Rakesh Singh
Manager- Fund Accounting
Greater Noida
Summary
Accomplished Fund Accounting Manager with a proven track record, adept in hedge fund accounting and NAV calculation. Excelled in client handling and people management, ensuring smooth fund migrations and optimizing team performance. Demonstrated expertise in financial standards compliance and operational efficiency, fostering strong client relationships and team development.
Overview
17
17
years of professional experience
Work History
Manager– Fund Accounting
Indus Valley Partners Ltd
11.2023 - 01.2025
- Led team responsible for month-end valuation of private equity funds.
- Reviewed and finalized NAV workbook after team preparation.
- Conducted comprehensive reconciliation checks on securities and cash post-operations.
- Assisted team in preparing Financial Statements and ensured adherence to IFRS and US GAAP procedures.
- Delivered monthly valuation work status updates to clients during calls.
- Managing work allocation among team members on timely basis
- Facilitated error analysis and training needs identification through team meetings.
- Providing support during Audit that includes giving all the required reports to the Auditors and solving all the queries raised by them
- Providing Support during migration of new funds and ensuring smooth transition of new clients in to current system by performing all the review at all stages
- Preparing MIS for daily and monthly deliverable also, providing detail explanations and analysis for delayed funds and errors occurred during the month
Manager– Fund Accounting
SS&C GlobeOp Financial Services Technologies (India) Pvt. Ltd
08.2022 - 11.2023
- To lead the team of fund accounting involved in Daily, weekly and Month End valuation of Hedge Funds (with Master – Feeder Structure)
- Reviewing and finalising NAV workbook once the same is prepared by associates and senior associates
- Conducting thorough check of reconciliation of securities and cash once the same is completed by operations team
- Verifying Income accrual i.e
- Dividend, Bond Interest, Other receivables during each valuation
- Also, review dividend reconciliation which prepared by comparing prime broker statements
- Verifying trades booked in system and ensuring the correct treatment of the same during each valuation
- Conducting review of pricing analysis and raising queries with Pricing team for variances in prices
- Reviewing income allocations of funds (Equalisation method) which involve checking of Highwater mark, Hurdle rate, Performance Fee, Equalisation Credit and Contingent Redemption
- Helping team members in preparation of Financial Statements and reviewing them by making sure all the procedures and amendments of IFRS and US GAAP are followed
- Providing update about the work status for month end valuation to client on call and ensuring all the client queries are resolved on timely basis
- Managing work allocation among team members on timely basis
- Conducting feedback sessions with team members for the errors occurred and to identify the training gaps within the team
- Providing support during Audit that includes giving all the required reports to the Auditors and solving all the queries raised by them
- Liaising with the Clients and with various internal teams like Operations Team, Investor Relations, Trade Captured Team, Pricing Team
- Providing Support during migration of new funds and ensuring smooth transition of new clients in to current system by performing all the review at all stages
- Preparing MIS for daily and monthly deliverable also, providing detail explanations and analysis for delayed funds and errors occurred during the month
Supervisor– Fund Accounting
CITCO Shared Services (India) Pvt Ltd
03.2019 - 08.2022
- Reviewing and finalising NAV workbook once the same is prepared by associates and senior associates
- Actively involved in migration of funds from Local offices to India and ensuring smooth transition by performing all the review at all stages
- Conducting thorough check of reconciliation of securities and cash once the same is completed by Middle operations team
- Verifying Income accrual i.e
- Dividend, Bond Interest, Other receivables during each valuation
- Also, review dividend reconciliation which prepared by comparing prime broker statements
- Conducting review of pricing analysis and raising queries with Pricing team for variances in prices
- Reviewing income allocations of funds (Series accounting method) which involve checking of Highwater mark, Hurdle rate, Performance Fee
- Providing update about the work status for month end valuation to local counterparts on call
- Ensuring all the client queries are resolved on timely basis
- Managing work allocation among team members on timely basis
- Conducting feedback sessions with team members for the errors occurred and to identify the training gaps within the team
- Liaising with various internal teams like Middle Operations Team, Investor Services, and Pricing Team for smooth delivery of Month End NAV
- Preparing MIS for daily and monthly deliverable also, providing detail explanations and analysis for delayed funds and errors occurred during the month
Associate Manager– Fund Accounting
SS&C GlobeOp Financial Services Technologies (India) Pvt. Ltd
08.2011 - 11.2018
- To lead the team of fund accounting involved in Daily, weekly and Month End valuation of Hedge Funds (with Master – Feeder Structure)
