Summary
Overview
Work History
Education
Skills
Certification
Other Work
Hobbies
Marital Status
Personal Information
Languages
Timeline
Generic

Prachi Machivale

Dombivali

Summary

Qualified Chartered Accountant demonstrating high level of ownership and initiative. Possessing exceptional work ethic and desire to go above and beyond to exceed company expectations. Offering knack for building productive working relationships. Successful in fast-paced, deadline-driven environments to manage goals and team development. History of thriving in team-oriented environments.

Overview

9
9
years of professional experience
1
1
Certification

Work History

Manager I - Derivative Trade Validation Team

ICICI BANK LIMITED
MUMBAI
11.2021 - Current
  • 1. Proficient in back-office operations, specializing in derivative product validation and ensuring regulatory reporting and compliance for all derivative trades.
  • Facilitate the exchange of derivative trade confirmations with both interbank and corporate counterparties.
  • Demonstrate adept interpersonal communication skills when liaising with interbank counterparties to ensure compliance with regulatory requirements.
  • Lead training initiatives aimed at enhancing team proficiency in derivatives and merchant products, fostering a culture of strong teamwork.
  • Spearhead the automation of trade validation processes through internal software, effectively eliminating manual errors and streamlining end-to-end software utilization.
  • Oversee regulatory reporting of domestic and international trades across respective reporting wings, ensuring adherence to regulatory mandates.
  • Possess an exceptional command of treasury applications and internal automations, optimizing operational efficiency and effectiveness.

Accounts and Taxation Manager

SSKCON Groups
MUMBAI
06.2019 - 11.2021
  • Spearheaded the preparation of comprehensive Profit & Loss reports and financial statements, furnishing critical insights to facilitate informed decision-making by senior management.
  • Orchestrated collaborative efforts with accounting counterparts to optimize reconciliation processes, accuracy and efficiency across financial operations.
  • Directed the compliance of GST returns and audit reports, ensuring seamless adherence to regulatory frameworks through proactive engagement with tax authorities.
  • Conducted thorough evaluations of budgetary plans and expenditure trends, furnishing strategic recommendations to enhance organizational financial performance.
  • Provided authoritative consultation on diverse tax matters, delivering tailored guidance and support to stakeholders.
  • Exercised unwavering diligence in preserving the confidentiality of sensitive customer information, ensuring impeccable accuracy in all financial transactions.

Articled and Audit Assistant

M/s. Vaishampayan and Padhye, Chartered Accountants
THANE
02.2015 - 02.2018
  • Conducted internal and concurrent audits for a diverse portfolio of Scheduled, Co-operative, and Nationalized Banks, ensuring regulatory compliance and operational integrity.
  • Led comprehensive revenue, head office, and statutory audits across various financial institutions, providing strategic insights to enhance financial performance and mitigate risk.
  • Played a pivotal role in the IT Procurement Team at Axis Bank Ltd.
  • Executed thorough retail asset audits at prestigious institutions such as Saraswat Co-op Bank Ltd and IDBI Bank and various Co-Op Bank.
  • Reviewed and enhanced internal accounting and audit controls for a wide range of businesses, including Lamboder Recyclers Pvt Ltd, Gas agencies, Petroleum dealers, and Chemists.
  • Provided invaluable support in the preparation and filing of various tax-related documents, including Income Tax Returns, Tax Audit Reports, VAT Audit Reports, GST Audit Reports, and TDS Compliance reports, demonstrating a meticulous attention to detail and adherence to regulatory requirements.
  • Assumed responsibility for office administration duties, including staff training and development, fostering a culture of continuous improvement and professional growth.
  • Conducted rigorous research on accounting and tax data, adhering to established schedules and performance expectations, to inform strategic decision-making and ensure regulatory compliance.
  • Managed the full accounting cycle, from data entry to financial statement preparation, with a focus on accuracy, transparency, and adherence to industry best practices.

Accounting Assistant

Sarvagya Jain, Upwork
  • Expenses categorization for US Client using Wave Apps
  • Bank Reconciliation and Accounts Classification for the US Client.

Education

Bachelor of Commerce -

Mulund College of Commerce, Mumbai
06.2016

Higher Secondary Certificate (HSC) -

Mulund College of Commerce, Mumbai
06.2013

Secondary School Certificate (SSC) -

Mahila Samiti English High School, Thakurli
06.2011

Chartered Accountant -

The Institute of Chartered Accountant of India

Skills

  • Derivatives and FX Markets
  • Regulation of Trades Cycle
  • Proficient in MS Word and MS Excel
  • Problem solving
  • Accounting and Management
  • Taxation Expert
  • Banking Industry Experience
  • Quick Learner and Self-reliant
  • Office Administration
  • Proficient in Technology
  • Team Leadership

Certification

  • Information Technology Training - ICAI (2014)
  • Orientation Programme - ICAI (2014)
  • General Communications and Management Skills - ICAI (2016)
  • Advanced Communication and Management Skills - ICAI (2021)
  • Diploma in Leadership Management (2021)
  • Complete Financial Analyst (Undergoing)
  • Entrepreneurship Development (Undergoing)

Other Work

Teacher and Guider for subjects such as Accounts, Costing and Taxation

Hobbies

Music, Dancing and Photography

Marital Status

Unmarried

Personal Information

  • Title: CHARTERED ACCOUNTANT
  • Date of Birth: 02/16/96

Languages

Marathi
First Language
English
Upper Intermediate (B2)
B2
Hindi
Advanced (C1)
C1

Timeline

Manager I - Derivative Trade Validation Team

ICICI BANK LIMITED
11.2021 - Current

Accounts and Taxation Manager

SSKCON Groups
06.2019 - 11.2021

Articled and Audit Assistant

M/s. Vaishampayan and Padhye, Chartered Accountants
02.2015 - 02.2018

Accounting Assistant

Sarvagya Jain, Upwork

Bachelor of Commerce -

Mulund College of Commerce, Mumbai

Higher Secondary Certificate (HSC) -

Mulund College of Commerce, Mumbai

Secondary School Certificate (SSC) -

Mahila Samiti English High School, Thakurli

Chartered Accountant -

The Institute of Chartered Accountant of India

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Prachi Machivale