Kirpal K. Rai
Orangeburg
Summary
Fund Controller with extensive experience in fund accounting and compliance at CRE Venture Capital. Demonstrated success in managing vendor relationships and leading year-end audits. Expertise in Excel and investor relations, ensuring timely reporting and effective cash management to enhance fund performance.
Overview
17
17
years of professional experience
1
1
Certificate
Work History
Fund Controller
CRE Venture Capital
07.2023 - Current
- Company Overview: SEC Registered Advisor
- Fund Reporting- Oversee the fund accounting reporting by the Fund administrator and review and approve the in-house funds and SPV reporting.
- Vendor Management- Manage the vendor relationship and daily activities, such as overseeing fund administration, compliance vendors, internal reporting tool software, etc.
- Investor relationship- Handle inquiries related to investor relationships, including financial statements, investor statements, metrics, and onboarding processes.
- Compliance – Manage the YE compliance, such as ADV and PF filing. Also manage the KYC checks, Form D, and Blue-Sky filing. Oversee bank relations by opening and closing bank accounts and providing necessary KYC support.
- Audit and Tax Reporting- Lead the year-end audit and tax reporting. Collaborated with the audit and tax team to ensure timely YE reporting deliverables.
- Treasury management- Manage treasury functions by overseeing cash and creating a forecasted budget to meet current and future cash needs.
- Fundraising- Support the fund manager by providing the support metrics such as IRR, MOIC, TVPI, RVPI, and DPI.
- SEC Registered Advisor
Fund Controller Manager
Carta
03.2022 - 07.2023
- Managed 10 clients, 40+ funds, and 60+SPV & FA relationships and answered any questions regarding the process.
- Interpret the LPA language regarding waterfall, management fee, investment period, capital call, distribution, etc.
- Review and oversee the Waterfall model and performance fee reporting.
- Review and submit the year-end 1099 reporting and work with the tax team to ensure completeness of the K-1 and 1042 reporting.
- Works with the onboarding team to onboard the new investors and ensure the information is accurate before being sent for client review.
- Work with clients on cash management and ensure that entities have sufficient cash to cover expenses, management fees, or ad hoc payments.
- Familiar with CIMA Cayman entity reporting.
- Manage the interim and year-end audit process.
- Booked and reviewed the monthly, quarterly, and annual interest income calculation and managed the line of credit payment schedule.
- Review the fund allocations for side pockets and shared investment allocations by LPS.
- Manage the team deliverables between five direct reports.
Associate Director
Gen II
05.2021 - 03.2022
- Managed operations and accounting for existing funds.
- Familiar with LPA and other governing documents.
- Prepared & reviewed the quarterly fund financial statements and capital account statements.
- Prepared and reviewed the distribution and cap call work papers and notices and tracked all the payable and receivable accounts by investors and funds.
- Familiarity with feeder funds and offshore fund structure.
- Familiar with foreign currency funds and managing financial and PCAP.
- Familiarity with line of credit borrowing and payment schedules.
- Prepared and reviewed the carry calculation, waterfall, and IRRs for financials and distributions.
- Prepared and reviewed the daily stock sale reconciliations and the dues from the broker account.
- Reviewed the underlying manager's financial statements and capital account statements.
- Reviewed the underlying manager distribution notice and cap call notice.
- Worked with external auditors for year-end audits and ad hoc audit requests.
- Managed the direct reports of two fund accountants and reviewed and approved their day-to-day tasks.
Accountant
Global Jet Capital
07.2018 - 05.2021
Associate Accountant
PepsiCo
11.2014 - 07.2018
Quality Control Tec
Nice Pak Products INC
01.2008 - 01.2014
- Company Overview: (Orangeburg, NY)
- (Orangeburg, NY)
Education
Certified Public Accountant License -
06.2027
Bachelor of Science - Accounting
Dominican College
Orangeburg, NY01.2015
Guru Nanak Dev University
India01.2006
Accounting class credit for CPA license
New Paltz University
Computer science Course (VBA, Excel Formula, C++, HTML, MS Office)
IndiaSkills
- Excel (Macro’s& VBA)
- SAP
- Qlik
- Investment café
- Investran
- Arkes
- SmartView
- Slack
- Carta G
- Anduin
- 365 Dynamics
- Intacct
- Sales Force
- Billcom
- QuickBooks
Certification
Certified Public Accountant License, 55891, Active, 06/30/27
Timeline
Fund Controller
CRE Venture Capital
07.2023 - Current
Fund Controller Manager
Carta
03.2022 - 07.2023
Associate Director
Gen II
05.2021 - 03.2022
Accountant
Global Jet Capital
07.2018 - 05.2021
Associate Accountant
PepsiCo
11.2014 - 07.2018
Quality Control Tec
Nice Pak Products INC
01.2008 - 01.2014
Certified Public Accountant License -
Bachelor of Science - Accounting
Dominican College
Guru Nanak Dev University
Accounting class credit for CPA license
New Paltz University
Computer science Course (VBA, Excel Formula, C++, HTML, MS Office)
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