Sunil Agarwal
Pune
Summary
CA | FRM | CFA Level III Candidate with 11+ years of progressive experience in fund accounting, financial reporting, and team leadership across Private Equity, Hedge Funds, Mutual Funds, and Fund of Funds. Currently VP at BNY; previously with PwC, Cognizant, and Apex Fund Services. Deep expertise in US GAAP and IFRS financial statement preparation, NAV reporting, and investor disclosures for global fund portfolios. Proven track record in leading high-performing teams, driving process automation, and managing onshore stakeholder relationships.
Overview
1
1
Certification
11
11
years of professional experience
Work History
Vice President - Financial Reporting
BNY
Pune
04.2024 - Current
- Prepare and review financial statements (Statements of Net Assets, Operations, Changes in Net Assets, and Schedules of Investments) for Hedge Funds, Private Equity Funds, Fund of Funds, and Mutual Funds in compliance with US GAAP and IFRS.
- Lead client and auditor interactions to resolve complex reporting issues, ensuring financials accurately reflect fund performance under tight deadlines.
- Advise on implementation of new accounting standards and process enhancements to maintain regulatory compliance.
- Train and mentor new joiners and junior team members, improving team capability and overall delivery quality.
- Spearhead automation initiatives to streamline reporting workflows, reduce manual effort, and improve accuracy across monthly and quarterly reporting cycles.
Assistant Vice President - Financial Reporting
Apex Fund Services LLP
Kolkata
10.2022 - 02.2024
- Led and managed a team of 10+ professionals across financial reporting for PE Funds, Hedge Funds, and Fund of Funds; oversaw task allocation, performance management, and team development.
- Spearheaded migration of UK & Luxembourg Financial Reporting clients, including full process transition, system training, and onboarding.
- Reviewed and validated financial statements, disclosures, financial highlights, and NAV calculations for Private Equity and Hedge Fund portfolios.
- Ensured adherence to US GAAP and IFRS standards across all financial reporting deliverables.
- Managed client, auditor, and onshore stakeholder communications; resolved complex queries and ensured timely delivery across multiple fund types.
- Supported new fund launches by establishing accounting structures, reporting frameworks, and fund administration workflows.
- Oversaw derivative exposure reporting, Level 3 reconciliations, IRR calculations, and audit readiness across fund portfolios.
- Awarded Star Employee of the Month (March 2023) for outstanding performance and client delivery.
Senior Executive - Financial Reporting
Back Office IT Solutions Pvt. Ltd. (NAV)
Jaipur
02.2022 - 10.2022
- Prepared and reviewed interim and annual financial statements and disclosures in compliance with US GAAP and IFRS investment company standards.
- Drafted financial statement disclosures including complex items: ASC 820, ASC 815, notional exposure of derivatives, Level 3 reconciliation, and IRR calculations.
- Provided training and ongoing technical support to team members on reporting standards and deliverables.
Team Leader - Financial Reporting
Cognizant Technology Solutions India Private Limited
Hyderabad
09.2019 - 02.2022
- Led financial reporting for US-based hedge funds; reviewed financial statements in line with US GAAP and IFRS.
- Oversaw key reporting processes including Financial Highlights (FiHi), look-through analysis, cash flow analysis, FS analysis, subsequent events, and VIE/VOE assessments.
- Reviewed monthly and quarterly TIC reports, analysed variances, and ensured data accuracy across fund reporting cycles.
- Collaborated with auditors, fund administrators, fund accountants, and onshore teams to ensure timely and accurate reporting.
- Awarded Cognizant Cheers (three times) for Top Performance and Innovative Ideas
Assistant Manager - Finance & Accounting
Grabonrent Internet Private Limited
Bangalore
07.2019 - 09.2019
- Prepared and filed GST and TDS returns with accurate reconciliations and statutory compliance.
- Reviewed books of accounts, prepared financial statements (Balance Sheet, P&L, Cash Flow, Notes to Accounts), and supported statutory and tax audits.
Senior Executive - Accounting and Finance
Fourbridges Advisory Services Pvt. Ltd.
Bangalore
12.2017 - 12.2018
- Managed end-to-end accounts receivable for Flipkart seller entities; led month-end close activities including marketplace commission, inventory valuation, and logistics accounting.
- Prepared monthly P&L with variance analysis and generated MIS reports covering inventory, cash reconciliations, and account schedules.
Associate - Fund Audit and Assurance
PricewaterhouseCoopers Service Delivery Centre (Kolkata) Private Limited
Kolkata
11.2015 - 12.2017
- Conducted fund audit and financial reporting under PwC methodology for mutual funds, hedge funds, and private equity funds across the US, UK, Canada, and Australia under applicable US GAAP and IFRS.
- Applied PwC audit methodology to test FSLIs and ensure compliance with regulatory and reporting standards.
- Performed substantive testing on income (dividends, interest, realised/unrealised gains) and expenses (management and performance fees).
- Evaluated fair valuation of investments (Level 1–3) in line with ASC 820 and IFRS 13.
- Reviewed NAV calculations and tested investor activities (subscriptions, redemptions, capital allocations); performed portfolio reconciliations with custodians, brokers, and fund administrators.
- Conducted variance analysis and ensured end-to-end tie-out between financials, trial balance, and supporting reports.
Education
Chartered Accountant -
Institute of Chartered Accountants of India (ICAI)
India01-2026
CFA Level III Candidate -
CFA Institute
United States01-2017
Financial Risk Manager (FRM) -
Global Association of Risk Professionals (GARP)
United States01-2021
B. Com (Honours) -
University of Calcutta (CU)
India01-2009
https://www.linkedin.com/in/suniilagarwaala
Certification
- Financial Modelling & Valuation Analyst (FMVA)
- Chartered Wealth Manager (CWM)
- Certified Financial Planner (CFP)
Core Competencies
- Financial Reporting: US GAAP · IFRS · NAV Reporting · Financial Statements · Fund Accounting · PE/HF/MF/FoF Reporting · ASC 820 · ASC 815 · IFRS 13 · Level 3 Reconciliation · IRR Calculations · Investor Disclosures
- Compliance & Audit: Regulatory Compliance · Audit Coordination · Derivative Exposure Reporting · Look-Through Analysis
- Leadership & Operations: Team Management · Process Improvement & Automation · Client & Stakeholder Management · Fund Launches · Migration Management · Training & Mentoring
- Languages: English (C1 — Advanced) · Hindi (B2) · Bengali (A2)
Timeline
Vice President - Financial Reporting
BNY
04.2024 - Current
Assistant Vice President - Financial Reporting
Apex Fund Services LLP
10.2022 - 02.2024
Senior Executive - Financial Reporting
Back Office IT Solutions Pvt. Ltd. (NAV)
02.2022 - 10.2022
Team Leader - Financial Reporting
Cognizant Technology Solutions India Private Limited
09.2019 - 02.2022
Assistant Manager - Finance & Accounting
Grabonrent Internet Private Limited
07.2019 - 09.2019
Senior Executive - Accounting and Finance
Fourbridges Advisory Services Pvt. Ltd.
12.2017 - 12.2018
Associate - Fund Audit and Assurance
PricewaterhouseCoopers Service Delivery Centre (Kolkata) Private Limited
11.2015 - 12.2017
Chartered Accountant -
Institute of Chartered Accountants of India (ICAI)
CFA Level III Candidate -
CFA Institute
Financial Risk Manager (FRM) -
Global Association of Risk Professionals (GARP)
B. Com (Honours) -
University of Calcutta (CU)