Summary
Overview
Work History
Education
Skills
Accomplishments
Personal Information
Projects
Timeline
Generic
Avdhesh Soni

Avdhesh Soni

Gurgaon

Summary

Dynamic finance professional with 12+ years of experience in Financial Planning & Analysis, Intercompany Cost Allocation, Transfer Pricing and IFRS9 Impairments. Passionate about driving growth and profitability through financial analysis, accounting, and risk management.

Overview

13
13
years of professional experience

Work History

Manager Impairment Production and Analysis Center (IFRS9)

HSBC
Gurgaon
12.2021 - Current
  • Supporting Impairment and Wholesale Credit Risk & Analytics team with data analysis and processing for ECL provisioning adhering to runbook timelines
  • Primary responsibility is to oversee SOX controls related to Data Validation, Inbound & Outbound adjustments and Country Impairment reports
  • This includes governance and analysis of data completeness, addressing data quality issues, and ensuring accurate posting of outbound adjustments
  • Monitoring impairment figures and analyzing MoM/QoQ performance trends to provide explanations for changes in ECL
  • Understanding of credit risk metrics such as PD, LGD, EAD, RWA and ECL
  • Possess a comprehensive understanding of IFRS9 methodology which is essential for accurate ECL provisioning
  • Ability to collaborate with cross-functional teams to improve data quality and reporting accuracy in credit risk assessments
  • Conducted regular reviews of internal controls and procedures to ensure compliance with IFRS9 standards.

Project Manager

Société Générale
Bengaluru
04.2018 - 12.2021
  • Transfer Pricing Computation and First Level Review: April 23, 2018 - September 30, 2019
  • MoM computation of Transfer Pricing for Brokerage from Listed Derivatives - Clearing and execution, Advisory fees from ECM & MNA - Equity Capital Market and Merger & Acquisition, Advisory fees from DCM - Debt Capital Market
  • Ensure proper retrocession's for NBI to respective Legal Entities
  • IER - Inter Entity Reconciliation of P&L accounts for all Entities Worldwide with TP Communication & GL as part of first line of control
  • Perform various controls in order to complete smooth month-end and to avoid un-expected exceptions
  • Timely reviewing of SOPs to align with Société Générale Functional fundamentals of transfer pricing
  • MoM, QoQ & YoY Variance analysis for increase or decrease in NBI retrocession
  • Project Management: Octobre01, 2019 - December 09, 2021
  • Develop and maintain collaborative relationships with partner teams including Global Process Owner, Functional Head, IT Architecture, IT Support & Business Operations teams
  • Virtual presentation & liaising with Business CFO & onshore stakeholder
  • Met project deadlines without sacrificing build quality or workplace safety.

Process Supervisor

Deutsche Bank Group
Pune
10.2013 - 04.2018
  • Intercompany Cost Analysis & Allocation: MoM analysis of Intercompany Cost Base
  • Ensure proper allocation of relevant cost to business/FO
  • Once the cost is distributed among clients as per allocation matrix it is push through into book of records i.e., P&L of Bank as recoveries
  • Post finalization of accruals and booking done into ledgers-SAP, invoices get generated and sent for approval to respective country managers
  • Assisting Stakeholders to allocate monthly cost to Front Office and in defining Client Matrix
  • Monitoring of Over/Under position and clearing them out on monthly basis
  • Preparing various MI packs for Stakeholders for their reconciliation & reporting
  • Primarily liaising between Global Operations and Business Management teams and work with various Businesses on primary cost allocation & management
  • Prepare End-to-End Reconciliation Deck to show allocable cost base along with exceptions
  • Timely reviewing of SOPs with reference to DB Policies & Allocation Methodology
  • Intercompany Transfer Pricing - Cost Plus Method: MoM Analysis of Intercompany Mark-Up which needs to be allocated to respective FO business areas
  • Mark-Up is calculated considering OECD Transfer Pricing Principle i.e., 'Cost plus Method' for Non-Revenue generating entities
  • Ensure proper allocation of Mark-Up based on Actual cost to respective FO Business/entities.

Process Executive

Infosys
Jaipur
11.2011 - 10.2012
  • Accounts Payable (News Limited Australia PTY
  • LTD)
  • Execution of process training of new team members to build good resource in process
  • Involvement of Client interaction through weekly operational call
  • Preparation of payment report and review on weekly basis to make timely payment of supplier
  • Timely reviewing of SOPs and FAQ in order to capture tacit knowledge and sharing with Client to know common understanding of process
  • Reviewing duplicate Invoice report, Invoice on hold report, Credit notes, etc.

Education

I.F.R.S: International Financial Reporting Standards -

Association of Chartered Certified Accountants
Pune
09.2016

MBA: Finance And Business Economics -

Maharshi Dayanand Saraswati University
Ajmer
04.2011

B. Com: Accounting And Business Management -

Maharshi Dayanand Saraswati University
Ajmer
04.2008

35 Hours Project Management Professional (PMP) Training -

QAI Global Institute
Bangalore
04.2008

Skills

  • IFRS 9 Impairment
  • PD
  • LGD
  • EAD
  • ECL
  • RWA
  • Transfer Pricing Computation
  • Project Management
  • Financial Analysis & Reporting
  • Process Knowledge
  • Public Relations
  • Oracle ESSBASE & GL APF
  • Qlik Sense
  • Power BI

Accomplishments

  • Successfully transitioned "Group Intercompany Cost Allocation process" for Operations from Pune to Jaipur, ensuring a smooth process with no escalations - Deutsche Bank
  • "Spot Award" - June 2014 - Deutsche Bank
  • "Team of the Month" - December 2014 for transitioning new business and settling with no escalations - Deutsche Bank
  • "Spot Award" - October 2015 - Deutsche Bank
  • Automated and simplified few of the MI reports to give productivity benefit of more than 300 hours annually - Deutsche Bank
  • Received Spot Award for providing BREXIT simulations on TP computation process and implementing the same without escalation, Approved by London CFO - Societe Generale
  • Received Letter of appreciation from Department Head - Societe Generale
  • Globally recognized for efforts and accountability during the Global Financial Reporting Townhall - HSBC

Personal Information

Title: Manager IFRS9

Projects

  • Played a key role in performing data analysis for the FoTC migration project on IFRS9.
  • Transfer Pricing - Journal Accounting Automation (JEAT).
  • Reconciliation of Performance NBI vs. Accounting NBI.
  • BREXIT - Conducted an analysis on the impact of BREXIT on Transfer Pricing revenue sharing for the London Entity.
  • Inter Company Tool Migration (cost saving of approx. 0.5 mn EUR).
  • Inter Company Cost Allocation & Transfer Pricing Computation process transition from Pune to Jaipur
  • Reduced number of hold invoices and claims from 1500 to below 100.

Timeline

Manager Impairment Production and Analysis Center (IFRS9)

HSBC
12.2021 - Current

Project Manager

Société Générale
04.2018 - 12.2021

Process Supervisor

Deutsche Bank Group
10.2013 - 04.2018

Process Executive

Infosys
11.2011 - 10.2012

I.F.R.S: International Financial Reporting Standards -

Association of Chartered Certified Accountants

MBA: Finance And Business Economics -

Maharshi Dayanand Saraswati University

B. Com: Accounting And Business Management -

Maharshi Dayanand Saraswati University

35 Hours Project Management Professional (PMP) Training -

QAI Global Institute

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