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PAYEL BANIK
Contact: 07387753571 / 09916494515
E-Mail: payel_creative@yahoo.co.in
JOB OBJECTIVE
Seeking challenging assignments in Investment Banking /Accounting with an organization of high repute
Industry Preference: Banking /Financial services
PROFILE SUMMARY
• A result oriented professional with nearly 6+ years of rich experience in Mutual Fund Accounting, Cash & position
Reconciliation, Profit & loss allocation, NAV Calculation.
• Well versed with prevalent economic / financial trends and reforms in Indian and International markets
• Hands-on experience of working on Hedge Funds and Mutual funds
• Possess good understanding of Capital market, Money market, FX market, Bond market, Hedge funds, Mutual funds, ETF's,
Derivatives, Corporate Actions, Equity, Swaps, & Repo's
• Strong skills in collating and interpreting financial data for determining the overall financial performance.
• Knowledge of advanced excel.
• An effective communicator with excellent relationship building & interpersonal skills; strong analytical, problem solving &
organizational abilities.
CORE COMPETENCIES
Financial/ Fund Accounting Fees Booking NAV Calculation
Capital activity Pricing of securities Class Hedging
General ledger reconciliations Cash/ Position Reconciliation Corporate actions
WORK EXPERIENCE
Northern Trust
December 2014 (present)
Designation: Technical Coordinator (Subject Matter Expert-FA)
Key Deliverables:
• Review of Mutual Fund’s NAV
• Reporting of Financial Statements of Funds
• Resolving Audit . Transfer agency and financial reporting queries.
• Implementing new procedures and techniques and ensuring smooth delivery of NAVs.
• Processing DRIPS, SCRIP options, ROCA, PDIR on REITS, maintain expense schedule as per fund prospectus,
Post year end journal logs, XD income stripping, Expense analysis, Share class divergence checks, Verify reclaims
On incomes etc.
Applications used: Enterprise, SEI, TLM, IDC, EMS, Bloomberg, Enterprise(sunguard)
Multifonds ( September 2014 to November 2014)
Designation: Business Analyst
Key Deliverables.
Review of FRD and BRD.
Testing for system bug and giving ET.
Part of core product team.
BNY Mellon (INDIA, PUNE) October 2013 to July 2014
Designation: Senior Analyst
Key Deliverables:

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• Expense Posting
• Cash & Custody reconciliations
• Cap-Stock activity
• Income Distribution
• Trading Activity
• Impact of corporate action
• REITS, Withholding tax calculations
• Daily interest accruals calculations
Applications used:
Investone: Sunguard (Enterprise)
Custody Management System (CMS)
WORK EXPERIENCE
HSBC securities Services, Kolkata September 2010 to September 2013
Designation: Fund Administrator
Key Deliverables:
• Prepared daily NAV availability reports within stringent deadlines for Portfolio Managers to show exact NAV in the fund for
investment before starting in the market
• Pricing of securities & bonds including rights pricing ,option pricing ,P-note pricing ,commodity pricing
• Accumulating and summarizing portfolio activity for the fund's investment manager, banks, custodians and underlying fund
administrators
• Reviewing and recording cash transactions (contributions and withdrawals from investor logs) and expense activities
• Calculating daily, weekly, monthly & quarterly NAV and calculating management & performance fees & expenses
• Checking dividends, stock splits, rights, bonus, spin-offs and various corporate actions on stocks held.
• Determining the value of the fund and allocating that value to each investor including :
 New issue income
 Management fees
 Incentive allocation and crystallization incorporating hurdles and preferred returns
• Performing :
 Booking of management fees and performance fees
 Booking of expenses, Swap transfers, Accruals
 Closing of daily and monthly accounting periods
 Preparing daily NAV work papers for client
• Conducting:
 Reconciliation of TB (Trial Balance) with Manual Allocation Sheet as well as Hedge - Tek allocation
 Reviewing cash, Position, Swap, FX & OTE reconciliation
 Generating various fund specific reports from Geneva as per client requirement
 Various allocation reports extraction and matching those reports with manual allocation sheets
• Coordinating the preparation & distribution of each investor's Fund wise SOPs
• ETF (Exchange Traded Funds-Bonds & Equity)
Applications Used
 IMS
 GENEVA
 Bloomberg
 TLM
GENPACT, Kolkata (as Process Developer) (July'09 - July' 2010)
Process Developer (Finance & Account Division) - General Ledger & Reconciliations, GE (Novartis, America)
Key Deliverables
• General ledger and Reconciliations (cash, bank , accounts payable, Accounts receivable, deposits , expenses A/c , travel A/c
etc.)
• Accrual Based Accounting:-Ageing analysis and representation of the outstanding balances and reporting out with detailed
explanation

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• Accounts payable Transactions Audit- (finding probable duplicate payments in AP checks Issuance) reporting out the
duplicate payments to block invoices
• Research work on variances and open items -communicating them to the clients, instruct the AP team internally to disburse
payments.
• Vendor statement Reconciliations for the critical vendors.
• SME for Signing Authority and providing Solution to Global clients (Ariba)
PREVIOUS WORK EXPERIENCE
SHREE BISHANDAS IRON WORKS (APRIL 2006- APRIL 2009)
Junior finance and accounts executive
IT SKILLS
• Well versed with:
 MS Office
 SAP FI, IMS , BLOOMBERG, TLM
 Enterprise (sunguard) and SEI
 Advanced Excel
ACADEMIC PROJECT:
• A project on analysis of returns of 5 major firms in the Telecomm Sector.
• Project proposal on launching a rope way cable business for tourist attraction in science city.
• Management research project on fraudulent manipulations in the banking sector and the ways to avoid them.
• Equity valuation of a pharmaceutical major.
ACADEMIC QUALIFICATION
• MBA with specialization in finance from ICFAI Business School Kolkata, in the year 2009 (7)
• B.COM (Hons.) from Tripura Univ. In the year 2006. (71%, 2nd
Topper in University)
• Class xII from Hindi higher secondary school (C.B.S.E) in the year 2003. (65%)
• Class x from S.T Paul's school (I.C.S.E) in the year 2001. (68%)
PERSONAL DETAILS
Date of Birth: 30th December 1984
Present Address : Bellandur, Bangalore , Pin:560037
Permanent Address: BD-24, Sector-1, Salt Lake City, Kolkata 700064
Languages Known: English, Hindi & Bengali