Kushaal Anil Thaker
Fund Accounting And Reporting
Vasai Road (West)
Summary
A multi-faceted professional accustomed with proven skills; targeting leadership opportunities in Fund Accounting with an organization of high repute. Highly organized and self-motivated professional experienced in project management, team development and process improvement. Skilled in developing and implementing strategies to increase efficiency and performance. Passionate about driving business growth and creating positive work environment.
Overview
16
16
years of professional experience
Work History
Associate Director - Fund Accounting & Reporting - Private Markets
SS&C GlobeOp Financial Services India Pvt Ltd.
10.2021 - Current
- The purpose of this role is to process end to end NAV along with preparation of financials post finalization of NAV.
- Conducting comprehensive review of NAV workbooks (including management fee and carried interest computation model). Issuance of final investor statements per LPA reporting deadline.
- Responsible for circulating Monthly/Quarterly AUM, NAV, IRRs, Cash Analysis and Valuation reports.
- Review of financials models, financial highlights, disclosures and supporting notes for accuracy and completeness.
- Coordinating investor reporting, capital calls and distributions working files, NAV/GAV reporting, audit support, fund compliance and incentive/waterfall allocations within deadline.
- Responsible for audit queries, confirmations, walkthroughs, and ad-hoc requests to ensure smooth and timely audits.
- Led the onboarding of multiple newly launched funds across diverse investment strategies.
- Designed and implemented the entire fund-accounting framework, cash-flow mappings, security masters, accrual methodologies, fee setups, benchmarks, and workflow sequencing tailored to each fund’s structure.
- Executed a comprehensive parallel-run process, performing detailed side-by-side NAV comparisons, reconciliation validations and to ensure data integrity and operational readiness ahead of go-live.
- Facilitated smooth coordination across cross functional teams ensuring alignment at each stage of onboarding lifecycle.
- Leadership & Team Management
- Responsible for team of 10+ including 1 Associate Directors and 2 Managers, driving performance, quality and scalability.
- Planned workflows, optimized resource capacity utilization, and ensured timely delivery across multiple funds reporting cycles.
- Led training, cross-training, and backup creation to improve team resilience and operational continuity.
- Conducted regular one-on-one and team catch-ups to address challenges, improve engagement, and drive accountability.
- Delivered constructive feedback and career guidance, fostering a collaborative high-performance, and growth-oriented culture.
Team Leader - Fund Accounting Operations - NAV Validation
J. P. Morgan Services India Pvt. Ltd, Mumbai
08.2015 - 10.2021
- The purpose of the role in this process is to validate NAV of EMEA based mutuals on a day-to-day basis by performing various checks using various internal & external sources.
- NAV Validation: Validating NAV of mutual funds based out of EMEA on a daily basis by validating exceptions using various tools like Bloomberg, Reuters, FTS/IDC or any other external source like to ensure that the NAV published is accurate and in line.
- Validating exceptions: Investigating causes where accounting or securities transactions are seen to be out of tolerances due to any reason like COAC, price movement, income accrual, FX movement, Fair Valuation etc., and validating the same with sufficient supporting evidence.
- Performing various checks: Performing various checks like Index check, Divergence check, Accrual check to cross check the validation and ensure that the exceptions flagged in the system are in line and they have been validly generated and at the same time validated efficiently.
- Liaising with various hubs: Liaison with upstream teams like trades, derivatives, pricing, reconciliations for sign offs and other related queries to ensure any issue or that there are no issues and accordingly valuations are performed on timely basis.
- Publishing NAV’s: Publishing NAV on timely basis once the funds NAVs are locked based on the various timelines to ensure that the they have been published accurately and on-time.
- OOT Reporting: Preparing OOT reports of funds specifying the cause of Out of tolerance (OOT) which may be due to Income, Expense, Pricing, FX movement, Fair Valuation or any other reason and sending the same to client.
- NAV Operations & Control: Posting capstock transactions, reconciling balances, processing expenses & capital gains tax ensuring accurate NAV release for mutual and money market funds.
- Market Value Reconciliation: Migrated manual excel reconciliation to system-based processes, eliminating errors and improving efficiency. Investigated breaks across asset classes including equities, futures, OTC and MBS.
- Client Reporting & Collateral: Preparing Board Reports, KPIs and Financial statements. Managed collateral movements and reconciliations with custodians.
- Regulatory & Income Distribution: Handled UK regulatory reporting (HMRC), daily accruals and income distributions across timelines.
- Leadership: Mentored new team members, ensured adherence to SOPs, and maintained 100% SLA compliance.
Senior Officer – F&O Operations
IL&FS Securities Service Ltd, Mumbai
05.2010 - 08.2015
- Managed Securities Lending & Borrowing (SLBS) operations including trade execution, reconciliation, margin follow-ups, and corporate action updates.
- Oversaw commodity operations: Setting up client limit, obligation verification, warehouse charges, and collateral management.
- Conducted MIS & client profitability analysis, ensuring accurate reporting and rate sheet updates.
Education
PGDM - Finance Management
Welingkar Institute
Mumbai, India 04.2001 -
B.Com -
S N College
Mumbai, India04-2006
HSC -
S N College
Mumbai, India03-2003
SSC -
Shah MK School
Mumbai, India03-2001
Skills
Fund Accounting & NAV Validation
Market Value & Cash Reconciliation
Corporate Actions & Income Distribution
Client Reporting & Collateral Management
Futures & Options Operations
Securities Lending & Borrowing (SLBS)
Process Enhancement
Stakeholders Management
Cross-Functional Coordination
Decision-making
Analytical thinking
Accomplishments
- 1. Spearheaded migration from manual to automated reconciliation.
- 2. Consistently delivered error-free NAV releases across multiple fund types.
- 3. Recognized for mentorship and process improvements within fund accounting team.
- 4. Nominated for shared ideas at My Idea Competition 2024.
Other Accomplishments
- 1. Successfully streamlined the new migrated project.
- 2. Successfully maintained 100% accuracy in Quality Checks, Process Excellence, Training and Development.
Timeline
Associate Director - Fund Accounting & Reporting - Private Markets
SS&C GlobeOp Financial Services India Pvt Ltd.
10.2021 - Current
Team Leader - Fund Accounting Operations - NAV Validation
J. P. Morgan Services India Pvt. Ltd, Mumbai
08.2015 - 10.2021
Senior Officer – F&O Operations
IL&FS Securities Service Ltd, Mumbai
05.2010 - 08.2015
PGDM - Finance Management
Welingkar Institute
04.2001 -
B.Com -
S N College
HSC -
S N College
SSC -
Shah MK School