Playing Chess, Travelling & Listening Music
CHIRAG SABOO
Finance Professional
Pune
Summary
- A Focused Accounting Professional with nearly 12 Years of experience in the field of Accounting & Finance. Specialize in the field of accounting, financial planning, reporting & analysis.
- Coordinating in developing process flows, implementing and transitioning processes in line With internal guidelines.
- Posses End to End knowledge of General Ledger Accounting Operations (Record to Report Operations) and specialized in Financial Planning & Variance Analysis and Balance Sheet Substantiation Process.
- Well Versed with technical ERP's (People Soft, Oracle, Black line & SAP) & Posses knowledge of using those ERP's in F&A operations.
- Possess strong analytical and problem solving skills, with the ability to make well thought out decisions.
- Detail-oriented, efficient and organized professional with extensive experience in accounting systems.
- Enthusiastic about learning, working hard and willing to work in demanding circumstances.
Overview
13
13
years of professional experience
7
7
years of post-secondary education
2
2
Languages
Work History
Assistant Vice President
Morgan Stanley Advantage Services Pvt. Ltd
2023.03 - Current
- Manage significant portions of the Bank Regulatory Reporting process, including the timely and accurate filing of the FR Y 14Q, FR Y-9C, FR Y 14M, Call Reports and Quarterly OCC report filing, ensuring compliance consistent with the Company’s control environment.
- Demonstrated proficiency in reconciling Corporate Loan Data Schedule, Commercial Real Estate Schedule, and Internal Risk Rating Schedule for Schedule H_FRY 14Q.
- Reviewing manual adjustment entries for reasonableness. Liaise with the financial and regulatory reporting groups to reduce required manual adjustments.
- Managed the reconciliation process for Shared National Credit loans valued at $75 trillion; collaborating with internal teams to streamline procedures and improve efficiency.
- Partnering with cross-functional/divisional teams across globe to enhance systems & drive process efficiencies and at the same time developed internal controls to mitigate financial risk and ensure compliance with regulatory requirements.
- Develop reconciliation process to ensure reports reconcile to general ledger, Y-9C & to other relevant schedules as required.
- Managing and providing guidance to Regulatory Reporting Analyst to produce regulatory reporting supporting documents, reconciliations and quantitative analysis to ensure complete and accurate regulatory reporting filing & performing supervisory review of the completed reports/schedules.
- Conduct due diligence reviews with Global Product Controllers and BU's.
- Lead & drive framing of documentation that captures interpretation / assumptions / implementation / reporting differences specific to Non-Capital Disclosures.
- Assure SEC filings, including 10-Qs, 10-Ks, and earnings releases, are accurately disclosed in compliance with U.S. GAAP, SEC and other applicable regulations.
- Provide comprehensive and timely support to all internal/external identified Audit & Regulatory issues and reporting.
- Interpreted regulatory rules or rule changes and communicated with others through corporate policies and procedures.
Finance Manager
Citicorp Services India Pvt. Ltd.
2021.02 - 2023.02
- Performing Balance sheet substantiation for numerous Legal Vehicles for NAM and LATAM region in line with corporate guidelines [Major Portfolio - Bank/Cash Accounts, Accruals, Other Assets & Liabilities].
- Reviewing month end closing tasks of the direct reportees in order to ensure completeness and accuracy.
- Facilitated month-end close processes, Preparing & Processing journal entries during the month & ensure smooth month close and performing account reconciliations tasks.
- Review & analyse the Balance sheets accounts and Profit & loss accounts for fluctuations and irregularities at macro level & ensure integrity of all reported financial statements.
- Review of reconciliation package prepared on monthly basis to ensure reporting is done accurately by the accounting team.
- Ensuring supporting documents are in line with the balance sheet substantiation policy and if the support is not in line, account has been reported as Red with accurate aging and escalation has been done as per escalation matrix.
- Accurate reporting of the status of the reconciliations owned into Citi reporting tool ‘eRecon’.
- Communicating with Legal Entity Managers across multiple locations on the status of reconciliations performed.
- Ensure reconciliation is performed to a high standard in line with corporate guidelines.
- Escalate any account related issues to Management and other Stakeholders.
- Preparing MIS for RED and potential reportable red accounts and resolving the same with follow-ups from onshore teams.
