CA Mrunal Zaoba
Mumbai,Maharashtr
Summary
Chartered Accountant with over 11 years of comprehensive experience in internal and statutory audits, finance operations, accounting controls, process optimization, implementing efficient financial control systems, and leading teams to enhance business performance and ensuring compliance with international accounting standards (IFRS, IND-AS).
Overview
11
11
years of professional experience
Work History
Manager
BNP Paribas India Solutions Private Limited
04.2018 - Current
- Lead and manage finance and accounting controls for the APAC region, ensuring robust governance and compliance with regulatory frameworks
- Identify and mitigate system and control deficiencies, implementing solutions to improve accounting control in sensitive and risky areas
- Risk rating & provisioning for downgraded clients - Performing various controls on the risk rating assigned to clients and the subsequent provisioning made thereon to ensure no revenue leakage for the bank in compliance with the requirements of IFRS
- Conduct comprehensive testing of hedging strategies to ensure compliance with IFRS requirements
- Assess and advise on fee income recognition by investigating deal documentation and ensuring alignment with corporate policies and accounting standards
- Oversee fixed asset reconciliation, including the verification of PV bookings, lease checks, and credit provisioning
- Oversee monthly reconciliation of General Ledger and Back Office systems, providing detailed analysis and actionable insights on breaks and accounting impacts in investment and banking operations
- Implement automation strategies for control processes, collaborating closely with projects teams to optimize efficiency and reduce manual intervention
- Actively involved in migration of work from onshore to offshore sites, including planning, allocation, knowledge transfer, and successful go-live implementation
- Lead quarterly financial reporting processes, preparing detailed reports and presentations for senior stakeholders in various reporting templates as required by them
- Lead quarterly management dashboard reviews, presenting key financial and operational insights to the leadership team
Senior Associate
PricewaterhouseCoopers
04.2016 - 10.2017
- Handled the Statutory audit in financial areas related thereto like Investments, Equity Capital, Treasury, Loans & Advances, Fixed Assets, Expenses, Payroll, Revenue etc
- Handled process compliance & performance reviews in various operational areas of the organization, such as; Accounting & Finance, Internal Control Systems, Statutory Regulations, Secretarial Compliance etc
- Finalization of Financial Statements, which includes Auditors report including CARO, Balance Sheet, Profit & Loss Account & Notes to Accounts in compliance with the requirement of Revised Schedule VI of the Companies Act, 1956, Tax Laws & Accounting Standards and RBI, SEBI circulars
- Verified internal controls and carried out internal audit, providing suggestions for improvement of the same
- Performed ledger scrutiny, analysis of Debtors and Creditors-Ageing, Recovery Period, Balance Confirmation Procedures and legal cases, Cash & Bank, Verification of revenues & expenses, and physical verification of fixed assets
- Coordinated effectively with client, team members and managers on assignments to get the work done on timely basis
Audit Manager
Chokshi & Chokshi, Chartered Accountants
10.2013 - 03.2016
- Lead a team covering the following areas of banking operations during the course of Concurrent and Internal audit:
- Credit - Fund based and Non – fund Based facilities advances, account monitoring, classification of NPA’s and provisioning of NPAs as per the RBI guidelines
- Treasury - Valuation of products / investments as per the applicable guidelines
- Head-office operations - Review of Fixed Assets, Salaries, Scrutiny of income and Expenditure Heads, variance analysis, Bank Reconciliations, Liabilities
- Financial statements - Analysis of financial statements and review the consolidation of financial statements, Verification of accounting policies and notes to accounts, Review of cash flows, tax workings
- RBI compliances - Review of disclosures relating to investments, advances, financial statements, NPAs etc under RBI guidelines
- Review of the compliances with the insider trading policy
Education
Chartered Accountant -
Institute of Chartered Accountants of India
04.2001 - 11.2012
Bachelor of Commerce -
R.A. Podar College of Commerce & Economics
06.2025 - 03.2008
Timeline
Bachelor of Commerce -
R.A. Podar College of Commerce & Economics
06.2025 - 03.2008
Manager
BNP Paribas India Solutions Private Limited
04.2018 - Current
Senior Associate
PricewaterhouseCoopers
04.2016 - 10.2017
Audit Manager
Chokshi & Chokshi, Chartered Accountants
10.2013 - 03.2016
Chartered Accountant -
Institute of Chartered Accountants of India
04.2001 - 11.2012
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