Ankita Bansal

• Leading month end close process, preparing and presenting a line of business and consolidated financial results to executive management.
• Performed complex analytics to highlight business drivers for variances against budget/ forecast.
• Collaborated with cross-functional teams to streamline the reporting processes.
• Assisted with financial statement audits, liaising with external auditors.
• Leading the Amortization Process: Maintaining the detailed amortization data at project level taking into consideration the work in progress and capital expenditure budgeted for the year to give actionable insights to the stakeholders.
• Achievement - Rated 4 in the first year of employment for overall improving the financial accounting for the Tech function by automating the month end files.

• Work function at XL India involves leading a team of 5 people for Budgeting/ Forecasting, Financial Accounting including expense accruals, PL/BS reconciliations, External Regulatory Reporting, Handling Audit queries, Maintaining Internal Controls for Property Casualty and Life Re business
• Drafted accounting memorandums for the various treaties that are signed with external parties to setup/ explain entire accounting procedures, PL/BS reconciliations and external reporting processes to be followed
• Leading the automation projects in EE environment/ MS-database thereby enabling the automated accounting and journal preparation of various QS treaties
• Review of UAT testing performed by the parallel teams involved
• Reviewing the manual journals for various Internal/ External Quota Share arrangements
• Leading the overall technical and expense accrual accounting for Life Re segment
• Leading PL and BS reconciliations for QS treaties thereby facilitating the business reviews with data analysis
• Assisting the treasury teams for transfer of funds within/ outside of AXA XL for settlements related to QS treaties
• Review the Intercompany reports and analysis thereby enabling to clear the intercompany variances

Project Highlights: Visited the AXA XL London office for meetings with the onshore stakeholders and discussing the potential impacts on re-aligning the QS accounting by easing out few complex factors involved and successfully completed the project and enabled the automated accounting per new defined measures and setup the new reporting formats. This led to enormous time saving (40% of FTE timing) and error free accounting. Single handedly setup the entire accounting/ reporting process for the property QS treaties by decoding the complex contracts signed with the external clients. Partnered with onshore stakeholders and received the approvals. Automation of these treaties saved 50% of FTE time.

• Assisted one of major consulting firm - A.T
• Kearney in analyzing the feasibility of filing Advance Pricing Agreement ('APA') application
• Represented clients before Tax assessment authorities for transfer pricing matters
• Effectively managed work relating to verification, due diligence for the Issuance of Accountant's report (Form 3CEB), annual transfer pricing documentations as part of statutory compliance to be observed by clients
• Organized and attended client meetings for undertaking Functions, Assets and Risk ('FAR') Analysis
• Prepared annual transfer pricing documentations as part of statutory compliance to be observed by clients.

• Audit Planning (Analytical reviews, Materiality calculation, Ratio analysis, expected date allocation to each work along with deadlines to complete the assignment, understanding of entity's business)
• Review of bank reconciliation statements
• Vouching of purchase book, sales book, cash book, journal vouchers during 1st year of internship
• Performed stock audit of manufacturing concerns per ABC analysis
• Filing of ITR returns for corporate (XBRL filing) and non-corporate clients
• E-Filing of TDS returns.