Summary
Overview
Work History
Education
Skills
Accomplishments
Improvement Ideas/Project
Affiliations
Timeline
Generic

Shobhita Sharma

Pune

Summary

Enthusiastic associate with 10 years of work experience living a challenging and diverse role in fund administration, fund accounting reconciliation projection and cash availability, expense analysis and budgeting also expense processing and Accrual calculation. Presently working for the Nuveen Fund Administration Expense Oversight Team. The Expense Oversight Team is responsible for oversee the expense payments. Proven record of success in process automation, and Audit control, High Performance Culture (HPC) Presentations for Senior Management on Team Performance, Error Analysis, Idea Management and latest Automation implemented. Conscientious professional with experience in solving problems creatively and using tact and diplomacy to achieve win-win outcomes. Great team player comfortable thriving in competitive, fast-paced environments. Polished in handling direct client/vendor inquiries.

Committed job seeker with a history of meeting company needs with consistent and organized practices. Skilled in working under pressure and adapting to new situations and challenges to best enhance the organizational brand. Hardworking and reliable associate with strong ability. Highly organized, proactive and punctual with team-oriented mentality.

Overview

12
12
years of professional experience

Work History

Associate

TIAA Global Capabilities private limited
Pune
12.2022 - Current
  • As an associate mainly involved in seeing and implementing the opportunity to optimize core processes and system
  • Responsible for review and audit of the invoices payment letter and reconciliation of payment and processed
  • Allocate the work & Ensure the right amount of work distribution among the team members..
  • Involved in providing time to time team performance update to management.
  • Educated new hires on company policies and procedures by designing and developing training program
  • Leading onshore calls and team daily team huddle.
  • Preparation of MIS, VMB's & Reporting to Higher Management
  • Conducting training sessions for new staff members and implementing Business Continuity Plan (BCP) during system outages/emergency situations.
  • Resolving the issue and queries raised by different counterparts
  • Continuously assessed current reporting techniques and developed improvements to boost accuracy
  • Maximized productivity by keeping detailed records of daily progress and identifying and rectifying areas for improvement
  • Resolving the issue and queries raised by different counterparts

Senior Analyst

TIAA
Pune
09.2020 - 11.2022
  • Work as a senior team member and involved in processing of invoices and payments, to make sure the correct navigation of the process.
  • Payment letter preparation with vendor detail and wire instruction.
  • Posting the re-classes entries in case of any incorrect payments
  • Keep an eye on all of the audit requirements, such as checklist and sop/job aid are accurate and updated
  • Ensure data integrity is maintained in accounting system
  • Meet scheduled deadlines for completion of work Defining and documenting standard operating procedures Across business units.
  • Collaborating with IT arms of organization for successful implementation and adaption of process improvements Across various areas

Senior Fund Administrator- Grade G

BNY Mellon
Pune
01.2018 - 09.2020
  • Expense analysis budgeting and expense processing and accrual calculation
  • Worked as a senior team member & providing regular updates to Manager on Performance & Overall operations.
  • Preparing monthly reporting for fund performance analysis by verifying various reports with Trail balance
  • Informing/providing reasoning to Business Unit for huge deviation between prior & current month's Total net Assets.’ Provide end to end solutions on Expense Budgeting, Expense Analysis & Payments
  • Analyze client annual expense budget & provide quarterly analysis to ensure expense accruals are on track
  • Inform Accounting team for accrual change notification with client authorized letters
  • Daily accrual calculation with the help of Blotter, TNA and transaction posted prior day
  • Verification of accounting postings on invest one and send them Corrections in case of wrong posting or wrong qualifiers
  • Good understanding of excel based macros/VBA.

