Akhila Reddy
Summary
Proven expert in Financial Reporting and Client Communication, I enhanced operational efficiency and client satisfaction at State Street Financial Services by spearheading process improvements and reducing errors by 35%. My leadership also fostered team growth, improving performance metrics and ensuring compliance with financial regulations.
Overview
4
4
years of professional experience
1
1
Certification
Work History
Senior Fund Accounting Analyst
State Street Financial Services
08.2021 - 07.2023
- Finalize month-end NAV for clients, providing detailed investor level allocation reports, enhancing transparency and accuracy in financial reporting, thus boosting client confidence and satisfaction.
- Processed non-automated transactions, including OTC derivatives and related cash movements; collaborated with various financial entities to ensure smooth daily operations, significantly reducing processing time and errors by 35%.
- Liaised with investment managers, advisors, brokers, custodians, trustees, payment banks, auditors, and regulatory authorities, enhancing communication and coordination across all day-to-day operations, resulting in improved operational efficiency.
- Conducted NAV error reconciliation, prepared detailed reports for impacted investors, notified custodians, and handled regulatory works related to NAV corrections, ensuring compliance and accuracy in fund operations.
- Interacted with brokers specifically for forward net settlements and drawdown confirmations, making necessary accounting adjustments in MCH, improving financial accuracy and operational efficiency.
- Reviewed fund investment thresholds in each segment, preparing detailed reports with suggestions for any threshold breaches; proactively identified and mitigated potential issues, enhancing fund performance and compliance.
- Assisted in coordinating the end-to-end NAV finalization process, ensuring accuracy, compliance, and timely delivery, contributing to improved client satisfaction and operational excellence.
- Directed the review and preparation of capital calls, distributions, and equalizations calculations and investor allocations; optimized processes to improve efficiency by 25%, ensuring timely and accurate fund operations.
- Supervised and mentored junior staff, meticulously reviewing and signing off on their work; fostered professional growth and skill development, leading to a 15% improvement in team performance and accuracy.
- Acted as the primary day-to-day contact with clients and other fund participants, building and maintaining strong relationships, addressing queries, and providing exceptional client service, thereby enhancing client satisfaction and retention.
Hedge Fund Accountant Analyst
Apex Financial Services
01.2021 - 08.2021
- Managed accounting software PAXUS for hedge funds, fixed and equity funds, and master-feeder funds; prepared NAVs on a daily/monthly basis, ensuring accuracy and timeliness, thereby enhancing client satisfaction and operational efficiency.
- Prepared detailed cash and position reconciliations, resolved breaks, and notified clients of valid breaks; made necessary adjustments in the books, which reduced discrepancies and improved financial reporting accuracy.
- Maintained tax lots of investments and recorded investment-level transactions in the fund's books and records; ensured compliance and accuracy in reporting, enhancing the integrity of financial data.
- Reviewed portfolio pricing and analyzed exceptions, ensuring accurate pricing and valuation of assets; identified and rectified pricing anomalies, thus improving the accuracy and reliability of financial statements.
- Reviewed corporate actions booked in the system and ensured correct reflection in the books; reconciled dividends and interest with broker reports, ensuring accuracy and consistency in financial records.
- Supported global changes in key operating procedures and their implementation; collaborated with international teams to ensure seamless integration and adherence to updated protocols, improving operational consistency.
- Conducted detailed reviews and provided feedback on existing processes, identifying areas for improvement and implementing changes that enhanced efficiency and reduced error rates by 10%.
Fund Accounting Analyst
State Street Financial Services
08.2019 - 01.2021
- Utilized Multi Currency Horizon (MCH) software to process and reviewed accounting transactions such as income, expenses, and capital-based transactions.
- Posted FX transactions based on price changes and reconciled them with backup sources.
- Reviewed and reconciled trade positions with prices and cash-based transactions and resolved cash breaks as per the instructions received from the Transfer Agent data.
- Provided support during audits for fund financial statements; conducted comprehensive audit reviews, documented identified issues, and tracked them to closure, ensuring regulatory compliance and financial integrity.
- Used spreadsheets and macros to maintain and analyze daily data for the preparation and reconciliation of the data of the funds.
- Prepared daily and monthly portfolio valuation reports for clients and · maintained appropriate files on a weekly and monthly basis.
- Processed and responded to ad-hoc queries related to business processes and collaborated with internal teams for NAV data updates and final reports.
- Prioritized production to meet daily NAV filing deadlines and send the final reports for the approval to Onshore teams.
Education
Bachelors in Commerce And Computers
Osmania University
Hyderabad06.2019
Skills
Financial Analysis
Financial Reporting
Investor Relations
Fund Accounting
Performance Metrics
NAV Calculation
Portfolio Management
Process Improvement
Reconciliation
Risk Assessment
Data Analysis
Client Communication
Certification
Financial Analysis and Fundamentals from CFI
Corporate Finance and Fundamentals from CFI
Hedge Fund Accounting learnings from CFI
Timeline
Senior Fund Accounting Analyst
State Street Financial Services
08.2021 - 07.2023
Hedge Fund Accountant Analyst
Apex Financial Services
01.2021 - 08.2021
Fund Accounting Analyst
State Street Financial Services
08.2019 - 01.2021
Bachelors in Commerce And Computers
Osmania University
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