Summary
Overview
Work History
Education
Skills
Application/Tools
Computer Skills
Accomplishments
Timeline
Generic

Ajay Chauhan

Senior Associate - Fund Accounting
Thane

Summary

Dynamic and results-driven financial services professional with 8 years of experience in fund operations, accounting, and reconciliation, specializing in private equity. Proven ability to manage portfolios, execute fund accounting activities, and deliver comprehensive financial reports. Recognized for leadership, problem-solving, and fostering a collaborative team environment. Seeking a challenging role to leverage expertise and drive growth.

Overview

9
9
years of professional experience

Work History

Senior Associate

CSC Global Pvt Ltd. (Intertrust Group)
03.2024 - Current
  • Fund Accounting – Private Equity:
  • Managed accounting operations for multiple Private Equity portfolios, ensuring compliance with industry standards and regulations.
  • Worked on accounting entries, accruals, and interest calculations, maintaining accuracy and timeliness in financial reporting.
  • Processed cash entries and reconciled various portfolio accounts on a weekly basis to ensure accurate cash management.
  • Facilitated contributions and distributions, preparing detailed Partnership Capital Account (PCAP) and Capital Account Statements.
  • Calculated and allocated management fees in accordance with fund agreements.
  • Prepared quarterly financial statements, including balance sheets and profit and loss reports, along with Net Asset Value (NAV) calculations.
  • Compiled annual financial statements in compliance with applicable accounting standards (e.g., IFRS, GAAP), enhancing transparency with stakeholders.
  • Collaborated with clients and auditors to provide essential information and support for compliance and financial reporting requirements.
  • Identified and implemented process improvements for increased efficiency in fund accounting operations.

Senior Process Executive

Cognizant Technology Solutions India Private Limited
06.2021 - 02.2024
  • Fund Operations – Private Equity:
  • Managed Real Estate, Infrastructure, Healthcare and other Private Equity Funds.
  • Processed back-office fund accounting activities for a leading Private Equity firm, maintaining accurate records and financial integrity.
  • Managed the accounting and accruals for the various portfolios.
  • Tracked and entered journal entries in Investran for income, expenses, gains/losses, transfers, capital calls, and management fees for both private equity funds and funds of funds.
  • Prepared capital call and distribution notices, reconciling allocations with Investran schedules to validate accuracy.
  • Processed journal entries for partners’ transfers among limited partners, ensuring proper allocation and record-keeping.
  • Estimated remaining investments and commitments, allocating interest for General Partners (GPs) and Limited Partners (LPs) as per agreements.
  • Ensure continuous improvements in the process to bring efficiency and accuracy in reporting.
  • Detailed review of the work performed by the team to ensure adequacy and accuracy.
  • Interaction with multiple stakeholders.
  • Reviewing errors and develop corrective action plans.
  • Imparting process trainings to the new members.
  • Involved in preparing monthly and quarterly MIS reports for resource utilization and matrices.
  • Preparing Standard Operating Procedure (SOP) documents for various transitioned process.
  • Cash Team:
  • Reconciled funds of investment managers with bank accounts to ensure accurate cash positioning.
  • Extracted bank reports using online tools and email, preparing cash upload files for effective reconciliation and balance checks.
  • Compiled reporting files for cash balances and investigated orphan transactions to resolve discrepancies.
  • Utilized applications such as Electra, Geneva, Outlook, and Excel for data management and reporting.

Senior Associate

State Street Syntel Services Pvt. Ltd.
09.2016 - 06.2021
  • External Reconciliation:
  • Performed daily reconciliation of cash and assets between investment manager records, custodian banks, and broker statements to ensure accuracy and resolve discrepancies.
  • Investigated and rectify variances in cash balances, ensuring timely corrective actions for overdrawn accounts or unexplained differences.
  • Reconciled various capital market products, including Fixed Income Securities, Equities, Bonds, and Derivatives (Futures, Options, Swaps) against broker statements.
  • Managed collateral reconciliation, including broker, cash, and client collateral, liaising with relevant settlement teams and custodians to address any discrepancies.
  • Oversaw settlement of Forex (FX) transactions by coordinating with custodians and settlement teams.
  • Processed corporate actions such as coupon payments, dividends, redemptions, and corporate events (e.g., call or tender offers).
  • Collaborate with custodian banks, brokers, settlement teams, and onshore teams via email, calls, and other communication channels to ensure smooth operations.
  • Assisted clients and account managers with ad hoc fund and account-related inquiries, cash flow postings, and overdraft investigations within strict deadlines.
  • Used financial applications such as Excel (reconciliation and reporting), SMARTS (transaction details and postings), PLM & TLM (transaction lifecycle management), Outlook, and IQM (email management) to support operational processes.

Education

Masters of Commerce - Accountancy & Finance

University of Mumbai
01-2020

Bachelor of Management Studies - Finance

IMCOST
01-2016

Skills

  • Private Equity
  • Capital Market
  • Reconciliation
  • Fund Operation
  • Equity & Derivative
  • Leadership
  • Management

Application/Tools

  • Investran
  • Geneva
  • Electra
  • SMARTS
  • PLM (Production Lifecycle Management)
  • TLM (Transaction Lifecycle Management)
  • IQM (Inquiry Manager)

Computer Skills

MS Office (Word, Excel, Outlook & Power Point)

Accomplishments

  • GEM Award
  • SPOT Recognition
  • EBRS (Engaged Team Member)
  • Value Award “Adaptive”
  • Titan of the Month
  • Performance Converge Award
  • Recognized as Deputy Team Lead

Timeline

Senior Associate

CSC Global Pvt Ltd. (Intertrust Group)
03.2024 - Current

Senior Process Executive

Cognizant Technology Solutions India Private Limited
06.2021 - 02.2024

Senior Associate

State Street Syntel Services Pvt. Ltd.
09.2016 - 06.2021

Masters of Commerce - Accountancy & Finance

University of Mumbai

Bachelor of Management Studies - Finance

IMCOST

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Ajay ChauhanSenior Associate - Fund Accounting