1. Kunal Shah
Mobile: 9322206304
E-mail: kunal2804@gmail.com / kunal_shah_2000@yahoo.com
Overall Summary
CWA presently performing a role of Assistant Manager with 10 years of experience in the Fund
Accounting, Cash, Position & MV Reconciliations, Investor Allocation, High Water Mark (HWM)
Reset Review, Series Rollup/Equalization Review, PPM/ OM Review, Financial Statement
Preparation, Shadow Accounting, UAT Testing, People Management in Hedge Fund Industry.
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ACADEMIC BACKGROUND
Cost Accountant Dec 2009
Institute of Cost Accountants of India
Bachelors of Commerce April 2002
Mithibai College, Mumbai University
I.T. Literacy: MS-Office, SQL Server, Advent Partner, Advent Geneva, M Fund
PROFESSIONAL EXPERIENCE
Current Assignment
Viteos Capital Market Services Ltd, Mumbai
Assistant Manager, Fund Accounting (Cayman Island) February 2013 – till date
Viteos provides Fund Administration, Middle and Back office services and Investor Service to the Hedge
Funds industry. Viteos also enjoys leadership in Shadow Fund Accounting.
Type of clients: Working for different set of clients like Hedge Fund Offshore (series as well as
Equalization), Hedge Fund Domestic (LP) (LLC), Family Office, Private Equity Firm, Mutual Fund,
Master Feeder and Side by Side Funds.
Job Profile:
• Manage 4 people team responsible for providing shadow accounting and Fund administration
services to different funds.
• Proactive Planning, establish priorities, allocating the resources and forecast future
requirements with consistent business goals; organize and follow through to achieve the goals
• Conduct training of new hires with regard to the process & products.
• Work allocation to Juniors and ensure the timely and accurate release of daily, weekly &
monthly NAV, Investor Allocation, Investor Statements and Customized reports
• Corporate Actions on Portfolio Securities like Dividend, Spin-off, Stock split etc
• Responsible for managing all daily reconciliation activities related to trade, Cash, Positions,
Accruals and other expenses.
• P&L analysis to ensure investments are priced correctly and investigate on huge PNL swings.
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2. • Review of Month End NAV Calculation, including Management Fee &
Incentive/Performance Fee
• Review of Month End Fund NAV reconciliation between Viteos and other administrator
• Preparing Investor level NAV reconciliation between fund and other administrator
• Resolved queries raise by Client, Counter Parties, Auditors on timely manner.
• Preparing Economic Allocations across all investors and distributing the PNL.
• Review of Investor Statements
• Reviewing, Preparing Standard Operating Procedure for all new activities.
• Experience in generation financial accounting reports, handling audit, preparation of financial
statement as per US GAAP, Preparation of FAR
• Co-ordinate with IT Team to prepare customized report as requested by client
• Test the various reports using the UAT Testing environment
• Review of High Water Mark (Benchmark) reset at the end of Crystallization period (Year-
end) And Series Rollup
Escalate the issue to Management in timely manner with proper documentation.
Recognitions:
• Received One of the Best New Comer Award within 6 months from date of joining.
Employer : Globeop Financial Services (India) Private Limited Sept 2006 to Jan 2013
Associate Manager
Globeop Financial Services is a Leading independent Financial technology specialist, provides automated
– integrated Middle and Back office and Fund Administration services to the Hedge Funds, having 200+
clients with 1200+ funds and $221 billion AUA
Type of client : Experienced to work with different clients like Limited Partnership, Limited Libility
Company, Offshore Fund, Mutual Fund, Fund with Series Accounting, Fund with Equalization
Accounting,
Job Profile
Responsible for Fund Accounting / NAV calculations & Share Registry
• People Management
• Assists Manager in staff and workflow planning to ensure proper coverage of daily work within a
specified team –ensure that all daily work is performed within policy and procedural guidelines.
• Reviewing Month End NAV Calculation as well as Investor Allocation
• Review of different type of Management Fee & Performance Fee calculation
• Monitoring MIS for Trade, Position and Cash Reconciliations
• The Accounting Impacts are verified, Various Corporate actions are verified and accounting
entries are checked in order to ensure that the NAV is correctly calculated.
• Resolving Client queries effectively and timely manner
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3. • Controlling of Daily production of P&L for client following Globeop procedures and focusing on
price variance.
• Processing monthly Capital movements – Subscription, Redemption, Transfer, Switch
• Review of High Water Mark (HWM) reset for all types of funds (Equalization, LP, Series)
• Series Roll up
• Set up a new Fund in Globeop’s Share Registry effectively to generate Profit & Loss allocation as
well as investor statements from Share Registry.
• Conversion of funds from other administrator to Globeop Platform
• Take training program to enhance knowledge of team on product, process & system.
• Monitoring distribution of Contract notes / Statements / News Letter / Tax Form / ISE
Repot / BMA Report
• Testing functionality of New System & reporting of system bugs to FA Director & IT
Development Director
• Played key role in Advent Partner project
• Working on UAT environment to test various scenario for current trouble shooting and for new
request from client
• Preparing the Business Score cards for the team and sharing the same with the top management on
monthly basis.
• Preparing various MIS reports for Management
• Preparing the Issue Log and sharing with the reporting management
Additional Functions:
• Migration of funds to India office from London office.
• Liaising with Fund’s statutory Auditor.
• Streamlining existing processes and devising better ways of doing things through
automation etc.
• Reconciling share registry data against other application towards setup of Capital Activity
Index & Future Redemption Index
Vertical Growth and other Recognitions:
• Joined Globeop as a Team Member in Sept 2006
• Received Hats Off Award in May 2009 for Advent Partner project
• Promoted as Associate Manager from Jan 2012
Employer : Sudit K. Parekh & Co., Chartered Accountants (2003-2006)
Designation : Audit Assistant
Client for which service rendered:
SBI MUTUAL FUND - NAV Audit
• Checking correctness of NAV calculations
• Review of end of day price for Equity, Debt, Future & Option
• Review of Interest accrual for debt and other money market instruments
• Review accounting impact of various corporate actions
• Review correctness of estimated expense booked based on slab rate
• Analyzing Day book from accounting point of view as well as from SEBI point of view
• Audit of Risk and Compliance
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4. Andhra BANK & CORPORATION BANK - Concurrent Audit – Treasury Branch
VENKYS INDIA LTD. (VIL) - Statutory Audit - Analysis of Income & Expenditure on the Basis of
Quantitative Details
IBP LTD. - Internal Audit
NIRVANA FASHIONS CLOTHING – Accounting, MIS Reports & projected Profit & Loss account
for Bank L/C.
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