Mit Desai Email & Phone Number

Iselin, New Jersey, Us

New York, Ny, Us

New York, Ny, Us

• Oversaw reconciliation of daily and monthly NAVs provided by various funds’ administrators• Prepared packages of customized statements for investor capital accounts. Reviewed those prepared by others• Managed the calculation and preparation of daily, weekly and monthly net asset values, including management fee calculation, performance fee, cash flow projections, trade execution and settlement oversight• Assisted with preparation off yearend financial statements in accordance with US GAAP; primary liaison for funds’ internal and external auditors and tax professionals• Supported portfolio managers with development of specific management reports• Reviewed trade confirmations to confirm terms of agreement• Responsible for the reconciliation and settlement of the monthly resets for swap positions with multiple OTC swap counterparties, including the equity and financing legs• Managed trade executions and cash wires performed by the funds’ international custodians• Responsible for validation of collateral/ margin call for 9 funds with 12 counterparties• Assisted with three way cash and position reconciliation on daily basis and researched and resolved issues discovered in the portfolio position reconciliations and cash reconciliations• Investigated non-matched and failed trades (Futures, Equities and Swaps); implemented corrective action• Responsible for domestic and international equities settlement; maintained shadow book for an equity fundAccomplishments:• Successfully managed the conversion to a new financial accounting system (HS-PAD to Geneva Desktop). Accomplished on time without errors• Implemented a reconciliation process for cash management purposes with Prime Brokers and OTC swap counterparts. Result was ability to effectively manage margin calls• Established a SOX audit procedure necessary to support a new client. Received an unqualified audit opinion. Resulted in securing the client’s investment of $450M

Gb

• Conducted audit and provided related services to a variety of banking, capital market and hedge fund clients. (Cowen Group, Barclay’s Capital, StormHarbour Partners LP, New York Life Investment Management LLC.) • Planned for concurrent audits by understanding the market, identifying the clients' strategy and value creating activities, regulatory requirements, and risk assessment. Coordinated and reviewed fieldwork • Evaluated Company’s account policies & guidelines to ensure conformity with financial reporting standards (e.g., subject to GAAP and/or IFRS reporting standards) • Performed a preliminary & final analytical review for the balance sheet, P&L, and cash flow • Facilitated daily communications of open issues between the audit team and the client, as well as, weekly status updates involving management, fund accounting, custody and financial reporting • Advised on drafting financial statements and offered guidance on required financial statement disclosures • Completed all aspects of a complete audit, including: testing for numerous financial accounts; test of controls; evaluation, validation and documentation of accounting systems; drafted the analytical review for financials audited; advised management of issues before issuance of opinion on any financials. • Managed the audit team to ensure that the audit goals are achieved, client relations maintained, budgets established, and adherence to standard work flow for audit quality maintenance • Coached and provided support to new associates and interns Accomplishments: • Conducted an analysis of a portfolio of mortgage foreclosures (Fortune 50 Company). Prepared an opinion for the courts• Assisted with on-campus recruiting and presentations at Rutgers University and the Rutgers Business School

New York, New York, Us

• Prepared and analyzed portfolio position reconciliations to ensure holdings can be reconciled to the prime broker, client, custodian, and/or counterparties • Researched and resolved issues discovered in the portfolio and cash reconciliations• Worked closely with management to identify and implement efficiencies in the process• Managed an offshore team & provided support with the daily and monthly procedures• Provided supporting documentation for annual and interim audit requests• Prepared monthly NAVs for a multi-billion dollar hedge fund, comprised of Futures, Long/Short equities, Options, Fixed Income securities and Bank debt instruments.

Newark, New Jersey, Us

Chicago, Illinois, Us

• Review and analyze financial statements and key ratios for franchisees as of part of their business review• Responsible for Actual vs. Projection analysis for new and rebuilt stores• Analyze excess property accounts receivables, reserves, and impairment• Prepare financial reports utilized by leadership team• Review balance sheet flux reports for SOX sign-offs• Actively participate in regional leadership and staff meetings

New York, Us

• Work directly with Treasury Department Manager and assist in maintaining daily cash management procedures• Responsible for maintaining buyback program needs of nationwide Barnes & Noble College Bookstores• Assist with analyzing Treasury Department’s weekly cash flow forecasting and costs savings procedures• Responsible for weekly obligations with forecasting, cash management, and assisting store managers with buyback needs in a timely and courteous manner