Summary
Overview
Work History
Education
Skills
Websites
Certification
Awards
Personal Information
Affiliations
Timeline
Generic
Prachi Bhagat

Prachi Bhagat

Delhi

Summary

Accomplished finance professional with over eight years of progressive experience in Record to Report (R2R), statutory financial reporting, and regulatory compliance, including deep expertise in NAIC standards. Demonstrated success in streamlining financial close processes, enhancing internal controls, and delivering accurate, audit-ready financials within tight deadlines. Skilled in leading cross-functional teams and driving strategic process improvements that improve reporting accuracy, operational efficiency, and compliance readiness. Recognized for strong analytical acumen, stakeholder management, and a proactive approach to continuous improvement in fast-paced, highly regulated environments.

Overview

8
8
years of professional experience
1
1
Certification

Work History

Lead Assistant Manager

EXL India
01.2024 - Current
  • Supported senior managers with day-to-day operational requirements.
  • Coordinated employee schedules to provide adequate staff coverage.
  • Supported recruiting, training, and professional development efforts.
  • Handled escalating problems to improve customer relations, maintain brand loyalty and recapture lost revenue opportunities.
  • Led financial reporting, compliance, and reconciliation processes for key clients.
  • Managed a team of 6 in executing month-end and quarter-end close processes, ensuring timely and accurate financial reporting.
  • Oversaw SLA adherence, maintained task trackers, and facilitated regular communication with stakeholders.
  • Led team performance management, setting clear goals, providing mentorship, and driving process improvements through training initiatives.
  • Conducted detailed reconciliations of investment schedules, exhibits, notes and GI's, ensuring compliance and financial transparency.
  • Managed the end-to-end R2R cycle, ensuring accuracy in financial statements and adherence to NAIC standards.
  • Oversaw quarter-end and year-end closing processes, ensuring timely and accurate financial submissions.
  • Implemented process improvements to enhance operational efficiency and reduce reporting errors.
  • Collaborated with internal and external stakeholders to ensure compliance with financial policies and regulations.
  • Provided strategic insights and recommendations to senior management based on financial data analysis.
  • Led a team, providing training and guidance to improve team performance and knowledge.
  • Maintained a tracker for process activities, including SLAs and contact areas, prior to quarter-end, to ensure timely tracking and completion of all tasks.
  • Reviewed end-to-end process activities during quarter close to ensure compliance with NAIC instructions before final reporting.
  • Managed invoice processing and state survey components of the Blue Book, along with maintaining tracking files and allocation records.

Assistant Manager

EXL Service Pvt. Ltd.
01.2021 - 01.2024
  • Company Overview: Working as Assistant Manager; for one of the Fortune 100 companies of US, an Insurance Sector client
  • Leading highly enthusiastic and talented team of 6 members; working very closely with key stakeholders, daily and weekly status calls and making sure timely SLA adherence.
  • Responsible for team performance management, making sure clear goals to achieve, leading by example, drive team learning path with internal training and process improvement identification and execution.
  • Reconciliations of Investment Schedules, Exhibits and Notes.
  • Update Wings.
  • Analysis and reporting.
  • Invoice Processing.
  • SOP's management.
  • Quarter close of Stat Reporting.
  • Footnotes.
  • General Interrogatories.
  • Maintain task trackers.
  • Worked on remote transitions.
  • Working as Assistant Manager; for one of the Fortune 100 companies of US, an Insurance Sector client

Process Developer

Genpact India
01.2019 - 01.2021
  • Company Overview: Worked as Process Developer, for one of the Fortune 100 companies of US, a Healthcare Insurance Sector client
  • Preparation of Journal Entry.
  • Preparation of Crosswalk.
  • Analysis and reporting for performance measurement of business segments.
  • Analyzing variance in Income Statement and Balance Sheet on quarterly basis.
  • Closing books of accounts on quarterly basis based on US STAT Reporting.
  • Working on statutory requirement.
  • Claims Analysis.
  • Notes to financial Statement.
  • Preparing monthly and quarterly reconciliations of balance sheet in ARM.
  • Accounts and updating it on PeopleSoft & Wings.
  • Comparison of GAAP ledger and STAT ledger.
  • Statutory Filing - Health Insurance/Orange Book.
  • Working under strict timelines and completing assignments with no errors.
  • Frequent interaction with the US client on various work plans and deliverables to meet SLA.
  • Proficient in using Ms Excel, Workiva, working on systems like, Oracle, ARM, PeopleSoft etc.
  • Assisting the team in the monthly and quarterly closing process.
  • Preparation of SOP.
  • Team handling.
  • Working on templates.
  • Working on 200+ Balance sheet recommendation under strict timelines.
  • Worked as Process Developer, for one of the Fortune 100 companies of US, a Healthcare Insurance Sector client

Account Executive

Global Era Solution Pvt. Ltd.
01.2017 - 01.2019
  • Cheque issues resolution.
  • Billing process.
  • Bank Reconciliation Statement.
  • Purchase Order.
  • Ledger.
  • Service Report.
  • File Processing.
  • Payments.
  • Sale Invoice.
  • Vouchers.
  • Maintain ledger Book.
  • Accounts Receivable / Payable.

Education

M.Com -

BBSPU
Uttar Pradesh
01.2016

Skills

  • Record to Report (R2R) process management
  • Financial reporting & analysis
  • Compliance & NAIC adherence
  • Experience in Blue Book, Green book, Orange Book and Yellow Book STAT Report of NAIC
  • Client relationship management
  • Leadership & team management
  • Process improvement & automation
  • Stakeholder communication
  • GAAP, STAT & IFRS working experience and knowledge
  • Month-end, quarter-end & annual closing
  • Effective leadership & team management
  • Customer engagement & operations management
  • Strategic financial planning & management
  • Advanced MS Office proficiency
  • Workiva & Wings (SOVOS)
  • Reconciliations of Investment Schedules, Exhibits
  • Notes and General Interrogatories
  • Oracle ERP R12, STAT Tool (Cloud Based), Black Line and Peoplesoft
  • Financial Statement Analysis (FSA)
  • Experience in remote Transition and management of newly formed process
  • Tally ERP9
  • Extensive knowledge and experience in month-end, quarter-end, and annual close processes

Websites

Certification

CCC (Course on Computer Concepts), Valid through lifetime

Awards

  • Multiple Rock star award for the process and operations.
  • Various appreciation awarded for giving lean ideas for process improvement and automation.

Personal Information

  • Gender: Female
  • Nationality: Indian

Affiliations

  • Dance, Cooking, Mindfulness, travelling.

Timeline

Lead Assistant Manager

EXL India
01.2024 - Current

Assistant Manager

EXL Service Pvt. Ltd.
01.2021 - 01.2024

Process Developer

Genpact India
01.2019 - 01.2021

Account Executive

Global Era Solution Pvt. Ltd.
01.2017 - 01.2019

M.Com -

BBSPU

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Prachi Bhagat