Swapnil Rane

About Swapnil Rane

Key Responsibilities in Fund Accounting: Calculation of Daily and Monthly NAV in accordance with policies and procedures to ensure that the NAV (Net Asset Value) of funds is accurate. Reconciliation Trade, Cash and Position Reconciliation on daily basis. Reviewing and approving Investor Statements. Preparation of Daily MIS on outstanding breaks and send across to Management. Communicating breaks or issues with other verticals. Managing a team of 10+. Planning and execution of daily, month end and year end process. Involved in reviews of NAV pack for releasing dealable NAV’s as an independent administrator. Involved in reviews of interim and year-end financial statements based on US GAAP and IFRS reporting. Preparing and reviewing regulatory filings for US based Hedge funds & Irish funds, including Board reports, Monthly NAV returns, and Quarterly OFI 1 reports. Leading and handling Financial Reporting from last three years. Handling and liaising with PwC (Florida & Dublin) on Financial Reporting issues. Specialties: Trade, cash and position reconciliation NAV calculation & Financial Reporting

Experience

1. Assistant Vice President

   J.P. Morgan

   Feb 2020 — Present · Mumbai, IN

   Financial Reporting - IFRS/US GAAP & Australian Accounting Standards Sydney Financial Reporting: • Reviewing financial statements in compliance with IFRS & Australian Accounting Standards, Income Tax Returns and Business Activity Statements for Australian Listed Mutual Funds, Super Annuation Funds and Unit Trusts. • Review of Distributable Taxable Income for Unit trust clients as per Australian Tax laws. • Planning, client deliverables timetabling, liaising with internal departments, troubleshooting, process improvements, developing preparers, UDT maintenance, making statutory filings, audit query management, client query management. • Responsible for recertification of standard operating procedures, client specific cheat sheets with the partner locations and attesting them with Risk & Operational Control Management Team. • Successfully handle Client head responsibility for Blueprint client and coordinate daily with Partner locations for client deliverables. • Responsible for tracking daily performance of the team, allocating monthly deliverable task to the team, conduct root cause analysis to eliminate errors. • Arriving at Indirect Cost Ratio and comparing it with benchmark. Deriving justifications in case of any variances. • Documenting all client nuances and conducting training sessions with the team. Conducting root cause analysis for any errors and driving sessions to reduce the knowledge gap in the team.

Education

• LALA LAJPATRAI INSTITUTE OF MANAGEMENT

  MASTER IN FINANCIAL MANAGEMENT, FINANCE

  2009 — 2012

• University of Mumbai

  Master in Financial Management, Business/Commerce, General

  1999 — 2002