Manan Kundalia

Strategically contribute to Balance Sheet Management, staying abreast of industry developments and shaping directional strategy

• Serve as an acknowledged authority in funding, liquidation, and transfer pricing within the Treasury department of the Cards Business
• Oversee functions including funding, investment strategies, analytics, liquidity management, interest rate risk assessment, and capital planning specifically tailored to the card business
• Gain exposure to Citi’s balance sheet and develop an understanding of data and technology infrastructure supporting liquidity reporting
• Demonstrated risk assessment and compliance with applicable laws, rules, and regulations for Liquidity, interest rate risk and transfer pricing
• Managed funding and transfer pricing for various products with loan balances exceeding $160 billion in Branded Cards, optimizing cost of funds and third-party revenue
• Provided strategic input for Net Interest Income (NII) slides for CFO review, analyzing interest rate impacts on cost of funds and third-party revenue to support earnings projections
• Conducted risk assessments including Interest Rate Risk (IRR) and Economic Value of Equity (EVE) analysis, collaborating with business and finance partners to define short and long-term funding strategies
• Represented Treasury in evaluating liquidity risk for new product initiatives, assessing operational, reputational, legal, and compliance risks to ensure sound decision-making
• Aligned partner and internal cost of funds for partner contracts, optimizing pricing strategies and forecasting cost of funds for pipeline deals
• Managed CitiFTP system output for monthly cost of funds, providing detailed summaries for stakeholders including Business CFO and LFO to inform financial decision-making
• Assess risk for business decisions, prioritize the firm's reputation, ensure compliance with applicable laws and regulations, adhere to policy, apply sound ethical judgment, and manage and report control issues transparently
• Partnered with Finance and Analytics to manage financial plans and forecasts, reporting on key initiatives
• Managed controls, identified areas for process improvements, and led audit and compliance efforts
• Created impactful communications and presentations for senior leadership and various audiences
• Drove employee engagement, team meetings, and alignment of business priorities and managed people-related duties including headcount reporting and budgeting.

• Led team for ICG Operations and Technology (O&T) allocations and Global Coordinator of Inter Business Cost Allocation totaling $12 billion, designing and driving processes
• Collaborated with regional and product teams to procure allocation percentages, ensuring compliance with corporate tax mandates and optimizing resource allocations
• Managed settlements of transactions based on legal entity set-up, ensuring accurate financial reporting and compliance with regulatory requirements
• Tracked allocations from Global Functions to ICG in forecasts and actuals, challenging rationale to optimize resource utilization and budget allocation
• Prepared Management Information System (MIS) reports and reviewed material for ICG CFO, analyzing revenue trends by sub-product and deriving commentary based on key revenue drivers and economic/political conditions.

• Performed management accounting tasks on a monthly basis, ensuring alignment with country finance partners
• Conducted variance analysis comparing actual results with forecasts, incorporating client-specific information
• Analyzed trends across multiple months to provide valuable inputs for regional forecasting and Financial Planning & Analysis (FP&A)
• Reconciled revenue figures between local and global reporting systems, ensuring data integrity and consistency across platforms

Short Term Assignment in Hong Kong (2015):

• Facilitated the smooth transition of Japan revenue reporting and analysis responsibilities from Hong Kong to Mumbai
• Recognized twice with Spot Awards for outstanding performance and contributions to standardization initiatives
• Developed a deep understanding of management reporting processes, internal systems, and led process enhancement implementations.

• Monitored the Weekly Revenue dashboard and analyze weekly variances and trends for the Global Foreign Exchange and Global Liquidity Management business within the Institutional Client Group (ICG), primarily using scorecards
• Provided detailed weekly revenue reports for the product, breaking down data at a granular level by desk and trader, and highlight major market drivers compared to the forecast
• Prepared Executive Management Reports with in-depth analysis of variances across various scenarios
• Managed the organizational hierarchy for ICG products and collaborate with the SAP team to implement functional changes in internal systems quarterly
• Conducted month-end analysis of the General Ledger and perform necessary reclassifications as required

Short Term Assignment in London (2014):

• Facilitated the smooth transition of 0.7 Full-Time Equivalent (FTE) from London to Mumbai
• Validated Daily Revenue and assumed the Finance Lead role for approving Daily Profit and Loss (P&L) statements in Hyperion (Global reporting system), including variance explanations (served as a torchbearer in initiating processes for the Mumbai FP&A team)
• Managed and approved various central charges allocated to the business, developing methodologies based on charge types
• Coordinated with Business Managers, trading desks, Finance Directors for approvals, and reallocated charges to sub-business units
• Engaged in daily interactions with Risk and P&L teams, Finance Directors, and Managers to ensure control and booking of P&L and management charges
• Coordinated efforts with the Risk P&L and Controllers team to reconcile Ledger and DART (Essbase or Hyperion, Global reporting system)
• Managed and coordinated Internal Audit requirements effectively.

• Prepared and filed Income Tax Returns for individuals and partnership firms
• Conducted an audit of Sales Tax Returns for a Construction Company (Well-done Construction, a supplier of L&T India)
• Conducted Statutory Bank Branch Audit for State Bank of Hyderabad, including verification of all Accounts Receivable (AR) reports, preparation of Long Form Audit Report (LFAR), Audit Report, and analysis of Loans and Advances to ensure compliance with RBI instructions on Non-Performing Assets (NPA)
• Reported and addressed queries to the Bank during the audit process.