Srinivasulu M
Private Equity Fund Accounting
Hyderabad,TG
Summary
Looking forward for a challenging career break through where I can consistently expand my knowledge and refine my skills so that I can be a dynamic asset to the organization.
Insightful Manager with experience directing and improving operations through effective employee motivational strategies and strong policy enforcement. Proficient in best practices, market trends and regulatory requirements of industry operations. Talented leader with analytical approach to business planning and day-to-day problem-solving.
Overview
14
14
years of professional experience
3
3
English, Telugu and Hindi
Work History
Manager
Juniper Square represented by Work Futur Square Pvt. Ltd in India
05.2024 - Current
- Cash bookings and weekly reconciliation of cash
- Monthly reconciliation of investment and related activities
- Capital Call activity
- Management fees computation, carried interest and waterfall preparations
- Review and approve financial statements, investor reports and other fund related documents.
- Review investor allocations used to generate investor statements, waterfall calculations, capital calls and distributions in accordance with clients' Limited Partnership Agreements, asset and fund level performance metrics and external client and financial reporting.
- Migrate Funds from different accounting platforms to Investran.
- Hire, train and lead a team of fund accounting Professionals.
- Establish a clear performance objective, conduct regular performance assessments, and provide constructive feedback.
- High level of Interaction across the organization, including communications with investor relation, operations and financial reporting.
- Playing a key role to Build a team in India as part of Global expansion project.
- Collaborate with the external auditors to address audit queries and facilitate audits.
- Process: Private Equity
Assistant Vice President
CITCO India Services LLP
08.2021 - 05.2024
- Leading the team of 10 professionals comprises of Supervisors, Senior Fund Accountants and Fund Accountants who primarily work on Private Equity clients and the teams’ deliverables include the preparation of NAV pack, calculation of Carried Interest, Management Fee, assisting in capital call activity etc. Also, ensure the best quality is delivered by doing a supervisory review of the deliverables prepared by the team.
- The tasks include the following:
- Cash bookings and weekly reconciliation of cash
- Monthly reconciliation of investment and related activities
- Capital Call activity
- Management fees computation, carried interest and waterfall preparations
- NAV pack preparation including accrual bookings, FMV updates for Investments, preparation of supporting schedule for Financial Statements
- Process: Private Equity
Assistant Manager
CES Limited
01.2020 - 08.2021
- Preparing and reviewing and maintaining the books and records of private equity fund investment funds organized as limited partnership
- Preparation and review of quarterly and annual financial statements
- Prepare and analyze monthly Net Asset Value (NAV) for private equity funds
- Book all cash activity into Geneva & ensure that the book cash balances agree with the bank account balances
- Determining and preparing distributions, drawdowns, Management fees, Incentive fee and partner capital statements
- Booking the partner transfers
- Calculation of IRR, Carry interest and Waterfall model.
- Conducting weekly meetings with onshore team
- Conducting monthly check-in meetings and taking care of yearly appraisal for the team.
- Client: Oaktree Capital Group
Team Leader
State Street Mumbai Private Limited
06.2017 - 01.2020
- Handling a team of 10 associates and completely responsible for the team appraisal, growth & development and grooming the new team members joining the team.
- Nature of work:
- Responsible for monthly auditing of the accounting packages & reconciling the general ledger with the Sub ledger, checking of the NAV & TNA & thus disclosing status or the positions of any particular mutual fund as well as working on MCH.
- Basic Job is to ascertain the validity and reliability of the various items appearing on the financial statements i.e. P&L a/c, Balance Sheet which we called Trial and General Ledger.
- Proof preparation and Reconciliation of books (monthly/semi/annual/quarterly audit)
- Communicating with the clients regarding the exceptions and unusual transactions affecting the proofing via emails or teleconferencing
- Reconciliation of books of accounts.
- Followed client specific procedures provided in the SLA.
- Reconcile various Trades, Cash and as of activity posted if any.
- Following all the procedure to meet SLA daily, weekly reporting to internal and BU team responsibilities.
- Meeting daily deadline and send EOD to oversees client.
- Process: Proofs and Audit
Process Specialist
Cognizant Technology Solutions India Pvt. Ltd.
12.2009 - 06.2017
- Private Equity Fund Accounting (PEFA) involves preparing, updating and reporting financial statements of various private equity funds, which are structured as Fund of Funds (FoF) in the form of Limited Partnership, on a quarterly and annual basis. The quarterly financial statements are unaudited ones, which are sent to the Limited Partners (Investors) of the funds. The Annual Financial Statements (AFS) of the funds are subject to statutory audit. Daily /periodic responsibilities in preparing financial statements, some of which are unique to PEFA, are detailed below:
- Responsibilities:
- Check Bank account for activities
- Book all cash activity into Investran & ensure that the book cash balances agree with the bank account balances
- Monitor and analyze cash to determine if capital call or distribution is necessary. For capital calls, prepare allocation schedule & draft capital call notices. For capital distributions, determine components of proceeds to be distributed, prepare allocation schedule and draft distribution letter to partners
- Check the underlying funds PCAP report in Fund Central & book all available underlying funds PCAP’s received
- Book any new capital commitments to underlying funds
- Reconcile all bank accounts to investran & prepare monthly cash report
- Update general ledger entries so the monthly purchase & sales activity by underlying fund can be run for firm reporting
- Update Accrued Expenses schedule & reconcile with payments and GERS run
- Preparing the Management Fee calculation and other calculations like Internal Rate of Return and Carry interest.
- Reconcile investment balances with underlying fund’s pcap statements
- Reconcile remaining commitment with underlying fund’s pcap statement
- Reconcile and check allocation for partners
- Make sure all items listed in the work paper index are complete
- Preparing financial statements
- Process: Private Equity – Fund Accounting
Senior Customer Executive
ADP Private Limited
02.2006 - 08.2007
- Processing Medical Claims and providing world class service by receiving calls from Health Insurance policy holders.
- Maintain database by entering information.
- Research required information using available resources. As this is related to health insurance one has to be extra cautious in explanation and should be able to resolve it over the call by talking to various stakeholders.
- Process: Inbound Calling
Education
PGDM - Marketing and Finance
Dhruva College of Management
Bachelor of Commerce - Computers
Osmania University
01.2005 - 01.2008
Certificate - International Financial Reporting Standards
Association of Chartered Certified Accountants (ACCA)
Skills
Team leadership
Disclaimer
I do here by declaring that the particulars mentioned are true and correct to the best of my knowledge and belief. Srinivasulu M
Timeline
Manager
Juniper Square represented by Work Futur Square Pvt. Ltd in India
05.2024 - Current
Assistant Vice President
CITCO India Services LLP
08.2021 - 05.2024
Assistant Manager
CES Limited
01.2020 - 08.2021
Team Leader
State Street Mumbai Private Limited
06.2017 - 01.2020
Process Specialist
Cognizant Technology Solutions India Pvt. Ltd.
12.2009 - 06.2017
Senior Customer Executive
ADP Private Limited
02.2006 - 08.2007
Bachelor of Commerce - Computers
Osmania University
01.2005 - 01.2008
Certificate - International Financial Reporting Standards
Association of Chartered Certified Accountants (ACCA)
PGDM - Marketing and Finance
Dhruva College of Management
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