Satish Sarkar

Senior U.S. Tax Professional with 11+ years of Big 4 public accounting experience specializing exclusively in Hedge Fund, Private Equity, and Fund-of-Fund taxation. Recognized for exceptional technical depth in fund-level and partner-level book-to-tax calculations, complex M-1 adjustments, carried interest waterfall calculations, GP/incentive reallocation, partner capital allocations, and outside tax basis maintenance.

Proven leader with a track record of managing teams, overseeing portfolios of 15+ fund clients, and partnering directly with onshore U.S. engagement leaders and fund clients. Brings 2.5 years of onshore experience at Deloitte Bermuda. IRS Enrolled Agent; CPA Candidate (FAR, REG & TCP cleared — Audit pending).

Seeking a Senior Manager opportunity to contribute deep technical expertise and leadership to a growing, entrepreneurial team.

Experienced Manager | Hedge Funds & Private Equity at KPMG Global Services (2024-01 – Present)

• Lead U.S. partnership tax compliance for a portfolio of Hedge Fund and Private Equity fund clients, managing all deliverables across Forms 1065, K-1, K-2, K-3, and related schedules from preparation through final review and sign-off.
• Perform and review fund-level and partner-level book-to-tax calculations, managing complex M-1 adjustments across a wide range of permanent and temporary differences including wash sales, constructive sales, straddles, Section 1256 contracts, short dividends, and QDI testing.
• Review carried interest waterfall calculations for PE funds and GP/incentive reallocation calculations for Hedge Funds; identify funds in carry and validate incentive reallocation computations against audited capital accounts.
• Maintain and review outside tax basis schedules at fund and partner level; validate K-1 allocations and special allocations for consistency with LPA governing documents.
• Partner with U.S.-based onshore engagement leaders and fund clients on complex technical tax issues, engagement planning, and delivery strategy; act as technical knowledge resource for the team.
• Lead process automation and workflow standardization initiatives; drive quality control improvements across the engagement team.
• Develop and mentor a team of senior associates and managers; conduct performance reviews, coaching, and technical training on complex fund tax and financial instrument issues.

Manager | Hedge Funds & Private Equity at EY GDS (2021-08 – 2023-12)

• Managed end-to-end U.S. partnership tax compliance for a portfolio of Hedge Fund and PE fund clients, supervising a team of seniors and associates across all phases of the annual return cycle.
• Reviewed fund-level book-to-tax workpapers, partner capital allocation schedules, carried interest waterfall mechanics, and GP reallocation calculations; validated all special allocations against LPA provisions.
• Assessed funds in carry and reviewed incentive allocation calculations; maintained partner-level outside tax basis schedules across multi-year fund cycles.
• Reviewed workpapers for short sales, constructive sales, wash sales, straddles, Section 1256 contracts, and QDI testing; resolved technical issues ahead of all filing deadlines.
• Collaborated with U.S.-based partners and onshore engagement leaders on high-level technical matters and client communications; reviewed federal and multi-state partnership returns.
• Mentored and developed manager and senior-level staff; conducted performance management and structured technical training programs.

Experienced Tax Senior | Hedge Funds & Private Equity at Deloitte (2019-01 – 2021-07)

• Prepared and reviewed complex U.S. Federal, State, and international partnership tax returns for Hedge Funds, PE funds, and Fund-of-Funds; worked onshore in Bermuda with direct daily engagement with fund CFOs, controllers, and legal counsel.
• Prepared fund-level book-to-tax workpapers including complex M-1 adjustments; maintained outside tax basis schedules at fund and partner level across multi-year investment cycles.
• Prepared and reviewed carried interest waterfall calculations for PE funds and GP/incentive reallocation calculations for Hedge Funds; identified funds in carry and computed all incentive reallocations.
• Read and interpreted limited partnership agreements and offering memoranda to establish tax allocation methodologies including waterfall, carried interest, clawback, and hurdle provisions.
• Performed PFIC analysis under excess distribution, QEF, and MTM regimes; prepared Form 8621 filings and tracked PFIC holding periods across multi-year fund investment cycles.
• Prepared Forms 5471 and 8865 for CFC and CFP structures; quantified income inclusions at fund and partner levels.
• Prepared tax workpapers for short sales, wash sales, constructive sales, straddles, and Section 1256 contracts; managed all client communications on open items ensuring timely, high-quality deliverables.

Tax Senior | Hedge Funds & Private Equity at EY GDS (2015-05 – 2018-12)

• Prepared U.S. Federal, State, and local partnership tax returns and fund-level book-to-tax workpapers for Private Equity and Hedge Fund clients; reconciled taxable income to audited fund financial statements.
• Prepared partner capital allocation schedules and outside tax basis calculations under senior review; developed working expertise in carried interest mechanics and special allocation provisions.
• Built foundational expertise in PFIC, CFC, and CFP reporting; prepared Forms 8621, 5471, and 8865 under senior review.
• Supervised 3–4 junior associates; reviewed workpapers and ensured quality and timeliness across multiple simultaneous client engagements.

PG Diploma in Public Accounting – Amity University (2021-12)

Bachelor of Commerce – Bangalore University (2014-05)