SAP
PUNIT VERMANI
Chartered Accountant
Gurgaon
Summary
Highly qualified and experienced Chartered Accountant from ICAI with 10 years of expertise as a regulatory and statutory reporting analyst in both PRA (Credit Risk Analyst), FED and APRA, specializing in financials preparation.
Strong understanding of Accounting Standards, Financial reporting, Credit Risk reporting, and compliance with USGAAP. Skilled in formulating and implementing new ideas, ensuring adherence to statutory provisions, and applying theory to practice. Proficient in establishing, streamlining, strengthening, and controlling accounts, finance, and Credit risk related functions. Successfully performing business unit level compliance through thorough quarter-end close analysis and reporting of financial statements, as well as providing assistance in FED exams and PRA audits.
Focused and hardworking professional with deep technical understanding and analytical mindset, confidently taking on challenging assignments. Values hard work, patience, perseverance as personal beliefs and traits.
Overview
10
10
years of professional experience
Work History
Regulatory Reporting Analyst
Accenture Solution Private Limited
3 2021 - Current
- Leading Regulatory Reporting forms including B/S and P&L as per APRA requirements which includes SAP adjustment as well and give response to Internal Auditor and Stat Auditor for all their queries
- Stat and US GAAP Analysis commentary for B/S and P&L and Annexure present the same to Country Controller and CFO
- IFRS Financials including Notes to Accounts (Related parties and Cash Flow, FA Register, Lease Schedule)
- US GAAP Reporting to NY Team including Blackline, TM 1
- TB Analysis identify the reason of unnatural balances and resolve the same with respective teams
- Key role in Successfully migrate from Computron to SAP, Lag Elimination and FPSL in live run and appreciated by Onshore partner
- IDS Form (Singapore Reporting for Tax purpose), CFO Report (used for Board meeting), Capital Management, MAS Reporting.
- Working as APAC Regional Lead from last 3 months where co-ordinate between legal entities and NY for all the 12 APAC Countries.
- Direct Interaction with all Countries CFO and reporting to Regional CFO.
PRA Reporting & Credit Risk Analysis
HCL Technology
11.2017 - 03.2021
- Prepare Daily Report, Monthly Reports and Collateral Supply from Axiom tool for senior management Review for Minimum Capital According to Basel III
- With norms of CRD IV
- Deeply dig down in axiom and identify the reason of spike and comment the same in daily credit risk reports
- Daily Call with onshore senior management to discuss the material delta on increase in Exposure and impact on RWA
- Preparation of COREP forms on quarterly basis merge with WM numbers and submit to BUNDESBANK
- If there is any development issue or coding issue or any version update need to coordinate with Axiom Dev Team and provide the sign off on UAT.
FED Reporting & Analysis
Genpact LLC
11.2014 - 11.2017
- Review of FR-Y9C, FR-Y11 and FR-2314 business unit level submission for GE Capital International and preparing the consolidated financial submission for further review by US HQ team
- Review of Unnatural balances in Trial balance and ensuring the inappropriate re-class and its presentation in financial statements
- Analysis of Quarter-on-quarter variance analysis of Finance receivables (Loans & Leases), Allowances, non-accruals, TDRs and other items of financial statements
- Reviewing the co-relation between the quarter-on-quarter movement in Balance sheet and Income statement
- Analysis of FAS 5 and FAS 114 reserves and making their reconciliation with financial statements
- Ensuring that in FR-Y9C all the Intercompany transactions are eliminated while in Legal entity reporting, intercompany transactions are considered.
Education
B.Com - Commerce
IGNOU
Delhi, India 04.2001 -
Certification - IFRS
ACCA
Gurugram 04.2001 -
Chartered Accountant - Finance Accounting And Reporting
ICAI
Delhi, India 04.2001 -
Skills
MS Excel, MS Word, MS Powerpoint
Educational accolades and certificates
- Awarded by client “Spot Light award” in AIG for outstanding performance.
- Star of the business award in 2023 for successfully completion of Lag Elimination, FPSL, Migration from Computron to SAP at APAC level.
- Received Best Team player Award under AIG Exclusive Recognition FY 23.
- Rated as T20 (top 20) in all the 6 Half Yearly ratings since joining Genpact, In HCL awarded with EP rating and Accenture got spot award in joining year.
- Won bronze certificate within 6 months of joining for outstanding performance in FED reporting and in HCL also got the thank you award from client.
- Rewarded by the integrity award by client (UBS) for consistent performance during tough times.
- Working as a Genpact Quality catalyst for GE lean digital team for more than a year.
- Active participation in various other curricular activities (Town hall & Family connect function).
- Actively participated in sports tournaments (Badminton & Pool table).
Otherexperience
Completed Article ship under CA firm “Dhillon & Associates, Delhi. Audit & Direct Taxation:
Prepared ROC Search Report on behalf of Banks, Incorporation of Co’s and Registration of Partnership firm.
Reviewing implementation & effectiveness of entity’s internal checks & controls.
Conducting closure meeting with senior management of the client and presenting Executive Summary of the Audit Report.
Ensuring compliances with applicable laws and regulations. Finalization of Balance Sheet, Profit & Loss Account, Cash Flow Statement, Notes to Accounts & Auditor’s Report to Members.
Statutory Audit (HVPNL), Internal Audit (UTI, HHB), Quality Assurance (BSL, Religare), Concurrent Audit (Saraswat, PMC), Stock Audit (Polar, Bhushan Steel, Coldex, Swastik, Ritco, Chetak).
Handled two Project as Location Head with ICICI Bank (HUDA and DDA finance Scheme).
Personal Information
Date of Birth: 02/28/91
Marital Status: Married
Software
TM 1
Axiom
Blackline
FW Reports
Languages
English
Advanced (C1)
Hindi
Advanced (C1)
Punjabi
Upper intermediate (B2)
Interests
Travel
Music
Cooking
Timeline
PRA Reporting & Credit Risk Analysis
HCL Technology
11.2017 - 03.2021
FED Reporting & Analysis
Genpact LLC
11.2014 - 11.2017
B.Com - Commerce
IGNOU
04.2001 -
Certification - IFRS
ACCA
04.2001 -
Chartered Accountant - Finance Accounting And Reporting
ICAI
04.2001 -
Regulatory Reporting Analyst
Accenture Solution Private Limited
3 2021 - Current