / SLA's of existing client/partner base and is properly monitored and controlled within audit standards and risk thresholds Focussing on execution of strategic direction of business function activities Be a primary escalation point for escalation of all issues, service updates and progress updates for the client Displays a balanced, cross-functional perspective, liaising with the business to improve efficiency, effectiveness and productivity Assures policies, processes and procedures are properly documented and are being routinely followed Managing entire migration from all over the globe and planning of required staffing and allocation of client State Street Corporation - Bangalore Jan’18 – Sep’ 19 Designation :Assistant Vice President( Fund accounting) Serves as a source of technical information to answer and assist with APAC and EMEA client questions regarding: Transitioned 10 client valuations of institutional funds (End to End) to Bangalore office from Poland for EMEA region. Transitioned 32 Client valuations of Insititutional funds(End to End) to Bangalore office from Hangzhou for APAC region. Interpreted bank data to complete daily cash and asset reconciliations for each fund. Developed a robust Exception Methodology to address all aged Cash and Position breaks on daily basis. Communicated with external/internal clients daily to resolve discrepancies with transfer agent's and custodians records. Maintained monthly supporting schedules for all outstanding items, as well other records required for fund audits as required. Prepared monthly accounting control reports. Assisted accountants to meet daily deadlines. Managed weekly and month end NAV allocation closing process and calculated fees/expenses as well as provide an overview of the fund to the client. Ensured timely and accurate processing of subscriptions and redemptions to client portfolios. Ensured accruals are being checked and properly posting to the portfolios on a daily basis. Relationship manager for global clients approximately $15 billion in AUM. Manages a staff of 54 individuals at various levels to ensure execution of daily, monthly and weekly NAV. Quality control evaluator, implementing various controls and process to reduce risk and enhance efficiencies Managed interim and final audits and served as point person to client’s auditor Trained staffs on products, hedge fund and Mutual fund structure and working flow. Prepared monthly, quarterly and annual Audit Reports Specialized in domestic open-end and closed-end mutual funds investing in term loans, corporate bonds, municipal bonds, equities, credit default swaps, interest rate swaps, futures and options Ensuring proper impact check done on fund holdings through price variance reports to ensure proper unrealized/realized Gain/loss is generated. Managed multi location stack holders from Luxembourg, Poland and Hangzhou. Responsible for internal and external audit. Responsible for yearly appraisal and budgeting of entire team. Involved in various projects like- Robotics, process optimization, Global cost Efficiency ,Beacon tools J P Morgan & Chase- Bangalore Oct’15 – Jan’ 18 Designation :Assistant Vice President( Hedge Fund accounting) Managed entire Fund of hedge fund from Ireland and Luxemburg. Managed entire migration of the Fund of Hedge fund process from onshore -Luxemberg, Ireland and from offshore Manila. Managed a staff of 32 individuals at various levels. Control check of Expense, LPs and Income along with all NAV based and Non NAV based fees. Managing E2E Fund Accounting Operations which entails NAV Validation and Reporting for Global Client operations. Analysing corporate actions and other reconciliation breaks using Bloomberg -Trade Accounting – for all types of financial instruments. Booking of accrued income and expense on daily basis, input and reconciliation cash flow in and out of the accounts. Income/ Expenses processing. Managed Hedge Fund & Fund of Funds Portfolios for Clients – Security & Fund Services – EMEA Operations. Performed Deep Dive valuation on NAV reconciliation across client portfolios on NAVs’ breaching 10 bps. Reporting and Query Management of clients. Exposed to Geneva (Accounting Module), Work Flow Exception Management (WEM) and Recon Frontier. Performance appraisals of Managers / Assistant Managers’ (semi-annual / annual) along with monthly BSC discussions. Leadership/Cost Saving Initiatives Taken: Vendor Management and Process efficiency– reduction of rework items and elimination of lean waste. Introduced Robotics in FOF process. Creation of Loader files (Write offs, Dr/ Cr, Fees, Interest, Reversal, Spots, Sweep, Tax Reclaim) for automatic loading of transactions into the accounting system. Conceived and implemented SQL checks and EUCs for better operational control. Syntel Financial Services – MumbaiAug’14 – Oct’15 Designation: Ops Manager( Fund accounting) Leading a team of 95 which includes Manager,Asst manager, Deputy Manager and other team members. Managing the UK fund accounting of institutional clients. Resourcing and capacity planning including screening/interviewing of prospective candidates (internal and external both) Detailed presentation to the Business partner on the performance of the team and highlighting any foreseen challenges in future. Review and identify process defects and develop controls (e.g. SLA tracking, Error logging, Data capturing, performance monitoring, Onsite reporting, verify BCP requirements) as required by the business. Fund Accounting process involves : Pricing the portfolio and carrying out vendor to vendor (Bloomberg & Reuters) tolerance check. Corporate action checks and its impact on the overall portfolio. Stock reconciliation of the holding with the trade files/contract note & the MCH platform. Cash reconciliation between the MCH system and the live bank account. Reconciliation of Due to/from Broker between MCH and Custody reports. Reconciliation of Due to/from Unit Holders between MCH and TA report. Reconciliation