ROHIT WADHWA
AVP, Balance Sheet And Sox Control
Noida
Summary
Results-driven AVP experienced in financial statement review, auditing and reporting. Well-versed in producing reports, evaluating department operations and handling month- and year-end closings. Meticulous, conscientious and methodical in approach. Organized and dependable candidate successful at managing multiple priorities and teams with a positive attitude. Willingness to take on added responsibilities to meet team goals.
Overview
14
14
years of professional experience
4
4
years of post-secondary education
Work History
Financial Associate
RBS (Royal Bank Of Scotland)
Gurgaon
10.2013 - 01.2022
- Balance sheet substantiation as per SOX and compliance pertaining to BSS and resolving unsubstantiated balances
- Assurance of the balances in the balance sheet – their nature and existence
- Preparation of group analytical pack for Natwest Group
- Internal audit of all manual journals posted by the financial control team
- Balance sheet preparation on a timely basis and reviewing the balance sheet before it is presented to the Business Intelligence (BI) team
- Updating commentary in balance and analysis of variances for better understanding of balances and also to make it clear for the people in the Balance sheet call
- Currently owning the BSS pack for Services and functions franchise
- Ensuring the pack is completed on a timely basis and of presentable quality
- Preparation of Department slides in the FD pack so as to provide a summary of major balance in a presentation
- Ensuring SOX controls are in place
- Submitted around 4 lean/aim ideas till date
- Managing adhoc requests as and when requested from line managers, stakeholders etc
- Vendor management and vendor reconciliation by onboarding the supplier as per guidelines and quarterly reconciliation of active/inactive vendors
- Processing of vendor invoices as per the invoice copy/PO received by ensuring the correct GL, cost center and tax is used
- Passing of monthly accrual entries for expenses which were due for the month but could not be made
- Preparation of SOP’s to document a process flow
- Preparation of daily and monthly KPI’s
- Updating approver details in the approval matrix for cost centers and also updating the same in system (oracle/SAP).
- Spearheaded initiatives aimed at improving the efficiency of internal financial processes within the organization.
- Streamlined financial reporting processes for improved efficiency and accuracy in data analysis.
- Prepared detailed reports for executive management, highlighting key performance indicators and areas for improvement.
- Collaborated with cross-functional teams to develop comprehensive financial models for business forecasting.
- Provided training to junior associates on industry best practices, enhancing overall team productivity and performance.
- Provided financial reports and interpreted financial information to managerial staff while recommending further courses of action.
- Compiled and sorted documents, such as invoices and checks and substantiated business transactions.
- Produced financial statements and reports to comply with regulations.
- Devised and implemented controls and procedures to promote financial accuracy.
- Analyzed financial trends and provided detailed financial reports to management.
- Analyzed and interpreted financial data to inform business decisions.
- Developed and maintained database of financial records for clients.
Associate
BNP PARIBAS India Solutions Pvt Ltd
Mumbai
07.2010 - 09.2023
- Managed the team for around 10 months when my Team Leader was moved to a different team
- Promoted 3 times during 3 years with BNP Paribas
- Assisted in various transition of roles through conference call
- Intercompany processing, closing and billing of invoices and ensuring settlement is also done quickly
- Vendor management and vendor reconciliation by onboarding the supplier as per guidelines and quarterly reconciliation of active/inactive vendors
- Sign-off various reconciliations & schedules for FIC requirements
- Research and clear unmatched/outstanding items
- Passing of monthly accrual entries for expenses which were due for the month but could not be made
- Preparing the prepayment schedule every month and performing the prepayment runs so that the amortization effect takes place
- Reconciliation of various prepayments and ensuring that they are cleared off if netting to nil
- Performing depreciation runs in SAP for fixed asset on a monthly basis
- Procuring a debtors report to understand the nature of debtors for each company of Singapore and following up
- Daily and monthly reconciliation of 2 systems ( SAP and Atlas2)
- Preparing monthly dashboard data including KPI’s and monthly summary and presenting it to respective clients through conference call
- Managing the operational risks of the process
- Monthly processing of a 600-800 pages blackberry invoice effectively by managing 7 different tax calculations of 7 different companies
- A process improvement as made in the same which reduce the time to process from 8working days to 3 working days
- Processing of employee reimbursements through ulysse and concur ERP’s and reconciliation of the same on a monthly basis.
