Abhay Kaul
Finance Professional
Bengaluru
Summary
Experienced finance professional with a solid 15-year track record in record-to-report and financial reporting for the banking and insurance industries. Skilled in handling diverse products including investments, derivatives, securitization, property and casualty insurance. Proficient in analyzing complex financial data and providing accurate reports to support decision-making processes. Detail-oriented with a strong understanding of industry regulations and compliance requirements. Committed to delivering high-quality results and driving organizational success through effective financial management.
Overview
14
14
years of professional experience
1
1
year of post-secondary education
Work History
ASSISTANT VICE PRESIDENT
Swiss Re GBS India Private Limited
06.2021 - Current
- Completed Quarterly Return form for Canada Branch in compliance with IFRS 4 and IFRS 17.
- Transitioned financial data from IFRS 4 to IFRS 17 with thorough number substantiation in both Sub ledger and General ledger.
- Drafted comprehensive variance analysis for the full branch in chief agent reports.
- Ensured seamless progression of audit processes by effectively assisting auditors during Quarterly and Annual reviews.
- Monitored and confirmed the appropriateness of control systems.
- Ensured accuracy in preparing statutory accounts, including branch valuation bookings.
- Analyzed financial outcomes while sourcing data from collaborating teams.
MANAGER
Wipro Limited
12.2020 - 06.2021
- Managed accounting operations, including journal entries, reconciliations invoice processing for Real estate Mutual Funds
- Preparation and review of financial statement of 60 entities as per IFRS, HKRS
- Preparation and review of Cash and Net Asset Value (NAV) Analysis and Adjusted Net Income (ANI) and Net operating Income (NOI) Reporting for 17 projects
- Evaluated employees' strengths and assigned tasks based upon experience and training
SERVICE DELIVERY MANAGER
GENPACT INDIA PVT LTD
03.2012 - 11.2020
- Reporting Change Management: FFIEC 031 (Call Reports) - RC (Reports of Condition for bank's foreign and domestic offices for two Legal Entities), RC-E (Deposit Liabilities), RC-Q (Fair value of Assets & Liabilities measured at Recurring basis) etc
- Mapping of new GLs and creation of new reporting lines as per instruction of multiple regulators like OCC, FRB etc on quarterly
- Analysing instruction changes for call reports and coordinating with LOBs to assess the impact and creation of IT requirements to implement those changes in accounting schema
- Corporate Debt & Securitization Reporting: Responsible for Accounting & Reconciliation of all Asset-Backed Securities (Securitized Debt) & Corporate Debt
- (Unsecured) like Bank/Parent Notes, MMDA, FHLB, Certificate of Deposit, 10D filing, Calculation of interest and Principal to be distributed to Investors
- Major Activities include: All unsecured Debt and COMET Trust Portfolio Reconciliation, posting and approving entries related to Distribution, Issuance, termination, maturity, and Fees, Bank Note Roll forward report, Borrowing Footnote, Monthly Trust Reporting for all Capital One trusts, Distribution of interest and principal to noteholders, Auto Securitization Reporting etc
- Investment Accounting: Responsible for Accounting & Reconciliation of all the investments that Capital One has done in MBS, CMBs, ABS, Government Bonds, Treasury Bills (Portfolios Size $85 Billion)
- Major Activities include: AFS and HTM Portfolio Reconciliation, FAS 115 Reconciliation (OCI) & Deferred Tax Entries, Principal loss, FHLB Dividend Accruals & Trade adjustment Entries, Roll Forward reports, Loss Classification, Income Data Analytics & CUSIP Level Analytics and Performing revaluation of Other than Temporary Impairment (OTTI) investments (now as per CECL)
- Derivative Accounting: Responsible for Accounting & Reconciliation of Derivatives that includes Fair Value Hedges, Cash Flow Hedges, Net Investment Hedges & free-standing Hedges (Portfolios Size Notional $225 Billion)
- Major Activities include FAS 133 Reconciliation & Deferred tax entries, Swap Settlements & Interest Accruals, Pre-terminations & Margin Money Entries, Transaction Gain / Loss Analysis & P/L Analytics, COMET & Broker CD Fair value Analysis etc
- Preparing Variance explanation for portfolio on monthly, quarterly, or yearly basis for Capital One Management review
- Prepare investment, Debt and Derivative portfolio footnotes for 10K and 10Q reporting
- Booking of Regulatory Ledger (Using PIT accounts & Reg
- Codes) entries for regulatory team
AUDIT EXECUTIVE
MEHRA GOEL AND CO
01.2011 - 08.2011
- Live audit on following critical control points: Purchase Orders Processing, Costing, Billing, HR policies& procedures
- Reviewing of management policies and Compliance of Internal Controls
- Reporting to Management Team on Monthly Basis
- Evaluation of system generated reports
Education
Certification in Applied Finance - undefined
09.2023 - Current
Executive Post Graduate Diploma in Finance - Finance
No Degree: Accounting and Finance
Bachelor of Commerce - Accounting, Finance
Skills
IFRS 17
Accomplishments
- Awarded as best team lead in process.
- Got Awarded 6 times by Client for Customer Centricity & Outstanding Performance.
- Achieved 12 times Team awards.
Visas
Canada Visa Valid till 03/2027
Personal Information
- Date of Birth: 04/10/86
- Marital Status: Married
Father'sname
Late Shri Avtar Krishen Kaul
Timeline
Indian Institute of Management - Certification in Applied Finance,
09.2023 - Current
ASSISTANT VICE PRESIDENT - Swiss Re GBS India Private Limited
06.2021 - Current
MANAGER - Wipro Limited
12.2020 - 06.2021
SERVICE DELIVERY MANAGER - GENPACT INDIA PVT LTD
03.2012 - 11.2020
AUDIT EXECUTIVE - MEHRA GOEL AND CO
01.2011 - 08.2011
Institute Of Management and Technology - Executive Post Graduate Diploma in Finance, Finance
Dyal Singh College - Bachelor of Commerce, Accounting, Finance
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