Bighnesh Samal

Working in the role of Assistant Manager (Senior Associate-II) for Financial Statements & Insurance, Asset Management under Assurance Service Line since 22nd October, 2019 till Date. (4 years, 6 months)

• Coordinating with engagement team members of onshore to resolve technical & resourcing issues
• Worked within Insurance Sector, under Financial Services managing bigger clients with more than 2000 billable hours.
• Presently moved into Project Management for Services under Specialized Service while continuing to assist on base engagement
• Rewarded with multiple performance recognition including Catalyst of positive business outcomes & Territory Spot Awards during tenure with present employer.

Responsibilities:

• Review of Financial Statements for clients from various sectors viz Mutual Funds, Hedge Funds & Private Equity as part of complete audit during different periods of year.
• Substantive Testing for multiple Insurance FSLIs viz. Cash & Cash Equivalents, Investments, AR, Prepaid Expenses, PP&E, RGL, URGL etc.
• Usage of digital tools to facilitate Audit of financial statements viz. SOI, Notes to FS, SAL, SCNA, SOP, Income Statement, Cash Flow Statement from different duration to ensure accuracy.
• Test of details including areas such as Dividend, Capital etc.
• Working on statements from SEDAR & EDGAR.

Worked as an Associate II for Financial Reporting (State Street Global Services) since 7th May, 2018 till 31st May, 2019 (1 Year 1 Month of experience)

Responsibilities:

• Review of Financial Statements including following:
• Portfolio/ Schedule of Investment (POI/ SOI), along with footnotes
• Statement of Assets & Liability (SAL)
• Statement of Position (SOP)
• Statement of Changes in Net Assets (SOC/ SCNA)
• Notes to Financial Statements
• Preparation & verification of statements with Fund Suite SX.S

Served under Assurance Service line from 1st of December, 2014 till 9th February, 2018 (3 Years 2 Months of experience)

Responsibilities:

• Interim & Year-end auditing of Canada & US based clients which includes preparation & updating of Financial Statements such as Excel based Lead-sheets, Trial Balances, SOI, SFP, and SCF
• Performing Substantive audit, worked on Asset Management Industry which included US Hedge funds and mutual fund, review of financial statements, Capital activity testing and capital allocation, Various Income and Expenses and account level testing.
• Usage of data from Thomson One & Bloomberg database.
• Audit activities also include Tie-out of Confirmations, Financial Statements, and rolling forward PY documents, Auditing of Employee Benefit Plans/ Pension including Defined Benefit (DB), Defined Contribution (DC), and Health & Welfare (HW) Plans
• Good command over .pdf & excel based Financial Statements/ Reports, Documents.
• Major clients include Transamerica Mutual Fund, Man- AHL Investments, Morgan Stanley Funds, and American Beacon Advisors, Dreyfus Corporation, Next Edge Capital Corp etc.

Worked as Finance Analyst for the Trade & Settlements Department from 30th July, 2013 till 28thNovember, 2014 (1 Year 4 Months experience).

Responsibilities:

• Processing of Debt, Equity & MBS securities of US Federal Reserve & Depository Trust Company (DTC)
• Processing of excel macro-based trade status reports
• Working on applications like IBM Electronic Document Management (EDM), Fundmaster etc. for resolving trade processing requests of major clients of Northern Trust like Wells Fargo, J P Morgan, Lockheed Martin, Merrill Lynch, Neuberger Berman, BNY Mellon.
• Settled approx. $2 USD daily for some critical clients.

Worked as Summer Intern from 14th May, 2012 to 11th Sep, 2012

Responsibilities:

• Research on right segment of investors & channels to promote the sales of financial products especially varieties of Mutual Fund Products
• Study on operating norms of Asset Management Companies in India
• Facilitating interaction between different entities viz RTA, Custodian, Sponsor & Investor, of a Mutual Fund Organization.
• Brought in business up to INR 10 lakh for employer during summer intern.