Kiran L. Lad
Assistant Vice President
Pune,MH
Summary
Finance professional with 14+ years of expertise in hedge fund accounting, private equity administration, and institutional fund management. Specialized in NAV reporting, performance fee structures (Soft Hurdle, Hard Hurdle, High-Water Marks, Carried Interest), reconciliations, and investor allocations. Proven leader with a track record of managing teams, onboarding funds, and delivering accurate, audit-ready financials under US GAAP and IFRS.
Overview
19
19
years of professional experience
Work History
Assistant Vice President – Hedge Fund Accounting
Apex Fund Services
01.2022 - Current
- Directed daily/weekly/monthly NAV calculations for hedge funds with multi-billion AUM, ensuring 100% SLA compliance.
- Reviewed and validated performance fee structures including Soft Hurdle, Hard Hurdle, High-Water Mark adjustments, and carried interest allocations.
- Delivered financial reporting for institutional clients involving reconciliation of cash, securities, derivatives (CFDs, Futures, Options), and private equity interests.
- Partnered with investment managers to ensure accurate incentive allocation reporting in line with offering memorandum terms.
- Managed client onboarding and fund migration into Paxus platform, streamlining accounting, investor allocations, and reporting workflows.
- Supervised a team of 5 analysts, conducting performance appraisals, mentoring, and driving process improvements.
- Collaborated with audit teams to deliver audit-ready financial statements, supporting internal and external reviews.
- Led the successful implementation of automated accounting systems, enhancing accuracy and efficiency in hedge fund reporting.
- Oversaw compliance with regulatory standards, ensuring accurate financial reporting and reducing audit discrepancies.
- Managed a team of accountants, providing mentorship and fostering a culture of continuous improvement and development.
- Streamlined fund accounting processes, resulting in improved turnaround times and enhanced client satisfaction.
Manager – Asset Owners
State Street India Ltd
08.2021 - 12.2022
- Managed a team of 4 supporting pension funds and private equity clients, delivering accurate fund accounting and investor reporting.
- Coordinated with onshore counterparts and internal teams (Fund Setup, Custody, Billing) to resolve operational issues and meet strict deadlines.
- Produced and presented monthly client report cards, highlighting SLA performance across multiple workstreams.
- Led recruitment, training, appraisals, and transitions, enhancing operational efficiency and client satisfaction.
- Planned and executed month-end close activities, ensuring timely reporting across all client portfolios.
Lead Representative – Global Institutional Accounting
Bank of New York Mellon
08.2010 - 08.2021
- Delivered GAAP-compliant financial reporting for institutional clients, reconciling cash, securities, derivatives, and alternative investments.
- Validated incentive and performance fee structures including Soft/Hard Hurdle models and carried interest reconciliations with investment managers.
- Priced mutual funds and hedge funds, investigated valuation discrepancies, and resolved trade settlement breaks.
- Prepared NAVs, income, and expense reports, including posting journal and accrual entries.
- Partnered with internal teams (Pricing, Derivatives Ops, Compliance, Cash) to resolve complex valuation and reconciliation issues.
- Recognized with Employee of the Month (2x) and Best Team of the Month (3x) for accuracy and client service.
Customer Support Executive
HDFC Bank Ltd
02.2007 - 08.2008
- Resolved client queries related to credit cards and loan products through inbound service desk.
- Educated clients on repayment cycles and customized loan offerings.
Education
ESG Certification -
Director’s Institute
01.2025
Independent Director - MCA
IICA
01.2024
MBA Finance - undefined
ASMA Institute
01.2010
B.Com - undefined
Pune University
01.2005
Skills
Hedge Fund Accounting
Career Highlights
- Directed NAV and investor allocation reporting for hedge funds and private equity funds with multi-billion AUM.
- Delivered financial reporting for institutional clients involving reconciliation of cash, securities, derivatives (CFDs, Futures, Options), and private equity interests.
- Expertise in performance fee and incentive allocation methodologies including Soft Hurdle, Hard Hurdle, High-Water Marks, and Carried Interest.
- Led onboarding and migration of hedge fund clients into Paxus, streamlining operations and enhancing accuracy.
- Managed teams of 5–10 professionals, improving efficiency, accuracy, and client service delivery.
- Recognized with multiple performance awards at BNY Mellon for operational excellence and client satisfaction.
Timeline
Assistant Vice President – Hedge Fund Accounting
Apex Fund Services
01.2022 - Current
Manager – Asset Owners
State Street India Ltd
08.2021 - 12.2022
Lead Representative – Global Institutional Accounting
Bank of New York Mellon
08.2010 - 08.2021
Customer Support Executive
HDFC Bank Ltd
02.2007 - 08.2008
Independent Director - MCA
IICA
MBA Finance - undefined
ASMA Institute
B.Com - undefined
Pune University
ESG Certification -
Director’s Institute