Amir Abbasi
Spotswood,NJ
Summary
Number-savvy Fund Accountant offering excellent analytical skills and accounting principles knowledge. Over 10 years of experience performing financial statement analysis and account reconciliation services. Superior research talents with GAAP expertise solve complex problems.
Overview
30
30
years of professional experience
Work History
Associate/Fund Accountant
BlackRock
New Jersey
06.2023 - 08.2023
- Review and oversee quarterly and annual reporting packages
- Review and oversee capital calls and distributions prior to management approval
- Review NAVs of the firm's alternative investment fund products, including detailed review and analysis of key reconciliation, waterfall and fee calculation
- Ensure a best-in-class control environment exists internally in an oversight capacity and externally within our 3rd party administrators
- Custom reporting and projects for investor specific needs.
- Monitored and managed cash flows and expenses.
- Collaborated with fund managers regularly to align efforts to confirm accurate financial reporting.
Operation Manager/Fund Accounting
Strenta Investment Management (Family Office)
Miami, FL
02.2023 - 05.2023
- Cash management and treasury functions, including the cash processing of investment calls/subscriptions, invoices, and client withdrawals
- Ensure investment transactions, invoices, client subscriptions/withdrawals are properly authorized, accurately coded, and processed in Backstop and by Portfolio administrator
- Review and reconcile fair market value monthly with the Portfolio’s external administrator
- Ensure timely and accurate Portfolio financial statement reporting
- Analyze financial statements including balance sheet, income statement, cash flow statements, and footnotes for accuracy.
VP/Senior FUND ACCOUNTANT
APG Asset Management US, Inc.
New York, NY
08.2015 - 10.2021
- Review and/or process capital calls/distributions on PE/Infrastructure/Hedge Funds and other transactions in adherence to legal documents/limited partnership agreement (LPA)
- Analyze partners’ capital statement, prepare funded/unfunded schedule, investment cost schedule and process fund invoices
- Prepare monthly/quarterly and annual close of assigned funds financial statements
- Prepare monthly cash and portfolio reconciliation for Credit and Private Equity funds
- Maintain general ledger and various sub-ledgers
- Client service to the front office and interaction with management and other parties
- Review and confirm fund estimates, general ledger, and NAV from the fund administrator, understanding trade- related reconciliations and foreign currency revaluation
- Process capital calls, distributions, and other transactions as necessary
- Analyze partners’ capital statements and prepare funded/unfunded and PE investment cost schedule
- Coordinate, manage, and monitor periodic audit processes / update reviews and comments
- Review of monthly net asset valuation (NAV), investment performance
- Allocations, management fee calculations
- Income and expense accruals / pricing and valuation processing
- Manage and monitor the timing and quality of deliverables
- Follow up in responses to written inquiries or to obtain clarification on transaction processing requests.
Senior Accountant/Investment Analyst
Neuberger Berman
New York, NY
08.2014 - 06.2015
- Analyze assigned investment portfolio for variances and make journal entries
- Reconcile daily cash and position reconciliation for equity and fixed income funds
- Review the work of a third party, make necessary adjustments, and pull statements to support the work.
- Prepared monthly journal entries and reconciliations.
Accountant-Legal Entity
BMO Capital Markets
New York, NY
08.2013 - 07.2014
- Facilitate legal entity accounting for US Broker-Dealer including daily bank reconciliation
- Update commission schedule using data from derivative operations and general ledger system
- Governance of books, records, expenses, income, and general ledger entries
- Ensure funds received or disbursed from custodian gets allocated into proper general ledger accounts.
SENIOR ACCOUNTANT
Enterprise Control Solutions
Colonia, NJ
06.2011 - 07.2013
- Led completion of all bank reconciliations for 4 to 5 companies and code invoices
- Developed and analyzed monthly and quarterly profit and loss and balance sheet accounts
- Manage monthly reconciliations, payroll allocations, and timing and quality of client deliverables
- Calculated commission and quarterly sales tax for over twenty-five companies
- Facilitated service provider bills prior to payment and follow up on uncollected receivables.
- Prepared monthly journal entries and reconciliations.
- Reconciled accounts and created documents for monthly closure procedures.
SENIOR INVESTMENT ACCOUNTANT
Tower Group Companies
New York, NY
08.2010 - 03.2011
- Collected, verified, and analyzed transactions from third-party manager prior to updating the ledger
- GAAP/STAT general ledger reconciliation and prepared/posted entries into SunGard Invest One
- Calculated/prepared management fees invoice for payment and assisted manager with SOX paperwork
- Monthly analysis of net income and realized gains and losses for 17 entities.
