Yogesh Varnekar

• Led and mentored a high-performing team of associates, senior associates, and managers by conducting regular performance reviews, providing individual feedback, and delivering professional coaching.
• Providing accounting solutions to hedge funds for independent valuations, investor transparency, and regulatory compliance.
• Performing first-level NAV review for daily, monthly, and quarterly funds and signing off to the local office within the delivery timeline.
• Responded promptly to client queries through the local office.
• Maintained a quality level of 99% and above by strictly adhering to operational checklists, promptly escalating breaks to the local office for timely resolution.
• Proactively addressed team issues by documenting and reporting them, enabling the implementation of necessary controls for permanent solutions.
• Proactively managed resources to prevent delays and provided evidence of successful team performance and migrations. Showcased achievements with low OT, high utilization, active issue management, and streamlined processes.
• Successfully managed migrations according to local office timeline. Supported team with new fund launches.
• Ensured accurate charging of management and incentive fees to investors by carefully reviewing calculations and performing necessary adjustments based on the Fund's PPM.
• Ensured accurate validation of opening and closing NAV, income allocation, and net return for individual investors throughout the designated timeframe.
• Identify process improvements and the efficiency opportunities in daily activities.

Project involvement.

• Collaborated actively in the Fund rec project, aimed at designing a versatile reconciliation tool for various types of reconciliations.
• Played a vital role in the implementation of Trade file automation project
• Conducted diverse trainings for HFA team as part of the HFA training committee.

• Led and ensured timely delivery of hedge fund NAVs as well as completion of annual audit requests.
• Conducted daily review of client deliverables as internal client-facing coverage
• Performed daily and month-end pricing checks, ensuring accurate valuations for the client's investment portfolio across diverse financial products held within the fund.
• Validating the capital movement, fund trading/non-trading accruals, the market value of the positions, and any cash/trade break with custodian.
• Analyzed and detailed the impact of corporate actions on client portfolio to process necessary bookings.
• Prepared and finalized monthly P&L and allocations for client portfolio.
• Identified process improvement and efficiency opportunities in daily processing activities.
• Performing monthly investor statement review and audit confirm review.

Key Highlights.

• Contributed to the successful User Acceptance Testing (UAT) of a newly developed in-house system, guaranteeing efficient execution of daily activities and reconciliation.
• Organized training sessions for new employees to optimize their understanding of workflows and enhance productivity.
• Ensured securities valuation is in line by providing benchmark prices across portfolios.

• Ensured daily resolution of any discrepancies in trades, cash movements, and positions among the Fund Manager, Prime Broker, and Globeop system.
• Provided Daily Profit and Loss estimates for Hedge Fund clients as a key function of the role.
• Executed booking of a wide range of corporate actions and fixings using the accounting system (Geneva).
• Ensured accurate processing of subscriptions and redemptions to client portfolios within stipulated time.
• Prepared weekly and monthly workbooks for client, encompassing investor allocation, risk reporting, and fail trade report.
• Resolved queries of Account Managers, Fund managers, and Clients within minimum timeframes.
• Processed various types of wires such as Management, Admin, Prime Broker and Performance Fees, along with Margin Call, Redemption and Subscription Wires.
• Prepared annual financial statements comprising of Statement of Net Asset, Statement of Operation, Cash Flow and Fund Flow Statement.

Project involvement.

• Assisted with the successful implementation, testing, and launch of new client funds set-up.
• Automation of manual reconciliations.