Mustafa Master
Mumbai
Summary
Dynamic Fund Accounting Manager with extensive experience at CSC Intertrust Capital Market, adept at NAV calculation and reconciliation. Proven track record in enhancing operational efficiency, achieving a 90% reduction in manual errors through innovative project management. Strong leadership and client engagement skills, proficient in Hedge Fund Accounting & Private Equity
Overview
17
17
years of professional experience
Work History
Manager - Fund Accounting
CSC Intertrust Capital Market Pvt Ltd
Mumbai
06.2018 - Current
- Hedge Fund & Private Equity Fund Accounting
- Currently working as a Fund Manager handling team of 4 members
- Responsible for reviewing Daily and Monthly activities, Month End Close Packages which includes end to end fund accounting activities like Income, Expense payments posting, reviewing accruals, ledger scrutiny, along with PNL Scrutiny
- Key roles involved are preparing distribution analysis in accordance with the waterfall method
- Calculation of Preferred Return, Gross IRR, and Net IRR
- Preparing cash and position reconciliation and resolve breaks on daily basis
- Preparing manually Fund of Fund securities pricing sheet along with any subscription and redemption
- Calculating Management Fee, Admin Fee, Preferred return on periodically basic
- Working closely with Client on daily activity like Trading and PNL activities of the fund
- Worked on various Distribution like Income Distribution as well as Return of Capital, Preparing Income Schedules, Identifying Distribution amounts, preparing Distribution Schedule along with Distribution Notices, liaising with fund admin team for wiring Instructions, actual Distribution of funds, verifying any kickbacks and return the funds to investors
- Handling weekly clients meetings and understanding various requirements of clients & resolving it
- Reporting to management on a regular basis through weekly meetings and calls
- Project: Merger of manually recon to VU Recon
- Objective was to transform all excel based manual recon to online system-based VU Recon
- This project reduced approx 90% of the manual work errors
- This project helps us to take recon business from another service provider which was serving to client of approx 4 FTEs for my team
Team Leader
JP Morgan India Pvt Ltd
06.2015 - 06.2018
- Fund Accounting – Distribution & Client Reporting
- To prepare daily NAV report and deliver to client
- Preparing monthly KPI reports and Boards Reports
- Reconciling of transfer agents & collateral backups received from broker
- Adjust activity as necessary for performance processing and reporting
- Finalizing Distribution to Unit/Shares holders as per client requirement
- Providing process training to new joiners and refresher training to members
- Performing monthly securities pricing analysis
Senior Fund Accountant
Standard Chartered Bank (On Osource Payroll)
02.2013 - 01.2015
- Valuation & Corporate Action
- Processing Corporate Action on daily base and updating in system
- Handling Static data of multiple clients & creating static data of different security type
- Pricing & Valuation of debt security as per Crisil Bond Valuer
- Process & update all Dividend & Interest Income in system
- Ensure adherence to all cut-off times and quality of processing as maintained in SLA
- Processing Subscription & Redemption entry on day to day base
- Processing foreign exchange transaction & settle it on accounting system
- Processing all trade on daily basic & updating in system
- Update accounting entries of income and expenses into the system
- Releasing NAV on timely bases as per SEBI guidelines
Senior Fund Accountant
Capita India Pvt Ltd
03.2010 - 01.2013
- Preparing balance sheet comprising of Investments, Receivables, and Payables
- Calculating final NAV on monthly basis
- Calculating Taxation on various kind of security i.e Franked or unfranked
- Monthly verifying the income & capital balance in trial balance with ledger
- Calculate dividend and equalization at time of distribution of income.(Quarterly, Semi annually/Annually as per client requirement and FSA law for mutual fund company)
Associate
State Street Syntel Services Pvt. Ltd
04.2008 - 02.2010
- Reconciling and updating accounting records on daily basis
- Handling cash activities, fund transfers, wire payments, cash/stock distribution and processing FX requests from client
- Closing books of accounts on monthly basis and reporting NAV of the Pension fund
- Researching and updating foreign exchange transactions as well as foreign overdrafts
- Reporting a) Fail Trade, b) Overdraft Reporting c) Reporting unadvised & non receipt of funds
Education
Bachelors in Commerce - Finance And Accounts
Mumbai University
Mumbai03.2006
Skills
- Hedge Fund accounting
- NAV Calculation
- Reconciliation
- Expertise in Microsoft Office
- MCH (Multi currency Horizon)
- Bloomberg
- Geneva
- WSO
- Cash Sweep
Accomplishments
- Capita, Chosen from whole team to do the toughest fund of 7 IM. Also was nominated for employee of Quarter 4 2011 within the dept.
- JP Morgan, Was part of team which won best team award for 2 quarter in 2016 & 1 quarter in 2017. Was part of automation process for most of the activity on VPR, robotics & accepter.
Personal Information
Marital Status: Married
Father's Name
Shabbir Master
Affiliations
- IOC Certified from CISI – London (Chartered Institute for securities & Investment)
Languages
- English
- Hindi
- Marathi
- Gujarati
Hobbies and Interests
- Listening to music
- Watching Movies
- Playing cricket
- Badminton
Timeline
Manager - Fund Accounting
CSC Intertrust Capital Market Pvt Ltd
06.2018 - Current
Team Leader
JP Morgan India Pvt Ltd
06.2015 - 06.2018
Senior Fund Accountant
Standard Chartered Bank (On Osource Payroll)
02.2013 - 01.2015
Senior Fund Accountant
Capita India Pvt Ltd
03.2010 - 01.2013
Associate
State Street Syntel Services Pvt. Ltd
04.2008 - 02.2010
Bachelors in Commerce - Finance And Accounts
Mumbai University
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