Sumit Bhosale

Experience

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  M. P. Chitale & Co., Chartered Accountants

  Sept 2019 - Mar 2021

  Assistant Auditor

  As an Assistant Auditor at M. P. Chitale & Co., Chartered Accountants, Audit Firm, I have been responsible for handling various reconciliations at Pool and Non-Pool levels, ensuring accuracy and compliance with accounting standards and regulations. In addition, I have identified previous differences and provided bank reconciliation on a day-to-day basis, ensuring the timely resolution of discrepancies. Here are some of my key achievements and skills:Projects: Conducted multiple bank reconciliations simultaneously, managing competing priorities and deadlines while maintaining a high level of accuracy and attention to detail.Worked closely with senior auditors to identify and address internal control weaknesses in clients' financial processes, providing recommendations for improvements that resulted in cost savings and process efficiencies.Achievements: Successfully reconciled a large volume of bank transactions and resolved discrepancies within tight deadlines, enabling the client to meet their financial reporting requirements on time. Show less

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  BSEIndia

  Mar 2021 - Oct 2023

  Operations & Settlement Analyst

  "Operations Management and Risk Controller, responsible for leading the clearing and settlement team and handling all operational aspects."Key responsibilities: Managing day-to-day settlement activities for more than five products (Equity, Equity Derivatives, Currency Derivatives, Commodity & SLB), managing operational risks to mitigate future financial losses, proactively suggesting system and process improvements, managing cash flow, and generating various MIS reports for management with the help of SQL, Tableau and Microsoft Excel.Achievements: Identifying and recovering a sizeable settlement amount for the initial period of interoperability, solving differences in collateral of members across segments, and designing a process for daily reconciliation of settlement receivable and payable amounts. Furthermore, I played a key role in developing and testing the settlement system while BSE was going through measure settlement change from T+2 to T+1.Impact: Improving efficiency, reducing risk, ensuring compliance, and contributing to the successful implementation of a new settlement system.Collaboration: Ability to work collaboratively with other teams and stakeholders, such as settlement banks, exchanges, auditors, and members. Show less

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  Aditya Birla Sun Life Mutual Fund (ABSLMF)

  Oct 2023 - now

  Deputy Manager

  · Optimized daily file uploads related to investment activities to ensure accurate recording of BOD activities.· Supervised punctual deliverables from the Custodian/Fund Accountant to streamline the BOD process.· Thoroughly examined STP and trades, executing transactions with parameter matches for enhanced efficiency.· Proactively identified and rectified mismatches, ensuring precise contract details.· Reconciled corporate action maturity proceeds, ensuring meticulous settlements.· Conducted rigorous reconciliations for holdings, Custodian Books of Accounts, and Reports to uphold data integrity. Show less