Dec 2016 – Dec 2018 · 2 yrs · Pune, Maharashtra, India

• Financial controller responsible for accounts, closing, controls, reporting, taxation, systems

Apr 2015 – Dec 2016 · 1 yr 8 mos

•  Monthly book closing. Variance analysis against budget. Closing cycle reduced by 1/3rd to 9th.
•  Statutory financial statements in line with IRDAI regs and Accounting Standards. No observations reported by joint statutory auditors.
•  Publication of the financial results on website and in national newspapers.
•  No observations by joint statutory auditors over Internal Financial Controls over Financial Reporting.
•  Leading project on conversion of financial statements to IND AS.
•  Policy for appointment of statutory auditors and appointment.
•  Attend quarterly Audit Committee meetings. Address queries from Board members on financial statements.
•  Support Committee Secretary of Investment Committee for preparation of the agenda, review by Chairperson and finalization of minutes.
•  Design of induction programs for members of the audit and investment committee and review of their charter.
•  IRDAI compliance on expenses, rural and social policies, investment exposure and solvency.
•  Lead cost management project. Benchmark costs, brainstorm feasibility of ideas. Build in business plan, track and highlight deviations. Improved cost ratios, managed expenses within budgets.
•  Defined process for CBA. Validation of cost and benefits committed. Tracking of committed benefits into P&L account. Synergizing of multiple projects saving crores.
•  Investment operations: cash reporting, NAV, trade settlement and appointment of brokers.
•  Enable investment in interest rate swaps, Collateralized Borrowing and Lending Obligation, web-NDS and Alternate Investment Fund improving return on assets.
•  Engagements of concurrent auditor for investment and certification by IRDAI under Investment Risk Management Systems and Processes.
•  Management reporting on costs.
•  Identification of critical processes to be resumed in case of disaster.
•  Manage banking relationship.
•  Collections of premiums for 4 million policies and accurate posting.
•  Fixed Assets accounting and

Oct 2012 – Mar 2015 · 2 yrs 5 mos

• Part of the finance and control function.
• Handling various profiles like:
• Investment operations
• Banking and operations
• Management reporting
• Capex and insurance management
• Project management

Sep 2009 – Dec 2012 · 3 yrs 3 mos

• Handling Investments Back Office, Banking ++ :)

Apr 2008 – Jul 2008 · 3 mos

• Handling the investment back & middle office. Doing fund valuation, reporting, comliance checks, accounting, etc.

Apr 2007 – Mar 2008 · 11 mos

• Handling investments back office
• NAV verification
• Investments accounting
• Writing reports using crystal
• Submission of returns / reports
• System selection / GAP analysis

Apr 2006 – Mar 2007 · 11 mos

• Investment accounting
• NAV verification
• Reinsurance accounting
• Investments system implementation & data migration

Nov 2004 – Mar 2006 · 1 yr 4 mos

• Worked on accounting provisions for month end
• Interface of accounting between systems
• WIP clearance & control account clearing
• Reinsurance accounting
• IT systems testing

Jun 2004 – Nov 2004 · 5 mos

• Completed finance & facility services audits
• Undertook risk assessments

Jul 2008 – Sep 2009 · 1 yr 2 mos

• Doing NAV calculations, reporting, compliance checks.