Parag Mahanta
Pune,Maharashtra
Summary
Highly ambitious Part-Qualified ACCA with over 6 years of experience in Auditing & Assurance and Accounting & Finance Practices. Possessing a tenacity that knows no restrictions, able to provide key analytical support to organizations across diverse sectors. Extensive technical knowledge and abilities span numerous sectors, including proficiency in IASs, IFRSs, and GAAP (including UK, US, and Indian GAAP). This expertise consistently facilitates utmost value addition to roles. Now seeking a change, eager to play a vital role in leveraging academic knowledge and practical experiences to become an invaluable asset to the organization.
Overview
6
6
years of professional experience
Work History
Senior II
EY GDS India LLP
10.2022 - Current
- Company Overview: Audit & Assurance
- Responsible for performing and leading wide range of US Statutory Audits, from the planning to the completion phase
- Monitored time and managed deadlines, by serving as a leader on communications with multiple engagement teams across globe
- Coordinating the engagements with client, with proven leadership skills and monitoring multiple teams with less Managerial Intervention
- Experienced in multiple sub sectors within Wealth & Asset Management like - Hedge Funds, Private Equity and Mutual Funds
- Responsible for risk assessment and significant decision making throughout the course of audit
- Played an integral role in providing coaching, guidance and timely feedback to the team members or peers throughout
- Performed wide range of projects collaborating with multiple teams; demonstrating creative thinking and continuous efforts for timely delivery of quality audit work
- Performed timely review of the work performed by the teams, ensuring necessary required compliances and regular discussions with the superiors on the status and exceptions noted
- Contributed towards the budget and ensuring improved profitability for the firm
- Coordination from Senior Managerial Persons including CEO & CFOs to Partners & Executive Directors, for ensuring timely completion of engagements and addressing significant issues
- Maintained clear communication channels among team members, facilitating efficient coordination during high-stress situations.
- Evaluated emerging trends in the field, staying current on latest advancements in sensing technology.
- Ensured safety compliance by following strict operational protocols and guidelines during all engagements.
Tax Consultant II
Deloitte Tax Services India Pvt. Ltd.
03.2021 - 10.2022
- Company Overview: International Accounting & Corporate Tax Services; Advisory Services
- Responsible for providing effective accounting, advisory, compliance and tax related services to multinational clients spread across EMEA region
- Prepared Financial Statements for numerous clients, like Pharma Clients, Consumer Entities, Treasury Entities, etc., keeping local GAAPs, law and compliances in consideration
- Liaising between the Audit team and the Management team for timely finalization of the financial statements
- Coordinating the projects, with the client and with the local Deloitte team for timely status discussion and escalated any discrepancies noted, also reviewed and tracked the data inflow required for the preparation
- Prepared compilation reports and deliverables, as part of the project completion procedures
- Assisted new team members for smooth transitioning by providing guidance and adequate trainings related to the tools used and firm's culture
- Responsible for completing IXBRLs for some EMEA Region clients
- Contributed to the automation for further development of the processes
- Monitored staffing and remained focal point of contact to the Partners, Directors and Senior Managers, on providing status reporting against plan, and assisted with the development of the strategy and the implementation of the operational plan
- Collaborated with clients to answer questions and provide advice on tax matters and achieve the best possible outcome.
Senior Analyst
PriceWaterhouseCoopers
06.2018 - 02.2021
- Company Overview: Auditing & Assurance
- Responsible for performing Statutory Audits, Group Reporting, Specified Procedure Audits, IFCFR and Tax Audits; from the planning to the completion
- Experienced in multiple sectors like manufacturing, service providing and software industries; like Fintech Companies (PCOAB Applicable), Energy and Manufacturing, FMCGs, etc
- Involved in risk assessment and significant risk decision taking matters
- Coordinating the engagements, with proven leadership skills and monitoring the teams with less Managerial Intervention
- Analyzed, researched, and reviewed all financial and accounting activities for major variances or accounting discrepancies, as well as ensuring compliances and assisted the client and the team managers in resolving the issue prior to the accounting period end
- Ensuring all the relevant 'Assertions' and applicable frameworks are being addressed during the Audit
- Prepared Reports and Deliverables; Audit Reports (for India Stat., Group Reporting and Specified Procedure Audits) and Appendix & Annexure (for Group Reporting & Specified Procedures)
- Assessed and reviewed the Going Concern Status and forecasted budgets by analyzing the cash flow projections of the clients
- Improved company efficiency with the development of key performance indicators and tracking metrics.
- Collaborated with cross-functional teams to identify areas of improvement, leading to increased operational effectiveness.
- Mentored junior analysts, fostering professional development while enhancing overall team performance.
Education
Association of Chartered Certified Accountants -
ACCA Part Qualified
LondonAssociation of Chartered Certified Accountant -
Advanced Diploma in Accounting & Business
London07.2019
Ness Wadia College of Commerce -
Bachelor of Commerce (Honors)
Pune05.2016
Skills
- Highly proficient in US, UK&I and Indian GAAP
- Highly proficient in IASs, IFRSs & ISAs
- High flair of understanding in Financial Statement Analysis
- Formulating Assurance and Financial Reporting Policies
- Quantitative & Qualitative analysis of critical financial data
- Number crunching skills
Languages
English
Bilingual or Proficient (C2)
Hindi
Bilingual or Proficient (C2)
Accomplishments
- Awarded with a short-term secondment to Dubai, UAE
- Received “Above and Beyond and Spot Award” multiple times from Associate Directors and Partners for proactive personality, commitment towards the client engagements and identifying significant issues
- Received “Client Appreciation” awards from multiple clients for multiple times, for the services provided and timely deliverables.
- Received various “Shout Outs” from Seniors for timely deliverables and exceptional services provided
- Received “Spot Awards” from Onshore Senior Managers for the work performed.
Timeline
Senior II
EY GDS India LLP
10.2022 - Current
Tax Consultant II
Deloitte Tax Services India Pvt. Ltd.
03.2021 - 10.2022
Senior Analyst
PriceWaterhouseCoopers
06.2018 - 02.2021
Association of Chartered Certified Accountants -
ACCA Part Qualified
Association of Chartered Certified Accountant -
Advanced Diploma in Accounting & Business
Ness Wadia College of Commerce -
Bachelor of Commerce (Honors)
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