Kishor Matere
Associate Director
Pune
Summary
Accomplished Associate Director with extensive expertise in fund accounting operations and a proven track record of leading high-performing teams at SS&C. Demonstrated proficiency in private equity, real assets, and hedge funds accounting, successfully transitioning processes to enhance operational efficiency. Recognized as a strong communicator, adept at fostering client relationships and ensuring satisfaction. Highly skilled in fund accounting, end-to-end NAV calculation, valuation, and reporting, consistently delivering quality service with precision and innovative solutions.
Overview
17
17
years of professional experience
4
4
Certifications
3
3
Languages
Work History
Associate Director
SS&C Fintech Services India Private Limited
06.2023 - Current
- Lead, mentor and motivate a team of 10+ PE fund accountants.
- Assistance with managing client deliverables and coordinate with different internal departments in multiple jurisdictions to ensure deadlines are met.
- Prepare and/or review NAV calculation, audited and unaudited financial statements, partner capital statements, management fee calculation, drawdowns, distributions and the underlying work papers.
- Act as one of the daily points of contact for clients, ensure to communicate promptly and professionally with clients and develop ongoing relationship
- Prepare appropriate material and responses for client meetings and other requests.
- Coordinate, support and facilitate the external audit process and other third party reporting
- Opportunity to broaden exposure by working on investment accounting, fund administration, client servicing and investor servicing.
- Being able to implement new processes and technology to support new business initiatives, improve control and increase operating efficiency.
- Develop and demonstrate the skill set required to work under pressure in a high growth environment, implement high quality processes with strong focus on process development.
- Networking and communicating across Private Markets and associated internal and external businesses; interacting with Risk & Controls, Legal, Implementations and Sales.
Assistant Vice President – Level 2
Apex Fund Services LLP
01.2023 - 05.2023
- Responsible to review/prepare the NAVs of the Hedge Fund clients on a daily/Monthly basis.
- Prepare Cash/Position/Market Value Reconciliations and resolving breaks. Notify Clients/CSMs of valid breaks.
- Reviewing the corporate actions booked in the system and ensuring that the same is correctly reflected in the books.
- Responsible for accruing/amortizing daily or monthly non-security related Fee accruals including management fees, performance/incentive fees, and financing accruals.
- Effective communication with clients on daily reporting of Estimates/NAVs/Query resolutions.
Supervisor
Citco Group Services (India) LLP
01.2020 - 01.2023
- Preparation of Net Asset Value calculations, financial statements and associated reports for larger, complex clients, within deadlines.
- Responsible for accurate verification of fee accruals in the accounting system in accordance with the PPM/agreed Fee Budget, preparation and monitoring expense budget analysis.
- Responsible for calculation of performance/incentive fees in the NAV and their respective payment.
- Finalizing the month end NAV of the client and providing Investor Level Allocation reports at month-end.
- Working closely with the (Senior)/Fund Accountants to manage timelines, workflows and deliverables within agreed SLA’s.
- Assisting Assistant Vice President in meeting client expectations by monitoring timely delivery of daily, weekly and monthly deliverables.
- Valuation of hedge fund portfolio holdings on daily/weekly/monthly basis.
- Ensure all instruments are priced per valuation policy of the client and timely completion in line with SLAs.
- Verify all instrument prices are in line with current market prices.
- Investigate, communicate and resolve valuation/P&L related issues with hedge fund clients or another CITCO team.
- Prepare IPV reports such as Profit and Loss, Valuation Analysis, state price check and other related reports.
- Review the work performed by the Fund Accountants and Senior Fund Accountants before sending sign-off to the relative parties.
Assistant Manager
State Street Corporate Services Mumbai Pvt Ltd.
10.2017 - 12.2019
- Managing client relationships with both client personnel and fund investors.
- Reviewing and/or preparation of quarterly and annual financial work paper packages including portfolio schedules, accruals and PCAP allocations.
- Review and/or preparation of capital calls and distributions, including notices and release merged documents.
- Reviewing daily bank reconciliations and post journal entries.
- Reviewing quarterly management fee calculations.
- Review and/or preparation of waterfall and capital account allocations.
- Review and/or preparation of various client related correspondence.
- Coordination of annual audit and tax return preparation with Big 4 accounting firms.
- Maintain working relationship with all client contacts, including investment professionals, investors, auditors, lawyers, and banking personnel.
Process Lead
BNY Mellon International Operations (India) Pvt. Ltd.
11.2012 - 09.2017
- Preparing capital call and distribution calculations in order, to facilitate capital funding requests from clients.
- Preparing and reviewing fund operating expense accrual budgets, as well facilitate wire instructions for vendor expense payments.
- Processing portfolio trade activity related to fund investments.
- Preparing and reviewing a fund’s cash and asset reconciliation.
- Executing PNL allocations to Investors.
- Preparing and reviewing management and performance fee calculations.
- Coordinating the preparation of and reviewing investor notices and capital statements.
- Facilitating audit engagements on behalf of clients.
Research Analyst
Decimal Point Analytics Pvt. Ltd.
05.2012 - 11.2012
- Ensured accuracy of funds’ trades, cash transactions and corporate actions and verified securities’ prices to properly value portfolios.
- Researched and delivered specific client requests such as daily net asset value impact of late trades and reconciliation of portfolio holdings, helping division to surpass NAV accuracy goal of 99%.
