Pratik Khanolkar

Hedge fund Accounting

 Preparation and review of NAV pack and Investor Allocation.

 Booking of non – trading accrual expense and payments in the accounting system.

 Keeping a track of all the deliverables to be sent to client within the agreed SLA.

 Complete post NAV delivery process and checks for compliance and audit purpose.

 Ensure asset-based fees are correctly accounted for.

 Perform any adhoc requests and work on queries received from client.

Hedge Fund Accounting

Promoted from Sr. Associate Level II (10th Jan 2022 – Dec 2022) to Sr. Associate Level III (Jan 2023 till date)

• Preparation and review of the NAVs of the hedge fund clients on a Daily basis.
• Prepare / Review Cash/Position/Market Value/Future Securities/Dividend Reconciliations and resolving breaks. Notifying clients of Valid breaks.
• Review pricing of portfolio and analyze the price exceptions if any.
• Reviewing Corporate actions booked in the system and ensure if the same is correctly reflected in the books and analyze its impact on NAV.
• Responsible for accruing/amortizing daily non security related fee accrual including management and performance fees and booking payments for the same on Pay date.
• Train new joiners on various processes with the aim of creating multiple backups.

• Perform a prelim check before processing daily NAV as per hourly deadline’s, includes position reconciliation, cash reconciliation and share reconciliation and generate NAV after pricing sign off.
• Ensure all reconciliation breaks in Cash, share & stock are validated and justified for each calculated NAV.
• Ensure NAV calculations in timely manner and within the stipulated deadline, and justify the proper reason if NAV is delayed.

• Analyze and prepare Daily/Weekly/Monthly PNL and NAV for Open ended, Closed ended and Public funds across 30 funds
• Performing month end close processes (Preparation of NAV packs, budget bookings, monthly reports, etc.)
• Preparation of Investor Allocations of complex nature Preparation of Financial Statements as per US GAAP and the accompanying disclosures of hedge funds
• Preparation of Tax Reporting, Tax Projections, Cost rolls, etc on a quarterly basis

Investment Accounting Group -

• NAV Reconciliation. Commenting on breaks that arise between the Custodian, Investment Manager and Clients own accounting system.

Started my Advisory / Portfolio management service business, where I used to manage client equity portfolio and advise them on stock market investment.

Equity dealer - Buying and selling securities for clients who hold a Demat account with Kotak securities.