Fund Administration Grade F

BNY Mellon
PUNE
09.2015 - 01.2018
  • Client service & reconciliation
  • Provide Critical Reporting and Analysis to business contacts and Fund Manager
  • Working as intermediary between Clients & various operation departments like Accounting & Custody
  • Managing three sections of Portfolio Accounting Process, i.e
  • Cash reconciliation, Stock reconciliation & Currency reconciliation which are the main requirements to have a correct NAV calculation
  • Accurate projections of cash available to make the good investment move with the help of the data received by Transfer agency team
  • Verification of the trades and expenses with the help of data provided by trade team and different platform, Notification to trade team in case of incorrect trade booked
  • Good understanding of applications such as Bloomberg, Command Console, IMS, TLM
  • Provide critical reporting and analysis to business contacts and Fund Manager
  • Good understanding of applications such as Eagle, Bloomberg and Workbench
  • Reviewing all types of corporate actions booked on accounting with corporate actions reasonability tool & Bloomberg for accuracy
  • Prepared Standard Operating Procedure's with the help of Technical writers.

Operations Executive

BNY Mellon
Pune
09.2013 - 09.2015
  • Was part of pilot fund accounting team at BNY, responsible for preparing cash availability and reconciliation reports For mutual funds
  • Worked for 10 Fund families
  • Conducted cross training for new joiners
  • Managed process documentation and work allocation
  • SME for mutual fund reconciliation
  • Designated QA ensuring quality deliverable and accurate reporting for day end cash reporting for major fund balances to be invested in overnight liquid investments Client management for about 10 mutual fund groups (including big ones like WAM, Direxion, Federated, Prudential, etc.

Associate

Infosys BPO Ltd
Pune
06.2012 - 08.2013
  • Processing the Online request received in the form of tickets
  • Transfer of cash and Asset from one account to another
  • Maximized productivity by keeping detailed records of daily progress and Identifying and rectifying areas for Improvement
  • Educated new hires on company policies and procedures by designing and developing training program.

Education

MBA - Finance and Marketing

01.2012

B.Com- Computer Application -

01.2008

Skills

  • Process Improvement
  • Performance Evaluations
  • New Hire Training
  • Issue Resolution
  • Work Planning and Prioritization
  • Decision-Making
  • Project Reporting

Accomplishments

On the spot award 1 award :-

  • Received award from onshore for creating efficiency and expanding team's scope of work all while increasing the level of review of invoices and continuing to produce core work at high level
  • Value chain increased by 40% with additional end to end review and approval of invoice
  • Approx 1300 annual hrs of additional work absorbed in the current year.
  • developed excel based automated macro for major sun TA allocation template saving 310+ Hrs
  • worked on developing an AI based robotics automation tool to facilitate automated invoice processing with a saving of 3500 hrs saving annually.

Bronze Award from senior management :-

  • team in wire instruction validation project and led the project of UAT testing ensuring regular update to tech team to ensure nothing falls in crack.

On the Spot 2 Award:-

Award received by senior management for going beyond and above to complete the year end closing timely and accurate vendor payment despite of extended volume. Additionally a quality of deliverable from 93% to 98%.

Improvement Ideas/Project

REA invoice logging using Alteryx- Efficiency idea with success matrix 120 Hrs/Year of efficiency approved by onshore

Invoice Processing automation using BOT- Automation project for invoices processing has been completed using robotics process with additional 3500 hrs saving.

Wire Instruction and Validation:- efficiency improvement by adding the wire instructions in the system itself so that payment letter can be prepared in the system itself which helped to save 900 hours annually.

Affiliations

  • Active member & level 1 winner of toastmaster club pune.
  • Integral part of fun and sport committee in prior organization.

Timeline

Associate

TIAA Global Capabilities private limited
12.2022 - Current

Senior Analyst

TIAA
09.2020 - 11.2022

Senior Fund Administrator- Grade G

BNY Mellon
01.2018 - 09.2020

Fund Administration Grade F

BNY Mellon
09.2015 - 01.2018

Operations Executive

BNY Mellon
09.2013 - 09.2015

Associate

Infosys BPO Ltd
06.2012 - 08.2013

MBA - Finance and Marketing

B.Com- Computer Application -

Shobhita Sharma