Sohit Khandelwal
Chartered Accountant
Summary
Dynamic financial professional with extensive experience at AXA XL Business india Pvt Ltd, excelling in financial reporting and analysis. Proven track record in enhancing compliance with IFRS standard and improving financial processes. Skilled financial statement preparation and adept at collaborating with cross functional teams to drive result.
Overview
13
13
years of professional experience
2
2
Languages
Work History
Deputy Manager
Axa Xl, XL Business India Pvt Ltd
02.2022 - Current
- Manage and maintain lease accounting records in compliance with IFRS 16.
- Conduct quarterly reconciliations of lease accounts and ensure accurate financial reporting.
- Prepare and review lease calculations, including Right-of-Use (ROU) asset and lease liability..
- Manage and maintain equity accounting records in compliance with IFRS 2.
- Prepare and review calculations for award (Performance share) granted to employee.
- Quarterly monthly reconciliations of equity accounts and ensure accurate financial reporting.
- Perform comprehensive reconciliation of actuarial and finance loss reserves.
- Collaborate with finance and actuarial teams to gather and interpret data.
- Prepare all supporting files to provide actuarial team.
- Prepare and analysis Balance sheet Rec. for Non-technical items.
Financial Planning and Reporting
Adani Power Limited
11.2019 - 02.2022
- To prepare MIS & Financial Statement
- Preparation of profitability MIS on actual and budgeted basic & calculate per unit cost and profit
- Prepare supporting document for MIS like Coal consumption report, Generation details
- Preparation of Monthly Financial Statement
- Budget Allocation to respective Department & transfer the budget between the commitment item
- Invoice Checking process
Statutory Financial Reporting
GENPACT India Ltd.
04.2016 - 10.2019
- To process Financial Statements for a US based Insurance company
- Preparation of Complete financial statements (US GAAP to STAT) as per NAIC guidelines
- Preparation of supporting schedule for financial statements such as schedule E, schedule of non admitted assets, schedule of premium earned, written & loss incurred
- Calculated and analysis Expense ratio, combined ratio & loss ratio
- Reconciliation of the Loss and premium numbers with that of General Ledger and preparing out the adjustment entries for reconciliation
- Prepared of various Statements and Loss Schedule
- Prepared of Standard Operating Procedures (SOP) and Process Flow documents
Article Assistant
P.Kanungo & Co.
05.2012 - 04.2015
- Central Bank Of India - Carried out branch audit of CBI verified loan advances like cash credit, mortgage loans with reference to assets valuation reports gain experience in respect of bank accounts and regarding NPA pattern of bank and RBI norms have prepares long form audit report and tax reports of bank
- National Highway Authority Of India - Checking Internal Control System in Collection of Toll Tax
Education
Chartered Accountant
The Institute of Chartered Accountant
Jaipur, India11-2015
B.Com
S.S. Jain Subodh College
Jaipur, India03-2009
Skills
Accounting & Reporting
Accomplishments
- Successful implementation of a number of lean ideas.
- 'Top Gun Award' recognized by the client.
Marital Status
Married
Timeline
Deputy Manager
Axa Xl, XL Business India Pvt Ltd
02.2022 - Current
Financial Planning and Reporting
Adani Power Limited
11.2019 - 02.2022
Statutory Financial Reporting
GENPACT India Ltd.
04.2016 - 10.2019
Article Assistant
P.Kanungo & Co.
05.2012 - 04.2015
Chartered Accountant
The Institute of Chartered Accountant
B.Com
S.S. Jain Subodh College
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