Karthik V

Experience

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  KPMG Global Services (KGS)

  Sept 2019 - Jan 2021

  Audit Associate

  As an integral part of the US Engagement teams within the Statutory Audit practice in the Dallas region, I focused my efforts on Asset Management. My role primarily revolved around working with core investment work papers, specifically in Hedge funds and Private equity.In my capacity as an Audit Associate, my responsibilities encompassed a range of key areas:- Thoroughly conducting audits of financial statements for significant Hedge funds, Private equity, and Fund of Funds clients. This involved executing substantive audit procedures in line with the requirements of US-based investment management entities.- Showcasing in-depth understanding of intricate private equity and hedge fund structures, encompassing designs, hierarchies, and the role of distinct entities within these fund structures.- Commanding a clear comprehension of investor classes, GP class, carry class, and affiliated/non- affiliated classes within the investment landscape.- Playing an instrumental role in the quarterly and annual preparation of Purchase/Sales testwork, TB and FS tie-outs, Financial Highlights (FiHi), Investment cost rollforward, Investor Onboarding summary, and Capital activity testwork.- Proficiently computing and evaluating the IRR (Internal Rate of Return) and NAV (Net Asset Value) of funds, pivotal for gauging fund performance.- Calculating management fees, preferred returns, and carried interest adhering to the stipulated distribution waterfall model.- Undertaking comprehensive financial audits to verify the adherence of financial statements to established standards such as US GAAP, US GAAS, and PCAOB guidelines.- Rigorously assessing the accuracy and precision of financial statements presented by clients, ensuring a high degree of quality control.- Actively supporting the team in cultivating and nurturing relationships with valued business clients. Show less

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  JPMorgan Chase & Co.

  May 2021 - Mar 2023

  Product Analyst Team Lead

  Extensively experienced in fund accounting, specializing in a diverse range of financial products, including bank loans, swaps, equity shares, limited partnerships (LPs), and various other investment instruments. Proven expertise in managing complex accounting tasks related to these products, ensuring accurate valuation, reconciliation, and compliance with accounting standards and regulatory requirements.- Performed daily NAV calculations, ensuring accuracy and completeness of financial data for multiple investment funds.- Conducted trade settlements and verified investment transactions, collaborating closely with portfolio managers and brokers.- Prepared detailed financial statements and investor reports, providing valuable insights into fund performance.- Led cash and position reconciliations, identifying discrepancies and resolving issues promptly to maintain accurate accounting records.- Assisted in the coordination of annual audits, providing necessary documentation and supporting audit inquiries.- Contributed to the development and implementation of process improvements, enhancing operational efficiency and reducing errors. Show less