Bharat Karia

Work History

Work History
Jan 2012 - Present

Assistant Manager/Team Leader

State Street Syntel Services Pvt. Ltd.
  1. End-to-end corporate action event life cycle across cash, non-cash and elective events for all equity and fixed income securities traded by the bank
  2. Withholding tax and associated internal reporting obligations
  3. Processing client elections, entitlements and counterparty claims
  4. Interacting with external agents; custodians, clearers and depositories
  5. Responding to queries from middle-office, finance and other interested parties
  6. Developing reporting automation solutions through use of Macros
  7. Generating operational reports needed by the business and stakeholder
  8. Accounting and Reconciliation of Cash Dividends, Amortizations, Fixed Income, Tax reclaims, Income Accruals between the Client and Custody Records
  9. Weekly MIS reporting and handling of funds which directly impacts the NAV of the client
  10. Leading the project of transferring the current process from the old system (legacy) to the new (Enterprise)
  11. Successfully migrated a new project of New York Corporate Actions to Mumbai which involves project planning, knowledge transfer, training, access generation, tracking of Green Light Criteria and daily calls with the Oversight team
  12. Daily performance of parallel testing between the old and new systems
  13. Managing a team of 8 members and providing training\motivation to the new and existing employees
Jun 2008 - Jul 2010

Fund Accountant Associate

J.P. Morgan Chase & Co.
  1. Handling the Reconciliations of Mutual Funds German\ Non- German Clients which include Fixed Income funds, Direct Investment funds, Third Party Funds, Equities etc.
  2. Asset reconciliations- Processing of Trades, Internal & Third Party Time Deposits
  3. Updating daily MIS & Scorecard which portrays the details of total no. of the funds delivered daily, weekly and monthly
  4. Reconciliation of Bonds and Mortgage Backed Securities
  5. Cash Reconciliations- Incomes and Expenses
  6. Knowledge on Impact of NAV impacting items
  7. Spot and Forward FX reconciliation
  8. Constant contacts with the Product Service Group, Fund and Asset Managers and Client Services Department
  9. Trained new employees, managers and AVP’s during process migrations

Skills

Skills

Fund Accounting

Scrubbing, Response Management and Processing of Corporate Actions. Research and Processing for Fixed Income and Equity Income. Review and Processing of Trades Review of Exchange rate and Processing of Foreign Exchange Review of Tax treaties and Processing of Taxes on Income

Team Management

Effeciently handling a team of 9 employees for the Process of Corporate Actions and Income.  Maintaining 0% attrition since April 2013.

Communication

Carrying excellent Communication skills and represented the Vertical during External Audits and Client Visits.

Project Management

Worked as a Project Manager With State Street Syntel Services Pvt. Ltd. which involved setting up new and upcoming processes within the Joint Venture

Education

Education
Sep 2010 - Oct 2011

MBA

Coventry University, UK

Achieved Merit 2:1 in all semesters

Jun 2005 - Apr 2008

B.Com

Jai Hind College

Achieved Distinction Results (77%)