Summary
Overview
Work History
Education
Skills
Accomplishments
Timeline
Generic
Pankaj Pahwa

Pankaj Pahwa

New Delhi

Summary

  • A results-driven professional with over sixteen years of diversified experience encompassing US GAAP and IFRS based accounting & reporting, regulatory & management reporting, financial planning & analysis, FX exposure management and designing a risk & control framework for financial processes.
  • Proven track record of collaborating with multiple business partners and senior leadership across locations to optimize processes for resource utilization and process transformations.
  • Effective project management skills have been acquired through various projects, such as process redesigns, Six Sigma Green Belt certification, process transitions (remote and onsite), system implementations, etc.
  • Competent at handling and grooming teams to achieve desired performance levels, with over 13 years of experience in team handling.
  • An avid supporter of Diversity & Inclusion, I co-lead the Enable India chapter, focused on initiatives related to people with disabilities.

Overview

16
16
years of professional experience

Work History

Delivery Lead

AXA XL - Division of AXA Group
09.2017 - Current
  • Lead a team of 25+ professionals, having oversight on P&C Insurance segment reserves finalization in collaboration with the Actuarial teams and preparation of a detailed walk from actuarial reserves to finance ledger balances.
  • Manage global insurance P&L analysis, including loss ratio assessment and full balance sheet reconciliations of claims reserves.
  • Managing Holding & Service companies accounting reporting & reconciliation functions including expense analysis, financial statement finalization, debt accounting, and insightful BS & P&L commentaries.
  • SME for fixed asset accounting, lease accounting (IFRS 16), long-term equity & deferred compensation accounting for the organization. Acting as a catalyst between various operations teams (such as HR, workplace, etc.) and local entity controllers by providing support in key areas such as the computation of accurate expense booking, the preparation of annual footnotes, and facilitating audit requests, etc.
  • Participate in the annual expense planning cycle for fixed assets, leases, and employee deferred compensation in collaboration with multiple stakeholders to finalize the forecasted expenses and subsequent budget to actuals variances anaylsis.
  • Lead the submission of reports for UK and Bermuda statistical reporting.
  • Key contributor to global finance projects: Legal entity simplification, SAP subledger implementation for fixed assets etc.
  • Facilitating statutory, internal, and SOX audits at both divisional and local entity levels, ensuring compliance and financial integrity.
  • Reviewing the risk and controls framework for Fin Ops and identifying opportunities to enhance the effectiveness of controls.

Service Delivery Leader

American Express
05.2009 - 09.2017
  • FX exposure identification and analysis for identifying FX exposure arising from non-card foreign currency transactions to ensure adequate FX hedging across AXP.
  • Lead segment balance sheet analytics to facilitate leadership review and attestation through detailed variance analysis and commentary, including designing new reporting packages to cater to evolving requirements.
  • Support global SMEs in the preparation of footnotes in accordance with the US GAAP financial statements for investments, goodwill and intangibles, customer deposits, and accounts receivables, which involve data consolidation and the preparation of a footnote slide, including variance commentary.
  • Entity Submission and Consolidation, a sub-process, is responsible for the preparation, validation, and consolidation of legal entities' reporting submissions to support AXP SEC and US regulatory reporting filings.

Education

Chartered Accountant -

Institute of Chartered Accountants of India
11.2008

B.Com (H) - Delhi University

Delhi Collage of Arts and Commerce
01.2005

Skills

  • Financial Close & Reporting (IFRS)
  • Insurance Technical Accounting
  • Financial Planning, Budgeting & Variance Analysis
  • Statutory & Regulatory Reporting
  • Process Transformation & Re-engineering
  • Project Management
  • Stakeholder Management, Effective People Leadership & Interpersonal Skills
  • Internal Controls Design & SOX Compliance
  • Tools: MS applications (Excel, Word & Power Point), Oracle, SAP Fixed Asset Sub ledger

Accomplishments

  • Received Six Sigma Green Belt certification for successfully streamlining and rationalization of entity submissions process for entity 1223 during my stint with American Express.
  • Participated in multiple system implementations across organizations in collaboration with various teams such as IT, Accounts Payable, Legal Entity Controllers etc.
  • Designed and implemented multiple process enhancement initiatives to improve the overall efficiency and effectiveness of the processes resulting in FTE optimization and reduced reporting timelines. .
  • Co lead the design, implementation and stabilization of the centralized Entity Submissions process in India resulting in significant efficiencies and enhanced controls to support AXP SEC and Regulatory Reporting filing.
  • Transitioned multiple processes from onsite locations to India operations.

Timeline

Delivery Lead

AXA XL - Division of AXA Group
09.2017 - Current

Service Delivery Leader

American Express
05.2009 - 09.2017

Chartered Accountant -

Institute of Chartered Accountants of India

B.Com (H) - Delhi University

Delhi Collage of Arts and Commerce

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Pankaj Pahwa