AVP
Credit suisse
Pune
01.2022 - Current
- Reconciliation and substantiation of balance sheet lines and posting of as of adjustment during month end to correct Ledger balances
- Performing complete end to end balance sheet substantiation
- Performing sign off for the balances owned in Glass system
- Performing SOX testing for various controls in Group operations related to assurance
- Looking into BOY and EOY calls as well along with monthly SoX testing and performing DET (Design effectiveness testing)
- Currently working on standardization of balance sheet and SoX activities across regions and taking over EMEA and AMER activities as well
- Cleared put 10 year long legacy issues by thorough investigation
- Automated 2 reconciliations which resulted in 10-12 hours saving every month which in turn helped to make more time available for substantiation
- Part of Intra month balance sheet activities wherein we prepare balance sheet at a given date
- Understanding fail trades and pending trades during the TRTP break reconciliation
- Posting and approval of journals related to clearing of breaks
- Handling a team of 4 people.
- Optimized financial performance through effective budget management and cost control measures.
- Led initiatives focused on employee engagement, resulting in higher retention rates and improved workplace morale.
- Hired and managed Number new managers to drive business growth.
Education
Advance Diplome In Management Accounting - Management Accounting
CIMA
DELHI 06.2014 - 11.2015
Bachelor Of Commerce (Bcom) - Commerce
University of Mumbai
Mumba 06.2007 - 04.2010
Skills
Good team player, proactive, quick witted and quick learnerundefined
Accomplishments
- Received individual ovation award for the month of May’14, Jun’15, Mar’17 and Jan’21 from RBS.
- Received the LOV (Living Our Values) award in RBS in 2016.
- Played a pivotal role in preparing the Group Analytical balance sheet pack which is published along with the group financials
- Assisted in developing a tool which enabled quick process of 600 pager blackberry invoice from 8 working days to around 3 working days.
- Have been appreciated by line managers, FC counter parts and clients for excellent performance especially during critical times.
- Won the Inter-Collegiate Water polo Tournament representing H.R. College
- Cleared MS-CIT examination in 2004
- Participated in various competitive swimming competitions at Open sea swimming (Indian Navy), District and State Levels securing 1st, 2nd and 3rd places in various events.
- Received The Best Organizers’ Award for Nature Club in 2008.
- Participated in the Organizing Committee of HR MUN (Model United Nations) in 2008.
- Worked with the Welfare Committee for BNP Paribas ISPL.
- Part of the Employee event organizing team (Camaraderie) in RBS since 2014.
Additional Information
13+ year’s successful experience in Finance and Accounting methodologies and with recognized strengths in client support and services and planning/implementing proactive procedures and systems to avoid problems in the first place. Moderate knowledge of IFRS Ability to work independently and efficiently as a team as well. Commitment to work that furthers the growth and wholeness of individuals and the company Ability to generate reports, procedure manuals and business correspondence Experience in Internal Audit, Balance sheet analysis/reconciliation/substantiation, Intercompany (reconciliation and billing), GL posting and reconciliation, General Ledger, Reconciliation, MIS and Accounts Payables.
Qualifications
Advance Diploma in Management Accounting (CIMA in 1st attempt), 2014, 73%, All India Rank-2, Advance Diploma, 2015, 65%, B.com, Mumbai University, 2010, 89.86%, Excellent knowledge of MS Word, MS Excel, MS PowerPoint & Internet., Working knowledge of Oracle, Business Objects, Walker, Concur, Basware, peoplesoft, poets, Good Knowledge of SAP R/3 (finance module) – 6 years.
Personal Information
- Father's Name: Mr. Haresh J Wadhwa
- Date of Birth: 10/15/88
- Nationality: Indian
Disclaimer
I do hereby solemnly declare that all the above furnished information is correct to the best of my knowledge & belief.
Timeline
AVP
Credit suisse
01.2022 - Current
Advance Diplome In Management Accounting - Management Accounting
CIMA
06.2014 - 11.2015
Financial Associate
RBS (Royal Bank Of Scotland)
10.2013 - 01.2022
Associate
BNP PARIBAS India Solutions Pvt Ltd
07.2010 - 09.2023
Bachelor Of Commerce (Bcom) - Commerce
University of Mumbai
06.2007 - 04.2010
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