SENIOR INVESTMENT ACCOUNTANT
Inter Venture Capital Group (Family Office)
New York, NY
11.2009 - 06.2010
- Prepared and reviewed trial balance and work paper to reconcile general ledgers accounts
- Recorded capital calls/distributions on private equity investments and knowledge of waterfall
- Maintained excel worksheet for LP funds and quarterly compared with partnership financial
- Ensured partner P&L is calculated and allocated accurately
- Performed cash and portfolio reconciliations / income and expense accruals
- Prepared month-end and quarterly financial reports for the client and investment team
- Performed monthly reconciliations, recorded journal entries, and analyzed income/expenses and allocations
- Reviewed and reconciled investments on monthly basis between custodian and investment managers
- Converted monthly reconciliation and management fee calculation of over 10 managers into MS Excel
- Month-end close on consolidated bases and ensured investors shares are allocated per agreement
- Reviewed global fixed income portfolio holdings and tracked currency fluctuation.
SENIOR FUND ACCOUNTANT
TIAA-CREF
New York, NY
01.2007 - 03.2008
- Oversaw corporate actions processing and ensure settlement of security and cash transactions
- Prepared securities lending entries and posted them into the SunGard Invest One system
- Reviewed work of staff accounts
- Facilitated adjusted trial balance and aging schedule for the treasury department
- Updated daily NAV recalculation spreadsheet using the trial balance and identify significant variance.
SENIOR INVESTMENT ACCOUNTANT
FORD FOUNDATION
New York, NY
05.1993 - 06.2006
- Monthly accounting of Fund of Fund Portfolio
- Prepared month-end close and journal entries per GAAP
- Prepared daily market value portfolio report for investment team, analyze, and describe any large variances
- Assisted in the valuation of Private Equity portfolio on a monthly/annual basis
- Analyze partnerships’ Financial Statements to ensure capital balance ties
- Tracked funded and unfunded commitments for private equity portfolio monthly
- Reviewed capital calls/distributions made into private equity portfolio for accuracy and calculate multiples
- Assisted external auditors with general ledger issues during the interim and year-end audit
- Accounting/settlement of bonds (domestic and foreign), stocks, foreign exchange, and futures
- Performed monthly income and expense accruals / cash and portfolio reconciliations
- Confirmed fixed income trades with brokers to ensure on-time settlement
- Liaison between investment department and custodian bank to resolve trade discrepancies
- Reviewed vendor invoices prior to payment, prepared tax lot reports, and assisted manager with 990PF
- Prepared currency overlay schedule for an international bond fund to analyze gains/losses
- Managed and reviewed work of accountants.
Education
BBA - Accounting
Bernard M. Baruch College
New York, NY05.1987
Skills
- Reconciliation Automation
- Income Allocation
- Organizational Skills
- Capital Calls
- Trade Settlements
- Investment Operations
- Alternative Investments
- Investment Accounting
- Net Asset Value Calculation
- Data Entry
- Bank Statement Reconciliation
- Private Equity Funds
- Preparing Reports
- Time Management
- Attention to Detail
Software Packages
- Microsoft Excel (Advance Excel: VLOOKUP, XLOOKUP, SUMIF, Pivot Table)
- Word
- Bloomberg
- Concur
- EFront
- Backstop
Accounting Packages
- Geneva
- PAM
- SunGard Invest One
- JD Edwards
- Solomon
- QuickBooks
- CODA Financial
- STaARS
- Cash Management System (CMR)
- Client Tracking System(CTS)
Education Credentials
- Bernard M. Baruch College, New York, Bachelor of Business Administration – Accounting
- U.S. Career Institute, Colorado, Certified Bookkeeping Specialist
- The Income Tax School, Virginia, Comprehensive Tax Course
Timeline
Associate/Fund Accountant
BlackRock
06.2023 - 08.2023
Operation Manager/Fund Accounting
Strenta Investment Management (Family Office)
02.2023 - 05.2023
VP/Senior FUND ACCOUNTANT
APG Asset Management US, Inc.
08.2015 - 10.2021
Senior Accountant/Investment Analyst
Neuberger Berman
08.2014 - 06.2015
Accountant-Legal Entity
BMO Capital Markets
08.2013 - 07.2014
SENIOR ACCOUNTANT
Enterprise Control Solutions
06.2011 - 07.2013
SENIOR INVESTMENT ACCOUNTANT
Tower Group Companies
08.2010 - 03.2011
SENIOR INVESTMENT ACCOUNTANT
Inter Venture Capital Group (Family Office)
11.2009 - 06.2010
SENIOR FUND ACCOUNTANT
TIAA-CREF
01.2007 - 03.2008
SENIOR INVESTMENT ACCOUNTANT
FORD FOUNDATION
05.1993 - 06.2006
BBA - Accounting
Bernard M. Baruch College