Aarush Rai
Private Equity Fund Accountant
Bangalore
Summary
A dynamic professional with 15 years of experience in Financial Services (Investment Management/Fund Accounting Services, Wealth Management). Working with EY GDS India Pvt Ltd. as Manager at Bangalore. We handle the Fund Accounting/Administrations services for all its Mutual funds and Private equity funds. An individual having comprehensive and conceptual knowledge in Accounting Standards Compliances, Financial Statement Analysis and Financial Products. Possess excellent interpersonal, communication and analytical skills with abilities in evaluating financial processes.
Overview
17
17
years of professional experience
1
1
Certification
Work History
Manager
EY GDS India Pvt. Ltd.
Bangalore
12.2022 - Current
- Maintain the general ledger and sub-ledgers for a range of funds and SPVs
- Managing Private Equity Fund as capacity of Fund Administrator (Fund ofFunds, Master Feeder/Blocker)
- Maintain the general ledger and sub-ledgers for a range of investors and funds
- Review limited partner and general partner/investors allocations
- Review capital call and distribution notices for limited partners/investors
- Review trial balances and supporting working papers and schedules
- Review payment instructions for investments, management fees and expenses
- Review complex calculation such as waterfall calculations, Equalisation management fees
- Interact with clients and client representatives
AVP
JP Morgan Services Pvt Ltd
Bangalore
08.2021 - 12.2022
- Assist the team in preparation and review of financial statements, and partner capital statements for Private Equity funds
- Review limited partner and general partner allocations
- Review capital call and distribution notices for limited partners
- Review trial balances and supporting working papers and schedules
- Review payment instructions for investments, management fees and expenses
- Review complex calculation such as waterfall calculations, management fees
- Interact with clients and client representatives
- Maintain the general ledger and sub-ledgers for a range of funds and SPVs
- Perform reconciliations and daily/weekly cash monitoring
Manager
State Street Corporation
Bangalore
01.2019 - 08.2021
- Responsible for maintaining books and records including NAV calculation for Private Equity funds
- Review/Review financial statements and associated reports, including performance metrics for quarterly/semi reporting
- Participate and review calculations of carried interest/performance/incentive fees
- Participate and review in calculations of investor allocations for capital calls, distributions using water fall model
- Participate and review partner capital account statements.
Assistant Manager
Viteos Fund Services
Bangalore
05.2018 - 01.2019
- Review and review monthly/quarterly net asset value (NAV) calculation and partner statement for private equity fund
- Calculation of capital call and distribution allocation upon client directive; assist in generation of their notices to investors; monitoring cash contribution or withdrawal as needed
- Provide support and answer query to external auditors in connection with interim & year-end audits.
Associate Manager
SSHCL Services Pvt LTD
04.2015 - 05.2018
- Evaluates and reconciles complex funds of Private Equity, and collective for production of client month-end reports or for monthly valuation
- Verifies complex transactions, audits income reports within scheduled timeframes and resolves exceptions on a monthly/periodic basis for fund accounts.
Team Leader
Cognizant Technology Solution Ltd.
11.2011 - 04.2015
- Conducts performance management and career development processes, and staffing and disciplinary actions
- Responsible for expense budgeting, accrual posting, management fee calculation
- Assist the Team Manager in establishing goals and objectives for the team.
Specialist
AXA Business Services Pvt. Ltd.
03.2009 - 11.2011
- Responsible for daily/monthly reconciliation for cash and stock between Client and Custodian using TLM (Transaction Life Cycle Management) application
- Posting missing entries into Clients book to match up with banks entry else follow up with bank to correct their side entry.
Process Executive
Infosys BPO Ltd.
Pune
08.2007 - 11.2008
- The Mutual Fund Profiles Department supports the Mutual Fund Sales Desk, and the Alternate Investments Group with the testing of new fund distributors, products, funds, features and compensation options
- Also responsible for the processing of all mergers and remediation within the Mutual Fund world.
Education
Post Graduate In Finance And Management - Finance And Management
Great Lakes Institute of Management
Chennai 07.2016 - 3 2018
B. Com - Accounting And Business Management
Andhra University
Visakhapatnam 06.2002 - 5 2005
Skills
Performance Management
Workforce Management
Operations Management
Strategic Planning
Financial Reporting
Certification
Lean Six Sigma Yellow Belt
Knowledge Purview
Fund Accounting, Investment Management Operations, International Capital Market Operations, Cash & Position Global Recon, Financial Reporting
Managerial Role And Responsibilities
Manage the team size of 5-10 Fund accountant and has capacity of better People Management to achieve the goal at Team level. Reviews with different Business units related to progress of transition and status of process Maps. Review and maintain different tracker related to errors and Quality of research done on funds. Plan back fills in team for continuity in case of short fall of head count. Set the Goals per associate level and discuss in ONE to ONE with each individual in terms of monthly rating, yearly Appraisal. Influence discussion in daily meeting with team. Maintaining the proper engagement and discuss the issues or conflict within team if any regarding work load issue. Work on cross training model and Review the different Risk & Compliance model to control the accuracy of production delivery. Process Review and improvement in Activity is also the part of my leadership assignment. Automation of process and implement them at associate level
Technical And Systems Expertise
- Geneva
- Arcesium
- Investran
- US GAAP
- Arc Fund Suite
- MS Office using Excel, Word, Power-point, MS Visio and MS Projects
Personal Information
- Date of Birth: 11/16/83
- Gender: Male
Timeline
Manager
EY GDS India Pvt. Ltd.
12.2022 - Current
AVP
JP Morgan Services Pvt Ltd
08.2021 - 12.2022
Manager
State Street Corporation
01.2019 - 08.2021
Assistant Manager
Viteos Fund Services
05.2018 - 01.2019
Post Graduate In Finance And Management - Finance And Management
Great Lakes Institute of Management
07.2016 - 3 2018
Associate Manager
SSHCL Services Pvt LTD
04.2015 - 05.2018
Team Leader
Cognizant Technology Solution Ltd.
11.2011 - 04.2015
Specialist
AXA Business Services Pvt. Ltd.
03.2009 - 11.2011
Process Executive
Infosys BPO Ltd.
08.2007 - 11.2008
B. Com - Accounting And Business Management
Andhra University
06.2002 - 5 2005