Summary
Overview
Work History
Education
Skills
Timeline
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Pawan Kumar Swami

Financial Analyst
Pune,MH

Summary

Highly effective financial executive with over 13 + years of experience specializing in finance and operations (Consolidation, IFRS, financial statements, financial Planning, budgeting & forecasting) Insurance experience including IFRS closing life & saving and property & casualty, reconciliation, solvency 2 regulatory reporting, US GAAP closing and reporting for universal music group, GE capital SEC reporting, Bank, cash and other Balance sheet reconciliation for GE Money and regulatory reporting, ERP experience of SAP, Oracle, Hyperion and Invoke for solvency 2 Regulatory reporting and consolidation tool. Experience of Team management to tackle challenging accounting and systems issue leading to successful implementation. Experience in strategic consulting, process improvement roles, comparable financial analyst role, experience in Six Sigma and Lean methodologies.

Overview

14
14
years of professional experience
6
6
years of post-secondary education

Work History

Associate Manager (People Lead) - F&A AXA France

Axa Business Services
Pune
04.2016 - 03.2025
  • Responsible for Consolidation of multiple legal entity data for the group consolidation reporting
  • Responsible for technical domain quarterly close including the preparation of the financial reporting package for Solvency 2
  • Preparing Local Financial Management Reports, Statutory Reports and Regulatory Reports – checking that report templates are updated for latest release, sending reports (including ad-hoc) and documented issues to local team
  • Identifying process efficiencies and drive process improvements
  • Making updates and amendments to process documentation
  • Planning follow-on (monitoring of closing activities to ensure progress against schedule) – update status of closing in Central Tool
  • Performing Period End Activities - Execute P&L allocation, Execute Balance Sheet segmentation, Post revaluation entries, Revaluate P&L account at closing date
  • Performing Post-Closing Activity like balance carry forward etc
  • And ensuring that the task has been done accurately
  • Performing reconciliation between outcomes of two accounting systems to ensure that there is sync between these systems and making necessary adjustments if any to ensure that these systems are replicating each other
  • Create & distribute daily Bank reconciliation report to dealership office managers
  • Work with dealership management on resolving outstanding Bank related issues
  • Actively inform clients of new developments and provide status updates
  • Training new team members & reviewing their work
  • Working on Solvency 2 Pillar 3 the most crucial regulatory reporting requirements for Insurance Industries in France
  • Continuous follow up and discussions with onshore customers to update on the progress of reconciliations and the impact if any as a result of identified breaks
  • The work involves extensive use of SAP ERP FICO Module and SAP Business Objects along with eloquent use of MS-Excel and MSWord
  • Managing Operationally team of 5 people and responsible for overseeing day-to-day operations of the team, distributing the workload evenly amongst the staff and making sure motivation and performance level are maintained
  • Migration for AXA France of 3 Months from onsite location (Paris, France) for IFRS closing activities, consolidation and Solvency 2
  • Best Team Award and got excellent feedback from partners for proactive approach and quality of work
  • Innovation Award – In H1’2017 for building the MJE template to ensure robust control in place of post any control of Journal entry
  • Best Performance Award – timely deliverables of multiple domains in AXA France, L&S for IFRS closing and Solvency 2 Reporting
  • Best Trainer Award – Best knowledge of insurance industry, Copernic and followed by the tools and applications
  • Appreciation certificate from AXA France Partners for continues effective deliverables and knowledge of solvency 2 subject

Assistant Manager – F&A UMG US

WNS Global Services
Mumbai
01.2015 - 04.2016
  • Liaising with product controllers along with the accounting policy groups to derive a standardized approach for accounting of financial products
  • To understand the Business model, validate the financial rules and ensure the specifications are correct
  • Prepare Monthly Bank reconciliation for daily operating bank accounts for 15 branches in 8 states
  • Preparing joint ventures of Expected Results with the Actual Results and to do RCA for any kind of discrepancy
  • Preparing Adjustment journal for the difference between SAP data (Actual) and Bex Data (Desired), open item management
  • Interacting with the client for requirement gathering, designing and reporting
  • Bridging the gap in domain understanding between the client and technical team, Identifying areas for automation
  • Deferred revenue bookings and licensing to other legal entities
  • Working on project related to deferred revenue open item clearing
  • Balance sheet reconciliation and journal related to Month end close
  • Prepare deck for weekly calls with client
  • Handling team of 3 members and ensuring team members are prioritizing their work and duties appropriately

