A seasoned fund administrator with over 15 years of experience in portfolio reporting, reconciliation, and implementing compliance procedures. She has extensive experience preparing valuations, financial statements, and training junior analysts. Currently seeking a new role to utilize her skills in fund administration, compliance monitoring, and risk analysis.
Window Dressing is the act of manipulating the correct picture of financial statements of a company to show a better position than actual position.
This is usually difficult to detect because of the involvement of higher management.
This is mainly done for attracting potential investors by showing a good financial position of company or to save on taxation by the government.
Objectives -
To present better financial and liquidity position of the business by showing increase in revenue and profitability with healthy cashflow and working capital management.
To attract potential investors by over-stating profitability of business and under-stating the liabilities.
To avoid higher taxes to be paid on the income of the business by showing low profits.
To avail credit and loans by banks or financial institution by showing a healthy financials with repayment capability.
To increase the share value in market by attracting investors sentiments and to build up trust of the stakeholders in the business performance.
Manipulation of financial accounting in the name of creative accounting, as presented by B.v.Raghunandan in a guest lecture at MBA department, Vivekananda Engineering College, Puttur, Karnataka in India on December 29, 2008
Window Dressing is the act of manipulating the correct picture of financial statements of a company to show a better position than actual position.
This is usually difficult to detect because of the involvement of higher management.
This is mainly done for attracting potential investors by showing a good financial position of company or to save on taxation by the government.
Objectives -
To present better financial and liquidity position of the business by showing increase in revenue and profitability with healthy cashflow and working capital management.
To attract potential investors by over-stating profitability of business and under-stating the liabilities.
To avoid higher taxes to be paid on the income of the business by showing low profits.
To avail credit and loans by banks or financial institution by showing a healthy financials with repayment capability.
To increase the share value in market by attracting investors sentiments and to build up trust of the stakeholders in the business performance.
Manipulation of financial accounting in the name of creative accounting, as presented by B.v.Raghunandan in a guest lecture at MBA department, Vivekananda Engineering College, Puttur, Karnataka in India on December 29, 2008
• Detail-oriented accounting and finance professional with hands-on experience of 5 years in corporate action, performance analysis, fund administration and reporting, reconciliations, custody operations and financial analysis
• Exceptionally organized with the ability to perform multiple tasks in a fast-paced environment, consistently meeting deadlines with accurate and detailed results
• Flexibility to adapt to changing environments, working independently and in a team while managing multiple deliverables
• Working experience of 5 years with all complex financial instruments such as Fixed Income, Debt issuance, Equities, Derivative products and Short term investments.
• Excellent interpersonal and communication skills (written and verbal) for effective interaction with all levels of company management and personnel
• Highly proficient in variety of applications such as Bloomberg, MS Excel, Macros, Word and PowerPoint
• Recognized as a confident, high performing individual demonstrating enthusiasm and initiative
CA, MBA Finance with 15+ years of experience in Finance and Accounts, hands on experience in Budgeting, Forecasting and Project costing, working knowledge in SAP, ERP and Various accounting packages, able to manage independently.
1. SIYAN HALL
1026-77 Quebec Ave Toronto, Ontario M6P 2T4
Mobile: (647) 223-7421 Email: Siyan.Hall@gmail.com
SUMMARY:
A seasoned Fund Administrator with 15 years experience in portfolio reporting, reconciliation,
and implementing and monitoring fund compliance, internal controls and valuation procedures
to meet the requirements of Audit and Compliance programs. Proficient in MS office, Excel,
Bloomberg and Mpower.
WORK EXPERIENCE:
Citco Fund Services, Senior Fund Accountant
September 2005 – December 2014
Identified key operational and financial risk and developed and implemented effective
controls to manage those risks.
Developed and wrote fund valuation manual to ensure consistent training of staff,
improve process efficiencies and minimize risk.
Prepared monthly risk metrics report and tracked the fund’s performance to monitor
variance of returns.
Prepared valuations of funds, financial statements, client asset allocations along with
pertinent working papers and fee calculations schedules.
Coached and trained Junior Fund Accountants with respect to the valuation process.
Liaised and responded to stakeholders such as Investment Managers, Compliance
team, and internal/external auditors as well as international clients and other Citco
offices worldwide.
Reconciled cash, capital and portfolio details in systems; updated funds market values,
trades and conversions on the custody system to reflect accurate profit and loss;
researched and entered securities prices, corporate actions details to ensure appropriate
independent sources are used for verification.
Coordinated project to research and analyze pricing upload breaks; contacting the
relevant team to amend setups which eliminated all manual pricing.
CIBC Mellon Global Securities, Fund Accountant
December 2002 – September 2005
Researched discrepancies; investigate special or questionable transactions, i.e., trade
corrections, corporate actions; liaise with clients and their representatives, as well as,
internal staff concerning issues affecting the valuation of funds.
Reviewed and reconciled daily transactions of assigned Canadian mutual funds -
analyzed daily cash flow activities, reconciled assets and cash balances, maintained a
balanced cash account and updated capital stock.
2. Reviewed security prices for accuracy, checking for correct security IDs and settlement
amounts; ensure share prices after corporate actions are properly reflected.
Prepared daily financial statements and performed additional audit checks to support the
calculation of net asset values; analyzed the increase or decrease of the net asset value
of a fund.
Merrill Lynch Canada Inc., Settlements Coordinator
June 1999 – July 2002
Processed and settled Canadian equities, Bonds, direct participant, free deliveries and
over the counter trades ensuring accuracy within tight deadlines.
Notified securities lending to recall securities on loan and the amounts to be borrowed to
enable trade settlements in a timely manner.
Communicated with different brokerages and traders regarding status of trades and
resolving problems in a timely manner.
Reviewed securities segregation report daily to minimize risk.
Managed securities and communicated with Compliance team to rectify short positions
so trades settle on time to minimize costs.
EDUCATION AND PROFESSIONAL DEVELOPMENT:
Algonquin College, Ottawa, Ontario
Business Administration, majored in Finance and Accounting
Canadian Securities Course
Canadian Investment Management Course
University of Toronto Continuing Education, Auditing and Governance