Summary
Overview
Work History
Education
Skills
Personal Dossier
Languages
Timeline
OfficeManager
Karan Sareen (CPA)

Karan Sareen (CPA)

Summary

Experienced in auditing, accounting, and finance operations, including the preparation and maintenance of statutory books of accounts. Skilled in ensuring the finalization of year-end financial statements. Adept at monitoring cash flow and preparing monthly budgets while efficiently allocating funds.

Personable and organized with talent for effective team coordination and problem-solving. Possesses solid grasp of operational procedures and excels in managing daily tasks and customer interactions. Ready to drive efficiency and support organizational goals through proactive leadership and strategic planning.

Overview

7
7
years of professional experience

Work History

Assistant Manager - Finance & Audit

R.S & Co.
04.2020 - Current
  • Performed Internal Audits of Public Sector Units (PSU) to review systems & procedures, internal financial controls, operations, transactions
  • Performed Concurrent Audit & Specialized Monitoring of Coal Based Thermal Power Plant (TPP)
  • Lenders Financial Agent (LFA) for monitoring cash flow & Fund utilization in project
  • Ensuring TRA and Escrow accounts maintained as per loan agreement
  • Implemented systems, procedures for preparation and maintenance of books of accounts and financial statements
  • Performed Stock based compensation entries and reviews
  • Prepared Due Diligence Report for banks
  • Mapping of Cash transactions with AR/ AP subledgers
  • Understanding of end-to-end AR/AP process flow, accounting & reconciliation & accounting of Sub-Ledger Control Accounts
  • Preparation of certificates: Net Worth, GST utilization, Financial Ratios, Customer Balance Reconciliation
  • Scrutinized & ensured External Commercial Borrowing (ECB) return as per ECB guidelines in accordance of Foreign Exchange Management Act, 1999
  • Performed Stock audits & physical verification of construction stores lying with contractors of Power Transmission agencies
  • Assisted in developing budgets & forecasting for various departmental activities
  • Reviewed efficacy and adequacy of work flow design of Accounting, Financial, & compliance controls

Finance Officer

Power Finance Corporation Consulting Limited (PFCCL)
01.2019 - 03.2020
  • Preparation and presentation of general-purpose STANDALONE / CONSOLIDATED Financial Statements in accordance with Indian Accounting Standards (IND AS) as per amended Schedule III of Companies Act, 2013
  • Performed month-end closing process including adjusting journal entries, reconciliations, and variance analysis
  • Specific areas worked in Balance Sheet include Cash & Cash equivalents, Bank Balances, Deferred Tax Assets, Loans to ITPs, Property Plant and Equipment (PPE), Debtors Ageing
  • Review intercompany activities & check intercompany invoices including entries
  • Dealings with Bank Authorities for investing in Fixed Deposits (FDs)
  • Management of employee claims in accordance with company policy and disbursement of the same
  • Design & Testing of internal controls with respect to their design, implementation and operating effectiveness
  • Working on Software - ORACLE ERP for maintaining data records, financial management, project management, accounting
  • Timely submission of financials & closure of Statutory Audits, Internal Audits, Special Purpose Vehicle (SPVs) Audits (External Audits)
  • Prepared detailed cash flow projections for short-term liquidity needs

Audit Executive

Ernst & Young (GDS)
12.2017 - 03.2018
  • Worked as contractual employee for handling Audit work for EY Germany, Switzerland and Austria (GSA Department)
  • Assisting EY Onshore team in various fields of Fixed Assets, Current Assets, Current liabilities etc
  • Performed month end reconciliations

Senior Associate

Deloitte Haskins & Sells (DHS)
09.2011 - 09.2014
  • Independently led the assignments from planning to the review stage
  • Audited all the business cycles such as Revenue, Purchases, Fixed Assets, Inventory, Treasury, Payroll and Expenditure
  • Performed stock counts
  • Performed testing of internal controls with respect to their design, implementation and operating effectiveness
  • Worked on presentation in Financial Statements as per Revised Schedule VI and preparation of audit report
  • Worked on preparation of Form 3CD and related annexure for tax audit
  • Service Tax Certification

Education

US CPA -

American Institute of Certified Public Accountant (AICPA)

Executive -

Institute of Company Secretaries of India (ICSI)

Integrated Professional Competence Course (IPCC) -

Institute of Chartered Accountants of India (ICAI)

B. Com Hons. -

Delhi University

XII Standard (Commerce) -

Bal Bharati Public School (BBPS)

Skills

  • Tally
  • SAP Proficiency
  • Oracle
  • Experienced with Advanced MS Office Tools
  • Power BI Dashboard Development
  • Expertise in US GAAP
  • IFRS Expertise
  • SEC Compliance Knowledge
  • Lenders Financial Advisor (LFA)
  • Cash Flow Monitoring
  • Specialized Monitoring (ASM)
  • Financial Accounting & Administration
  • TRA Account Reconciliations
  • Risk Assessment
  • Year On Year Variance Analysis
  • Financial Statement Review
  • Financial Reporting
  • Decision-making

Personal Dossier

Music, Football, Basketball

Languages

English
Bilingual or Proficient (C2)
Hindi
Bilingual or Proficient (C2)
Punjabi
Bilingual or Proficient (C2)

Timeline

Assistant Manager - Finance & Audit

R.S & Co.
04.2020 - Current

Finance Officer

Power Finance Corporation Consulting Limited (PFCCL)
01.2019 - 03.2020

Audit Executive

Ernst & Young (GDS)
12.2017 - 03.2018

Senior Associate

Deloitte Haskins & Sells (DHS)
09.2011 - 09.2014

Executive -

Institute of Company Secretaries of India (ICSI)

Integrated Professional Competence Course (IPCC) -

Institute of Chartered Accountants of India (ICAI)

B. Com Hons. -

Delhi University

XII Standard (Commerce) -

Bal Bharati Public School (BBPS)

US CPA -

American Institute of Certified Public Accountant (AICPA)

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Karan Sareen (CPA)