Rashika E
Senior Fund Accountant
Bloomington,IL
Summary
An efficient and result oriented accounting professional with 9.5 years of experience in Fund Accounting majorly in Private Equity and Hedge fund accounting, would like to utilize knowledge in management, to build career and to grow with the company where mission and objectives blend with all personal career goals, stimulating mutual growth for both the company and me. Self-motivated individual with strong desire to succeed and meet goals
Overview
6
6
years of professional experience
5
5
years of post-secondary education
Work History
Senior Associate (Team Lead)
Morgan Stanley Fund Services
3 2020 - 2024.04
- Accounting for Hedge funds which involve reconciliation of trades (Cash balances, market value, dividends and net trade positions) on daily basis and sending daily exceptions to client
- Booking transfers, interest, commissions, dividends and all other transactions in accounting Systems
- Reviewing of client cash and positions on daily basis
- Calculating expense budget for monthly basis and booking expenses and income accruals
- Calculating Admin fee, Management fee and Incentive fee
- Calculating Net asset value of fund and Income distribution to offshore and onshore investors
- Ensuring NAV calculations are delivered with accuracy and within agreed timelines
- Processing investor specific income, expense, US withholding tax allocation to offshore funds and capital allocation income to all investors and reviewing investor statements.
- Approached each problem with fresh mind and analytical strategies to quickly resolve concerns.
- Trained and supported new team members, maintaining culture of collaboration.
- Defined work plans in alignment with stakeholder requirements.
- Prioritized tasks to meet tight deadlines, pitching in to assist others with project duties.
Senior Representative
Bank of NewYork Mellon
2014.05 - 2020.01
- Interacted with end client directly with minimal support from colleagues at onshore as well as offshore
- Started taking up more responsibility and ownership on funds and getting involved in training and reviewing funds
- Good interpersonal skills, committed, result oriented and zeal to learn new skills
- Working with Private Equity funds for end-to-end process
- Preparation of Bank Reconciliation Statements, Expenses Accruals and Management Fees as defined in Limited Partners Agreement
- Reconciling Cash Flows with Bank Statements, Custodian and Fund Administrators
- Setting up new Deal and Position for Investments and ensuring all underlying investments are setup correctly in accounting system
- Valuating all underlying investments based on monthly statements received from respective administrators
- Calculation of Capital Activities such as Partner level Capital Calls and Distributions as defined in LPA and making sure those are tracked and accounted in accounting system
- Reviewing Capital statements posted by underlying deals and preparing monthly portfolio and NAV packages
- Ensure that NAV is calculated for Fund is properly allocated to partners as per allocation rule defined in Partnership Agreement
- Calculating Carried interest by complying with waterfall allocation as defined in LPA
- Ensure sub-close of fund is properly done in case of new partner entering into agreement or when there is change in commitment amounts of existing partners
- Clear knowledge in working on NAV packages for standalone as well as Master-Feeder Funds also PE funds which has Bonds and Loans valuations in it.
- Resolved issues through careful research and follow-up with customers.
- Interacted with customers regularly to maintain and enhance relationships.
Education
MBA - Finance
St. Joseph’s College of Engineering
Chennai, India 2012.08 - 2014.05
Bachelor of Commerce - Accounting
PSG College of Arts And Science
Coimbatore, India 2009.07 - 2012.05
Skills
Operating system: Windows family
Office Suite: Microsoft Office
Software Packages: Tally, SPSS
Applications worked on: Investran, Total Return, Character, Geneva
Timeline
Senior Representative
Bank of NewYork Mellon
2014.05 - 2020.01
MBA - Finance
St. Joseph’s College of Engineering
2012.08 - 2014.05
Bachelor of Commerce - Accounting
PSG College of Arts And Science
2009.07 - 2012.05
Senior Associate (Team Lead)
Morgan Stanley Fund Services
3 2020 - 2024.04
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