Punit Agarwal
Fund Controller
Mumbai
Summary
Dynamic and results-driven VP with over 14 years of expertise in alternatives fund management, showcasing a proven track record of excellence in financial operations. Adept in Indian GAAP, IFRS, and US GAAP, complemented by strong leadership skills that inspire teams to achieve strategic goals. Recognized for the ability to navigate complex financial landscapes while driving operational efficiency and enhancing organizational performance. Eager to leverage extensive industry knowledge and leadership experience in a rewarding role within a respected organization.
Overview
17
17
years of professional experience
Work History
Vice President
Morgan Stanley
06.2024 - Current
- Direct financial accounting, reporting, and operational strategies for MS Infrastructure and Private Equity funds targeting India and global markets from the India office.
- Work alongside business units, legal, tax, compliance, and corporate accounting to analyze LPAs, PPMs, and fund structures for new launches.
- Supervise interactions with fund administrators and auditors, maintaining adherence to service-level agreements, and participating in RFP processes.
- Analyze capital calls, distributions, and carried interest waterfall calculations while approving financial statements according to Indian GAAP, US GAAP, and IFRS.
- Enhance investor reporting and fund track record presentations alongside business teams.
- Guarantee credit facility compliance, and analyze banking reports.
- Evaluate and authorize diverse regulatory filings, encompassing Form PF, ADV, SLT, SHCA, AIFMD, GST, Income Tax and SEBI.
AVP 3
Apex Fund Services
04.2023 - 06.2024
- Oversaw and coordinated team of accountants dedicated to financial management of various PE funds, ensuring accurate and timely reporting of fund performance, valuations, and investor communications.
- Managed complete lifecycle of fund accounting operations, encompassing preparation of financial statements, capital call and distribution calculations, investor capital account reconciliations, and partnership allocation calculations.
- Delivered guidance and mentorship to team members, cultivating a collaborative and high-performance work environment.
- Engaged in recruitment, training, and directed transition process
Associate
BlackRock
09.2016 - 04.2023
- Oversaw management fee revenue for Global Alternatives Funds, generating $1bn annually and TRIM revenue of $90m annually (as per IFRS15 and ASC 606).
- Reviewed financial statements and management reports for investor commitments, including drawdowns and distributions. Calculated management fees and incentive waterfalls for private equity and infrastructure funds.
- Partnered with 3rd party service providers, including custodian banks, fund administrators, auditors, and valuation teams to optimize and synchronize operating service models and processes.
- Review contracts, prepare project plans and estimate budgets.
- Facilitate statutory audits and ensure SOX compliance.
Senior Analyst
Bharti Airtel
02.2014 - 09.2016
- Revenue Accounting & Reporting (Prepaid, Postpaid, Lease-line, Site-sharing) for Airtel Africa.
- Carrying out monthly revenue trend analysis while thoroughly reviewing and monitoring debtor aging, and strategically engaging in debt recovery activities.
Assistant Manager
Nezone Biscuits Pvt. Ltd.
04.2012 - 03.2013
- Overseeing accounts as necessary.
- Facilitated on-time submission of regulatory filings for taxes.
Internship
M/s R.A. Garodia & Associates
08.2008 - 02.2012
Education
Certified Public Accountant -
American Institute of Certified Public Accountants
08-2023
MBA - Finance
NARSEE MONJEE UNIVERSITY
09-2021
CA PCC - Accounting, Auditing, Tax
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
01.2012
Skills
- Microsoft Office
- Power BI
- Python
- Oracle , SAP
- HFM , Cognos
- E-Front
- Corporate Finance & Accounting
- Leadership
- Effective Communication
- Problem Solving
- Public Relations
Accomplishments
- Led end-to-end migration of Alternatives, TRIM, and BRS Revenue Accounting processes from the US to India, enhancing global delivery at BlackRock.
- Managed Oracle R12 to Oracle SAAS (Cloud) migration under Project CleanSlate.
- Handpicked for a 4-week international assignment in Kenya, leading migration efforts for Airtel’s Center of Excellence (ACE) Transformation.
- Built and scaled new finance teams at BlackRock and Apex.
- Streamlined month-end close and billing processes.
- Automated global Aged Debtor and performance dashboards (Power BI).
Timeline
Vice President
Morgan Stanley
06.2024 - Current
AVP 3
Apex Fund Services
04.2023 - 06.2024
Associate
BlackRock
09.2016 - 04.2023
Senior Analyst
Bharti Airtel
02.2014 - 09.2016
Assistant Manager
Nezone Biscuits Pvt. Ltd.
04.2012 - 03.2013
Internship
M/s R.A. Garodia & Associates
08.2008 - 02.2012
CA PCC - Accounting, Auditing, Tax
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
Certified Public Accountant -
American Institute of Certified Public Accountants
MBA - Finance
NARSEE MONJEE UNIVERSITY
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