Anuj Parmanandka
Chartered Accountant
Gurgaon
Summary
Dynamic finance professional with extensive experience in the Finance and Treasury sectors, currently serving as a Manager in the Capital Markets Accounting Advisory Services (CMAAS) at PwC India. Specialize in providing strategic insights and enhancing operational efficiency for large multinationals across various industries and geographies. A qualified Chartered Accountant (ICAI, India), having a proven track record in financial reporting, risk management, and regulatory compliance, complemented by hands-on expertise with treasury desks in top-tier banks, insurance companies, and NBFCs in India and the Middle East. Recognized for exceptional contributions, including a CEO Award for Derivatives Deal negotiation and a Rising Star Award during articleship at Deloitte.
Overview
9
9
years of professional experience
20
20
years of post-secondary education
Work History
Manager - CMAAS
PwC
Mumbai
1 2024 - Current
- End-to-End Derivatives Management: Oversees the lifecycle of derivatives management, ensuring compliance with Ind AS 109 and providing strategic guidance on hedge accounting implementation, documentation, and effectiveness testing
- Hedge Accounting Expertise: Instructs the team on best practices for hedge accounting, ensuring all entries and disclosures meet regulatory requirements
- Derivatives Measurement and Structuring: Manages fair value measurement of derivatives, including mark-to-market assessments, and advises on optimal structures to mitigate risk
- Client Deliverables and Team Management: Reviews deliverables for quality assurance and fosters a collaborative team environment to ensure timely and efficient client outcomes
- Financial Instrument Analysis: Conducts in-depth analysis of complex financial instruments, focusing on classification, measurement, and accounting in accordance with Ind AS 109
- ECL Model Preparation: Assists in the preparation and finalization of the Expected Credit Loss (ECL) model, ensuring compliance with Ind AS 109
- Finance Control Management: Oversees finance control, supports finance transformation initiatives, and ensures smooth book closure and audit support for financial statements
- Operational Efficiency: Drives finance transformation through process automation and ERP implementation to enhance operational efficiency.
Manager - Treasury Finance
Canara HSBC Life Insurance
Gurugram
04.2022 - 01.2024
- Prepared and finalized accurate investment returns for quarterly regulatory submissions
- Oversaw end-to-end management of company's derivative portfolio, including trade execution, reporting, and risk monitoring
- Conducted performance attribution analysis against index benchmarks, delivering monthly portfolio performance dashboards to stakeholders
- Ensured real-time compliance with regulatory and internal limits within investment portfolio
- Updated investment policies and Standard Operating Procedures (SOPs) to maintain regulatory adherence
- Negotiated and concluded inter-bank agreements to facilitate efficient Over-the-Counter (OTC) derivative trades
- Developed and executed User Acceptance Testing (UAT) for treasury system enhancements
- Closed monthly financial reporting for complete investment portfolio, ensuring accuracy and compliance
- Optimized liquidity management through daily cash flow forecasting
- Managed external and internal audits of treasury function, implementing corrective actions as needed
- Established strong relationships with key stakeholders to enhance information flow and collaboration.
Assistant Manager
Deloitte
Gurugram
04.2021 - 04.2022
- Collaborated with client teams to identify root causes and problem statements, improving existing processes related to complex process flows
- Conducted review of hedge documentation and hedging strategy for designated hedge trades, challenging client documentation and providing corrective action suggestions
- Possessed expertise in cash and liquidity management and investment management
- Performed treasury reviews for multiple corporate clients, ensuring smooth workflow, timely execution, and adherence to applicable accounting standards (IFRS 9/FRS 102)
- Conducted derivatives valuation for various hedging financial instruments, such as Bond Forwards, Interest Rate Swaps, Cross Currency Interest Rate Swaps, and FX Forwards
- Advised banking and leasing clients on the application of appropriate provisions of IFRS in the preparation of financial statements.
Senior - Corporate Treasury
KPMG
Gurugram
11.2020 - 03.2021
- Worked on various accounting advisory reviews, assisting clients with complex accounting queries related to hedge accounting, hedge documentation, and hedge effectiveness
- Reviewed client hedge accounting practices to ensure compliance with applicable Financial Reporting Frameworks, including IFRS 9, IAS 39, IFRS 7, and IFRS 13
- Conducted valuation procedures for a diverse range of financial instruments, including cross currency interest rate swaps, interest rate swaps, FX forwards, and FX swaps
- Provided expert insights and recommendations to clients based on valuation results, supporting decision-making processes
- Collaborated effectively with cross-functional teams and clients to address accounting challenges and ensure accurate financial reporting.
Assistant Manager - Investments (Derivatives)
Max Life Insurance Company Limited
Gurugram
05.2019 - 10.2020
- Managed the company's derivative portfolio, providing regular reports and updates to the management
- Successfully migrated the derivative portfolio from IRS to FRA, overseeing all aspects of hedge accounting and hedge documentation
- Ensured compliance with regulatory and financial reporting requirements for interest rate derivative contracts
- Prepared hedge documentation and conducted hedge effectiveness testing in accordance with IFRS 9/Ind AS 109
- Managed relationships and validated bilateral agreements with counterpart banks and primary dealers for derivative trades
- Conducted valuation of derivative contracts and implemented system enhancements to automate valuation procedures
- Reviewed treasury function and facilitated cash management, optimizing yield on investments
- Forecasted projected cash flows and executed fund transfers while investing in liquid fixed income instruments.
Associate
Deloitte India
Gurugram
04.2016 - 04.2019
- Prepared audit programs and scopes, ensuring adherence to quality procedures and understanding audit requirements
- Ensured compliance with Indian GAAP and IRDAI regulations, supporting statutory compliance efforts
- Conducted audits on internal controls over financial reporting (ICFR), contributing to risk assessment and mitigation
- Independently audited the Rs
- 75,000 crore investment portfolio of the fourth largest private life insurer in India
- Gained exposure to industry-specific audit areas such as Premium, Investments, Commission, and Policy Payouts, incorporating data analytics into audit procedures
- Executed audits at private limited clients, demonstrating independence and attention to detail.
Education
Chartered Accountant -
The Institute of Chartered Accountants of India
New Delhi 06.2014 - 11.2018
Bachelor's degree, Business/Commerce, General - B. Com (H)
Delhi University
New Delhi 04.2014 - 04.2017
SSC - Commerce
Lancer's Convent
New Delhi 04.2001 - 03.2014
Skills
Accounting Advisory
Hedge Accounting
Financial Risk Management
Treasury Operations
Finance Transformation
Current Location
Mumbai, Maharashtra, India
Awards
- Appreciation
- Rising Star
- Impressive First Impression
- Outstanding Team of the Year
Timeline
Manager - Treasury Finance
Canara HSBC Life Insurance
04.2022 - 01.2024
Assistant Manager
Deloitte
04.2021 - 04.2022
Senior - Corporate Treasury
KPMG
11.2020 - 03.2021
Assistant Manager - Investments (Derivatives)
Max Life Insurance Company Limited
05.2019 - 10.2020
Associate
Deloitte India
04.2016 - 04.2019
Chartered Accountant -
The Institute of Chartered Accountants of India
06.2014 - 11.2018
Bachelor's degree, Business/Commerce, General - B. Com (H)
Delhi University
04.2014 - 04.2017
SSC - Commerce
Lancer's Convent
04.2001 - 03.2014
Manager - CMAAS
PwC
1 2024 - Current
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