Parna Raval
Chartered Accountant
Bengaluru
Summary
Proven CFM Senior Analyst with a track record of strategic financial guidance and core value creation at Accenture. Excelled in client management and advanced Excel, driving significant savings and optimizing costs. Awarded for outstanding performance, demonstrating exceptional communication skills and financial acumen.
Overview
7
7
years of professional experience
Work History
CFM Senior Analyst
Accenture
05.2024 - Current
- Act as the primary financial advisor for senior client executives, providing strategic financial insights and guidance.
- Working for a client that is leading retailer of personal care and home fragrance product that collaborated with Accenture to modernize, transform and simplify its core digital and technology platforms and elevate the brand and leverage the latest technologies in digital, MarTech, AI and generative AI (gen AI) to drive growth. This portfolio generates revenue of ~ $41M FY revenue.
- Received Encore Award at Accenture for Core Value Creation.
- Lead the financial management team, ensuring alignment with Accenture's financial policies and standards.
- Oversee financial planning, budgeting, and forecasting processes for client accounts in Accenture.
- Leverage technology and automation to streamline financial processes and reporting.
- Preparation of quarterly Internal control checklists to ensure the financials are compliant as per the accounting policies.
- Collaborate with cross-functional teams, including operations, Delivery leads,commercial director, Client group and finance leads,procurement, and contracts and legal team, to ensure cohesive financial management.
- Conducted a training session for Client/Delivery leads to help them develop the knowledge about pricing the deal and create different scenarios to negotiate with the client.
- Focused on reduction of DSO (Days Sale Outstanding) resulting in savings in capital charges due to aging receivables.
- Overseeing and providing training to new team members on Accenture tools and policies.
- Implement cost control measures and identify opportunities for cost optimization.
- Revenue and expense recognition of all customer contracts by U.S. GAAP.
- Analyze financial performance and key metrics, identifying trends, variances, and areas for improvement.
- Accurately managing the backlog accuracy to show the true financial scenario of each contract.
CFM Analyst
Accenture
11.2021 - 04.2024
- Working as a part of Team involved in Management of client financials.
- Handling the account acquired by Accenture that provides loan origination software and electronic document management services in the United States generating a Revenue of ~$100M.
- Prepare detailed financial reports and presentations for Accenture Leaders and senior management thorough financial analysis to support client decision-making, including profitability analysis, margin analysis, and cost-benefit analysis.
- Analyze budget performance and provide insights on variances and trends with the help of automation tools developed by Accenture.
- Prepare a landing position monthly, quarterly and yearly for Accenture leadership to help them understand our growth margin, performance and areas of improvement.
- Ensure timely and accurate financial reporting in compliance with regulatory and management requirements.
- Assisted in pricing of new deals, reviewing them and ensured booking at margins accepted by Accenture.
Audit and Tax Executive
V Upadhaya & Co.
07.2021 - 11.2021
- Conducted Tax and Statutory Audit as per relevant Act, and prepared schedules/ annexures for Form 3CD report.
- Preparation and Filling of Income Tax Returns of Individual, Firm, HUF, Trust and Company.
- Preparation and Filling of TDS returns and other related work.
- Assisting in filling form 26QB for TDS U/s 194IA of Income Tax Act, 1961
- Provide guidance related to Advance Tax Payment to corporate and non-corporate entities.
- Performed physical verification of Fixed Assets.
- Preparation, review, and e-filing of various GST returns (GSTR 1, GSTR 3B) with necessary reconciliations.
Audit & Tax Associate
V Upadhyay & Co.
08.2017 - 08.2020
- Monthly and Yearly data entry work in Tally Software.
- Finalization of Accounting Books for the year end such as Clearing Suspense A/c, Ratio Analysis.
- Part of team performing Tax Audit and Statutory Audit.
Education
Gujarat Board, HSC
Ahmedabad, IndiaChartered Accountant -
The Institute of Chartered Accountants of India
Ahmedabad 04.2001 -
Bachelors of Commerce - Accounting With Specialization in Law
Ahmedabad University, HLIC
Ahmedabad 04.2001 -
HSC -
Gujarat Board
Ahmedabad, India 04.2001 -
SSC -
Gujarat Board, SSC
Ahmedabad, India 04.2001 -
Skills
Client management
Performance monitoring
Knowledge of business operations
Technical understanding
Data Analysis
Advanced Excel
Communication Skill
Financial Management
Budget Forecasting
Hobbies
Travel, Listening to music, Dancing, Cooking
Timeline
CFM Senior Analyst
Accenture
05.2024 - Current
CFM Analyst
Accenture
11.2021 - 04.2024
Audit and Tax Executive
V Upadhaya & Co.
07.2021 - 11.2021
Audit & Tax Associate
V Upadhyay & Co.
08.2017 - 08.2020
Chartered Accountant -
The Institute of Chartered Accountants of India
04.2001 -
Bachelors of Commerce - Accounting With Specialization in Law
Ahmedabad University, HLIC
04.2001 -
HSC -
Gujarat Board
04.2001 -
SSC -
Gujarat Board, SSC
04.2001 -
Gujarat Board, HSC