Aditya Deshpande
Mumbai
Summary
Senior finance and fund-accounting professional with 14+ years of experience across Hedge Fund Accounting, Client Onboarding, Process Transitions, and Team Leadership. Proven track record in managing large teams, driving operational excellence, delivering accurate NAVs, and leading multiple system migrations. Recognized for strong problem-solving skills, stakeholder management, and the ability to optimize processes through automation initiatives.
Overview
14
14
years of professional experience
Work History
Assistance Vice President
CITCO
Mumbai
04.2021 - Current
- Led the preparation of weekly, monthly, and quarterly Net Asset Value (NAV) calculations for hedge funds, and hybrid funds.
- Understanding the LPA / Fund document & creating necessary setup in the accounting system especially regarding management fee template & Performance fee template.
- Calculating management and performance fees, including complex structures such as high-water mark, with meticulous attention to detail.
- Clearing cash breaks & position breaks by maintaining Cash & Position reconciliations.
- Reconciling Interest/Dividend/Stock borrow fee with Broker statements.
- Completing Audit by providing all necessary data to Auditors in timely manner.
- Resolving client / auditor queries. Making sure that all accruals are posted in the accounting system & are having proper backups.
- Implemented efficient processes for booking trades in the system, ensuring accuracy and compliance with industry standards.
- Internal Price Verification (IPV) procedures with BBG, Reuters etc. to validate asset valuations and maintain transparency.
- Managing accruals and prepaid expenses, maintaining accurate records, and facilitating smooth financial reporting.
- To provide various financial reports and schedules for stakeholders, demonstrating strong communication and analytical skills.
- Led reconciliation efforts for balance sheet and profit & loss accounts, resolving discrepancies in a timely manner.
- Oversaw unit tracking at the investor level, ensuring precise recording of transactions and investor communications.
- Reconciling broker statements, verifying transactions, and maintaining strong relationships with external partners.
- Spearheaded a special project involving the migration of fund data and processes, demonstrating strong project management skills and attention to detail.
- Preparing ATR (Administrative Transparency Report) on monthly / quarterly basis including FAS Level verification.
- Successfully completed New Fund launches.
- Liquidation process such as adjusting hold back amount by post liquidation expense, income if any, completion of liquidation checklist etc.
- Conducting team hurdle on daily basis, weekly team meetings, and performance review including yearly rating.
- Supervising junior staff reviewing and signing off on work performed.
- Identify and escalating any material issues affecting service delivery to the vice president.
- Mentor supervisor and senior fund account progression and identify area of training and development.
- Handling a team of 10 to 12 professionals.
Asst. Manager
BNP PARIBAS
Mumbai
12.2018 - 03.2021
- Strong expertise in fund accounting NAV Calculation and its associated functions, collaborating effectively with various stakeholders such as Custody, TA, Pricing, and Corporate Actions.
- Acted as the Subject Matter Expert (SME) in NAV Calculation Processing and Review, demonstrating in-depth knowledge across all funds and instrument types.
- Generated NAV calculations promptly according to SLA requirements, ensuring complete NAV packs with precise report generation, timely delivery, scanning, and archiving.
- Validated and justified all reconciliation discrepancies in TA, Cash, and Stock for each calculated NAV.
- Executed month-end and year-end responsibilities, contributing to timely financial reporting.
- Prepared and reviewed internal audit packages for submission to internal and external audit firms, ensuring compliance and accuracy.
- Played a pivotal role in the migration process from Chennai to Mumbai, taking the lead to ensure process stabilization.
- Initiated prompt resolution of queries and managed escalations, ensuring effective communication with clients.
Senior Associate
BNP PARIBAS
Chennai
08.2016 - 12.2018
- Reviewing corporate action booked in the system and ensuring that the same is correctly reflected in the books. Dividend and interest reconciliation with broker reports.
- Finalization of the Daily/Monthly NAV of the client.
- Prepared cash/position reconciliation and resolved breaks, notifying clients of valid discrepancies.
- Communicated with clients on daily estimates, NAV reporting, and query resolution.
- Reviewing pricing of the portfolio and analyzing the pricing exception if any.
- Checking that trades advised by the Broker and IM are booked correctly into the accounting system.
- Process non-automated transactions including OTC derivatives and their related cash transactions.
- Assisted with operations for automation and work migration projects.
- Developed key standard operating procedures for processes migrated from Luxembourg to Chennai.
Senior Associate
State Street Syntel services Pvt. Ltd.
Pune
04.2012 - 07.2016
- Reconciled trades with various vendors to ensure accuracy in financial reporting compliance.
- Reviewed corporate actions in Bloomberg, verifying alignment with accounting systems.
- Performed complex general accounting tasks, including journal entries and reconciliations for comprehensive financial oversight.
- Analyzed fund accounting activities across domestic and global platforms for operational insights.
- Processed investment-related actions affecting fund assets and income accurately.
- Identified discrepancies in general ledger entries, implementing necessary corrections.
- Facilitated NAV dissemination by reconciling transfer agent statements with accounting records.
- Trained incoming staff on essential accounting practices, enhancing team competency.
Education
MBA - Finance
Pune University
03-2011
Bachelor's Of commerce -
Pune University
04-2008
Skills
- fund accounting
- NAV calculation
- Staff management
- MS Office proficiency
- Critical thinking
- Meets deadlines under pressure
- Organizational skills
- Honest when dealing with coworkers
Extracurricular Activities
NCC B & C cert. Complicated from 57 Maharashtra battalion Club service director at Rotaract club of Pune Pashan
Hobbies and Interests
- Reading historical books
- Listening Music
- Watching movies
Personal Information
- Date of Birth: 11/07/87
- Nationality: Indian
Languages
English
Advanced (C1)
C1
Hindi
Advanced (C1)
C1
Marathi
Native
Native
Timeline
Assistance Vice President
CITCO
04.2021 - Current
Asst. Manager
BNP PARIBAS
12.2018 - 03.2021
Senior Associate
BNP PARIBAS
08.2016 - 12.2018
Senior Associate
State Street Syntel services Pvt. Ltd.
04.2012 - 07.2016
MBA - Finance
Pune University
Bachelor's Of commerce -
Pune University