SPHURTHY PALLEKONDA
Hyderabad
Summary
Results-driven Chartered Accountant with over 3 years of experience in Private Equity. Specializing in fund accounting, strong focus on financial reporting and compliance, consistently delivering accurate and timely results while ensuring adherence to regulatory standards.
Expertise extends to team collaboration, problem-solving, and adapting to changing needs. Possesses exceptional skills in financial analysis, account reconciliation, and investment portfolio management. Seeking opportunity with progressive organization that values continuous improvement and empowers to connect with industry leaders, expand knowledge, and forge successful career.
Overview
13
13
years of professional experience
Work History
Senior Fund accountant - Private Equity
CITCO Group Services India LLP
12.2021 - Current
- Maintaining books and records, calculating Fund Net Asset Value (NAV) and supporting Audit Queries.
- Handling Ad hoc requests like capital calls and distributions with proficiency.
- Acting as primary day-to-day contact with clients and other fund participants
- Working closely with investor relations teams to respond to investor queries and to disseminate capital activity and other investor notices.
- Expertise in PPN, RCM calculations and Daily Cash Bookings.
- Working knowledge in calculating carried interest / performance / incentive fees, NAV rebalancing, Management fee calculations, Operating accruals, Inter-company reconciliation.
- Updating the SOPs periodically.
- Developed conceptual understanding on Limited Partnership Agreement (LPA), Private Placement Memorandum (PPM), Investor Commitment, Contributions and Distributions.
Articleship
01.2012 - 01.2015
- Computation of taxes and filing of IT Returns, GST & TDS returns
- Knowledge on statutory compliances as per Companies Act such as GST, TDS etc
- Registration of Companies and Partnership firms
- Vouching & Verification of Books of Accounts ensuring time as per Audit plan
- Preparation and review of various reconciliation statements
- Assignments like personnel account audit, stores audit, physical verification of assets
- Represented firm on Statutory Audit, Internal Audit, Tax Audit and Audits in Manufacturing sector
- Bank audit as per RBI regulations & Banking Regulations Act covering areas such as Verification of NPA, Loan documents, KYC Norms, Security cover & compliances with terms of sanction
Education
Chartered Accountant -
ICAI
01-2021
Bachelor of Commerce (B. Com) -
Acharya Nagarjuna University
01-2015
Skills
Project Management
Multitasking
Communication Skills
Fund accounting
Microsoft Excel proficiency
Financial reporting
Knowledge Purview
- Skilled at Private Equity Fund concepts like Management Fee calculation, Commitments, Contribution, Distribution and Unfunded Commitment.
- Understanding of differences between Hedge Funds, Private Equity Funds, Mutual Funds.
- Substantial knowledge on concepts of Private Equity Structure such as On-Shore, Off-Shore/Feeder funds, various investment strategies in Private and Hedge funds.
- Knowledge about ETFs, Index Funds, Mutual Fund concepts such as Open/Closed ended funds, NAV computation and Analyzing Fund performance.
- Familiar with Fund accounting terms like AUM, AUC, Placement fee and Service fee.
- Basic awareness on Futures and Options, Bond Markets and various strategies to hedge the risk.
Accomplishments
- Recognized as “ACE Employee of the Month” for May 2023 and February 2024
Timeline
Senior Fund accountant - Private Equity
CITCO Group Services India LLP
12.2021 - Current
Articleship
01.2012 - 01.2015
Chartered Accountant -
ICAI
Bachelor of Commerce (B. Com) -
Acharya Nagarjuna University
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