Sudheer Reddy Lakkireddy
Hyderabad
Summary
Chartered Accountant with experience in financial statement preparation and regulatory reporting, currently working in a financial reporting team. Previously gained hands-on experience in audit, along with exposure to broader finance functions including compliance, reconciliations, and process improvements. Skilled in analyzing financial data, identifying control gaps, and supporting high-quality, deadline-driven reporting.
Overview
8
8
years of professional experience
7
7
years of post-secondary education
Work History
FR SENIOR ACCOUNTANT
CITCO Fund Services LLP
Hyderabad
11.2023 - Current
- Managed financial reporting for diverse client portfolios at CITCO Fund Services.
- Prepare primary financial statements (annual and quarterly) & all related notes including FiHi and IRR disclosures in accordance with accounting and regulatory disclosure requirements (US GAAP and IFRS) within agreed client deadlines & SLA’s for Private Equity and Hedge Funds
- Prepared monthly, quarterly, and annual financial statements for compliance purposes.
- Conducted account reconciliations to ensure accuracy of financial records.
- Collaborated with cross-functional teams to enhance operational efficiency.
- Reviewed transactions for adherence to regulatory and internal policies.
- Implemented process improvements to streamline accounting operations effectively.
- Performed general ledger account reconciliations and generated updated financial documents.
- Reviewed and analyzed financial statements to identify potential discrepancies.
- Ensured compliance with all applicable laws, regulations, policies, procedures, and standards of generally accepted accounting principles
- Review financial statements both from a numbers perspective and also completed word documents for disclosure’s , quality and completeness perspective
- Preparing and submitting regulatory reports (AIFMD) to relevant authorities ensuringaccuracy and timeliness.
- Analysis & raising queries of client accounting records and escalation, where appropriate, of any potentialissues identified.
Associate 2
KPMG GDC
Bangalore
06.2023 - 10.2023
- Worked closely with Offshore Engagement Teams across KPMG US and Australia for audit engagements in the Asset and Wealth Management sector.
- Supported audit planning by summarizing minutes and contracts, defining materiality thresholds, and identifying key financial statement line items (FSLIs).
- Executed substantive procedures over acquisitions and disposals of investments tovalidate transaction accuracy.
- Conducted research to support consulting projects and client needs.
- Completed disclosure checklists to verify compliance with regulatory and reportingframeworks.
- Developed lead schedules and audited notes, including Financial Highlights such as IRRand expense ratio calculations.
- Performed tie-out procedures and sampling for various audit areas including cash,equity, and management fees.
Article Assistant
Sreedar & Mohan Associates
Bangalore
12.2017 - 12.2020
- Managed compliance activities including timely filing of TDS, TCS, and GST returns, ensuring adherence to tax regulations.
- Evaluated internal controls for design and operational effectiveness and recommended risk-mitigating solutions.
- Assessed compliance in bank concurrent audits and ensured accurate financial reporting.
- Conducted internal audits for private companies in manufacturing and automative sectors to identify areas of improvements.
- Performed internal audits across various entities, identifying control gaps and recommending process improvement
- Ensured statutory compliance with GST, TDS, and applicable accounting standards,including preparation of Form 3CB, 3CD, 15CA, and 15CB.
- Verified fixed assets physically and re-computed depreciation as per Companies Act,2013.
- Performed concessionaire audits, detecting billing discrepancies and uncovering potential revenue leakages.
- Assessed compliance in bank concurrent audits and ensured accurate financial reporting.
Education
Chartered Accountant
Institute of Chartered Accountats of India
05.2016 - 11.2022
Skills
- Financial Statement Preparation &Review
- Audit planning and Substantive testing
- Financial risk management
- Quality control and Risk Assessment
- Financial Due Diligence
- Statutory Audit
- Financial analysis
Languages
Telugu
Proficient (C2)
C2
English
Proficient (C2)
C2
Hindi
Beginner (A1)
A1
Interests
- Cricket
- Sports
- Travelling
- Browsing
Computer Skills
- Tally
- MS Office
- Aexeo
- Investran
Timeline
FR SENIOR ACCOUNTANT
CITCO Fund Services LLP
11.2023 - Current
Associate 2
KPMG GDC
06.2023 - 10.2023
Article Assistant
Sreedar & Mohan Associates
12.2017 - 12.2020
Chartered Accountant
Institute of Chartered Accountats of India
05.2016 - 11.2022