Summary
Overview
Work History
Education
Skills
Accomplishments
Personal Information
Timeline
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Parul Rayat

Parul Rayat

Chartered Accountant

Summary

As a Chartered Accountant with five years of professional experience in the accounting and finance industry, I bring a strong analytical mindset and attention to detail. I am adept at auditing, financial forecasting, budgeting, and managing complex financial records across diverse industries. My proactive problem-solving abilities, combined with my organizational skills, enable me to excel in meeting tight deadlines. Currently, I serve as a Manager in the Assurance- FAAS at E&Y, where I leverage my expertise to deliver exceptional financial advisory services. Currently based in India, Available to relocate to Dubai with one month notice period.

Overview

11
11
years of professional experience
2050
2050
years of post-secondary education
2
2
Languages

Work History

Manager

E&Y
02.2023 - Current
  • Experience of managing teams and working approximately 3+ engagements simultaneously
  • Reviewed financial statements for compliance with IFRS and local regulations, resolving complex financial reporting issues for over 10+ companies related to hospitality, Consulting and Telecom Industries.
  • Implemented and advised on IFRS 9, 12, 15, and 16, providing strategic financial recommendations.
  • Assist with drafting accounting memoranda and accounting conclusions on consolidation issues, including, but not limited to the following areas: deferred tax, Revenue from Contracts and Financial Instruments.
  • Accelerating the consolidation process and reducing the closing timings
  • Experience in the areas of Internal Controls over Financial Reporting, Identified risks and control weaknesses in financial reporting processes and creating mitigation strategies.
  • Assisted in ensuring compliance with Sarbanes-Oxley Section 404 requirements related to internal controls over financial reporting.
  • Managed key client relationships, functioning as the primary client advisor to ensure exceptional service.
  • Assisted in audit engagements for multinational clients in financial services and ensuring IFRS compliance in Hospitality, Consulting and telecom industries.
  • Acted as the primary point of contact for audit matters, offering tailored recommendations to enhance financial reporting and internal controls.
  • Implemented audit process improvements, achieving a 15% reduction in completion time through automation and workflow optimization.
  • Collaborated with the due diligence team on a U.S.-based Consultancy company, carving out financials for investors review.

Senior Executive

KPMG LLP
08.2019 - 02.2023
  • Supported the preparation of financial statements and participated in client meetings, discussing key audit findings, management concerns, and potential solutions
  • Worked with teams to identify process inefficiencies and implement corrective actions to improve client financial reporting accuracy
  • Gained exposure to IFRS 9, IFRS 12 & IFRS 16 implementation and client advisory
  • Worked closely with senior auditors to perform substantive testing, analytical reviews, and fieldwork, ensuring all audit objectives were met
  • Revenue Assurance - Create and maintain regular reports on revenue assurance performance, highlighting issues such as billing discrepancies, revenue leakage, and unrecognized revenue

Intern

E&Y
12.2017 - 04.2018
  • Building independent business valuation models for Fair Value Testing - using both Discounted Cash Flow and Market Approach
  • Involved in Mergers & Acquisitions and aspects related to corroborative and independent Valuation of equity of PE Funds for their financial reporting purposes
  • Assisted in building financial models for budgeting, forecasting, and scenario planning

Intern

ORIX AUTO INFRASTRUCTURE SERVICES PVT LTD
07.2014 - 02.2017
  • Involved in evaluating and implementing internal controls, risk management frameworks, and corporate governance structures for business
  • Accuracy and dependability of financial and management reporting
  • Compliance with laws
  • Consistency and trustworthiness of financial and management reporting
  • Validation of processes and development of Standard Operating Procedures (SOPs)

Education

Chartered Accountant -

INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
01-2018

Bachelor in commerce - undefined

DELHI UNIVERSITY

Senior Secondary -

Holy Innoncents Public School
India
04.2001 - 01.2017

Matric -

New Delhi Public School
India
04.2001 - 01.2017

Skills

  • INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)

  • MS OFFICE PROFICIENT

  • EXPERTISE IN POWER BI

Accomplishments

  • Led the preparation of monthly, quarterly, and annual financial statements in compliance with GAAP/IFRS, contributing to timely and accurate financial disclosure to stakeholders.
  • Played a key role in ensuring the company’s compliance with the Sarbanes-Oxley Act (SOX), resulting in positive audit results and reducing the time to prepare for external audits by 20%.
  • Reduced month-end closing process from 10 days to 5 days by introducing new workflows, enhanced communication, and optimizing accounting software.
  • Mentored a team of junior accountants, providing training that increased their efficiency and technical knowledge, resulting in an improvement in team performance and employee retention.

Personal Information

Nationality: Indian

Timeline

Manager

E&Y
02.2023 - Current

Senior Executive

KPMG LLP
08.2019 - 02.2023

Intern

E&Y
12.2017 - 04.2018

Intern

ORIX AUTO INFRASTRUCTURE SERVICES PVT LTD
07.2014 - 02.2017

Senior Secondary -

Holy Innoncents Public School
04.2001 - 01.2017

Matric -

New Delhi Public School
04.2001 - 01.2017

Bachelor in commerce - undefined

DELHI UNIVERSITY

Chartered Accountant -

INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA

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