Shreyas Deshmukh
Chartered Management Accountant, Chartered Global Management Accountant, Chartered Accountant (In)
Pune
Summary
11 years of rich experience & highly skilled Associate Chartered Management Accountant (ACMA) & Chartered Global Management Accountant (CGMA) with particular emphasis on, shared services, change and transition management, Finance Process automations, process reviews and internal controls, Experience within a large number of leading blue-chip organizations in Accounts, Audit, Reporting & Control with Big four, Multinational & Fortune 500 companies
Overview
11
11
years of professional experience
3
3
Languages
Work History
Assistant Vice President – Group Finance
Credit Suisse Services India Private Limited
5 2023 - Current
- End-to-end ownership of Global Service Co related Allocation MIS, Financial Planning & Analysis including budgeting, forecasting, Planning
- Controller – Approve all journal entries in accounts owned for Balance Sheet Assurance & Service Co Invoice Approvals
- Act as a deputy to head of Service Co Accounting team and represent on important forums/working groups/executive board/senior stakeholders
- Ensure Balance Sheet Assurance sign off, Sign off Reconciliation & Provide Variance Commentary.
- Ensure all account level anomalies reported in BS & PL accounts
- Effective liaising with senior partners in Divisions/Corporate Functions and Legal Entity Controllers worldwide and locally with AR/AP teams
- Attended weekly meetings and special sessions of Leadership and Executive Leadership Teams and contributed to major administrative initiatives, policies and decisions.
- Build a robust control framework, minimize the possibilities of manual errors/warranting manual adjustments
- Liasoning with directors and regional CFO's for presentation of Service Co financials along with commentary
General Accounting, Reporting & Control Senior Analyst
British Petroleum (BP) Business Solutions (India) Private limited
02.2021 - 05.2023
- Responsible for Record to Report (RTR) activities for Subsidiary, Joint Venture entities, monthly SAP System locking as a super user of SAP, Performing SAP close activity
- Responsible for budgeting, forecasting for Balance Sheet and P&L items including expense management
- Responsible for preparation of Separate & Consolidated Financial Statements of Subsidiary & Joint venture entities in accordance with US GAAP, IFRS, Indian Accounting standards
- Lead various R2R related projects Simplifications, system changes, new policies implementation, migrations)
- In addition to Knowledge Transfer sessions went extra mile to identify the process gaps in comparison with Group Reporting Manual & IFRS in accounting specific issues & Control
- Responsible for preparation & analysis of financial statements along with explanation of variances through (Quarterly / Monthly / Yearly Analytical Reviews)
- Responsible for BEA – 577 reporting for FDI’s by US companies.
- Responsible for submission of late adjustments (PGA’s)
- Responsible for Balance Sheet Assurance compliance & Signoff
- Responsible for dealing with External Auditors & Tax Advisors to ensure smooth closure of Audits
- Successfully completed the transition of Record to Report activities including system transition via the knowledge transfer sessions for the Project which included the following regions – Central Functions (US), North America Gas Power – Canada, Egypt, Alaska & Gulf of Mexico regions.
Executive-CSS
Ernst & Young (EY) India LLP - S.R.Batliboi & Co LLP, Chartered Accountants / (SRBC & Co LLP, Chartered Accountants )
02.2019 - 01.2021
- Execution of audit of various areas (Accounts Payables, Accounts Receivables, Revenue, Employee Payroll, Business Operating Expenses, Financial statement closure procedures) within the financial statements of listed / Multinational / Unlisted Public companies as client engagement to ensure compliance of financial reporting requirements as per Indian GAAP, Ind AS, IFRS
- Execution of entity wide control testing for (Order to Cash, Procure to Pay, Record To Report, Capital Expenditures, General Ledger Reconciliations) as a part of Sarbanes Oxley Act (SOX) audit & Internal Financial Controls over financial reporting (IFCFR)
- Recognize potential internal control issues and communicate them to the assurance team
- Review of working papers made by colleagues as a part of substantive audit (Test of Details)
- Preparation of Overall Analytical review of whole Financial Statement for audit Partners
- Execution of process Walkthrough’s for all sub process falling under the head of Accounts Receivables / Fixed Assets / General Ledger Reconciliations
- Preparation of Annual Performance Report (APR) to be submitted to Reserve Bank of India for the compliance of Foreign Exchange Management Act in Form ODI Part III in respect of overseas direct investment (ODI) in Joint venture or wholly owned subsidiary by Indian company.
Senior Consultant
Milind Sangoram & Company, Chartered Accountants (Past PwC Associate Firm)
01.2013 - 02.2019
- Leading the audit and handling the major audit areas
- The assignments include review of business operation, financial & accounting information
- Testing of internal controls over financial reporting including test of design of the controls and operating effectiveness of the controls
- Experience of Internal Financial Control (IFC) assignment of valve manufacturing company for petrol industry
- Carried out assignments in Goods and Service Tax in relation to interpretation of provisions of the Act, for taxability, Input tax credits, place of supply, and time of supply & exemption provisions
- Major assignments worked upon include: Audits (Statutory & Internal), Preparation of Statutory Audit Report (CARO), Tax Audit Reports (3CA/3CB,3CEB), and other Management reports
- Worked on Internal Audits of Valve Manufacturing company (Crude Petrol Sector), Revenue Audit, Stock Audit, and Audit of renowned Educational Institutions
- Direct Tax: Preparation and Filing of Income Tax Return for various assesses like Individuals, Firms, Private companies, Trusts
- Drafting of Communication with IT Authorities on behalf of assesses
- Worked on Transfer Pricing Assignments and preparation of study reports
Education
Skills
Accomplishments
- Received Excellence award from Head of control for Central Functions US (CFO Grade) region for Identification of Accounting and Control deficiencies within 3 months of Joining BP
- Received DigiNation best facilitator Award for conducting Induction sessions for GBS India new joiners from Global Process Change lead of Digital innovation within 3 months of joining BP
- Received Excellence award for Process Automation initiatives and successful 'Go live' of transitioned process from Senior stakeholders of BP GBS India within 3 months of Joining BP
- Kudos Award for Audit queries having financial impacts from EY.
- I am Exceptional' award for finding out process and control deficiencies from EY.
Erp Software Experience
- SAP - PRO, PR5, PRI, ZRG, WRW, WRO, SAP - FIORI, SAP - S/4 HANA, BEX Analysis for Excel & FBW reporting
- Oracle - People Soft, R12 & 11i, Essbase
- Microsoft Excel - Advanced Level
- Office 365 - Ms -Power Automate, Ms - Sway
Timeline
General Accounting, Reporting & Control Senior Analyst
British Petroleum (BP) Business Solutions (India) Private limited
02.2021 - 05.2023
Executive-CSS
Ernst & Young (EY) India LLP - S.R.Batliboi & Co LLP, Chartered Accountants / (SRBC & Co LLP, Chartered Accountants )
02.2019 - 01.2021
Senior Consultant
Milind Sangoram & Company, Chartered Accountants (Past PwC Associate Firm)
01.2013 - 02.2019
Assistant Vice President – Group Finance
Credit Suisse Services India Private Limited
5 2023 - Current
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