Harshvardhan Singh

Fund Reporting – Hedge Funds | Real Estate | Mutual Funds | IFRS | US GAAP

• Job Function - Leading the Fund Reporting practice consisting of 50+ members who are primarily engaged in preparing the Financial Reporting packages of various Alternative Funds basis Global Accounting GAAP principles like IFRS and US GAAP
• Leadership - Set and manage the functional performance in a strategic direction, while ensuring smooth delivery of day-to-day operations for the FAR function under Audit & Assurance
• Leading a team of Managers & Senior Managers to ensure that overall delivery of services is within agreed SLA's & KPI's as defined
• Customer Relationship Management - Manage customer relationship and liaise with the client for ensuring alignment on process related activities, changes in process and identifying opportunities to transition more activities to Deloitte India
• Being the point of escalations for any issues or concerns relating to quality of the output
• Transition Support - Play a lead role in transition of processes by bringing in shared service specific knowledge & best practices for smooth implementation and execution
• Providing inputs by participating in Technology testing & demos, UATs & deployment activities during process transition
• Working closely with Tower leads to establish the right organization for the FAR practice (relating to people, skillset, reporting relationships etc.)
• Team Management- Carry out team management responsibilities in accordance with the organization's policies and applicable laws, including: Planning &assigning
• Appraise performance; provide feedback and coaching, and reward and discipline employees
• Provide opportunities for learning and self-development and facilitate the development of technical competencies
• Continuously strive to build a culture of high-performance
• Facilitate effective teamwork and builds collaborative relationships internally and externally
• Service Excellence - Ensuring that overall delivery of services to Operating companies meets or exceeds agreed KPIs, and SLAs and is within a strong internal control framework
• Partner with the Service Management team to Develop and track Service Level Agreements (SLA) to ensure service delivery excellence
• Innovation and Continuous Improvement - Create a mindset of innovation aimed at constantly challenging the norm to drive business value
• Responsible for ensuring a disciplined approach to operational excellence/performance management is in place and evolves over time
• Driving ongoing continuous improvement through LEAN/ six sigma, automation opportunities within all processes to improve profitability.

Fund Accounting - Private Equity | Asset Servicing | Middle Office

• Responsible for key activities related to fund accounting and management of the funds from a controllership perspective – such as overseeing and reviewing fund accounting deliverables from external fund administrators including but not limited to: valuations, performance, management fee and carried interest calculations, investor capital balances and financial statements associated with the funds’ reporting close periods.
• Work with the Global Fund Finance Teams to ensure appropriate accounting, reporting, operational and internal controls across the organization. Identify process improvement opportunities and help provide solutions and implementations to maximize efficiency.
• Collaborate and integrate with other internal teams such as Valuations, Client Services, Operations, Compliance, Legal, Tax, Technology, Portfolio Monitoring etc. to effectively carry out fund management and operational activities around investor onboarding/servicing, liquidity management (cash and credit), lender compliance, hedging activities, regulatory and compliance reporting/filings.
• Assist with internal quarterly reporting of funds' asset and revenue figures including preparing reports to facilitate the funds’ consolidation requirements and SOX requirements, as applicable.
• Manage the funds’ annual and quarterly reporting/filing requirements to key external stakeholders such as investors and compliance/regulatory bodies based on governing documents and other statutory requirements. This includes preparation of quarterly unaudited reporting and annual audited financial statements along with investor capital statements.
• Keep abreast of all major accounting, regulatory and reporting changes that affect the funds.
• Assist with resolution of all investor-related queries and other ad-hoc reporting templates.
• Support the team’s key strategic initiatives and other ongoing firmwide transformation efforts such as technology and process re-engineering projects.

Fund Reporting - Hedge Funds | Mutual Funds | Private Equity

• As an Assistant Manager in the financial reporting group of the firm, my role was to prepare/ review, and file the financial reports for hedge funds, mutual funds, private equity funds (as per US GAAP/ IFRS) and other regulatory reports
• Was responsible to review and approve monthly investor account statements, funds’ performance indicators
• Was also responsible for driving technology projects to build tools for reporting and analyses, streamlining workflows, and improving stakeholder experience
• Preparing and reviewing the quarterly and annual primary financial statements of Hedge Funds, Private Equity and Mutual Funds as per the required disclosures, notes and other performance analysis in line with IFRS, US GAAP, Irish GAAP and UK GAAP
• Dealing with auditors and client queries on the financial statements and making appropriate changes where ever applicable
• Ensuring to make sure that all controls/checklists are adhered to as well as make recommendations for improvement were necessary
• Conducting root cause analysis of errors & formulating review & prevention plan in order to mitigate process gaps.

Fund Accounting – Hedge Fund Services (HFS)

• As a part of the Northern Hedge Funds Service (NTHFS) team, my role was to prepare/ review, the monthly NAV/GAV packs for US based Hedge Funds as per the set procedures
• Was also responsible to review and approve monthly investor account statements and fund performance indicators
• Prepare and Review the monthly NAV/GAV packs for US based Hedge Funds
• Ensure process and procedures are adequate to meet quality standards and are consistently applied and regularly reviewed
• Work with and liaise with teams across the organization, including communications with portfolio managers, investor relations, operations, tax and financial reporting along with external fund administrators and external auditors to meet all monthly, quarterly and annual reporting deadlines
• Review calculation of management fees, incentive fee/carry
• Monitor compliance with the Fund’s Limited Partnership Agreements and credit facilities, including the preparation or review of compliance reporting.

Fund Accounting – Hedge Funds (HSBC Security Services)

• HSBC Securities Services through its A&V business provides support to clients, who are Fund Managers by managing their Accounting and Valuation related functions across one or multiple locations which includes Dublin, Luxembourg and Isle of Man
• Prepare and Review the monthly NAV/GAV packs
• Ensure process and procedures are adequate to meet quality standards and are consistently applied and regularly reviewed
• Reporting daily analysis of price variance, tolerance checks, fund specific entries and corporate actions monitoring for each fund under process
• Ensuring the availability of the required Prime broker statements via emails or Broker websites
• Responsible for handling queries for all the Jurisdictions and liaise with the concerned groups for getting issues resolved.