RISHABH KHINVASARA
Bengaluru
Summary
Seasoned Finance Executive with experience in Performance Oversight, Financial Analysis & Reporting. Successfully led and built the team after high stress attrition periods. Worked with teams across US, EMEA and APAC regions in India and US offices with extensive exposure in cross country process migrations, automation, handling FED reporting, internal audits, people management & hiring.
Overview
6
6
years of professional experience
Work History
Vice President - AWM Private Product Control
Goldman Sachs
07.2024 - Current
- P&L Oversight: Lead the daily review and analysis of P&L for private real estate and credit products, ensuring accuracy, timely reporting, and resolution of discrepancies with front and middle office teams
- Financial Control and Reporting: Oversee compliance with accounting standards, manage monthly and quarterly financial close processes, and ensure accurate balance sheet substantiation and P&L attribution along with leading quarterly stamping process and oversee FAS 157 and FAS 159 (Level 3 Assets and Liabilities) reporting
- Valuation and Risk Management: Supervise the valuation process for real estate and credit assets, ensuring fair value accuracy, and implement controls to manage financial and operational risks
- Stakeholder Management and Leadership: Act as the key contact for middle office, risk, and operations teams on a regular basis to go through investments performances and deal reviews, while leading and mentoring junior finance team members to ensure delivery of high-quality financial reports
Vice President – AWM Public Performance Analytics & Reporting
Goldman Sachs
03.2022 - 06.2024
- GIPS & USIPC Compliance: Ensure that all performance reporting adheres to Global Investment Performance Standards (GIPS) and guidelines issued by the USIPC, maintaining the integrity and transparency of reporting practices
- Performance & Attribution Review: Lead a dedicated team responsible for reviewing and finalizing pre-tax returns in comparison to benchmark performance for over 40,000 clients with ~$35 billion in assets within Tax Advantage Core Strategies, involving reconciliation of security level discrepancies at the transaction, position, and pricing level in Global Performance Measurement and Risk applications
- Conduct account profit and loss reviews, shadow accounts to NAV performance monitoring and provide insightful commentary on performance outliers based on portfolio characteristics
- Post-Tax Performance Analysis: Review post-tax returns and performance alpha against benchmarks for more than 3,500 accounts in enhanced dividend, market continuous, and dynamic diversification strategies
- Collaborate with portfolio managers to ensure that product performance meets standards for inclusion in marketing materials
- Tax Lot Reconciliation & Wash Sale Implementation: Assisted in the implementation of daily tax lot reconciliation process, aligning internal tax lot data with custodian records
- Worked with internal stakeholders and external consultants to enhance firm systems to be in compliance with IRS wash sale rules, improving accuracy and regulatory adherence
- Strategic Collaboration and Automation: Collaborate with Technology, Operations, Client Reporting, and Portfolio Managers on multiple strategic initiatives to automate workflows and streamline processes
- Drive increased productivity and establish effective controls through process improvements and technological enhancements
Associate & Senior Analyst- Legal Entity Controller
Goldman Sachs
01.2019 - 02.2022
- P&L and Balance Sheet Review: Scrutinize significant profit and loss movements related to Asset Management Fees, Incentive Fees, Transfer Pricing Allocations, and other revenue streams across various products, ensuring key drivers align with expectations and asset/liability balances are appropriately aged and substantiated
- Statutory Audits: Lead the team responsible for statutory audits of legal entities, collaborating with external auditors, preparing & reviewing Financial Statements
- Tax Management: Perform tax calculations and reconciliations, analyzing current and deferred tax balances to ensure timely settlements of tax liabilities
- Regulatory Reporting: Prepare and review multiple external and regulatory reports, including FRY11, BE10, CFTC and OSC, ensuring compliance with applicable regulations
Education
Chartered Accountant -
ICAI
Rajasthan05.2018
Bachelor of Commerce - Accounting And Finance
Rajasthan University
Rajasthan06.2016
Skills
- GIPS & USIPC Guideline Expertise
- Benchmark & Attribution Analysis
- MS Office Applications
- Tableau
- SQL
- Dashboards
Area Of Expertise
- Internal Control & Risk Analysis
- Divisional Management Reporting
- P&L Analytics & Balance Sheet Management
- Regulatory Reporting
- Financial Product Control & Forecasting
- Cross-functional team leadership
Hobbies and Interests
- Poetry
- Global Affairs
- Movies & Drama
- Philosophy
Timeline
Vice President - AWM Private Product Control
Goldman Sachs
07.2024 - Current
Vice President – AWM Public Performance Analytics & Reporting
Goldman Sachs
03.2022 - 06.2024
Associate & Senior Analyst- Legal Entity Controller
Goldman Sachs
01.2019 - 02.2022
Chartered Accountant -
ICAI
Bachelor of Commerce - Accounting And Finance
Rajasthan University
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