Lalit Vibhute
Dhule,MH
Summary
Manager, Private Equity and Hedge Fund Accounting leading NAV review, financial statement sign-off, and investor reporting across private equity, hybrid, and hedge fund portfolios. Coordinates capital calls, waterfall distributions, cash and position reconciliations, and fee postings while resolving breaks and audit queries on tight reporting cycles. Partners with clients, auditors, brokers, custodians, and onshore teams to keep deliverables on schedule and maintain accurate KPI and OT tracking.
Overview
1
1
Language
14
14
years of professional experience
Work History
Manager, Private Equity and Hedge Fund Accounting
State Street
06.2022 - 05.2026
- Responsibilities: Reviewing all PE fund accounting Activates.
- Reviewed and signed off NAV and financials for private equity and hybrid funds, including recording journal entries, preparing monthly/quarterly/annual financials, processing payments, preparing investor notices, and generating various client reports.
- Review Capital Call and Waterfall distribution workings along with notices and release to respective investors.
- Managed client relationships for the funds and handled deliverable requirements on a daily, weekly, monthly, and quarterly basis.
- 3. liaising with Onshore team, clients and auditors on various requirement and ensure all supports are provided to the auditors to get the financials approved by the agreed timeline.
- Liaised with multiple stakeholders across the organization to ensure adherence to tight deadlines.
- Hedge Funds Net Assets Value calculation on Daily, Monthly and quarterly basis US based Clients
- Client’s portfolio securities pricing based on pricing sources such as: Bloomberg, Reuters and others
- Fixed Income accrued interest checks to Bloomberg
- Fees calculations and Posting – Management fees, Audit fees, Custody fees and Admin fees etc.
- Review of daily cash and position reconciliation
- Resolving incompatibilities – NPV breaks, cash breaks, trade adjustments, brokerage adjustments, trading & non-trading accruals and Posting journal entries to fix cash and other breaks
- Performing and reviewing of NAV Pack activities
- Issuing Final NAV Pack to the Client
- Financial reporting to the client
- Handling audit and client queries
- Providing knowledge transfer sessions to team.
- Maintaining and updating KPI and OT Tracker for entire team
Hedge Fund Accounting
CITCO
05.2021 - 06.2022
- Responsibilities: Reviewing all Hedge fund accounting activities.
- Reviewed end-to-end reconciliation of hedge fund and processed journal entries.
- Reviewed month-end NAV packages for hedge funds, ensuring accuracy and compliance.
- Reviewing end to end reconciliation of hedge fund and passing of journal entries as required.
- Performing the administration of and any services pursuant to administration agreements in respect of a portfolio of hedge fund clients.
- Administered services per administration agreements for portfolio of hedge fund clients.
- Consolidation & validation review of functional handovers across teams and locations.
- Provided project management leadership in particular for time critical/regulated work
- Maintained daily relationships with Citco internal COE and non-COE teams, including operational support, middle office, pricing, investor relations, and relationship management fund accounting.
Fund Accounting
JP Morgan
12.2019 - 05.2021
- Responsibilities: Reviewing all fund accounting activities.
- Reviewed Cap Stock activity between fund accounting and TA, ensuring accuracy of Swung and Unsung NAV.
- Reviewed and analyzed Nav impact and new buy trades using Bloomberg and IDC.
- Reviewing Option Income activity.
- Reviewing Capital Gain Tax activity
- Tracking Corporate Action book on funds.
- Reviewing Expense book by the team
- Handling the queries for the internal department like recon
- Maintaining of multiple books of records including fund accounting and pricing Setting up of fixed & variable accruals into the system.
- Maintaining of multiple books of records include fund accounting and pricing Setting up of fixed & variable accruals into the system.
- Ensuring all deadlines are met in time with accuracy.
Onshore Fund Accounting
State Street
10.2018 - 11.2019
- Researched and delivered specific client request such as a Nav impact of late trades and reconciling of Portfolio shares and Market value, helping division to surpass NAV accuracy goal of 99.90%.
