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ANKIT SARAF Mobile No: +91 9884040479 E-mail ID : 1991sarafankit@gmail.com

Job objective

Seeking challenging role in the field of Accountancy and Finance. To be one among the best with innovative ideas, to work in a

challenging environment and be known as subject matter expert, maintaining quality and timeliness of service and honoring the

commitments while delivering the services.

Career Synopsis

Chartered Accountant with more than 1.5 years of post-qualification experience with a Company Secretary degree and

a master degree in Commerce.

Current Role: Assistant Manager – Legal entity Controller (Financial Control) at Barclays Shared Services, Chennai.

Previously worked in Jha Yadav & Co. as Asst. Audit manager

Practical knowledge of IFRS, US GAAP and Japan GAAP accounting.

Consistently exceeded performance expectations through insightful approach, positive changes at work place,

innovative process improvisation coupled with forward-thinking approach rewarded by Barclays “Barclays Values

Award 2016”.

Proficient in working with Excel, SAP, Oracle (RACE), Coral, DMS, Tally and IRP

Professional Qualifications

Degree Institution Marks (%) Year

Chartered Accountant Institute of Chartered Accountant 59% November 2014

Company Secretary Institute of Company Secretary 50% June 2013

Academic Qualifications

Degree College/School Institute/University Marks (%) Year

M.Com Calcutta University Calcutta University 52% 2014

B.Com (Hons.) Goenka College Calcutta University 66% 2012

Practical Experience

Barclays Bank (Chennai) - Legal Entity Controller (Finance)

Designation- Asst. Manager (May 2015 – Present)

Responsible for managing six US and three UK incorporated entities including monthly financials reviews, profitability

analysis, liquidity management, and group MIS requirements.

Preparation of entity level financial statements in accordance with all relevant GAAPs & ensure that financial

reporting meets applicable accounting principles and regulations.

Key member of restructuring project team which involves following project

Demerger of US incorporated entities to form new UK incorporated entities as part of US IHC restructuring

project.

Merger of two US based entities which result in effective utilization of resources and cost reduction.

Recognized with “Barclays Values Award 2016” for successful completion of restructuring project.

Ensuring account substantiation, Reporting of Items at risk, and connected compliance of control and governance

procedures.

Responsible for accounting of entities in both US GAAPs as well as IFRS. It includes detail analysis of US GAAP as well as

IFRS for GAAP adjustments.

Analyzing inter-company balances, reconciliations, daily funding payments and resolving material breaks between

intercompanies.

Insuring firm's liquidity and mitigating its operational, financial and reputational risk by analyzing fund flow.

Performing Balance Sheet and GL Accounts substantiation at cost center level.

Insuring smooth data flow between SAP (Souls accounting) and RACE (Group accounting) system, which involve

reconciliation at cost center level and investigation on material breaks.

Performing control functions of financial reporting while working closely and managing relationships with various teams

across the organization globally.

Preparing reports for external reporting with Federal Reserve and Prudential Regulation Authority.

Responsible for managing internal and external audits.

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Jha Yadav & Co. (Kolkata) - Asst. Audit Manager (June 2014 to April 2015)

Nature of Work-

Client Name Deals In Area Brief Description

OSG Corporation

(Japan)

Manufacturing and

Trading of Cutting

Carbide Tool.

Statutory

Audit and

Consultancy

Consultancy regarding income tax scrutiny assessment,

Quarterly Accounts for group consolidation purpose (As

per Japan laws)

Nestle India

Limited

FMCG Internal

Control

Check.

Internal Control audit at warehouse (Kolkata, Guwhati,

Ranchi and Patna)

Stock Audit at all warehouses at eastern region of India.

Advisory and managing function for shifting of warehouse.

Market research for verifying the function of distributors.

Universal

Bituminous

Manufacturing and

trading of

Bituminous

Statutory

Audit and

Consultancy

Consultancy on issue related to maintenance of

documentary records at factory

Monitoring administrative function of head office.

Sundrilling

(Kazakhstan)

Extraction of Crude

oil

Consultancy Implementation of Material Handling and HR policy.

Lodha & Co. (Kolkata) - Article assistant (March 2011 – April 2014)

Nature of Work-

Area Brief Description

Statutory

Audit/ Limited

Review/ Tax

audit.

Major Clients –

Reserve Bank of India (Kolkata)

Universal Funds Limited (RP-Sanjiv Goenka Group) – Non banking financial company engaged in providing loans and advances to corporate participants.

Duncans Industries Limited- Engaged in Tea and Fertilizers Manufacturing.

Star Papers Limited- Engaged in Paper Manufacturing.

Revati Equipments Ltd- Engaged in Drills and Construction equipments manufacturing.

Stone India Limited (Duncuns Group)- Engaged in Railway Equipments manufacturing.

Energy Development Company Limited – Electricity development and Civil construction Company.

GKW Limited – Screws, Bolt and nut manufacturing company. Work Done

Conducted annual and quarterly financial audit following Indian Accounting Standards.

Verified whether the Financial Statements and Consolidated Financial Statement are prepared in accordance with Indian Accounting Standards and other laws and regulations (Revised Schedule VI) and pointed out the deviations and inconsistencies, if any.

Tested business cycle controls and remedied the detected weaknesses.

Significant areas of audit related to disclosure requirement included Contingent Liability, Related Party Disclosure, CARO and other Notes to Accounts.

Checking the compliance with the Indirect taxes and other statutory requirements.

Internal Audit Major Clients –

Apeejay Tea Limited – Engaged in Tea Manufacturing.

Godfrey Phillips India Limited (GPI)- Engaged in manufacturing of Cigarette and Panmassala.

Nestle India Limited- Engaged in FMCG products.

Printronix Asia (Liaison office) – Manufacturer of Printers in Singapore. Work Done

Review of Internal control aspects, including identifying deficiencies and suggesting measures to improve the deficiencies.

Compliance checking – Assessed whether companies were operating within the rules and regulations as dictated by different Laws and Acts.

Others Valuation of company for merger

Special Audit for Demerger and Internal reconstruction of company.

Feasibility Report and project management for 12 river side over bridge construction at Tripura.

Corporate Governance Report of various listed companies.

Public Deposit Audit, Vat Audit, Human Resource Audit, Gratuity and PF Audit.

Transfer Pricing of International and Domestic Specified Transactions

Income Tax matters including tax planning, preparation of final accounts, computation of total income, Income tax Return Filling.

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IT Proficiency

Proficient in MS Office Applications viz, Excel, Word, PPT etc.

Working knowledge of accounting packages such as SAP, Oracle (RACE), Coral, DMS, Tally and IRP.

Achievements

Recognized with Barclays values award 2016 for successful completion of restructuring project.

Secured 3rd

position in Power point presentation at St Xavier’s College International Management Fest.

Secured 1St

position in Power point presentation at Shikshayatan College Fest.

Participated and secured positions in many seminars and debates organized by our college.

Personal Details

Father’s Name : Mr. Arun Kumar Saraf

Date of Birth : 26th

of April, 1991

Languages Known : Hindi, English and Bengali

Interest : Swimming, Playing Cricket and Travelling.