ASHISH NEGI
Delhi
Summary
Dedicated Fund Accounting Professional with 7+ years of expertise in overseeing financial transactions, analyzing investment portfolios, and ensuring precise reporting. I am eager to leverage my skills in investment accounting and financial analysis to contribute effectively to a dynamic finance team.
Overview
8
8
years of professional experience
1
1
Certification
Work History
Senior Associate
Apex Fund Services
Pune
05.2024 - Current
- Preparing and reviewing financial statements in compliance with Australian accounting standards and tax regulations
- Managing daily accounting operations for a portfolio of hedge funds, including fund valuation, reconciliation, and financial reporting
- Processing and verifying trade instructions for equities, fixed income, and derivatives, adhering to strict investment guidelines and compliance requirements
- Calculating and processing monthly administrative fees, management fees, High Water Mark (HWM) hurdles, incentive fees, and NAV calculations, maintaining consistency and precision in fee structures
- Calculating and applying RITC for eligible input tax credits, optimizing the tax position of funds, and calculating overall GST liabilities
- Preparing and reviewing monthly, quarterly, and annual financial statements, investment performance reports, and investor statements to provide clear and detailed financial insights.
Senior Fund Accountant
Citco LLP
Pune
04.2022 - 02.2024
- Responsible for preparing/validating NAVs of hedge funds and private equity clients on Monthly/Quarterly basis
- Manage daily investment accounting operations including Cash and Bank reconciliations
- Calculation of monthly Admin fee, Management fee, HWM Hurdle rate, incentive fee, and NAV on monthly basis
- Ensure accurately Booking of Capital subs & redemption and investorwise allocation
- Prepare monthly & quarterly and annual financial statements investment performance reports and investor statements
- Prepare Monthly Budget trading (non-trading accruals, P & L, Master feeder dealing - investor allocation every month
- Participate in testing and implementation of automation of work contributing to seamless transition
- Played pivotal role in migration of Funds from manila office to Pune office.
Associate Manager
SSNC Globe ops
Gurugram
01.2021 - 04.2022
- Daily Cash Position Bank reconciliation and resolve discrepancies
- Processed and verified trade instructions for equities fixed income and derivatives in compliance with investment guidelines
- Recording and reconciling investor transactions including subscription redemptions switches and transfers
- Prepare Budget NTA accruals Sundry accruals and bond recon
- Prepare P & L, MDS, and Investor allocation sheet
- Calculate Admin fee, Management fee, incentive fee, and NAV
- Prepare dailies and monthly financial reporting packages for Hedge Funds (Trial balance, P&L Statement - Balance Sheet).
Associate
NTT DATA
Gurugram
06.2019 - 01.2021
- Performed cash-position reconciliation and resolved discrepancies on time
- Executed admin, management and handled performance fee calculations
- Ensured fund income and expenses adhered to approved budgets
- Extracted investor and client reports, including audit confirmations
- Conducted Fund accounting services for Private Equity and Hedge Funds, managing monthly close, NAV report processing, and Quarterly/Annual financial generation
- Ensured accuracy in daily journal entries, management fee calculation, and accrued expenses reimbursement calculations.
Associate
Jain Chopra & Co.
Delhi
01.2017 - 06.2019
- Proficiently prepared books of accounts, including booking invoices, maintaining journal ledgers, and ensuring accurate trial balances
- Successfully compiled Profit and Loss accounts and Balance Sheets in adherence to accounting principles and regulatory standards
- Conducted detailed reconciliation processes, including bank reconciliations, to verify accuracy of financial data
- Prepared comprehensive reports for store management at NAVRATNA company, offering valuable insights into inventory management
- Played key role in restructuring books of account for Masala Pond, optimizing financial processes and ensuring compliance.
Education
B.Com (H): Commerce -
Ramanujan College
Delhi, Delhi, India07.2016
Skills
- Hedge funds
- Private Equity
- Money Market
- Capital Market
- MS Office
- Macros
Certification
- NISM-XV Research Analyst, Delhi, Delhi, India
- NISM-XVIII: Private Equity Derivatives, Delhi, Delhi, India
- Diploma in IFRS, Delhi, Delhi, India
- Project Management Certification
Timeline
Senior Associate
Apex Fund Services
05.2024 - Current
Senior Fund Accountant
Citco LLP
04.2022 - 02.2024
Associate Manager
SSNC Globe ops
01.2021 - 04.2022
Associate
NTT DATA
06.2019 - 01.2021
Associate
Jain Chopra & Co.
01.2017 - 06.2019
B.Com (H): Commerce -
Ramanujan College
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