Hemant Dengla: Associate | Financial Operations at Arcesium

In conversation with Hemant Dangla, Financial Operation Associate, at Arcesium. Before working at Arcesium, he worked as a Tax Consultant at Deloitte India and did an Internship as a Trainee at BlacPearl Consultancy LLP. We would like to understand the role and responsibilities of Associate Financial Operations from him

 

1. Describe your work and work profile in a very simple manner?

   

My work is to analyze financial mismatches between accounts of Hedge Fund with that of their prime brokers and administrator.

 

2. Can you share your Daily Routine with us?

My day starts with reading the newspaper, it is of utmost importance to me, you may call it a meal my brain needs to get every day. My day at the office usually starts around 13:00 hrs so I have ample time to study for other professional courses in finance. Once in the office, my work starts with doing analysis of daily RECs followed by weekly RECs at the evening and monthly RECs during the second week of each month. After I would like to end my day with a good read of any non-fiction for at least 30 minutes

 

3. How did you reach this stage in your career?

I did MBA and was picked up as Tax consultant by Deloitte where I worked for 8 months, but due to my active interest in finance I continued with further education and ended up clearing CFA L1 at the same time, along with it I happen to be voracious reader and love to spend reading Non-fiction especially Finance and Economics books. Apart from this number-crunching is something that came naturally to me and due to some reason, numbers intrigue me a lot. So when the offer to work for Arcesium came to me I was pretty excited as it correlated with my interests. My habit of reading books and the knowledge I gained from CFA L1 helped me crack the interview

 

4. What skills should a candidate possess if he wants to take up a profession similar to yours?

• • Number crunching is something that should flow in the blood.
• • Accounting background would be an added advantage.
• • Knowledge about alternative investments with a focus on hedge funds.
• • A decent understanding of various products under derivatives.
• • Must be proactive and a learning attitude.

 

5. What are the Pros & Cons of your profession?

Pros :

• • Work is interesting and challenging so it keeps you intrigued to it.
• • One gets to learn about working in the hedge fund industry.
• • It offers a deep insight into operational- level risk management of Hedge funds.
• • Rewarding and career which offers good pay.

Cons :

• • Long working hours, though in the finance industry this is pretty normal no matter what field you choose within it.
• • One needs to be prepared psychologically because often doing analysis all day, fatigues the brain out by end of the day but you need to be on your feet and can't afford mistakes in it.

 

6. What advice would you give to the fresher’s who are willing to venture into this line?

Be proactive and have a learning attitude without worrying about results and act as the owner of work that is allotted to you, it does increase your efficiency.

 

Final Notes

“The views & opinions expressed in the article are that of the author. The blog contains the opinions of the author and doesn’t reflect the opinions of any organizations with which the author may be associated. The graphics are for illustrations purpose only we do not mean to plagiarize anybody else’s content”