Jai Khandelwal
Chartered Accountant
Gurgaon
Summary
Experienced Chartered Accountant with expertise in account reconciliations, controls, legal entity controllership, taxation, and auditing. Thrives in challenging professional environments, leveraging talents, skills, and extensive knowledge of accounting and finance to drive organizational success. Committed to contributing analytical abilities and a strong work ethic to achieve the organization\'s goals.
Overview
10
10
years of professional experience
2019
2019
years of post-secondary education
1
1
Certification
Work History
Assistant Manager - Reconciliation Approver
Bank of America
08.2022 - Current
- Oversee and Approve all reconciliations prepared by reconcilers, ensuring they met policy requirements, compliance requirements, and deadlines.
- Coordinated with cross-functional teams (accounting, finance, internal audit) to address complex reconciliation issues and ensure alignment with overall business objectives.
- Tracked and escalated outstanding reconciliation items, collaborating with relevant stakeholders to ensure timely resolution and closure.
- Ensured adherence to accounting policies and regulatory requirements, maintaining a high level of data integrity and financial accuracy.
- Led and managed SIM initiatives aimed at streamlining financial reconciliation processes, integrating new systems, and enhancing operational efficiency across departments.
Team Leader - Reconciler
Bank of America
08.2020 - 07.2022
- Maintain proper controls to ensure timely and accurate performance of reconciliations and compliance with all applicable enterprise policies and standards
- Monthly Frontier Certification, Internal Quality Assurance Reviews & facilitation of reconciliation reviews
- Identify, age and report breaks, variances and reconciling items
- Monitor, inform and escalate as appropriate
Audit Assistant
Deloitte
01.2020 - 03.2020
- Completed audits in accordance with regulations and procedures for Canadian Private companies
- Reviewed general ledger transactions to identify errors or irregular entries.
Industrial Training - LEC Functions
Goldman Sachs
08.2017 - 09.2018
- Intercompany Settlement - Performed regular settlements on a monthly basis for all the service entities managed by the team
- Investment Equity Clean ups - Clearing all the balances between holding and subsidiaries
- Preparation of Financial Statements of entities and performing tie-outs of financials, preparing a presentation for the board meeting
- Balance Sheet Substantiation
- Hedging FX Exposure weekly - Calculate the FX exposure, analyse the reason and take a relevant position
Article Assistant - Auditing & Taxation
Karnavat & Co
08.2015 - 08.2017
- Computation of Total Income, Tax Liability thereon and filing of IT Return of Individuals, HUF's, Partnership Firms, closely held Private Companies and Listed Companies
- Statutory Audit of Companies (including listed companies) and Partnership Firms
- Income Tax Audit of Individuals, Firms, Co-op Society & Trust
Education
Master's Degree -
Chartered Accountant
11-2019
Bachelor of Commerce - undefined
H.R. College of Commerce and Economics
Skills
Oracle
SAP Proficiency
Effective Team Leadership
Financial Reporting Standards
Loan accounting
Financial Account Reconciliation
Proficient in GAAP Standards
Lease accounting
Advanced Excel Skills
End-of-Month Reconciliation
Accomplishments
- Awarded bronze award twice as an account reconciler in the GIRC team.
- Awarded runner up in chess team event at GS Bengaluru wide.
- Participated in State level Table Tennis tournament organized by CBSE in 2012-13 and reached quarter-finals.
- Participated in district level Table Tennis Tournament in 2012, organized by Jodhpur District Table Tennis Association.
Certification
FRM Part 1
Timeline
FRM Part 1
07-2024
Assistant Manager - Reconciliation Approver
Bank of America
08.2022 - Current
Team Leader - Reconciler
Bank of America
08.2020 - 07.2022
Audit Assistant
Deloitte
01.2020 - 03.2020
Industrial Training - LEC Functions
Goldman Sachs
08.2017 - 09.2018
Article Assistant - Auditing & Taxation
Karnavat & Co
08.2015 - 08.2017
Bachelor of Commerce - undefined
H.R. College of Commerce and Economics
Master's Degree -
Chartered Accountant