Rinesh Mudun
Luxembourg
Summary
Dynamic AVP/Manager with over 10 years (6 year plus in Luxembourg GAAP) of comprehensive experience in Private Equity Funds, Debt Funds, Real Estate, and Investment Holding Companies (SPV). Holds an MSc in Finance & Investment and a BSc in Banking & Finance, with ongoing professional development through ACCA. Expertise includes Fund Management, SPV operations, Consolidation, Taxation, Investor Relations, Corporate Governance, and Corporate Finance. Proficient in Business and Financial Analysis with strong command of Lux and US GAAP Accounting standards.
Overview
11
11
years of professional experience
1
1
Certification
Work History
AVP PRIVATE EQUITY FUND ACCOUNTING (OVERSIGHT)
THE CITCO GROUP LIMITED LUXEMBOURG
04.2023 - Current
- Lead a 10-person accounting team for a portfolio of +EUR 6.5 billion
- Manage and monitor client deliverables (SLAs) and KPI
- Review client Limited Partnership Agreements (LPAs), PPMs, and other materials and ensure service levels are in line with such legal documents
- Work with onboarding solutions teams to implement new fund structures
- Review intercompany/external loan and computing interest and prepare compliance certificate
- Manage and review the monthly/quarterly reporting pack preparation
- Manage the client capital activity processing (calls/distributions/transfers) and reporting
- Review/prepare management fee & waterfall/carry calculations
- Prepare consolidated financial statements for complicated PE structures and liaise with auditors
- Assistance to Tax Advisors for tax reporting purposes
- Mentoring and training of staffs
- Team goal setting and performance reviews
- Communicate regularly with client/investors and help maintain great client relationships
SENIOR FUND OVERSIGHT
APEX GROUP LTD (LUXEMBOURG BRANCH)
07.2021 - 03.2023
- Lead a team of 3 for a portfolio of EUR 700 million
- Review/oversight of accounting of tier 1 AIF based in Lux GAAP
- Preparation and review of NAV for Private Equity funds, Fund of Funds, Debt Funds, infrastructure Funds and SPVs
- Review and preparing Financial Statements, consolidated Financial Statements and Capital account
- Prepare/review performance fees/carried interest and equalization
- Support audit of the funds
- Manage and monitor client deliverables with my team and client
- Monitor Key Performance Indicators (KPI)
- Successfully recovered 1M+ ageing debtors and manage debtors ageing analysis
- Preparation and filling of tax d'abonnement
- Prepare/review payment instructions along with cashflow management of Funds
- Setup payment process and checklist
- Worked as a consultant from Jul 2021 till 14 Apr 2022 and permanent employee from 15 Apr 2022 till 31 Mar 2023
FUND AND CORPORATE ACCOUNTANT - PRIVATE EQUITY
THE CITCO GROUP LIMITED MAURITIUS
12.2018 - 06.2021
- Successfully manage private equity fund and SPV of +$800million (Private Equity & Debt)
- Preparation and review of monthly and quarterly NAV, Financial Statement and Consolidated Financial Statements of Funds
- Preparation Investor/Capital statement of +100 Investors
- Monitor activity in fund, covering corporate actions, income and expenses, capital transfer, waterfalls, equalisation, management fees and performance fees
- Preparation of minutes and attending board meetings
- Manage Fund audit and reply to auditor queries.
- Maintaining client relationship by responding professionally to all mails and calls on a timely basis
- Act as a liaison with various internal/external parties i.e auditor, legal counsel
FUND AND CORPORATE ACCOUNTANT - PRIVATE EQUITY
APEX GROUP LTD (FORMERLY SANNE)
07.2018 - 12.2018
- Convene and attend board meeting and prepare minutes
- Maintain bank account: bank account opening, initiate transfers and liaise with banks
- Preparation of Management Account, Fund accounting, consolidated financial statement and Audit
- Preparation of Tax filing: VAT, TDS, PAYE, ROC, Corporate Income Tax
- Liaise with auditor and relevant authorities: FSC, ROC, MRA and NPF
- Effect Customer Due Diligence (CDD) as per AML Code
- Maintain Client relationship by responding professionally to all emails on a timely basis
- Act as a liaison with various internal/external parties
SENIOR FINANCE OFFICER
HUAWEI TECHNOLOGIES MAURITIUS (OFFSHORE INVESTMENT HOLDING COMPANIES)
08.2014 - 07.2018
- Preparation of Financial statement under IFRS and GAAP
- Prepare tax returns: VAT, WHT, Corporate Income Tax
- Support Audit (GL, payable, receivables, Treasury and inter-company)
- Reconciliation and Analysis of Financial Statement
- Internal control check / compliance
- Financial Statement closing owner and Payroll Owner of African Region
- Cash flow management
Education
Bachelor of Science - Banking And Finance
University of Mauritius
Master of Science - Finance And Investment
Open University of Mauritius
High School Diploma -
University of Cambridge
Skills
- Team leadership
- Analytical problem-solving
- Effective time management
- Clear interpersonal communication
- Cross-functional teamwork
- Goal-oriented and self-directed
- Investran
- Efront
- Exact
- Bob50
- Viewpoint
- ERP
- MS word, PowerPoint and Excel
Accomplishments
- Manage a team of 10 people for a portfolio of EUR 6.5 billion +
- Onboarding/setup a Fund of EUR 4 billion
- Provide training to Luxembourg and Oversea office
- With technology team helped to automate and optimize processes like: Payment, internal control (checklist and guides), client reporting, Management fee, waterfall, NAV and capital events
Certification
1. Association of Chartered Certified Accountants (ongoing Level 2)
2. CLT International - Business University of Manchester
Advance Certificate in Fund Administration
Languages
English
Native or Bilingual
French
Native or Bilingual
Timeline
AVP PRIVATE EQUITY FUND ACCOUNTING (OVERSIGHT)
THE CITCO GROUP LIMITED LUXEMBOURG
04.2023 - Current
SENIOR FUND OVERSIGHT
APEX GROUP LTD (LUXEMBOURG BRANCH)
07.2021 - 03.2023
FUND AND CORPORATE ACCOUNTANT - PRIVATE EQUITY
THE CITCO GROUP LIMITED MAURITIUS
12.2018 - 06.2021
FUND AND CORPORATE ACCOUNTANT - PRIVATE EQUITY
APEX GROUP LTD (FORMERLY SANNE)
07.2018 - 12.2018
SENIOR FINANCE OFFICER
HUAWEI TECHNOLOGIES MAURITIUS (OFFSHORE INVESTMENT HOLDING COMPANIES)
08.2014 - 07.2018
Bachelor of Science - Banking And Finance
University of Mauritius
Master of Science - Finance And Investment
Open University of Mauritius
High School Diploma -
University of Cambridge
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