Process Specialist

Infosys (Hudson, F&A)
Jaipur
08.2014 - 12.2014
  • Accounting for Fixed Assets Which Includes Addition, Disposal, Repair, Replacement, Depreciation and Revaluation
  • Preparation of monthly fixed schedule and process necessary journal entries for fixed assets
  • Calculations of Corporate Allocation charges and intercompany them to Asia pacific countries
  • Prepare Preliminary and Final Intercompany (IC) reconciliations between assigned entities and other related entities in the group and send to their respective counterpart for agreement
  • Prepare Accruals and Amortization for Bonus, Commission, Marketing, Promotional, Staff etc
  • And process Journal entries
  • Process Journals entries to book the Operating Expenses (Opex) & Capital Expenses (Capex) in prepaid account and charge them to their respective expense code as and when they occur
  • Daily and weekly cash flow Reporting
  • System Reconciliation between oracle and Hyperion
  • Compilation of Account Reconciliation and Schedule for all Balance Sheet Accounts

Process Developer

Genpact (Ge Capital Italy, F&A)
Jaipur
02.2011 - 08.2014
  • Responsible for GE Money Italy operations for Closing & Reporting
  • I was responsible for smooth closing and supervising activities like GL Edit Checks, Affrecs, DI Check and various bookings and also represented offshore team on close call
  • Preparation & analysis of Balance Sheet GEM for multiple Legal Entities with explanation of balances& YTD movements
  • Balance Sheet size was$6.5 Billion
  • After finalizing numbers first need to report out BS to Global Controller of Italy and after review, we further submit it to HQ and also answer the questions from HQ if required
  • Apart of BS there were multiple OTC schedules which we used to prepare and report out to HQ on quarterly basis
  • I was also contributing for timely completion of reconciliations of all balance sheet categories Quarterly & monthly Reconciliations as per US GAAP of Accounts like – Intercompany A/c’s, Portfolio A/c’s, Long Term & Short Term Liabilities, PP&E A/c’s, &short term Asset A/c’s
  • Bank and GL analysis of all the treasury bank accounts at corporate level
  • Analysis of monthly trial balance summary and reporting the high driver variance listings
  • Monitoring on resolution of Open items of above mentioned reconciling accounts
  • Organized knowledge sharing sessions with Onshore team to educate them on Systems & GE Accounting Concepts
  • Reporting various submission for Loans, current account and Currency Translation Account
  • Management Award - For actively working on project of Dormant LE clean-up, we have cleaned 65 dormant LE’s
  • Customer Award: For winning the GE world cup for Best project, also team got gold award for the same
  • Silver Award: Appreciated by country controller and business controller on doing flawless and accurate reporting
  • Bronze Award: 3 bronze awards for hard work, dedication and giving best lean of Auto reversals of MJE’s and Automation of BSA headings (Time saver Idea) among team
  • Achievements from the job: Received customer appreciation several times for satisfying them by providing with timely & accurate Reports & reverts & in turn receiving appreciations from them for performance
  • Lean Trained, Tested & Certified
  • Standardized categories of Balance sheet at capital Italy level for multiple BS categories for accurate reporting to HQ

Education

MBA - Finance

IGNOU
Jaipur, India
06.2010 - 06.2012

M.Com -

University of Rajasthan
Jaipur, India
06.2010 - 06.2011

BBA -

MNIAS
Bikaner, India
06.2006 - 06.2009

Skills

  • SAP HANA

  • Oracle

  • Hyperion

  • HFM

  • BO/BW

  • Invoke

Timeline

Associate Manager (People Lead) - F&A AXA France

Axa Business Services
04.2016 - 03.2025

Assistant Manager – F&A UMG US

WNS Global Services
01.2015 - 04.2016

Process Specialist

Infosys (Hudson, F&A)
08.2014 - 12.2014

Process Developer

Genpact (Ge Capital Italy, F&A)
02.2011 - 08.2014

MBA - Finance

IGNOU
06.2010 - 06.2012

M.Com -

University of Rajasthan
06.2010 - 06.2011

BBA -

MNIAS
06.2006 - 06.2009

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Pawan Kumar SwamiFinancial Analyst