Hi, I’m
Phaneendra Chinta
Fund Accountant
Hyderabad,TG
Overview
7
years of professional experience
Work History
Invesco India Pvt Ltd
Specialist - RE and PE Fund Accounting
02.2024 - Current
Job overview
- Risk based book reviews of reporting packages
- Providing trainings to team members
- Review and Supervise work done by team members
- Automating work where there is scope to reduce manual hours.
- Stabilizing process coordinating with all regions(APAC,EMEA,US)
Invesco India Pvt Ltd
Senior Associate - RE and PE Fund Accounting
02.2022 - 01.2024
Job overview
- Quarterly Financials and performance returns (Balance sheet, Income Statements Statement of changes in Net Assets and Cash Flow Statements) for Asset Management team.
- Review property books received from property management companies
- Preparing of ILPA distribution and Capital call Notices
- Calculating NAV estimations every month for close ended funds
- Calculating Assets under Management every month.
- Worked on FX translations for funds in different regions.
- Preparation of Engagement letters for work which is endorsed to third party like ITR filings, GST return reviews.
- Saved 200+ manual hours by automation process using VBA
Invesco India Pvt Ltd
Associate - RE and PE Fund Accounting
01.2021 - 02.2022
Job overview
- Working on escrows- Ownership Cash postings, bank reconciliations and working on follow up line items.
- Investment/Property Distributions - reviewing of distribution and capital call notices, Preparation of distribution analysis and calculating final distributions to clients on monthly basis.
- Financial Reporting - Saving and reviewing of property financial reports, Capital schedules, budget comparison reports.
- Maintaining books of accounts in financial application Yardi and Investran. Review budget comparison reports based on variances for necessary action
- Calculating Fair Market Value, Debt Mark to Market Value and booking adjustment entries to Yardi related.
- Advisory, Management and Incentive Fee Calculation (based on NAV/NOI) and booking it to Yardi.
- Working various Joint Venture Schedules -(including Equity Waterfall schedules)
- Maintaining of Cash Ledger for Private equity funds and performing Bank reconciliations.
- Reviewing of tax notices from different United States tax bodies
GS Reddy Associates
Accounting and Taxation Executive
04.2018 - 06.2020
Job overview
- Handling the books of accounts for various clients and finalization of annual Financial Statements.
- Review of Accounts Receivables and Accounts Payable
- Periodic closures like Accruals (both income and expenses), Amortizations, Prepaid, Tax provisions, Capitalizations and Depreciations etc.,
- Generated budget reports and accruals incurred and analyzed the variances mainly in the areas of revenue, expenses.
- . Managed relationships with external auditors and regulators, promptly addressing inquiries and providing necessary documentation to support financial statements.
- Prepared and reviewed the income tax returns
- Filing of VAT and GST returns
Education
Jawaharlal Nehru Technological UniversityAnantapur
MBA from Financial Technology
09.2020
Sri Krishnadevaraya University Anantapur
Bachelor of Commerce from Computer Applications
06.2018
Skills
- Investran (Application and Web based)- Fund Level Accounting Software for Investor Reporting
- Investran CRM (Uploading Reports)
- Yardi - Property level general ledger system
- Portal - Proprietary Performance Return system
- Yardi IM - Run Property level and Investment returns
Timeline
Specialist - RE and PE Fund Accounting
Invesco India Pvt Ltd
02.2024 - Current
Senior Associate - RE and PE Fund Accounting
Invesco India Pvt Ltd
02.2022 - 01.2024
Associate - RE and PE Fund Accounting
Invesco India Pvt Ltd
01.2021 - 02.2022
Accounting and Taxation Executive
GS Reddy Associates
04.2018 - 06.2020
Sri Krishnadevaraya University
Bachelor of Commerce from Computer Applications
Jawaharlal Nehru Technological University
MBA from Financial Technology
Personal Profile
Date of Birth : 20-07-1995
Nationality : Indian
Marital Status : Unmarried
Languages : English, Telugu , Hindi
Technical Skills
- Advanced Excel
- SPSS
- R Programming
- VBA
Strengths
- Effective Communication and Interpersonal skills
- Skilled at balancing and prioritizing multiple tasks to meet deadlines
- Flexible to adapt to any new work environment
Personal Profile
Date of Birth : 20-07-1995
Nationality : Indian
Marital Status : Unmarried
Languages : English, Telugu , Hindi
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