Mukesh Navani

Experience

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  State Street Syntel Service Pvt. Ltd.

  Sept 2008 - Mar 2009

  Trainee

  Cash & Position Reconciliation of mutual funds assets with Custodian - State Street, Tax Reclaim reconciliation, Dividend ReportingNon core activities like Trade, income, FX, Corporate action settlements, monitoring fail trades, posting of Custody fee and securities lending revenueIdea generation and implementation

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  State Street Syntel Services Pvt Ltd.

  Mar 2009 - Apr 2010

  Associate

  Cash & Position Reconciliation of mutual funds assets with Custodian - State Street, Tax Reclaim reconciliation, Dividend ReportingNon core activities like Trade, income, FX, Corporate action settlements, monitoring fail trades, posting of Custody fee and securities lending revenuePreparing daily, weekly, forthrightly and monthly MISIdea generation and implementationReviewing and updating SOP, OPLAssisting team members during contingent situations

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  State Street Syntel Services Pvt. Ltd.

  Apr 2010 - Dec 2016

  Managing teams performing Internal Cash & Position Reconciliation of State Street Custody & Accounting books, US (DTC, FED) Income Reconciliation, Tax reclaim reconciliation, Dividend reporting activity & non-core activities like contractual trade settlement, income & FX settlement, income accrual check, monitoring of fail trades. Instruments involved - Equity, Debt. South American bonds (Peruvian, Brazilian, Mexican, Dominican), Asset Backed securities, Inflation Index bonds.The profile included :-1.Escalation of pending breaks as per escalation and communication matrix2. Monitoring the Team Performance, Achievement of SLA/KPI, while ensuring Client Deliverables are delivered within stipulated deadlines3. Conducting Internal Audits and publishing Process Health Card. Participating in external audits4. Generating Monthly Scorecard/MIS/KPI of the processes and reporting the same to vertical head, BU and Sr. Management5. Assigning Goals, tracking team's Performance and providing support for attainment of assigned goals6. Conducting one-to-one meetings with team leaders to share feedback on their performance each month and tracking the EWI (Early warning indicator) of the teams7. Conducting team meetings, with focus on targets & achievements, exploring new ideas & initiatives to bring about efficiency in daily operations8. Conducting skip level meetings with the team members to get their feedback and understand the challenges faced by the team. Subsequently providing solutions and ensuring resolution of open items in the best interest of team and the organisation9. Succession planning, Resource planning and allocation, maintaining 100% billable staff and minimum buffer if required10. Exploring additional business opportunities and working with BU’s for the same11. Nominating team leaders, team members for RnR, tracking and reviewing RnR for the teams. Also ensuring team engagement activities are orgabised for the team.12. New joinee / IJP interviews Show less Leading a team of 13 team members performing Internal Cash & Position reconciliation of Mutual Funds assets with Custodian State Street, US Income reconciliations, Tax reclaim reconciliations.Team also performs non-core activities like trade, income and FX settlement, monitoring of Fail trades, Custody fee & Securities lending revenue posting, manual match of entries and REIT discrepancies resolution.Profile also includes assigning of goals to team members, tracking and supporting them to achieve the sameProviding feedback to team membersUpdating daily, Weekly and Monthly Scorecard/MIS/KPI and presenting same to internal and external stakeholdersConducting team meetings with focus on Targets & Achievements, and exploring New Ideas & Initiatives to bring about efficiency in daily operationsUpdating & tracking the EWI (Early warning indicator) of the team, respoting the same to deputy managerEscalations with Business Units to eradicate aged BreaksTeams R&R and employee engagement initiativesUsing CI tools like 5 Why, Fishbone, VSM & Pareto analysis for streamlining the process & risk mitigationAnnual and Semi Annual performance appraisals Show less

  • Deputy Manager

    Oct 2015 - Dec 2016

  • Executive

    Apr 2012 - Oct 2015

  • Senior Associate

    Apr 2010 - Apr 2012
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  General Mills India Pvt. Ltd.

  Dec 2016 - Apr 2018

  Associate Assistant Manager - Supply Chain Finance

  A part of Supply Chain Accounting team, leading a team of 14 team members performing reconciliations of General Mills inventories present at External Manufacturing & Third Party Warehouse locations. Alongside inventory reconciliations the team also performs invoice approvals, accruals and other Non core activitiesAssigning Goals to team members and tracking of the same, providing support for attainment of assigned goalsAnalysing and allocating work to the team members, optimum capacity utilizationMonitoring team’s performance, SLA/KPI, operating metrics while ensuring Client deadlines are metPresenting the SLA to stakeholders & Management, stakeholder managementTeam Meetings to discuss metrics with teamProviding feedback to team membersSuccession planning, Idea pipeline, Team R&R, L&D team targetsExploring additional business opportunities and working with stakeholders on the sameNew joinee / IJP interviewsAnnual and Semi Annual performance appraisalsUsing CI tools like OPL, JTA, 5 Why, PBED & VSM for streamlining the process & risk mitigation. Show less

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  JPMorgan Chase & Co.

  Jun 2018 - now

  Part of projects team at JP Morgan Chase & Co. Australia, working on APRA regulatory reporting.Supporting operations team on quarterly and annual APRA reporting, activities include:Asset classification with help of the static and reference data as per APRA policy, including associated securities and managed funds as per PDS.Make/review of APRA forms like 530, 533, etc.Review of external look through report for indirectly held investments for APRA look through reportingWorking with technology and product development teams on system rules for Asset classification and forms. Writing requirements and testing.Automation initiatives. Show less Leading an offshore team working on fund admin, financial reporting, regulatory report for US clients. Preparing form NPORT (monthly), NCEN (annually) and CPO-PQR (quarterly) including below activities:Pre-cycle activities like data scrubbing, static data checkGeneral ledger entries to ensure balances are correct, e.g. Capstock, realized/unrealized gain/lossPreparation of portfolio of investments. using static/reference dataInvestigating & resolution of Client comments/reworksAutomation initiatives, working with change management team. Show less

  • Assistant Vice President

    Feb 2023 - now

  • Assistant Vice President

    Jun 2018 - Jan 2023