Prakhar Kochar
Bikaner
Summary
Analytical Business Consultant with experience in project management, process improvement and financial analysis. Proven track record of successfully streamlining business operations and reducing costs. Adept at analyzing data to identify trends and developing strategies to improve efficiency.
Overview
7
7
years of professional experience
Work History
SENIOR BUSINESS CONSULTANT
ALLSTATE INDIA PRIVATE LIMITED
01.2023 - Current
- Risk-Based Process Improvement through Data Analysis: Analyzed data to identify and address risk factors within financial processes, resulting in improved risk management, enhanced efficiency, and supporting organizational growth.
- Streamlined External Investment Manager Onboarding: Assisted in reviewing and recommending improvements to the due diligence and onboarding process for external investment managers.
- Improved Derivatives Management: Audited the use of derivatives within the portfolio, identifying areas for improvement and recommending actions to mitigate risk.
- Strengthened Vendor Management: Assisted in the outsourcing process by developing methods to monitor vendor performance against KPIs and SLAs, ensuring accuracy and effectiveness.
- Advised on New Product Launch: Provided expert analysis and recommendations on potential issues and risks for a new direct-to-customer product launch.
- Enhanced Bank Loan Investment Instrument Processes: Conducted an audit to identify and address process issues and risks, resulting in improved controls and efficiency.
ASSISTANT MANAGER - STATUTORY AUDIT
DELOITTE HASKINS & SELLS LLP
04.2021 - 05.2022
- Internal Controls Design & Implementation: Led the design and implementation of robust internal controls for a large manufacturing firm, ensuring regulatory compliance.
- Operating Effectiveness Evaluation: Assessed the effectiveness of existing controls at a listed healthcare entity, providing actionable recommendations for improvement.
- Pre-IPO Audit (₹1.2 Billion): Conducted a special purpose statutory audit for a private company seeking an IPO valued at ₹1200 crore, focusing on internal controls and financial reporting accuracy.
- Risk-Based Audit Approach: Employed a risk-based approach to identify and assess control deficiencies, tailoring testing procedures to address potential vulnerabilities for various clients.
- Guided Risk Assessments: Prepared comprehensive risk assessments for key audit areas, identifying trends, unusual changes, and potential fraud risks.
- Substantive Audit Procedures: Executed a combination of analytical procedures and detailed tests of controls and transactions across various areas (payroll, operating expenses, property, plant & equipment) for multiple clients.
- Financial Statement Review: Performed meticulous reviews of financial statements, including in-depth testing of a ₹500 crore revenue stream within the healthcare industry.
STARTUP - FOUNDERS OFFICE
TAPROOT WORKSPACES PRIVATE LIMITED
12.2020 - 04.2021
- Spearheaded Startup Growth: Collaborated with a startup to transform an initial idea into a comprehensive strategic plan, conducted market research for product-market fit, and led the development of an integrated marketing strategy (offline & online).
- Secured Client Acquisition & Investment: Prepared and delivered successful presentations to secure business partners and customers, while also developing compelling investment pitches for incubators and investors, showcasing growth potential and funding needs.
- Financial Planning & Compliance: Contributed to financial decision-making, including identifying fundraising requirements at various stages. Prepared presentations and projections for investors and managed legal and compliance aspects by preparing contracts for partners and customers.
- Effective Communication & Collaboration: Effectively communicated proposed strategies through presentations to both internal and external stakeholders, fostering collaboration with experts during the startup's roadmap development.
- Data-Driven Decision Making: Utilized market research data to inform the strategic plan and marketing strategy, ensuring product-market fit and driving successful client acquisition.
ARTICLESHIP
SC BAFNA & CO.
08.2017 - 08.2020
- Statutory & Tax Audits: Conducted audits for various entities (companies, partnerships, HUFs) including tax return preparation and filing, tax audit report preparation, and exposure to Scrutiny Assessments.
- GST Compliance: Prepared and filed GSTR 3B and GSTR 1 returns for clients, ensuring reconciliation with GSTR 2A data.
- Banking Sector Experience: Performed a branch audit for a high-value State Bank of India chest branch (₹600 crore deposits).
Education
Chartered Financial Analyst (CFA) -
CFA Institute
United States02.2024
Chartered Accountancy (CA) -
ICAI
New Delhi, India11.2020
Bachelors in Commerce -
VNSGU
Surat, India04.2019
12th Grade -
STBA
Bikaner, India03.2016
10th Grade -
STBA
Bikaner, India03.2014
Skills
- Microsoft Certified: Power BI Data Analyst (Exam PL300)
- Experienced with Microsoft Office Products (Excel & PPT)
- Preliminary SQL Knowledge
- Risk Management
- Business Planning & Analysis
- Strategy Development
- Team leadership skills
Hobbies
- Adventure Sports Enthusiast
- Sports Enthusiast ( Participate regularly in Cricket & Badminton Tournaments)
- Heading Multiple Clubs within organization for instance Comedy Club in Deloitte (139 Members)
Timeline
SENIOR BUSINESS CONSULTANT
ALLSTATE INDIA PRIVATE LIMITED
01.2023 - Current
ASSISTANT MANAGER - STATUTORY AUDIT
DELOITTE HASKINS & SELLS LLP
04.2021 - 05.2022
STARTUP - FOUNDERS OFFICE
TAPROOT WORKSPACES PRIVATE LIMITED
12.2020 - 04.2021
ARTICLESHIP
SC BAFNA & CO.
08.2017 - 08.2020
Chartered Financial Analyst (CFA) -
CFA Institute
Chartered Accountancy (CA) -
ICAI
Bachelors in Commerce -
VNSGU
12th Grade -
STBA
10th Grade -
STBA
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