Sarnu Srinivas

Experience within Banking & Financial Services, Taxation and Auditing, primarily within Private Equity Fund Accounting Strong knowledge of end-to-end Private Equity Fund of Funds, Direct Funds and General Partner funds Accounting.

Experience in managing and coordinating with multiple cross cultural and cross-country teams. Strong knowledge of end-to-end private equity products: Funds, Legal Entities, Deals, positions and Vehicles.

Fund Controller at SK Capital Partners (2022-08 – Present)

• Responsible for overseeing accounting and reporting operations for the main funds and General Partner funds ($10 billion AUM, 22 General Partner funds, two main funds, and multiple co-investment vehicles) while managing three internal accounting professionals and two external fund administrators.
• Lead the administration of employee carried interest and performance fee plans across multiple funds, including award documentation, grants, vesting schedules, allocations, forfeitures, leaver/joiner adjustments, and employee loan programs in collaboration with the HR and Legal teams.
• Manage carried interest allocation schedules across multiple funds, ensuring accurate allocation of carry interests in accordance with fund agreements and employee award terms.
• Oversee quarterly and annual financial reporting, including income statements, balance sheets, partners’ capital, fund reconciliations, firm capital reconciliations, deal level P&L analysis, and the review of adjusting entries.
• Manage fund capital activities, including unfunded commitment monitoring, investment commitment reviews, capital call approvals, distribution analyses, and investor notices based on proceeds received from underlying funds.
• Coordinate with deal teams on investment fund flows, portfolio company management incentive units, capitalization tables, and portfolio company performance tracking, including inputs supporting fair market value estimates.
• Manage relationships with external auditors, valuation specialists, fund administrators, and credit facility lenders, while overseeing the quality of work performed by offshore accounting teams and providing timely feedback.
• Partner with Investor Relations, Treasury, Client Services, and Legal teams on investor communications, marketing materials, SEC regulatory filings (Form ADV and Form PF), CIMA reporting, and monthly and quarterly reporting requirements.

Vice President Illiquid Fund Services at CREDIT SUISSE USA Inc. (2017-03 – 2022-07)

• Responsible for maintaining accounting ledgers for private equity fund of funds
• Manage funds’ audit and tax compliance processes
• Review individual partner capital statements (NAV) on quarterly basis for PE funds
• Monitor client unfunded commitments and Investment Unfunded Commitment review and approve capital calls
• Review distribution analysis and notices to investors based on proceeds received from the underlying funds
• Interact with other teams, including treasury, investor relations and client services
• Monthly and quarterly reporting’s for regulators, firm and other investors
• Responsible for few Carry funds within Illiquid Fund Services of the Asset Management Division
• Review the drawdown and distribution schedules for various Carry funds.
• Review waterfall schedules received from underlying fund and independently calculate Carried Interest for the GP using waterfall provisions of the fund LPA.
• Review Semiannual reports and Interest payments on Claw-back Notes based on agreed upon LIBOR rates for applicable Carry Plans
• Review quarterly Income Statements, Balance Sheets, Partner's Capital and quarterly reconciliation to financial statements provided by the underlying funds for each of the Carry Plan
• Review annual firm Capital reconciliation, including detailed analysis of P&L by deal, contributions, distributions and timing variances and Instruct firm reporting team to book adjusting entries if required
• Monitoring the quality of work completed by offshore team and provide them the timely feedback.

Service Delivery Manager at Cognizant Technology Solutions (2009-02 – 2017-03)

• Reconciliations - Daily Cash, Biweekly, Contributions, Distributions, Capital Balances & Leverage balances
• Monthly and quarterly reporting’s for regulators, firm and other investors
• Established Standard Operating Procedures for P&L Booking, FRL Capture and other Investment Accounting and Reporting processes
• Managed a team of four Mangers in onsite and 37 associates in off-shore which includes One Manger and Two Senior Associates in on-site and Three Senior Associates in Off-shore
• Managed the day-to-day activities of the Cognizant employees associated with the project to ensure adherence to deliverable SLA’s
• Involved in hiring, team appraisals, managing performances and disciplining staff
• Acted as a single point of contact between Cognizant Offshore team and the client and was responsible for issue resolutions, estimations, managing escalations and all new resource requests.
• Worked closely with Accounting and IT teams to understand and get the new developments or to enhance the existing database / applications / reports

Team Leader at KPMG (FKA “Outsource Partners International, Inc.) (2006-02 – 2009-02)

• Preparation and review of US federal, state and international Tax Returns for Corporate, Partnerships and Individuals.
• Coordinating and scheduling the projects to the team members
• Review the Tax returns for Quality before final delivery to KPMG-US.
• Coordinating US Counterpart about the workflow and its quality.
• Involved in new hires trainings and helped them in tax return preparations
• Verification of financial statements prepared as per US GAAP.
• Preparation of depreciation schedule as per US GAAP.
• Passing re-class Entries and M-1 Adjustments
• Making presentations, attending weekly conference calls. Scheduling etc.

Tax Analyst at Deloitte (2005-01 – 2006-02)

• Preparation and review of US federal, state and international Tax Returns for Corporate, Partnerships and Individuals.
• Coordinating and scheduling the projects to the team members
• Review the Tax returns for Quality before final delivery to clients.
• Coordinating US Counterpart about the workflow and its quality.

Chartered Accountant (CA) – The Institute of Chartered Accountants of India, India

Bachelor of Commerce – Nagarjuna University, India