Lalit Kumar
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Work experience
Citibank
Senior associate

Since Nov'18 Citi corp , Gurgaon as Senior Associate (GRU)
Key Result Areas:
*Part of Onboard Migration team for the setup of new clients and take over clients.
*Working on RPA project to make recon automatic.
*Training the team member on migrated client allocation.
*Preparing the SOPs and project presentation for offshore and on shore business.
*Working on reduction of MTP for recon.
*Working as reconciliation for Nostro -vostro, client-custody , internal and external reconciliation.
*Handled verification of data from trusted Data Vendors like Broadridge, DTC, GPDW, DBS, DTCC ,Fusion and Matrix.
*Providing services to clients like CGMI, CBNA , 505 Citi onshore for New Jersey, London, Dublin, Canada, NYC.
*Handling manual and automatic , cash and stock reconciliation.
*Working on a applications like Geneva, TLM, Citi velocity, G rec, Frontier, BPS, Postage DTCC, GSCC etc.
*Prepared the application PPT to train team member.
*Performing time tracking and FT calculation for process.Key Result Areas:
*Documenting:
*Daily/monthly Gross Asset Values for multi strategy, multi-currency hedge funds, private equity funds, fund of fund and Master Feeder Structure
*Daily review of Cash, Position and Trades Reconciliation
*Monthly GAV and NAV papers
*Monitoring valuation/pricing of client portfolios, managing the daily/monthly fund accounting
*Preparing supporting documentation and providing assistance to external auditors for year-end audits
*Reviewing month end packages including various products.
*Working on project to bring automation in reconciliation process.
*Verifying prices from trusted Data Vendors like Bloomberg for month end market valuation.
*For the Private Securities, checking the Fair Market Value memo for the Level 2 Level 3 securities.
*Communicating breaks and other issues to Onshore Team/Client for timely resolution of the same.
*Part of Onboard Migration team for the setup of new clients and take over clients.
*Providing MIS for the process management and team management.


Globeop pvt ltd
Accounts Executive

(Global wealth Management)
Key Result Areas:
*Administered services of clients like Fund transfer and investigation etc. for NYC and London Region
*Oversaw reconciliation of Cash and Position.
*Documented Daily Cash and positions break and Commission Report
*Handled verification of data from trusted Data Vendors like Broadridge and DTC.
*Interfaced and communicated the breaks to client or custodians for timely resolution
*Worked on project to bring automation in reconciliation process
*Preparing documents for yearly SAS 70 Audit