Summary
Overview
Work History
Education
Skills
Software
Accomplishments
Timeline
Hi, I’m

Shiva Kumar

Fund Operations / Accounting
Juffair,Bahrain
Shiva Kumar

Summary

Highly accomplished individual with Fund Operations, Accounting, Finance and Leadership skills offering more than 10 years of extensive experience in Financial Services/Banking Sector. Currently associated with The Family Office Co BSC©.

Overview

19
years of professional experience
6
years of post-secondary education
1
Language

Work History

The Family Office Co. BSC(c)
Manama, Bahrain

Fund Operations Manager
03.2012 - Current

Job overview

  • Instrumental in setting up new banking relationship for all funds managed by the firm
  • Played pivotal role in migration to new client reporting system
  • Appointment of fund administrator and transition
  • Maintained energy and enthusiasm in fast-paced environment.
  • Improved operations through consistent hard work and dedication.
  • Monitoring of fund administration activities outsourced to an independent fund administrator.
  • Assisting Legal and Portfolio Managers in structuring of Special Purpose Vehicles in Cayman Islands for investing in PE, Real Estate and other alternative investments.
  • Managing the relationship with various banks and setting up bank accounts for SPVs.
  • Preparation of MIS reports and regulatory reporting which includes filing of quarterly and annual returns with CIMA and Central Bank of Bahrain.
  • Driven monthly meetings with Portfolio Managers to go through the deals in pipeline and providing forecast of income and AuM to the management.
  • Cashflow analysis, Liquidity testing and reporting on a quarterly basis.
  • Monitor the SPV audit process and ensure that audit is completed within stipulated timeline
  • Calculation of private equity deal size, deal allocation and commitment tracking.
  • Set up Murabaha structure for new Shari’ah funds.
  • Drafting of policies and procedures for the department.
  • Monthly reporting of financial highlights, variance analysis with budget, revenue forecast.
  • Regular assessment of operational and outsourcing risks and reporting to Compliance.
  • Review and signing off on Service Level Agreements with fund administrators on yearly basis.
  • Drafted capital call, distribution and deal allocation policies for the firm.
  • Review of monthly income accruals for accuracy.
  • Overseen the corporate accounting function and prepared the annual budget for the firm.
  • Managed regulatory filing requirements with CIMA, SFC, FCA and SEC.

Butterfield Fulcrum Fund Services
Bangalore, Karnataka

Deputy Manager
06.2010 - 02.2012

Job overview

  • Instrumental in processing trades and non-trades including corporate actions
  • Reconciliation of cash and positions to broker/custody statements
  • Resolution of cash and position breaks and escalation of these for immediate resolution
  • Preparing market value, dividend and interest reconciliation
  • Posting income and expense accruals such as accrued interest, admin, management and performance fees
  • Provision of accounting or accounting related reports and/or support schedules to the investment manager and the auditor
  • Organizing workload and Team members in an efficient and effective manner
  • Coordinating with other units – Shareholder Services, Trustee, Data Management, Control etc.
  • Performing tasks of defined processes or procedures and check for errors
  • Ensure procedures in relation to all tasks are adhered to, including daily NAV Pack reviews, and ownership of the monthly control process and fund checklists
  • Accounting private equity funds, tracking of capital calls, valuation of private equity funds
  • Calculating Net Asset Value and signing of checklists
  • Responsible for cross training within the team, leave management and process documentation
  • Tracking internal SLAs, KPIs and issues
  • Greeted and assisted customers with questions, concerns and purchasing needs.
  • Assessed supplier quality to maintain tight cost controls and maximize business operational performance.

Deustche Bank Gorup
Bangalore, India

Team Manager
03.2006 - 05.2010

Job overview

  • Daily position reconciliation, using Smartstream, of DeAM trading platform records to DeAM accounting platform records
  • Cash reconciliation of accounts pertaining to DB clients, using Smartstream, and provide necessary information to Portfolio Managers
  • Coordinated with Custodian and various internal departments’ vis-à-vis the trading desk and trading support desk, data services team and corporate actions to manage and resolve breaks pertaining to principal payments, interest, dividend and other corporate actions, trades etc.
  • Provided detailed analysis of various metrics that are reported for the process
  • Worked with the Clients and Onshore counter-parts for their specific requirements in terms of delivery of functional solutions, specific reporting requirements, process improvements and enhancements (primarily in line with legal and compliance requirements) etc.
  • Conducted periodic review of all audit related documents and reported to Management about the status of pending documents or failed quality review by the QA-QC team
  • Organized team meetings to understand issues/concerns if any and to communicate new developments, policies and procedures.

Accenture
Bangalore, India

Senior Process Associate
03.2004 - 03.2006

Job overview

  • Managed customer legal agreements and approved price for maintenance services based on signed agreements
  • Dealt with the customer queries
  • Reconciled customers’ accounts based on the existing database with that of legal agreements
  • Followed process complying with SOX
  • Responsible for Revenue determination, analysis, billing and AR reconciliation

Ma Sai Apparels
Bangalore, India

Accountant
09.2003 - 03.2004

Job overview

  • Prepared Bank reconciliation statements of various Bank Accounts
  • Dealt with vendor queries and audit queries
  • Handled Sales Tax Monthly Returns
  • Responsible for General ledger, Debtors ledger, Creditors ledger verifications at the end of the every month
  • Prepared Monthly/Year to date Quantitative details of Imported goods, Issued to various units and held in stock
  • Arranged quarterly reports to be submitted to banks

Ishwar & Gopal, Chartered Accountants
Bangalore, India

Auditor cum Accountant
09.2002 - 08.2003

Job overview

  • Audited companies, partnership firms, banks and other types of organizations
  • Handled income tax matters including the tax audits of companies, firms and individuals
  • Prepared Bank reconciliation statements, stock reconciliation statements, financial statements
  • Assisted manager in preparation of budgets

Education

The Institute of Chartered Accountants of India
India

Professional Education II from Accounting, Finance And Auditing
01.2002 - 01.2005

University Overview

Sri Bhuvanendra College, Mangalore University
India

Bachelor of Business Management from Management, Finance & Accounting
07.1996 - 06.1999

University Overview

Association of Chartered Certified Accountants
UK

Certification Course from IFRS
10.2016 - 11.2016

University Overview

Skills

    Monitoring of Fund Administration activities

Management and Statutory reporting

NAV calculation

Client Reporting and portfolio performance analysis

Cashflow management and MIS reporting

Budgeting and variance analysis

Calculation of ROI and IRR

Digital savvy, Process Automation

Software

PM1, SmartStream, Advent Geneva, SimCorp Dimension

Accomplishments

Accomplishments
  • Saved approx. $600k p.a. by setting up alternative Murabaha platform.
  • Instrumental in automation of capital call, distribution and fund administration interaction tool.


Timeline

Association of Chartered Certified Accountants
Certification Course from IFRS
10.2016 - 11.2016
Fund Operations Manager
The Family Office Co. BSC(c)
03.2012 - Current
Deputy Manager
Butterfield Fulcrum Fund Services
06.2010 - 02.2012
Team Manager
Deustche Bank Gorup
03.2006 - 05.2010
Senior Process Associate
Accenture
03.2004 - 03.2006
Accountant
Ma Sai Apparels
09.2003 - 03.2004
Auditor cum Accountant
Ishwar & Gopal, Chartered Accountants
09.2002 - 08.2003
The Institute of Chartered Accountants of India
Professional Education II from Accounting, Finance And Auditing
01.2002 - 01.2005
Sri Bhuvanendra College, Mangalore University
Bachelor of Business Management from Management, Finance & Accounting
07.1996 - 06.1999

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