Neha Aafreen Chowdhary
Mumbai
Summary
Finance professional with 10+ years of experience in fund accounting, investment operations, and reconciliation within global financial institutions. Proven expertise managing operational processes for Hedge Funds, Private Equity, Credit Funds, and CLOs across diverse asset classes including derivatives, fixed income, and FX. Adept at leading teams, driving automation to increase efficiency, and strengthening controls to mitigate risk. Strong background in NAV calculation, trade and cash reconciliation, pricing validation, and stakeholder reporting. Known for improving processes, ensuring compliance, and delivering results in fast-paced environments.
Overview
12
12
years of professional experience
Work History
Analyst to Associate – Apollo Reconciliation and Cash Liquidity
Apollo India Services LLP
07.2019 - Current
- Managed a team of 4 professionals, overseeing daily operations for a diverse portfolio of investment vehicles, including Hedge Funds, Private Equity Funds, European and US Credit Funds, Real Estate Funds, and CLOs, involving instruments such as Term Loans, Fixed Income, CDS, TRS, Structured Products, F&O, Currency Forwards, and Equities.
- Oversaw the onboarding process for new funds, ensuring accurate reconciliation between Apollo systems and Prime Brokers.
- Produced daily and monthly cash liquidity reports and strategy reconciliations for fund managers, traders, and controllers.
- Reconciled cash flows and OTC positions, collaborating with custodians, fund administrators, and trading desks to resolve discrepancies and ensure accuracy.
- Ensured compliance with regulatory requirements and internal controls in relation to derivatives reconciliation.
- Developed, reviewed, and implemented Service Level Agreements (SLAs), ensuring alignment and securing cross-functional sign-offs for new processes.
- Collaborated with cross-functional teams, including Investment Operations, Trade Support, Middle Office, Asset Servicing, Technology, and Investment teams, to streamline operations.
- Led root cause analysis initiatives to identify process inefficiencies and drove projects to enhance scalability and reduce operational risks.
- Conducted regular reviews of process controls to identify and mitigate risks impacting both upstream and downstream functions, escalating issues as necessary.
- Collaborated with cross-functional teams to identify opportunities for process improvement and increased efficiency.
Associate to Senior Associate – Hedge Fund Reconciliation
Viteos Capital Market Services Pvt Ltd
08.2015 - 07.2019
- Performing Settle date Cash, Position and trade reconciliation and accounting for Client in Portfolio Management System (Comparison of records in Geneva and PB statements) on T+1 basis.
- Verifying Corporate actions trades mandatory and voluntary with Bloomberg, any events occurring to be accurately reported in the books by the prime broker and accounting with appropriate comments on the recon for any discrepancies.
- Investigating on open breaks of reconciliation with reference to equities, swaps with accurate comments.
- Processing, reviewing Weekly and Monthly Accruals, including Management fees and performance fees onto the relevant accounting system as per the Invoice and Cash movement.
- Ensuring Price check with appropriate backups.
- Delegating and reviewing the work of subordinates.
Associate – Fund Accounting
State Street Syntel Services Private Limited
07.2013 - 08.2015
- Conducted monthly NAV calculations through three-way reconciliation across Custodian, Investment Manager and accounting records.
- Reconciled client portfolios with custodians, verifying cash flows, FX, trades, corporate actions, and P&L reports.
- Performed trade, price, and cash reconciliations within tolerance limits; investigated discrepancies and resolved breaks with internal teams.
- Reviewed and processed cash exceptions and trade settlements based on custodian data.
- Ensured accurate monthly security pricing using Bloomberg and Prime Broker statements; coordinated with European pricing teams.
- Validated dividend and interest accruals against custody records, escalating mismatches for correction.
- Escalated material variances to client service teams and participated in monthly variance and risk reporting tied to month-end close.
Education
BMS -
Sinhgad College of Commerce, University of Mumbai
01.2011
H.S.C. - undefined
Marceline Junior College, Maharashtra State Board
01.2008
S.S.C. - undefined
Michael High School, Maharashtra State Board
01.2006
Skills
- Saved over 200 hours monthly by automating manual processes, significantly improving task speed and accuracy
- Transitioned OTC reconciliation to TriOptima in India, enhancing efficiency and implementing robust risk controls
- Contributed to the successful migration of cash liquidity reporting to the LIMA platform
- Standardized key operational processes to improve quality and reduce variability in client deliverables
- Automated complex custody reconciliations across various fund types, achieving consistent time savings
- Proactively identified process gaps and implemented technology-driven solutions to enhance overall operational performance
Hobbies
Travelling,Stitching and Reading
Timeline
Analyst to Associate – Apollo Reconciliation and Cash Liquidity
Apollo India Services LLP
07.2019 - Current
Associate to Senior Associate – Hedge Fund Reconciliation
Viteos Capital Market Services Pvt Ltd
08.2015 - 07.2019
Associate – Fund Accounting
State Street Syntel Services Private Limited
07.2013 - 08.2015
H.S.C. - undefined
Marceline Junior College, Maharashtra State Board
S.S.C. - undefined
Michael High School, Maharashtra State Board
BMS -
Sinhgad College of Commerce, University of Mumbai
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