Jay Vadera Email & Phone Number

Monitoring and reviewing the deliverables and managing client relationships involving interaction with client and managementActively participating in various projects and getting those implemented within the team.Ensuring all breaks are actioned and resolved on timely manner and pre-agreed internal and external deadlines are met consistently.Assisting team members by providing training, setting goals, and monitoring their performance.Liaising with other internal departments for getting ideas for process improvement and efficient deliverables to client.

Key point of contact for any issues/break resolution within the team.Solely responsible for handling team working on Equity Swap Reset Recons.Performing & reviewing reconciliations i.e., cash, position, trade for various products.Scheduling regular calls with client and working closely with them for break resolution or any other issues which they highlight.Took responsibility of implementing various process changes intimated by client.Preparing daily tracker, logging the issues & discussing with team, providing ways to improve in ensuring quality & timely deliverables.Managing leaves for the team considering work life balance.

Working on various daily and monthly reconciliations i.e. cash, position, trade, dividend income expense.Provide training to new joiners with regards to the above recons and also making them well verse with various internal systems.Continually working on automation of all these recons so that there is no manual intervention required.Working on monthly reset recons of equity swaps and subsequently working on One Sided Recon to ensure any backdated changes in any swap security is captured and resolved.Preparing SOPs and updating them with any change in process communicated by client.

Preparing Month End, Weekly and Daily NAVs to client on predefined deadlines.Providing daily estimated Profit and loss, Portfolio valuation based on daily trading by fund managers.Reconciliation of Trading Advisor and Prime broker data on daily basisAnalysing and Investigating Price variance, Daily Profit & Loss (P&L), Month to Date (MTD) P&L and Portfolio Valuation Reports on a daily basis before release of the same to the Fund i.e., Client officeInvestigation of Corporate actions and giving proper effect for the same like Stock split, Merger & Acquisition, Bonus issues, Rights issues, Dividend etc., in Geneva.Analysing differences in trade, cash, position with Fund manager, Prime broker and take the necessary steps to resolve the same Issuing NAV packages to client on timely basis i.e., on strict deadlinesInteracting with Portfolio managers and Prime brokers via Phone and E-mail for resolution of their queries related to fund’s activitiesResolving Client queries as calculation of NAV, fees calculations, breaks, etc.

Prepared ‘account work instructions’ of all the balance sheet items after understanding the current process followed from the accounting team of the client.Helped my senior in preparing evidence file formats of all balance sheet items which needs to be followed every month for reconciliation of balance sheet items.Reviewing monthly evidence files of all balance sheet items and ensure that GL balance matches with the Trial Balance.

Helped client with the transition of General Partner’s role of a Real Estate Fund.Supporting client in bookkeeping and finance function.Had discussions with the auditors and closed the audit of the Fund.Preparing Financial Statements, partners’ capital account and unfunded commitment schedule on quarterly basis.Preparing management fees calculation on semi - annual basis.

Maintaining Investors register and doing KYC of new investors as per SEBI guidelines.Monitoring and recording all the transactions of the fund as and when occurred.Reconciling book and bank balances of the fund on monthly basis.Preparing calculations of Capital Calls for Management Fees and Investments to be made.Preparing Quarterly investors statements / statement of accounts for sending it to investors.Preparing PE information, PE income and provisions reports on a monthly basis to send it to the Investment Manager.Calculate and making payment of advance tax on quarterly basis.Calculation of unaudited and audited NAV on quarterly and yearly basis.Analyzing Financials statements like Balance Sheet, P&L and cash flows on quarterly and yearly basis.Participate in internal and statutory audit of the fund.

Daily booking all cash activities and capital accounts received from the underlying funds into Investran and ensure that the book cash balances agrees with the bank balances.Monitoring and analyzing cash to determine if capital call or distribution is necessary. Preparing allocation schedule and drafting capital call notice/distribution letter to partners.Weekly and Monthly reconciliation of all bank accounts with Investran.Analyzing the portfolio of the funds and comparing the quarterly returns.Preparing management fee calculation, updating accrued expense schedule and reconcile with payments.Every quarter calculating NAV and analyze financial statement such as Balance sheet, Income statement, Partners Capital, Schedule of investmentsPreparing audited financial statements annually for review.Responsible for training of new recruits/team members.

Worked on Pension Fund for State Street Bank (Boston U.S) which is JV with Syntel.Handling cash activity of client e.g. Wire In (Money comes in fund) & Wire Out (Money flows out from fund).Booking Trades of buy & sale for Short & Long Term.Pricing the Equity, Commingled and Derivative securities for long and short.Fixed the interest for Stiff Securities.Solving Income Verifications on diff. parameters (Basis, Frequency, Fixed or Variables), and checking fund accruals.Doing audit during the month end.Solving the exception regularly & follow up with the discrepancy.Received 3 awards for employee of the quarter in Cognizant Technology Solutions. Received 2 awards at Intertrust for managing & improving timelines of recon delivery.. Well versed with MS Office (MS- Word, Excel & PowerPoint) & Internet.

Master, Finance

Bachelor, Com (Banking & Insurance)

Secondary Certificate