- Reviewing and finalising NAV workbook once the same is prepared by associates and senior associates
- Conducting thorough check of reconciliation of securities and cash once the same is completed by operations team
- Verifying Income accrual i.e
- Dividend, Bond Interest, Other receivables during each valuation
- Also, review dividend reconciliation which prepared by comparing prime broker statements
- Verifying trades booked in system and ensuring the correct treatment of the same during each valuation
- Conducting review of pricing analysis and raising queries with Pricing team for variances in prices
- Reviewing income allocations of funds (Equalisation method) which involve checking of Highwater mark, Hurdle rate, Performance Fee, Equalisation Credit and Contingent Redemption
- Helping team members in preparation of Financial Statements and reviewing them by making sure all the procedures and amendments of IFRS and US GAAP are followed
- Providing update about the work status for month end valuation to client on call and ensuring all the client queries are resolved on timely basis
- Managing work allocation among team members on timely basis
- Conducting feedback sessions with team members for the errors occurred and to identify the training gaps within the team
- Providing support during Audit that includes giving all the required reports to the Auditors and solving all the queries raised by them
- Liaising with the Clients and with various internal teams like Operations Team, Investor Relations, Trade Captured Team, Pricing Team
- Providing Support during migration of new funds and ensuring smooth transition of new clients in to current system by performing all the review at all stages
- Preparing MIS for daily and monthly deliverable also, providing detail explanations and analysis for delayed funds and errors occurred during the month
- Established strong relationships with key stakeholders, fostering collaboration and mutual support.
- Oversaw training and onboarding process for all newly hired employees within Name of Department.
- Conducted regular performance evaluations of staff members, providing constructive feedback and identifying areas for growth.
- Led team meetings regularly to discuss progress updates, identify challenges or roadblocks, and provide guidance towards successful project completion.
Transaction Processing Specialist
J.P. Morgan Services India Private Limited
04.2010 - 05.2011
- Reconciliation of Securities for Borrowing and Lending business, raising of Broker claims, receipting of funds, reversing client’s Income, posting Journal entries on the system
- The primary responsibility is to provide processing support for effective and efficient process delivery to Clients, Market and Lending Brokers, Sub-Custodian, Internal and External Teams on a daily basis
- Global Market Reconciliation knowledge for Income and Corporate action events for Securities paying dividend and Interest coupon for more than 30 countries
- Liaising with agent banks in case of payment discrepancy
- Managing the daily BAU and reports, handling calls with the offshore teams and cross train colleagues on the process
- Handling projects, based on process efficiency and root cause analysis
- An ability to work in under pressure, to meet tight deadlines and continuous learning about the market knowledge
- Proficiency in handling systems such as Cosmic & SSR
Associate
TCS E-Serve (Formerly known as Citigroup Global Services Ltd)
01.2008 - 02.2010
- Member of Account Servicing Team in Securities and Fund Services Unit
- Involved in servicing Citibank New York clients in the Separately Managed Accounts Domain
- Handling new account opening & maintenance items on behalf of the Investment Manager
- To carry out suitability review of new account application received, based on the guidelines provided by the Investment Manager
- To follow-up with various sponsors (Financial advisors) regarding client’s missing information
- Contacting Investment Manager’s Compliance department for any exceptions related to new account applications
- Liaison with Citibank Global Transaction Services team, to resolve account specific queries
- To carry out research on various projects assigned by the Citibank GTS team (Frozen accounts report, restrictions report)
- Proficiency in handling trading platforms used in SMA business (Vest mark & APL)
- Active participation in process migration from Citibank New York to TCS E-Serve Mumbai
Education
S.S.C. - undefined
Maharashtra State Board
H.S.C. - undefined
Maharashtra State Board
B. Comm. - undefined
Mumbai University
Skills
Hedge fund accounting
Awards
- Star of the quarter Award
- Best team of the Quarter
Timeline
Manager– Fund Accounting
Indus Valley Partners Ltd
11.2023 - 01.2025
Manager– Fund Accounting
SS&C GlobeOp Financial Services Technologies (India) Pvt. Ltd
08.2022 - 11.2023
Supervisor– Fund Accounting
CITCO Shared Services (India) Pvt Ltd
03.2019 - 08.2022
Associate Manager– Fund Accounting
SS&C GlobeOp Financial Services Technologies (India) Pvt. Ltd
08.2011 - 11.2018
Transaction Processing Specialist
J.P. Morgan Services India Private Limited
04.2010 - 05.2011
Associate
TCS E-Serve (Formerly known as Citigroup Global Services Ltd)
01.2008 - 02.2010
S.S.C. - undefined
Maharashtra State Board
H.S.C. - undefined
Maharashtra State Board
B. Comm. - undefined
Mumbai University
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