- Follow up on reconciliation breaks, outstanding, aged items.
Associate Finance Controller
Maersk GSC India Pvt. Ltd
2019.04 - 2021.02
- Supported monthly general ledger closing activities, including preparing journal entries and reconciliations.
- Perform revenue accounting and reporting activities on monthly basis. Resolve revenue related issues and follow-up on outstanding items.
- Assist in the monthly and quarterly Revenue related close procedures and quarterly reporting.
- Develop and provide monthly reports and analysis to upper management to support the revenue recognition assessment process.
- Overall responsibility for the analysis of all financial costs for two business units while emphasizing cost reduction in both variable and fixed costs.
- Performing Balance Sheet Reconciliation tasks on monthly basis & signing them off in Black-line (Account reconciliation tool). Also review any open, unusual & aged items for closer.
- Partnered with auditors to prepare yearly audits and ensure compliance with governmental tax guidelines.
- Reviewed accounts, resolved coding areas and tracked recurring expenses for accrual entry.
- Analyzed monthly balance sheet accounts for corporate reporting.
- Analyzed and researched reporting issues to improve accounting operations procedures.
Supervisor Accounting
First Data India Pvt. Ltd - Mumbai, MH
2016.12 - 2019.04
- Reviewing month end closing tasks of the direct reportees in order to ensure completeness and accuracy.
- Facilitated month-end close processes, Preparing & Processing journal entries during the month & ensure smooth month close and performing account reconciliations tasks.
- Review of Monthly expense, recharge, accrual & revenue booking and ensuring the accuracy is adhered.
- General Ledger Bookings along with subsequent cost allocation on various cost centers.
- Provide support to the On-Shore Business team on all aspects of the inter-company mismatch reconciliation process (Resolving out of Balance between 2 ICP's).
- Responsible for the preparation and timely submission of monthly and quarterly reporting and reconciliation to corporate.
- Ensure intercompany accounts with all Groups are reconciled on timely basis as well as reported accurately.
- Prepare cash flow statements and resolve outstanding balancing issues. At the same time preparing Cash flow journal entries and posting it in group reporting ERP tool (Hyperion).
- Performing Balance Sheet Reconciliation tasks on monthly basis & signing them off in Black-line (Account reconciliation tool). Also review any open, unusual & aged items for closer.
- Analyzes and reconciles various general ledger account balances. Performs quality control by reconciling general ledger accounts to subsystems and/or supporting information and proposes adjustments if/when needed.
- Review & analyse the Balance sheets accounts and Profit & loss accounts for fluctuations and irregularities at macro level & ensure integrity of all reported financial statements.
- Responsible for financial accounting analysis and quality control. Reconciles various subsystems and ledgers to both internal and external data. Performs reviews and analysis of various general ledger accounts.
- Responsible for Generating & Delivering the Financial & Management Reports & Corporate Reports to the Business on weekly/Monthly basis.
- Timely Review of process document and standard operating procedure, ensuring it’s up to date & aligned with company accounting policies.
- Prepare GL to HFM SOX Reconciliation file for the respective entities to find out proper control between Hyperion (Management report tool) and Oracle (Accounting tool).
Assistant Manager
WNS Global Services Private Limited
2013.10 - 2016.11
- Performing Sales analysis and reporting for Europe Region on weekly & monthly basis, which includes Incorporating Monthly budgets, Re-forecast for trend and movement analysis.
- Prepared weekly sales reports for presentation to management.
- Analyze current and past trends in key performance indicators including all areas of revenue, cost of sales, expenses and capital expenditures.
- Monitor performance indicators, highlighting trends and analyzing causes of unexpected variance.
- Consignment reconciliation in order to identify monthly stock position of various warehouses.
- Facilitated month-end close processes, Preparing & Processing journal entries during the month & ensure smooth month close and performing account reconciliations tasks.
- Responsible for Generating & Delivering the Financial Reports & Corporate Reports to the clients on weekly/Monthly/Quarterly basis.
- Performing Balance Sheet Reconciliation tasks on monthly basis.
- Performing Working Capital analysis on weekly basis.
