Samhitha Akula
Northyork,ON
Summary
Highly focused and results-driven professional with over 5+ years of demonstrated expertise in Fund Accounting, proficient in Asset Management. Currently pursuing a Post Graduate Certification Program in Business Management at Canadore College, North Bay, Canada. I am actively looking forward to securing an internship in the fields of Business Management or Financial Analysis.
Overview
5
5
years of professional experience
Work History
Lead Fund Accountant
State Street Corporation
Hyderabad, India
06.2018 - 08.2023
- Coordinated with various upstream teams (Global Trade Processing Team, Income Team, Derivatives team, Client Service, and Asset Management Services Team) to provide accurate Net Asset Value signoff to clients
- Calculated monthly Net Asset Value for pension funds, meticulously verifying trade and cash activity
- Conducted reviews of trades posted in the funds, ensuring accuracy and compliance with Custody
- Performed monthly reconciliations of accounting cash activity with custody cash activity
- Processed trades for Fund of Funds (FoF) based on details from the Investment Manager
- Reviewed income receivable setup on funds with custody to maintain precise records
- Conducted monthly reconciliations of security positions between Accounting and Investment Management before providing Net Asset Value (NAV) to Investment Management
- Efficiently managed cash flow, including contributions, withdrawals, and internal transfers between funds
- Ensured precise reconciliation of derivatives' trading activity with broker statements and Cash at broker
- Priced the FoF using Market value provided by Investment Management team to reflect accurate Net Asset Value for each fund monthly
- Provided comprehensive NAV summaries to clients on a Quarterly, Semi-Annual, and Annual basis
- Collaborated with OCR teams, ensuring timely clearance of cash breaks and smooth operations
- Contributed to significant projects like Price Automation, saving 40-50 hours of team time monthly
- Recognized with multiple Employee of the Month awards for task automation and exceptional contributions
- Assumed responsibility for training new team members and proficiently troubleshooting their queries
- Employee Of the Year Award for efforts in transforming checks and onboarding the client 2023
- Was on the Best Performing Team of the Quarter Q1, 2023
- Bravo Applause Award 2022
- Star Performer of the Month October, 2022
- Outstanding Performance Awards 2021, 2022, 2023
- Bravo Appreciation Award 2021
- Team Excellence Award 2020
- Certificate of Appreciation Q1, 2019
- Shining Star Performer in Fund Accounting 2019
Education
Post Graduate Program - Business Management
Canadore College
North Bay, Ontario12.2024
Accounting
Seneca College of Applied Arts And Technology
North York, ON12-2024
Bachelor of Commerce - Computers
Osmania University
Hyderabad, India04.2018
Skills
- Microsoft Excel
- Microsoft Word
- Microsoft Outlook
- Fund Accounting
- Investment Management
- Financial Analysis
- Risk Analysis
- Analytical Problem Solving
- Statistical Inferencing
- Project Management
- Business Communication
- Conflict Resolution
- Teamwork
- Leadership
- Adaptability
- Decision Making
Coursework
- Advanced Business Processes, Canadore College, North Bay, Ontario, Fall 2023, Acquired in-depth knowledge of various methods for analyzing business processes and understanding business requirements. Gained practical experience in conducting business process analysis and developing recommendations for process improvements, resulting in increased efficiency and effectiveness.
- Financial Analysis, Canadore College, North Bay, Ontario, Fall 2023, Applied knowledge of financial statements to create comprehensive spreadsheet models for analyzing income statements, balance sheets, and cash budgets. Automated time-value of money calculations, ratio analysis, financial forecasting, and break-even analysis through the design and development of advanced spreadsheet models.
Professionalachievements
- Employee Of the Year Award for efforts in transforming checks and onboarding the client, 2023
- Best Performing Team of the Quarter, Q1, 2023
- Bravo Applause Award, 2022
- Star Performer of the Month, 10/2022
- Outstanding Performance Awards, 2021, 2022, 2023
- Bravo Appreciation Award, 2021
- Team Excellence Award, 2020
- Certificate of Appreciation, Q1, 2019
- Shining Star Performer in Fund Accounting, 2019
Languages
- Fluent English
- Conversational Hindi
- Fluent Telugu
Hobbies and Interests
- Fashion Blogging
- Content Creation
Timeline
Lead Fund Accountant
State Street Corporation
06.2018 - 08.2023
Post Graduate Program - Business Management
Canadore College
Accounting
Seneca College of Applied Arts And Technology
Bachelor of Commerce - Computers
Osmania University
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