Abhijeet Sankapal

About Abhijeet Sankapal

6 Years of Experience in Fund Accounting- Reconciliation Process expert in Mutual Funds,…

Experience

1. Consultant 2

   EY

   Aug 2021 — Present · Mumbai, IN

   Ernst & Young (EY- Consultant)August 2021 – December 20211. Experience in end-to-end reconciliation process pertaining to cash recon.2. Knowledge in matching the breaks and routing them to the responsible teams.3. Investigation and review of breaks to identify the root cause to clear at the earliest and well-versed in resolution management.4. Identify the miscellaneous payments and route them to the responsible teams5. Following up on aged breaks with the onshore team to create an offset entry to resolve the break.6. Proactive in an escalation of aged breaks and high-value trades.7. Performing daily, weekly, and monthly position recon. Ernst & Young (EY- Consultant)January 2022 – July 20221. Managing Amortization & Accretion of various kinds of bonds (Convertible, Dirty priced, inflation-linked) and updating that into the system on a daily basis.2. Income verification of fixed income securities on a periodic basis like weekly for some clients and monthly for some clients.3. Preparation of new buy file & preparation of pricing checks. Ernst & Young (EY- Consultant)August 2022 –till date1. Preparation of NAVdaily & monthly for the Mutual Fund.2. Releasing Final NAV to the client.3. Works on exceptions that are impacting NAV more than 0.05 BPS4. Verify all securities are priced correctly & research for unusual movement in the prices through Bloomberg & IDC.5. Processing of Cap stock Transaction – subscriptions and redemptions and reconciliation share differences between accounting and client data and correcting transactions if there are discrepancies6. Preparing Expense formulae and setting up as per client requirement and positing and reconciliation of expenses with offline recon7. To ensure all trades/fees/incomes/corporate actions, etc. are booked accurately to ensure accuracy while preparing the NAV calculation pack for submission to counterparts. If not, manually book the same on MCH.