Team Leader
Wipro Ltd
2011.05 - 2013.10
- Worked very closely with the UK based clients and successfully transitioned the General Ledger & Cost Accounting Operations from Romania [UK] to India.
- Handling & supervising a team consisting of 9 members.
- Reviewing month end closing tasks of the direct reportees in order to ensure completeness and accuracy.
- Facilitated month-end close processes, Preparing & Processing journal entries during the month & ensure smooth month close and performing account reconciliations tasks.
- General Ledger Bookings along with subsequent cost allocation on various cost centers.
- Ensure intercompany accounts with all Groups are reconciled on timely basis as well as reported accurately.
- Provide support to the On-Shore Financial Control team on all aspects of the inter-company mismatch reconciliation process.
- Responsible for carrying out the Foreign Exchange Revaluation and based on this revaluation also responsible for preparing & passing the adjustment entry related to Gain/Loss. At the same time also responsible for updating the Exchange Rates on weekly/monthly basis for the purpose of Foreign Exchange Revaluation.
- Creation of Cost objects such as Cost centers, Internal orders for various projects.
- Payroll - payroll related calculation and relevant postings.
- Rental income calculation - calculation and posting in order to reclassify rental income booked on specific cost objects.
- Expense report - monthly and year to date report showing expenses by type (e.g mobile, car rental, flight), by cost center and by employee.
- Responsible for implementing the Internal Control on the Outgoing payments made to Vendors & Employees and thus, playing a reconciler role in Reconciling the Payments made to Vendors & Employees.
- Responsible for Generating & Delivering the Financial Reports & Corporate Reports to the clients on weekly/Monthly basis.
- Performing Balance Sheet Reconciliation tasks on monthly basis.
- Monitor & Review the Balance sheet reconciliations prepared by team members. Also review any open, unusual & aged items for closer.
- Month end closing and reporting.
- MIS Reporting.
Education
Post Graduate Diploma in Taxation - Taxation
Rajasthan University
Jaipur, RJ 2009.07 - 2010.05
Post Graduate Diploma in Financial Analysis & Cont - Financial Analysis & Control: Financial Management
Rajasthan University
Jaipur, RJ 2008.07 - 2009.06
Bachelor of Commerce - ABST Hons.
University Commerce College
Jaipur, RJ 2005.06 - 2008.05
12th Standard - Commerce
Maheshwari Public School
Jaipur 2004.04 - 2005.05
10th Standard (CBSE Board) -
Maheshwari Public School
Jaipur 2002.04 - 2003.05
Skills
Financial Accounting
Interests
Timeline
Assistant Vice President
Morgan Stanley Advantage Services Pvt. Ltd
2023.03 - Current
Finance Manager
Citicorp Services India Pvt. Ltd.
2021.02 - 2023.02
Associate Finance Controller
Maersk GSC India Pvt. Ltd
2019.04 - 2021.02
Supervisor Accounting
First Data India Pvt. Ltd - Mumbai, MH
2016.12 - 2019.04
Assistant Manager
WNS Global Services Private Limited
2013.10 - 2016.11
Team Leader
Wipro Ltd
2011.05 - 2013.10
Post Graduate Diploma in Taxation - Taxation
Rajasthan University
2009.07 - 2010.05
Post Graduate Diploma in Financial Analysis & Cont - Financial Analysis & Control: Financial Management
Rajasthan University
2008.07 - 2009.06
Bachelor of Commerce - ABST Hons.
University Commerce College
2005.06 - 2008.05
12th Standard - Commerce
Maheshwari Public School
2004.04 - 2005.05
10th Standard (CBSE Board) -
Maheshwari Public School
2002.04 - 2003.05
Similar Profiles
Sangeeta HizliSangeeta Hizli
Director (AVP) at Morgan Stanley Advantage Services Pvt. Ltd.Director (AVP) at Morgan Stanley Advantage Services Pvt. Ltd.
Shobha BhanjaShobha Bhanja
Project Manager, Change & Transformation at Morgan Stanley Advantage Services Pvt LtdProject Manager, Change & Transformation at Morgan Stanley Advantage Services Pvt Ltd
Bhavik BhansaliBhavik Bhansali
Director at Morgan Stanley Advantage Services Pvt LtdDirector at Morgan Stanley Advantage Services Pvt Ltd