Nikhil Chaudhary
Mumbai
Summary
Legal Entity Controller with 11+ Years of Success in Financial Reporting, Regulatory Reporting and Risk Assessment. Result oriented finance professional with experience in product and legal entity control roles. Looking to join a company to utilize these skill sets in the best possible way.
Overview
11
11
years of professional experience
1
1
Certification
Work History
Assistant Vice President, Legal Entity Controller
CITI Group Limited
04.2023 - Current
- Leading a team of Controllers handling P&L adjustments, financial reporting & regulatory reporting for 12 US & EMEA entities.
- Preparation of recurring and ad hoc adjustments entries related to US GAAP and IFRS.
- Preparing Monthly/Quarterly Financial reports for these entities, thereby assisting in liquidity calculations.
- Assisting in local regulatory reporting by preparing regular LCR/NSFR reports for all entities.
- Regular connect with Regional and US Treasury team to assess the impact of changes in these reports and also presenting these findings to Central management.
- Drive automation by using tools such as Alteryx,Tableau, Knime and Power BI in our process to make them more robust.
Assistant Vice President, Legal Entity Controller
J P MORGAN CHASE
04.2020 - 03.2023
- Preparing Balance Sheet projections for 16 entities in APAC region and presenting them in monthly/quarterly meetings and making sure calculations are in line with expectations.
- Booking IFRS related adjustment entries for all ASIA legal entities in the general ledger.
- Preparing Proforma Income Statement and Balance Sheet presenting it to senior management.
- Preparing Hong Kong & Malaysia Recovery Plan. Annual recovery plan highlighting all financials and recovery options in case of emergency or liquidity crisis are presented. All intercompany transfers and allocations are also reported in this plan. This is presented to location MD and other senior management.
- Performing monthly and quarterly financial reporting for these entities.
Associate, Controller
Goldman Sachs
07.2016 - 04.2020
- Calculating weekly/monthly revenue for margin lending business which provides business lending to HNI clients. Preparing P&L statements and booking revenue and expenses in the ledger for these.
- Placement fees revenue recognition and allocation. Interacting with various external fund managers and booking placement fee for the firm and preparing its financials and monthly presentation to senior management.
- Preparing monthly detailed analysis report of revenue and balances for senior management. Reconciling payments made to sales representatives for bringing investments from HNI clients in GS managed funds.
- Analyzing commissions earned by PWM sales representatives across regions and products. Preparing a monthly report on the same for management.
- Assets and Net Sales tie-out for firm's financial reporting purpose. Assets are verified on sample basis monthly including cash; variances are analyzed and reported monthly.
- Worked varied hours, days, nights and weekends as business needs dictate.
Senior Analyst, Controllers Division
HSBC
07.2014 - 05.2016
- Accounting and Valuation of Hedge Funds operating in APAC and Europe. Booking all transaction level entries in the Geneva platform and reconciling with client data.
- Calculating relevant fees and Net Asset Value for funds. Also calculate management & performance fees.
- Preparing monthly financial statements of hedge funds and performing tolerance checks. Present the reports for statutory meetings and comply with reporting standards of every region.
- Evaluated transactions and reporting for adherence to applicable regulatory guidelines and data integrity.
- Maintained close watch on financial and operational performance of different funds and made proactive adjustments to keep portfolios in conformance with plans.
Education
MBA -
ICFAI Business School
Hyderabad04.2013
Bachelor of Commerce -
ST. Xavier's College
Kolkata04.2011
Skills
- Financial Analysis
- P&L and B/S Reporting
- Regulatory Reprorting
- Liquidity Analysis
Certification
CFA
Alteryx Black Belt,
Ignite pad Automation Tool,
Tableau Dashboard
Languages
English
Bilingual or Proficient (C2)
Hindi
Advanced (C1)
Bengali
Upper intermediate (B2)
Timeline
Assistant Vice President, Legal Entity Controller
CITI Group Limited
04.2023 - Current
Assistant Vice President, Legal Entity Controller
J P MORGAN CHASE
04.2020 - 03.2023
Associate, Controller
Goldman Sachs
07.2016 - 04.2020
Senior Analyst, Controllers Division
HSBC
07.2014 - 05.2016
MBA -
ICFAI Business School
Bachelor of Commerce -
ST. Xavier's College
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