Mohamed Ershad Bukhory
Pamplemousses
Summary
Senior Fund Accountant with over 3 years of experience in fund accounting and financial reporting across hedge funds, private equity, and mutual funds. Expertise in managing fund operations, reconciling investment portfolios, and ensuring compliance with IFRS and US GAAP. Demonstrated leadership in streamlining workflows and collaborating with auditors and investment managers. Recognized for delivering accurate financial reporting in fast-paced environments.
Overview
10
10
years of professional experience
1
1
Certification
Work History
Senior Fund Administrator
Intercontinental Trust Ltd
12.2024 - Current
- Provided expert guidance to junior staff members, fostering their professional growth and enhancing team performance.
- Managed a portfolio of 10 clients, handled client requests, and prepared 5 bank transfers on peak days.
- Attend to 10 client requests per day and resolve all with a professional attitude.
- Compute periodic Net Asset Values (NAV) for Closed-Ended Funds.
- Prepare capital calls, distributions, redemptions, equalization workings.
- Prepare Waterfall calculations and Carried interest.
- Prepare investor reporting on periodic basis and respond to ad hoc client and investor queries.
- Provide annual and periodic bookkeeping and full financial statements for SPV clients and funds according to local GAAP and IFRS.
- Liaise directly with auditors and internal or external clients as and when required to ensure quality service and resolve accounting queries.
- Prepare and send investor reports as per the distribution list.
- Assisted in the successful launch of new funds by coordinating all necessary tasks, including legal documentation, marketing materials, and operational setup.
- Optimized fund operations by developing policies, procedures, and controls that ensured compliance with regulatory requirements.
- Improved investor relations by creating transparent communication channels that facilitated timely responses to inquiries or concerns.
- Implemented robust reporting systems that provided timely, accurate data for informed decision-making by senior management.
- Managed a diverse portfolio of investments, ensuring optimal risk management and asset allocation.
- Maintained an up-to-date understanding of industry trends through ongoing education and participation in relevant conferences or networking events.
- Coordinated with external auditors to facilitate annual reviews, ensuring compliance with industry standards and best practices.
- Cultivated strong relationships with clients, delivering exceptional service and maintaining high levels of satisfaction and retention.
- Oversaw the preparation of periodic reports for investors, highlighting key accomplishments and providing updates on fund activities.
- Performed daily accounting of assigned funds and performed fund analysis for critical decision-making purposes.
- Liaised with tax auditors and preparers to communicate fund details.
- Tracked funds, prepared deposits and reconciled accounts.
- Provided journal entries and performed accounting on accrual basis.
- Prepared working papers, reports and supporting documentation for audit findings.
Fund Accountant
Apex Group Services Ltd
06.2024 - 12.2024
- Enhanced financial reporting accuracy by diligently reconciling fund transactions and positions.
- Works under pressure with a port folio of clients and make 5 call backs to be able to process payments.
- Finalise 3 Pre & post valuation NAVs to be sent for manger review with minimal comments per day.
- Optimized work processes through collaboration with team members and cross-functional departments.
- Collaborated effectively with auditors to ensure an efficient annual audit process, promptly addressing inquiries and providing necessary documentation.
- Performed daily accounting of assigned funds and performed fund analysis for critical decision-making purposes.
- Maintained accurate transaction processing record.
- Reconciled daily trading transactions to ascertain necessary month-end adjustment measures.
- Calculated funds' net asset value.
- Tracked funds, prepared deposits and reconciled accounts.
- Provided journal entries and performed accounting on accrual basis.
Accountant
Ocorian Corporate Services (Mauritius) Limited
12.2020 - 06.2024
- Prepare financial statements in accordance with IFRS (Investment Holding companies, CIS Manager, Protected cell companies).
- Prepare Consolidated Financial Statements in accordance with IFRS.
- Prepare supporting working schedule on excel and prepare accounts on NavOne.
- Formulated a capital statement so that while the NAVs are ready, the investor's reports are being populated automatically.
- Use specific software like Habari, I manage to prepare accounts.
- Liaise with auditors (small & Big 4) to facilitate the smooth running of audit and meet strict deadlines as and when required.
- Attends ad hoc works like TDS preparation, APS preparation and VAT preparation.
- Prepare Tax Computations & return as per Mauritian Tax Laws & have a good understanding of Partial Exemption.
- Provide accounting service to clients in various jurisdictions within the Ocorian Group.
- Comply with all information security policies, procedures and guidelines in place at Ocorian to ensure information security.
- Liaise with client to discuss impairment and to advise client regarding the impact of ECL and liaise with Capital market teams to prepare reports on same.
- Guide new joiners about the Company Methodology and assist them on their day to day work.
- Update accounts of GBCs , authorize companies.
- Investigate and resolve discrepancies in monthly bank accounts.
