VIPUL JAIN
Mumbai
Summary
A self-motivated professional with a background in finance and audit of the financial services sector, willing to expand my technical knowledge and secure a challenging position in a growth-oriented organization to increase efficiency and for personal and organizational growth.
Overview
12
12
years of professional experience
Work History
Senior Manager, Financial Reporting
HDFC Asset Management Company
03.2021 - Current
- Preparation of annual and quarterly standalone and consolidated financial statements as per Indian Accounting Standards (‘Ind AS’)
- Preparation of stock exchange results as per Regulation 33 of SEBI for quarterly and annual reporting
- Preparation of group consolidation pack for Parent Company as per Indian Generally Accepted Accounting Principles (‘IGAAP’) and US Generally Accepted Accounting Principles (‘USGAAP’)
- Design, implementation and testing of controls required under Sarbanes-Oxley Act (SOX) and internal financial controls
- Involved in identification and valuation of Intangibles for Purchase Price Allocation (‘PPA’) project required under USGAAP on account of HDFC merger
- Involved in Buyback of Shares project by providing Accounting and Compliance guidance
- Performed financial analysis vis a viz peer companies
- Preparation of Internal MIS, management business reports and performing various monthly activities
- Preparation of Board and Investor presentations and investor briefing pertaining to financial section
- Highlighted notable findings in drafting related party policy to incorporate changes required under SEBI
- Also, compliance with related party reporting under various GAAPs and to SEBI
- Assessment and application of various SEBI, MCA, Ind AS amendments and prepared various checklists and trackers for monitoring
- Liasioning with Statutory, Internal auditors, external consultants and various internal departments.
Assistant Manager, Audit and Assurance
BSR & Co. LLP (affiliate of KPMG)
11.2015 - 02.2021
- Statutory audit of standalone and consolidated financial statements of various listed and unlisted entities in compliance with regulatory requirements under Accounting Standard (‘AS’) and Ind AS
- Specialised in financial services sector clients like banks, NBFC, housing finance companies, asset management companies, wealth management company, AIF/VCF funds, broking firms etc
- Audit of internal financial controls over financial reporting along with audit of the financial statements in line with regulatory requirements
- Audit of financial statements wherein reverse merger took place and its compliance with regulatory and accounting requirements
- Audit of entities for group reporting in accordance with the Ind AS
- Special assignment for Ind AS transition of different companies, assessment of CARO 2020, benchmarking for Expected credit loss provisioning as per Ind AS 109
- Highlighted various significant rectifications on hedge accounting for various derivatives instruments as per Ind AS 109 and convinced client to rectify the same
- Also, a standard derivative accounting template was prepared and provided to client
- Tax audit of various listed and unlisted entities and worked on ICDS impact analysis
- Worked with different partners, directors and managers on different clients
- Limited review of listed companies as per the SEBI (LODR) Regulations
- Worked on various certification work, carried out stock counts and branch visits.
Articleship- Taxation, Audit and Assurance
M/s Aalok Mehta & Co
10.2012 - 10.2015
- Preparation and filing of Tax Audit report and VAT Audit report
- Preparation and filing of Income tax, Service Tax, VAT, CST, TDS, Profession Tax returns of various Companies, firms, individuals, HUFs etc
- Preparation of Form 15CB in accordance of Income Tax Act, 1961
- Preparation and submission of responses to notices from different government authorities
- Statutory audit of various corporate (Public listed entities, Private entities, Partnership firms, Proprietorship firms, trust and societies) in line with audit and accounting requirements
- Limited reviews of listed companies as per SEBI (LODR) Regulations
- Special assignment of assessing Service Tax and TDS liability for around 30 branches all over India of air travel agent client
- Bank audit and stock audit
- Worked on certification work.
Education
CA Final -
ICAI
05.2015
I.P.C.C -
ICAI
05.2012
C.P.T -
ICAI
06.2011
IFRS Diploma -
ACCA
12.2017
CFA Investment Foundation -
CFA
08.2022
MCOM (Part 1) -
Mumbai University
04.2016
TYBCOM -
K C College
03.2014
HSC -
K C College
03.2011
SSC -
V. V. H. S
03.2009
Skills
- Proficient user of MS Office, Oracle, Tally ERP, E-audit, IDEA
- Team Player
- Adaptable to changes
- Good management and Communication skills
- Deadline Oriented
- Multitasking
Personal Information
- Date of Birth: 11/02/93
- Marital Status: Married
Languages
- English
- Hindi
- Gujarati
- Marathi
- Marwari
Hobbies and Interests
- Playing cricket
- Badminton
- Cycling
- Sketching
- Listening to music
Accomplishments
· Honored with Achievers Award for outstanding performance and dedication in work.
· Awarded with Kudos three times for exceptional performancein the various engagements and completion within the deadline
· Awarded with Audit Quality SPOT recognition for demonstrating strong audit quality in documentation, planning and execution.
· Consistent performer with the rating of 2 on rating scale of 1 to 5 wherein 1 is considered as best performer.
Trainings
- Ind AS training conducted by Deloitte.
- Internal financial controls (IFC) and Ind AS training conducted by KPMG.
- Goods and Service Tax (GST) training conducted by ICAI.
- Information Technology Training (ITT) and GMCS- I and GMCS- II conducted by ICAI.
Extracurricular Activities
Participated in various CSR activities. Organised various departmental activities. Participated in various blood donation camps conducted by corporates and in local community. Participated in various inter-school drawing competition.
Timeline
Senior Manager, Financial Reporting
HDFC Asset Management Company
03.2021 - Current
Assistant Manager, Audit and Assurance
BSR & Co. LLP (affiliate of KPMG)
11.2015 - 02.2021
Articleship- Taxation, Audit and Assurance
M/s Aalok Mehta & Co
10.2012 - 10.2015
CA Final -
ICAI
I.P.C.C -
ICAI
C.P.T -
ICAI
IFRS Diploma -
ACCA
CFA Investment Foundation -
CFA
MCOM (Part 1) -
Mumbai University
TYBCOM -
K C College
HSC -
K C College
SSC -
V. V. H. S
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