- Verified Nav impact of price changes on fund holdings through pricing reports calculated NAV per share to be reported to be daily to NASDAQ & Client
- Researched and delivered client requests, including NAV impact of late trades and reconciled portfolio shares and market value, contributing to division's achievement of 99.90% NAV accuracy goal.
- Reviewing and analyzing Nav impact, percentage change, new buys trades with Bloomberg and IDC.
- Pricing Spot and Forwards to calculate Mark to Market realized/unrealized gain loss on daily basis to verify accuracy of FX daily movement and Settlements with Bloomberg and Yahoo Finance.
- After booking cap stock, review holdings and amendment between custodian and transfer agency for allocating ratios on the Fund.
- All Nav impacts through the exception reporting daily researched and delivered with correct resolution.
- Verified NAV impact of price changes on fund holdings, calculated NAV per share for daily reporting to NASDAQ and clients.
- Ensuring all deadlines is met in time with accuracy.
- Ensuring all deadlines are met in time with accuracy.
Fund Accounting
BNY Mellon
07.2015 - 10.2018
- Responsibilities:
- Monitor all service work cases requests received from Financial Advisors and process them accurate financial transactions in online systems such as buy, sell, exchange as per instructions in Client account and confirm the same at Accounting.
- Prepared daily work allocations for team, ensuring efficient distribution of tasks.
- Ensured timely and accurate completion of all deadlines.
- Process & review the all type of instrument in system like bond, equity, derivatives, money market.
- Insure to meet the all deadlines with timeliness & accuracy.
- Monitored service requests from Financial Advisors, processing accurate financial transactions such as buy, sell, and exchange per client instructions, confirming transactions with Accounting.
- Maintaining daily data base like checklist.
- Processed cancellations and corrections of trades and dividends based on client data.
Associate
State Street Syntel Services Private Limited
12.2011 - 12.2014
- Managed daily activities to aggregate NAV of mutual funds using domestic and international equity, fixed income, and multi-manager strategies.
- Evaluated NAV percentage variation of new buy trades using Bloomberg and IDC.
- Investigated and reviewed corporate actions affecting funds by confirming net assets and earned incomes.
- validated NAV influence of price alterations on fund holdings via pricing reports determining NAV per share for daily submission to Nasdaq & client
- Investigated corporate actions affecting funds, confirming net assets and earned income.
- evaluating and assessing NAV affected percentage variation of new buy trades using Bloomberg and IDC.
- Investigated navigation impacts via daily exception reports, delivering precise resolutions
- after finalizing cap stock review holdings and adjustments between custodian and transfer agency for fund ratio distribution.
- Validated NAV influence of price changes on fund holdings through pricing reports, determining NAV per share for daily submission to Nasdaq and client.
- Managed investment operations using ISS Geneva platform. Conducted portfolio assessments with Invest One Enterprise software. Executed trade management activities through GTM application. Used Microsoft Windows for efficient software navigation. Created reports and presentations with Microsoft Office tools.
Education
Bachelor of Commerce - Accounting And Finance
MD. Palesh Collage Dhule
Dhule, North Maharashtra University01-2011
Skills
Fund accounting
Hedge fund accounting
Investor allocation & Fee calculation
Private equity
Nav calculation
Investor reporting
Cash reconciliation
Waterfall distribution
Capital call processing
Timeline
Manager, Private Equity and Hedge Fund Accounting
State Street
06.2022 - 05.2026
Hedge Fund Accounting
CITCO
05.2021 - 06.2022
Fund Accounting
JP Morgan
12.2019 - 05.2021
Onshore Fund Accounting
State Street
10.2018 - 11.2019
Fund Accounting
BNY Mellon
07.2015 - 10.2018
Associate
State Street Syntel Services Private Limited
12.2011 - 12.2014
Bachelor of Commerce - Accounting And Finance
MD. Palesh Collage Dhule