Bharat Arora
Toronto,ON
Summary
Results-driven and detail-oriented Fund Accounting Professional with 7 years of experience in the financial industry. Proven expertise in managing complex fund accounting processes, ensuring accuracy and compliance with industry standards. Adept at reconciling financial data, conducting in-depth analysis, and providing strategic insights to optimize fund performance. Demonstrated ability to collaborate with cross-functional teams and communicate effectively with stakeholders. Proficient at using complex tools and software's like Aladdin, Geneva and CRD. Seeking to leverage a comprehensive skill set to contribute to the success of a dynamic financial institution.
Overview
8
8
years of professional experience
Work History
Analyst
CIBC MELLON
Toronto, ON
12.2023 - Current
- Proficiently reconcile portfolio transactions, positions, and cash balances between the internal Investment Book of Record (IBOR) and Custodian/Fund Accounting, ensuring data accuracy and integrity using Triple’A
- Expertly handle the manual processing of corporate actions for ETF and MF accounts, including rights issued/expired, merger, delisting, exchange, stock split, and spinoff via NEXEN
- Ensure precise portfolio valuation of all financial instruments within the portfolio, employing keen analytical skills to assess individual security performance
- Serve as a valuable resource for Portfolio Managers, the Trading Desk, and other clients by conducting in-depth analyses and providing timely support to address queries
- Prepare and deliver thorough reconciliations in collaboration with custodian banks and fund accounting team to prevent or resolve NAV and performance discrepancies
- Expertise of the capital markets across a range of asset classes, including fixed income, options, equity, and OTC derivatives
- Specialize in managing complex and time-sensitive tasks, ensuring seamless coverage and resolution within a dynamic financial environment
- Conducted comprehensive process training sessions for new hires, ensuring a smooth onboarding experience and facilitating their integration into the team.
Senior Fund Accountant
STONEGATE GLOBAL FUND SERVICES
New Delhi
11.2022 - 01.2023
- Managed diverse portfolio of financial instruments, encompassing forwards, futures, swaps, options, equities, cryptocurrency, and derivatives
- Executed accurate calculations of Net Asset Value (NAV) and diligently evaluated daily reports for securities transactions, including purchases, sales, and revenue accruals, ensuring adherence to procedural guidelines for overall precision
- Conducted meticulous reconciliation of cash and investment positions in alignment with custodian, investor management, and broker records
- Implemented secondary checks at CoinMarketCap to verify and confirm the accuracy of pricing for marketable investments, ensuring a robust validation process.
Senior Associate, MOS Specialist
MUFG FUND SERVICES
Grand Cayman
01.2021 - 07.2022
- Delivered comprehensive suite of fund accounting services to intricate hedge fund clients, encompassing NAV compilation, analysis of corporate actions, security pricing verification, and meticulous reconciliation of cash and security positions
- Managed and optimized automated procedures such as trade processing, investment pricing, validation, and setup and monitoring of OTC derivatives evaluations through Geneva
- Reviewed and prepared pricing and valuations of securities, leveraging secondary data from MARKIT, Bloomberg Valuation, and IDC pricing vendors
- Executed calculations using SS&C Accounting Software, Analytics Master, in strict adherence to MUFG guidelines
- Facilitated seamless communication with custodians, brokers, and other counterparties on daily basis, addressing post-settlement trade issues promptly
- Responded promptly to ad hoc requests related to financial instruments, corporate actions, pricing and valuation, and investment reporting
- Demonstrated proficiency in integrating new clients into business operations, establishing robust working relationships, and contributing to smooth onboarding process
- Supervised, mentored, and coached team of 3 direct reports, including 2 Junior Associates and 1 Associate
- Accomplishments
- Supported application development team in creating comprehensive and integrated financial application (Appian) for expedited deliverables
- Initiated internal project to automate securities prices directly with Bloomberg, streamlining process for over 150 securities
- Led process improvement efforts, eliminating superfluous stages and boosting daily productivity by 3 hours per employee.
Analyst
BLACKROCK SERVICES INDIA PRIVATE LIMITED
Delhi
06.2018 - 01.2020
- Reviewed and prepared comprehensive daily, weekly, monthly, and quarterly risk and exposure reports, analyzing characteristics, holdings, fees, attribution, and investment data on Aladdin
- Collaborated with a diverse clientele, including retail and institutional clients such as insurance companies, custodians, and wealth and investment banking firms
- Managed a broad spectrum of reports, including standard, customized, performance, and fund reporting, ensuring accuracy and adherence to client specifications
- Facilitated the seamless onboarding of new clients, establishing robust and productive working relationships to support business growth
- Conducted detailed presentations to groups of 10-15 employees, providing insights into various reporting and distribution workflows to enhance understanding of the financial reporting process
- Accomplishments
- Spearheaded the creation of a new dashboard to generate business insights and facilitate senior management decision-making
- The dashboard included tracking report status, resulting in a 25% reduction in review time
- Utilized Report Studio software to automate several reports, saving the team 2 hours per day in manual effort.
Analyst
ERNST & YOUNG GDS INDIA PRIVATE LIMITED
Delhi
05.2016 - 06.2018
- Managed corporate clients, providing risk management advice in accordance with regulatory compliance standards set by US Securities and Exchange Commission (SEC) for Americas and EY's standard protocol for EMEIA
- Utilized Duns & Bradstreet software for identifying company business credit files, extracting firmographic data, corporate family relationships (headquarters, branches, subsidiaries, etc.), and assessing various financial health indicators through scores and ratings
- Conducted independence checks and documentation reviews on legal entities, implementing markup limits on G360 clients for audit and non-audit services
- Consulted and communicated with Engagement Teams on queries related to Global Independence System, actively soliciting information for successful completion of tree validation exercises
- Managed and mitigated risks associated with accepting new clients or engagements within ongoing audits or non-audits
- Led a team of 6-7 employees, providing guidance on problem-solving and queries, and conducting weekly training sessions
- Accomplishments
- Contributed to elimination of Excel sheets for Tracker record-keeping by assisting in Microsoft Access Tracker testing with IT team
- Developed an automated Excel form for timesheet filling, enhancing the team's efficiency in charging time on a weekly basis.
Education
Post-Graduate Diploma - Management (International Business
2016
Bachelors of Business Administration - Computer Aided Management
2014
Skills
- Data Analysis
- Variance Analysis
- Financial Reporting
- Client Relationship
- Asset Management
- Investment Reconciliation
- Geneva
- Security Master
- Import Manager
- Analytics Master
- Business Manager
- Portfolio Management
- Aladdin
- Triple`A
- Charles River
- Microsoft Office
- Bloomberg Terminal
- Stakeholder Communication
Timeline
Analyst - CIBC MELLON
12.2023 - Current
Senior Fund Accountant - STONEGATE GLOBAL FUND SERVICES
11.2022 - 01.2023
Senior Associate, MOS Specialist - MUFG FUND SERVICES
01.2021 - 07.2022
Analyst - BLACKROCK SERVICES INDIA PRIVATE LIMITED
06.2018 - 01.2020
Analyst - ERNST & YOUNG GDS INDIA PRIVATE LIMITED
05.2016 - 06.2018
Jagannath International Management School - Post-Graduate Diploma, Management (International Business
GGS Indraprastha University - Bachelors of Business Administration, Computer Aided Management
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