- Prepared reporting period requests such as general ledger revisions and audit reports.
- Reconciled Fixed Income, Equity fund records to custodian, transfer agent and portfolio groups.
- Analysed expenses and revenues. Coordinated and assisted auditors for periodic reports.
Senior Executive
iGATEpatni Computer Systems Ltd.
12.2008 - 11.2011
- Supported one of the largest US-based Hedge Fund Administrator for calculation of accurate and timely NAVs on daily/weekly/monthly basis.
- Reconciled Fixed Income, Equity fund records to custodian, transfer agent and portfolio groups.
- Ensured accuracy of funds’ trades, cash transactions and corporate actions and verified securities’ prices to properly value portfolios.
- Managed daily, weekly and month end NAV allocation closing process and calculated fees/expenses as well as provide an overview of the fund to the client.
- Assisted in reviewing investor and month-end portfolio statements for completeness and accuracy.
- Supported one of the largest US-based Hedge Fund Administrator for preparation of Annual and Interim Financial Statements in accordance with US GAAP.
- Working on different Hedge Fund structure includes: Master-Feeder, Standalone, Fund of Funds, Side Pockets, Multi -Currency, Multi-Manager, and Umbrella.
- Preparation of Financial Statements includes: 1. Statement of Financial Conditions, 2. Statement of Operations, 3. Statement of Changes in Net Assets or Partners Capital, 4. Statement of Cash Flows, 5. Condensed Schedule of Investments and 6. Financial Highlights.
Education
Certified Public Accountants (CPA) Candidate -
American Institute of Certified Public Accountants
United States Of America 04.2001 -
MBA - Business Administration
Academy Europe Open University
Germany 06.2021 - 05.2022
Post Graduate Diploma in Business Administration - Finance Management
Symbiosis Centre For Distance Learning
Mumbai 07.2008 - 12.2010
Bachelor of Commerce - Financial Accounting and Auditing (Special) subject
M. L. Dahanukar College of Commerce
Mumbai 06.2001 - 03.2004
Skills
Fund Accounting
Net Asset Value calculation
Transitions & Migrations
Client Relationship Management
Team Management
Certification
Alternative Investment Leaders Program (AIP) from Euqialifi (erstwhile AIWM), Mumbai.
AWARDS
- The Start Award for consistently demonstrated outstanding performance in managing monthly and quarterly deliverables for the team with minimum supervision and guidance along with additional responsibilities as assigned for the month of Sep 2024 at SS&C.
- The Start Award for consistently demonstrated outstanding performance in managing monthly and quarterly deliverables for the team with minimum supervision and guidance along with additional responsibilities as assigned for the month of Feb 2024 at SS&C.
- Most Valuable Professional award for outstanding performance and high level of contribution along with optimum dedication and sincerity for the month of Sep 2018 at State Street.
- Achieved the designation of State Street Lean Practitioner from the Lean Management Office in Mar 2018 at State Street.
- WOW!! you made us proud – Take a Bow award for the great effort and time put into resolving the aged cash breaks and sharing the best practice within the team in Sep 2016 at BNY Mellon.
- Bravo award for an exemplary record, hands-on experience on all the team clients, excellent troubleshooting skills, readiness to take up challenges and no errors in May 2015 at BNY Mellon.
- Dream Team award for delivering with 100% for the past 6 months with no miss on TAT & utilization for the year 2010 at iGATEpatni.
- Valuable Contribution towards Performance award in appreciation of outstanding contribution for the Quarter Oct – Dec 2010 at iGATEpatni.
- Star Performer award for Outstanding Performance and Lasting Contribution for the month of Oct 2010 at iGATEpatni.
Interests
Cricket, Football, Travelling
Timeline
Associate Director
SS&C Fintech Services India Private Limited
06.2023 - Current
Assistant Vice President – Level 2
Apex Fund Services LLP
01.2023 - 05.2023
Alternative Investment Leaders Program (AIP) from Euqialifi (erstwhile AIWM), Mumbai.
04-2022
Certified Alternative Investment Manager (AIM) from Euqialifi (erstwhile AIWM), Mumbai.
12-2021
Financial Services Employability Test (F-SET) (Alternative Investments) from Euqialifi (erstwhile AIWM), Mumbai.
11-2021
MBA - Business Administration
Academy Europe Open University
06.2021 - 05.2022
Supervisor
Citco Group Services (India) LLP
01.2020 - 01.2023
CFA Institute Investment Foundations Program from CFA Institute, United States.
02-2019
Assistant Manager
State Street Corporate Services Mumbai Pvt Ltd.
10.2017 - 12.2019
Process Lead
BNY Mellon International Operations (India) Pvt. Ltd.
11.2012 - 09.2017
Research Analyst
Decimal Point Analytics Pvt. Ltd.
05.2012 - 11.2012
Senior Executive
iGATEpatni Computer Systems Ltd.
12.2008 - 11.2011
Post Graduate Diploma in Business Administration - Finance Management
Symbiosis Centre For Distance Learning
07.2008 - 12.2010
Bachelor of Commerce - Financial Accounting and Auditing (Special) subject
M. L. Dahanukar College of Commerce
06.2001 - 03.2004
Certified Public Accountants (CPA) Candidate -
American Institute of Certified Public Accountants
04.2001 -