- Prepare and submit ESSNAC surveys , IMF surveys and CPDIS surveys
Semi Senior Auditor
Moollan & Moollan Ltd
01.2020 - 12.2020
- Prepared working papers, reports and supporting documentation for audit findings
- Performed strategic planning, execution and finalization of audits
- Completed audit papers by thoroughly documenting audit tests and findings
- Developed auditing program to address risks and evaluate regulatory requirements
- Developed and enforced audit policies and administrative and technical functions
- Analyzed accounting systems for efficiency and effectiveness
- Identified audit risks, prepared budgets and coordinated with management and audit team in preparing related reports
- Developed and implemented corrective actions to bring business areas in line with standards addressed through management letters
- Established internal control systems by updating audit programs
- Gathered and analyzed financial data to determine improvement efforts
- Analyzed accounting systems for efficiency and effectiveness
- Completed audit papers by thoroughly documenting audit tests and findings
- Identified audit risks, prepared budgets and coordinated with management and audit team in preparing related reports
Semi Senior Auditor
SRA Partners
07.2019 - 12.2019
- Prepare, plan and execute audit as per International Standard of Auditing (ISA)
- Deal with clients and follow up on outstanding issues
- Attends conference calls as and when needed to discuss important issues with clients
- Review the work of juniors and manage their portfolios on a weekly basis
- Review financial statements and provide corrections as per IFRS
- Work in accordance with audit timetables
- Application of IFRS 9 & IFRS 15 in the financial statements and updated accounting policies
- Review of consolidated workings
- Communicate with external auditors during Group Audit
Semi senior Accountant and Auditor
Accounting & Consulting Group Ltd
10.2017 - 04.2019
- Use of accounting software to make data entry for various types of clients in different sectors
- Prepare and file Monthly, Quarterly VAT returns & TDS returns
- Prepare and file Tax returns for Individuals and corporate
- Attends MRA queries as and when needed for clients
- Prepare monthly Bank reconciliations for clients
- Prepare Financial Statements in accordance with IFRS & perform statutory audits of various types of clients like; insurance broker, BPO, Software developer, Advisory providers, and Imports& Exports businesses
- Liaise with auditors and answer audit queries during audit process
- Build strong working relationships with clients
- Identify and communicate engagement issues as well as engagement progress in a timely and organized manner
- Assist in the preparation of Consolidated Financial Statements in accordance with IFRS
- Work as an effective team member to complete project components and assigned tasks, including completing segments of audits, compilations and reviews
- Assist the preparation of footnote disclosures and management letter comments
- Assist with engagement administration including audit programs, budgets and engagement letters
- Assist in carrying out quality audit and other assurance services to clients in a specific industry sector
- Identify and communicate accounting and auditing matters to managers and partners
- Interact with clients to help ensure that the information flow from the client to the audit team is efficient
- Examine financial records to ensure compliance with internal controls and procedures in accounting
- Monitor financial activities of clients with emphasize on ratios and margins
Junior Auditor
Morison Mauritius
07.2015 - 09.2017
- Use of audit working papers software package (Case ware) to input data from trial balance and prepare reports
- Examine financial records to ensure compliance with internal controls and procedures in accounting
- Review, examine and assessment of accounting systems, internal controls and financial transactions
- Review back up documents to ensure signature approvals are in place for invoices and payments
- Ensure controls are adequate to protect against fraud
- Review management of a client’s funds to ensure controls and procedures are effective
- Identify ways in which a client internal control can be enhanced, processes streamlined or offer steps a client can take to avoid or prevent fraud
- Review internal controls conduct audit tests and prepare financial statements using IFRS
- Perform audit in accordance with relevant ISAs
- Follow up on some of the outstanding audit issues and audit tasks
- Assessing the risk of material misstatement of a client business in which the business operates
- Ensuring procedures, policies, legislation and regulations are correctly followed
- Designs detailed audit procedures to obtain sufficient appropriate audit evidence
- Design detailed audit programs, setting out the procedures that are appropriate to obtain sufficient appropriate audit
Education
BBA - Accounting
Online Course - Charter University
USA01.2017
Higher School Certificate -
Piton SSS
PITON01.2011
School Certificate -
Goodlands Boys SSS
PITON01.2009
Skills
- Microsoft Office
- QuickBooks
- Case ware
- Nav One
- I Manage
- Fundcount
- Investran
Certification
- Master of Business Administration (MBA)
Plymouth Marjon University, United Kingdom
- ACCA
- Level 1 - Cleared
- LEVEL 2 - F4 & F7 passed
References
Ishrat, Moollan, Signing Partner, Moollan & Moollan Ltd
Hobbies and Interests
Football, Swimming, Cycling
PERSONAL DETAILS
English
French
Urdu
Strengths
- Self-motivation, determination and confidence.
- Ability to work to deadlines & under pressure.
- Strong IT skills.
- Dedicated to providing personalized attention and service.
Weaknesses
Meticulous; pay attention to details
Character
- Adaptable: Experience working with people from a diversity of backgrounds and cultures.
- Persistent: Complete a task even when it was more challenging than expected.
- Punctual: Arrive at office and meetings with clients on time and with appropriate materials.
- Resourceful: Applied successful solutions to difficult problems.
Timeline
Senior Fund Administrator
Intercontinental Trust Ltd
12.2024 - Current
Fund Accountant
Apex Group Services Ltd
06.2024 - 12.2024
Accountant
Ocorian Corporate Services (Mauritius) Limited
12.2020 - 06.2024
Semi Senior Auditor
Moollan & Moollan Ltd
01.2020 - 12.2020
Semi Senior Auditor
SRA Partners
07.2019 - 12.2019
Semi senior Accountant and Auditor
Accounting & Consulting Group Ltd
10.2017 - 04.2019
Junior Auditor
Morison Mauritius
07.2015 - 09.2017
BBA - Accounting
Online Course - Charter University
Higher School Certificate -
Piton SSS
School Certificate -
Goodlands Boys SSS
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