Ronit Samaddar
Bengaluru
Summary
Dynamic Assurance Associate at RSM-USI with expertise in financial analysis and GAAP compliance. Demonstrated strengths includes comprehensive knowledge of non-audit procedures, risk assessment, and internal controls. Proven track record in enhancing operational efficiency and mitigating risks through meticulous financial statement reviews and analytical procedures. Adept at client communication and project management, delivering high-quality reports that drive informed decision-making.
Overview
1
1
year of professional experience
1
1
Certification
Work History
Assurance Associate - PCR (Non-Audit Services)
RSM-USI
Bengaluru
07.2024 - Current
- Performed Compilation and Review engagements of Financial Statements for US-based clients, including clients from the insurance and financial services sectors, in compliance with US GAAP.
- Drafted engagement letters and executed analytical procedures tailored to insurance clients to identify changes in financial statement elements such as premium revenue, claims liabilities, and reinsurance recoverables.
- Conducted research on accounting pronouncements and industry-specific guidelines including insurance industry standards and best practices.
- Supported accounting operations with administrative and analytical support, particularly in handling insurance-specific data such as policyholder information, claim settlements, and loss reserves.
- Participated in investigations and risk assessments involving insurance companies to ensure compliance with state and federal insurance regulations.
- Evaluated internal controls with a focus on processes specific to insurance operations—premium collections, underwriting, claim processing, and loss adjustment.
- Reviewed and reconciled accounts tied to insurance portfolios; analyzed discrepancies in premium receivables, commissions, and claim reserves.
- Analyzed trial balances and prepared financials that included insurance-specific disclosures, including incurred but not reported (IBNR) claims and statutory capital requirements.
- Coordinated with cross-functional teams on engagements involving life, health, and general insurance clients, ensuring clear communication and timely reporting.
- Developed working papers and reports highlighting audit findings, including financial risks and process inefficiencies common in insurance operations.
- Provided process improvement recommendations to enhance operational effectiveness and internal controls in insurance accounting
- Developed insights for optimizing internal accounting processes through process reviews and detailed risk-based analysis.
- Contributed to team knowledge sharing by documenting best practices and helping junior staff adapt to evolving regulatory requirements, especially within the insurance domain.
Education
Bachelor of Commerce - Finance, Audit, Accounting And Taxation
Jain University
Bangalore, Karnataka07-2024
High School Diploma -
Little Flower School
Jamshedpur, Jharkhand03-2021
Skills
- Financial analysis
- GAAP compliance
- Analytical thinking
- Research and analysis
- Financial statement analysis
- Financial reporting aptitude
- Professional skepticism
- GAAP standards
- Financial records review
- Caseware proficient
- Excel proficiency
- Report preparation
- Risk assessment
- Client communication
- Project management
- Time management
Certification
- Internal Audit 101 - Building the Internal Audit Function (Checkpoint Learning) - April 2025
- Emerging Financial Risk Management (Project Management Institute - PMI) - January 2025
- Financial Modelling and Forecasting Financial Statements (National Association of State Boards of Accountancy - NASBA) - January 2025
- NASBA Certified Certification for Accounting Ethics (National Association of State Boards of Accountancy - NASBA) - January 2025
Languages
Bengali
First Language
English
Proficient (C2)
C2
Hindi
Proficient (C2)
C2
References
References available upon request.
Timeline
Assurance Associate - PCR (Non-Audit Services)
RSM-USI
07.2024 - Current
Bachelor of Commerce - Finance, Audit, Accounting And Taxation
Jain University
High School Diploma -
Little Flower School
Similar Profiles
Keerthana BKeerthana B
Senior Associate at RSM USISenior Associate at RSM USI
Harsh SharmaHarsh Sharma
Senior Associate at RSM USISenior Associate at RSM USI
Jatin MongaJatin Monga
Audit Senior at RSM USI LLPAudit Senior at RSM USI LLP