and posting of Income & expenses for the fund. Carrying out a detailed analysis between NAV from Balance sheet and one day movement from PL perspective before delivering the final NAV to the jurisdiction. Citi Corp Services India Ltd., GurgaonNov’12 – Jul’14 Designation : Assistant Manager ( Fund accounting) Managed entire Portfolio Valuation & Reconciliation of Cash, Stock & Collaterals between Custody / Prime broker and Accounting Records. Leading the Hedge Fund accounting team of 25 Employees which includes 5 SMEs, 10 Sr. Analyst and 10 Analysts. Responsible for a team of associates responsible for the fund and partnership accounting for Hedge Funds. Responsible for employee interviews, development and evaluations. Responsible for leading projects intended to optimize operational efficiency and improve quality. Managing Hedge funds from North America region for Daily, Monthly, Quarterly and other periodic activities. Understand and manage client expectations in conjunction with onshore team. Create, evaluate and revise operational standards. Responsible for FTE estimation for any new/existing project. Provide associates with objectives, hold regular one on one performance feedback meetings. Maintain a controlled operating environment that complies with operational standards. Work with associates, prime brokers, custodians, auditors and other third parties to ensure that all fund issues are being appropriately addressed. Review of all the Custody Position reconciliation, 3 way reconciliation, dividend reconciliation and all other various reconciliation needed to compute NAV. Review of all the interest accrual calculations for all OTC instruments Accumulation and summarization of portfolio activity from the funds' investment manager, banks, custodians and underlying fund administrators Involved in fund’s capital & expense calculations, GAV package HSBC Electronics Data Processing India Pvt. Ltd., Kolkata Jan’07 – Oct’12 Designation:Assistant Manager( Fund Accounting) Responsible for all the process related trainings and planning of the same Responsible for Pricing of Fixed Income securities, Right issues, Futures, Options. Responsible for Pricing of Unlisted securities. Review and Quality checking of all the daily NAV funds . Review of the fund-Trade verification, position reconciliation, pricing of securities, capital activities, income and expenses, daily accruals etc. and all other activities required for NAV valuation Performing pre valuation checks which include the checking of missing prices and correct prices, Correct Trade booked, ensuring of correct cash reconciliation and holding reconciliation and Fx reconciliation. Performing post valuation checks which include Price, Subs/Reds, Accrued Interest Movement, Transaction report, Corp Responsible for all the process related trainings and planning of the same Managed a team of 9 people, ensuring that the department objectives are achieved and develop and enthusiastic and motivated team. Managed the allocated resources, ensuring that they develop relevant skills and maximize their contribution to business. Single headedly managed entire migration of Singapore fund accounting. Travelled Singapore for 3 months. Achieved three times best employee award( monthly). Involved in migration of Hedge fund accounting from Kolkata to Hyderabad GSC. Karvy Computershare Pvt Ltd, Hyderabad Jun’05 – Dec’06 Designation:Process Executive( R&T) Various subscription and redemption process, Transaction processing, Dividend Processing, SIP processing. Importing of NAV into system application after getting form AMC. Reconciliation of reports generated at various level of operational areas, which in turn helps the NAV declaration. To run Invest Pay Process to generate the funding control for the day To prepare the payment feed and upload into AMC server thru U2U software and through RTGS. To process the distributed surplus (Dividend) as enhanced by the AMC for the particular record date. Computer Age Management Services Pvt Ltd, ChennaiApr’04 – Jun’05 Designation:Processing Officer(R&T) Various redemption process, Transaction Processing, Funding and Redemption Reconciliation for the Mutual fund AMC companies from India (UTI, Principal MF etc). Processing of Systematic Investment Plan (SIPS) and STP process. Importing of NAV into system application after getting form AMC. Reconciliation of reports generated at various level of operational areas, which in turn helps the NAV declaration. To run Invest Pay Process to generate the funding control for the day To prepare the payment feed and upload into AMC server thru U2U software and through RTGS. To process the distributed surplus (Dividend) as enhanced by the AMC for the particular record date. ACADEMIC CREDENTIALS Bachelor in Commerce from Chatrapati Sahuji Maharaj University, Kanpur IT FORTE Conversant with MS Office Tools (Word, Excel, PowerPoint) Geneva, Multifonds, Enterprise & Recon Frontier Applications, TLM Achievements Visited SINGAPORE Jurisdiction of HSBC securities for a period of 2 months (Sept 2010), with assignment of migration of daily NAV process of Traditional funds from Singapore Visited HSBC Hyderabad on 2008 for setting up of HSS process of Hedge Fund reconciliation. Involved in training and system set up. Star performer award in HSBC for the month of July 2007, July 2009, May 2010 and February 2011. Successfully migrated one of the most critical fund groups in CITI from New Jersey to Gurgaon office with 100% accuracy. Successfully migrated one of the most critical FOF process in JP Morgan from Ireland to Bangalore office with 100% accuracy. Successfully migrated near about 80 Clients in State Street from multi Location to Bangalore office with 100% accuracy. PERSONAL DOSSIER Date of Birth:8h November 1970 Present Address:Dev Exotica Coop Housing Society, Flat #A-901 Kharadi By pass Road Kharadi, Pune 411014 Permanent Address:Amar Padma Appts, AB-5, Deshbandhu Nagar,School Para Baguiati,Kolkata 700059.