Ashish Dodia
West Chester,PA
Summary
Skilled in management, with a track record of driving team performance and achieving organizational goals. Proven ability to navigate complex situations and developing and implementing strategies to increase efficiency. Passionate about cultivating a dynamic workplace, mentoring talented professionals, and fostering a culture of collaboration.
Overview
19
19
years of professional experience
Work History
Senior Controller, Private Equity Fund Accounting
Petra Funds Group
04.2024 - Current
- Managing the quarterly and year-end close activities for assigned funds. Including work paper preparation/review including financial statements, capital account statements and account reconciliations to ensure accurate reporting
- Reading, understanding and interpreting limited partnership agreements, operating agreements and other related legal documents
- Prepare/review capital calls and distributions including investor calculations and notices
- Possess critical thinking skills to be able to perform meaningful reviews and to identify issues
- Managing and coordinating fund audits for assigned funds including detailed review of financial statements and footnotes
- Communicating with multiple parties including client contacts, senior management, external auditors, bankers, and tax accountants
- Managing and coordinating tax returns, K-1s and other related tax documents
- Addressing ad-hoc reports requests from multiple sources
- Main point of contact to address client and investor questions
Senior Vice President, Fund Fiduciary Services
Maples Group
07.2019 - 04.2024
- Providing corporate governance and fund fiduciary services to Delaware limited liability companies and limited partnerships in the alternative investment space
- Independent directorship services include analyzing and approving private investments, reviewing financials, navigating unexpected operating events, managing vendor relationships, and reviewing operating agreements
- Manage a team to help review various fund operation calculations, commenting on the various fund documents (PPMs, LPAs), and managing the audit process
- Chairing quarterly board meetings where audited financials are approved, reviewing of board materials, investor issues and service provider updates
- Business development responsibilities including identifying new service lines, leveraging current relationships to cross sell services, and cultivating new business relationships
- Assisting with in the interview process, budgeting and forecasting revenue for the department
Senior Private Equity Accountant
Argosy Capital
11.2018 - 07.2019
- Preparing and posting all general ledger and related activity for ten funds and co-investment vehicles, including valuation adjustments, accounts payable, accounts receivable and all other journal entries
- Prepared all quarterly and annual financial statements, and related supporting schedules
- Tasked with documenting internal procedures and creating efficiencies within the operations group
- Working closely with the funds’ auditors and tax advisors
- Responding to auditors’ requests for information, transaction documentation, and supporting schedules
- Assisted in various management company functions such as payroll, accounting and expense reporting system evaluations and initiating/implementing new vendor relationships
- Recording all disbursements and receipts of cash, which includes generating and tracking capital calls, preparing wires and checks related to distributions, processing inflows/outflows related to new investments/exits and utilization of line of credit, and reconciling all cash accounts to bank statements monthly
- Actively participating and supporting the financial reporting process, which includes monthly and quarterly internal reporting, quarterly and annual SBA reporting, quarterly investor reporting including preparation of LP capital statements, and annual GAAP financial statement reporting
Supervisor, Private Equity Fund Accounting
Citco Fund Services
06.2012 - 11.2018
- Responsible for managing monthly/quarter end closings, daily/monthly reconciliations, and various operational related support functions for various clients and their fund structures
- Managed the delivery timeline for capital account statements, distribution notices, and financial statements for partners of multi-billion private equity funds
- Key resource for the implementation and management of Investran accounting system, including training various members of accounting team, management team, and clients on capabilities of the system
- Worked with various internal teams to automate the generation and dissemination of ILPA statements
- Calculated distribution payments, incentive fees, and management fees for investors
- Supervised SOC1 compliance to standards and implemented new departmental accounting procedures
- Provided guidance to team of six accountants on various client related activities and ad hoc requests
- Primary contact for internal financial reporting team and big four audit teams in preparing financial statements for clients
- Sourced and interviewed candidates to build private equity accounting team in the Malvern office
Assistant Controller
Spring Creek Investment Management
01.2012 - 06.2012
- Responsible for month end closings, approving/reviewing all cash transactions related to deals and day-to-day activity
- Tasked with various ad hoc operational and investment functions daily
- Timely payment of all taxes, payroll, current liabilities, and collection of receivables for the trusts and the management company
- Performed operational due diligence reporting on hedge funds, private equity and real estate deals
- Worked with counterparties in arranging set-up for various trading accounts for investment deals
Senior Associate, Investment Services Group
Morgan Stanley
05.2008 - 01.2012
- Provided accurate information and analytical data to portfolio managers real-time or otherwise, including but not limited to performance measurements, liability positions, cash forecasting, fluctuations in allocations and matters of compliance
- Responsible for all month end closing activities and related investor requests
- In control of all accounting related functions for domestic and overseas hedge funds holdings both liquid and illiquid investments, forward contracts, liabilities in multiple currencies and exchange traded securities
- Reconciled and approve independent third party provided monthly financial statements of Morgan Stanley products
Supervisor, Alternative Investments Accounting
SEI Investments Company
08.2005 - 05.2008
- Served as main operational contact to four clients with a total asset value of $2 billion, with a focus on reviewing, approving, and assisting with preparation of month-end net asset valuation
- Responsible for supervision of daily fund accounting, monthly valuation reporting, processing procedures and controls were completed accurately and timely
- Trained and supervised staff accountants on systems, procedures and job responsibilities
- Successfully implemented efficiency enhancing processes to intensive deadline driven environment
- Adhered to GAAP standards and departmental accounting procedures, while working within a ten-member team
- Promoted from Senior Analyst to Supervisor in July 2007
Education
MBA - Concentration: Strategic Leadership
University of Delaware
Newark, DE06-2027
Bachelor of Science - Finance
Drexel University
Philadelphia, PA06-2005
Skills
- Team management
- Operational efficiency
- Leadership skills
- Relationship management
- Negotiation skills
- Communication skills
- Problem solving
- Analytical thinking
- Project management
Timeline
Senior Controller, Private Equity Fund Accounting
Petra Funds Group
04.2024 - Current
Senior Vice President, Fund Fiduciary Services
Maples Group
07.2019 - 04.2024
Senior Private Equity Accountant
Argosy Capital
11.2018 - 07.2019
Supervisor, Private Equity Fund Accounting
Citco Fund Services
06.2012 - 11.2018
Assistant Controller
Spring Creek Investment Management
01.2012 - 06.2012
Senior Associate, Investment Services Group
Morgan Stanley
05.2008 - 01.2012
Supervisor, Alternative Investments Accounting
SEI Investments Company
08.2005 - 05.2008
MBA - Concentration: Strategic Leadership
University of Delaware
Bachelor of Science - Finance
Drexel University
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