Premsagar Shetgar
Hyderabad
Summary
Dynamic Senior Associate with a proven track record of excelling in fund reconciliation and team leadership. Recognized for enhancing service quality and resolving client inquiries efficiently. Adept at financial analysis and fostering collaboration, driving timely and accurate deliverables while ensuring compliance with industry standards.
Overview
9
9
years of professional experience
Work History
Senior Associate
IQ EQ India Global services Pvt Ltd
Hyderabad
07.2023 - Current
- Review the work of junior team members to ensure accuracy, quality, and timely delivery to clients.
- Reviewing and analyzing monthly, quarterly, biannual, and annual financial statements with supporting documentation under various accounting standards (i.e., IFRS, UK GAAP and US GAAP)
- Preparing monthly valuations, of fund draw downs and distributions, accruals, expenses etc
- Performed cash and non-cash to support quarterly and annual closing, and financial reporting.
- Reviewed management fee calculations and journal entries.
- Managed capital call and distribution notices, and prepared corresponding journal entries.
- Reviewed carried interest models and postings
- Led the migration of funds from Manila, Singapore, and Hong Kong, streamlining operations.
- Managed client onboarding activities, including KYC verification, contract execution, and system integration,documentation,setup processes
- Manages and ensures the timely and accurate deliverables of accountants and junior accountants.
- Performed a detailed review of management fee calculations and prepared the corresponding journal entries.
- Reviewed compliance with AIFMD (Alternative Investment Fund Managers Directive) requirements and reporting obligations.
- Conducted internal and external error discussions with teams, and prepared documentation to reduce errors.
- Monitored team performance to ensure tasks were completed on time and deadlines were met
- Worked on capital call calculations and investor notices, supporting fund operations and reporting.
- Addressed ad hoc requests from auditors, clients, and investors
- Performed a detailed review of drawdown and distribution notices, and accounting entries, supporting accurate investor reporting.
- Developed carried interest models to calculate fund manager profit allocations, ensuring accuracy in complex waterfall structures.
- Preparing drawdown, equalization, and distribution calculations in accordance with the Fund documentation.
- Reviewed and analyzed financial statements (balance sheet, income statement, cash flow) to ensure accuracy
- Liaise with various external and internal parties (e.g., client, external auditor, other front offices, etc.) in the day-to-day accounting of the fund and other custom reporting and projects for specific investor needs.
Senior Associate
Cognizant Technology Solutions Pvt Ltd
Hyderabad
04.2022 - 06.2023
- Performed private equity activities on a monthly and quarterly cycle, supporting accurate fund operations and reporting.
- Matching the cash with bank statements.
- Calculating the Management fee.
- Capital call calculation.
- Interest calculation.
- Income distribution.
- Booking Expenses, accruals and management fee entries in Geneva and Investran Application.
- Payment wire creation.
- Defining the prices of funds.
- Fund statements matching by weekly, Monthly and Quarter Basis.
- Working on the Cash Reconciliation, Master reconciliation and accounting packages Port polio summary transition summary.
- Downloading citi bank and Bank of America statements and matching with cash activities with ledger to sub ledger values.
- Reviewing the funds on the basis of deadlines.
- Involving in the management activity, email reply and team handling, supporting clients in meeting the deadlines on correct time.
Senior Associate
ATOS SYNTEL SERVICES PVT. LTD
Pune
08.2018 - 09.2021
- Received appreciation from Clients for resolving queries immediately.
- Meeting targets and goals for better performance.
- Work on feedback, evaluating areas for improvement.
- Preparation of MIS, and allocation and distribution of funds to team members.
- Review of funds processed by the team.
- Proof Preparation and Reconciliation of Books (Monthly, Quarterly, Semi, Annually).
- Responsible for Monthly auditing of the Accounting Packages, and reconciling the general Ledger with Sub
ledger. - Calculating the NAV and match with funds, if it is off then inform to Control Team.
- Find the variance (Difference) and research on it, and inform to the control team for their approval for
necessary changes.
Accountant
Esaplling PVT. LTD
Pune
03.2017 - 03.2018
- Ensure that day to day operations are running smoothly for proofing team.
- Proof preparation and Recon of books (Monthly/Quarterly/Semi Annually) accounting and find out the variance and resolve it.
- Work on various trade and as of activities to clear discrepancy.
- Reconciliation between Ledger and Sub-Ledger side to perform the fund.
- Using the various function of MCH to research for custody and accounting.
- Immediately raise the issue to respective client to get it clear.
- Work on transaction as per protocol and make sure it is escalate on right time as well as right team.
- End to end research of transaction, so it can be clear from our end.
- Escalate the issue to respective team as well as on shore or client to resolve the issue.
- Ensure that delivering the work within the Deadlines Co-ordinate with Corporate.
- Escalate the pending issue to respective groups.
Education
Bachelor of Commerce -
Gulbarga University
Bidar, KarnatakaHigher Secondary Certificate -
Department of Pre-University
KarnatakaSecondary School Certificate -
Karnataka Secondary Board
KarnatakaSkills
- Fund reconciliation
- Financial analysis
- Cash management
- Team leadership
- Effective communication
- Troubleshooting
- Efficient work ethic
- Proactivity
- Supervision and leadership
- Decision-making
- Teamwork and collaboration
Languages
- English
- Hindi
- Kannada
- Telugu
Accomplishments
Spot Recognition for Exceptional Work done on tuff Clients in Cycle Month. (2024)
Disclaimer
I hereby declare that the above information furnished is true to best of knowledge & belief.
Your sincerely
Premsagar Shetgar
Timeline
Senior Associate
IQ EQ India Global services Pvt Ltd
07.2023 - Current
Senior Associate
Cognizant Technology Solutions Pvt Ltd
04.2022 - 06.2023
Senior Associate
ATOS SYNTEL SERVICES PVT. LTD
08.2018 - 09.2021
Accountant
Esaplling PVT. LTD
03.2017 - 03.2018
Bachelor of Commerce -
Gulbarga University
Higher Secondary Certificate -
Department of Pre-University
Secondary School Certificate -
Karnataka Secondary Board