Prachi Jain

  • Account Manager | Sales Representative
  • Parkville, Maryland 21234
  • May 22, 2017
Full time Accounting Financial Services

Personal Summary

Highly analytical, performance-focused, and multifaceted professional, offering hands-on experience in finance and accounting; complemented with expertise in auditing, taxation, and account reconciliation. Equipped with proven ability to handle increasing levels of responsibilities; formulate innovative solutions; and comply with established policies and procedures toward set-forth goals attainment and company growth. Articulate communicator; able to establish positive relationships and work collaboratively with individuals of diverse backgrounds.

Work Experience

Executive
Macquarie Global Services Private Limited
  • Performed accounting responsibilities, which involved the following:

  • Underwriting of fees for Macquarie as a lead and co-manager in initial public offering (IPO), calculation and settlement of fees to be submitted to co-managers;

  • Investments in accordance to international financial reporting standard (IFRS) 9, including available for sale (AFS), debts, associate, warrants, impairments, valuations, and instruments

  • Efficiently executed preparations of various documents including:

  • Effective interest rate (EIR) models for loans at amortized cost gave as well as fixed and floating rate of interest, while modifying expected cash flows and contractual rate of interest;

  • Investment reports for Macquarie Capital Group for distribution to multiple stakeholders; and

  • Accounting file notes for Macquarie’s investments pertaining to circumstances and reasons for investment classifications based on IFRS 9

  • Conducted profit and loss (P&L) forecasting to provide revenue summary to top-level management

  • Observed strict compliance of investments with Australian Accounting Standards Board (AASB) 7 involving provision and categorization of sensitivity analysis as Level 1, 2, or 3 instruments based on requirements

  • Adhered to transfer pricing requirements and distributed fees among various regions; maintained service level agreements to conform with tax requirements

  • Thoroughly assessed and rendered P&L commentaries on major movements for Macquarie Capital Group for the reference of the top management

  • Reviewed impaired and non-recoverable loans and fee debtors to comply with Australian Prudential Regulation Authority (APRA) reporting

  • Demonstrated expertise in PeopleSoft general ledger (PSGL) as well as in setting up cost centers for multiple investments of the company

Notable Accomplishments:

  • Drove efforts in performing automation of Microsoft Excel templates used in posting valuations of investments and transferring pricing journals listed in stock exchange

  • Successfully altered work from USA including accounting for investments with amortized cost, while executing EIR models setup in compliance with credit agreements

  • Contributed industry knowledge for an online portal named as Deal Gateway within the business and finance platforms

Business Process Analyst
Agilent Technologies Private Limited
  • Took charge of accounting and presenting reports on intra-corporate transactions of business units across the globe in compliance with US generally accepted accounting principles (GAAP) which involved:

  • Monthly management reporting; merging and acquisition (M&A) oversight;

  • IC accounts receivable (AR)/accounts payable (AP) reconciliations supervision; and transfer pricing

  • Rendered effectual support to reporting transformation using Hyperion in rendering MEC analytics, audit packs, and management reports; as well as to the GIO Automation project

  • Guaranteed the accuracy and compliance of books of accounts with regulatory requirements of various units worldwide and conducted follow ups with country controllers to solve settlement issues of aged items

  • Performed thorough analysis of the following:

  • Cost occurring in legal entities and integration with US to various allocation drivers;

  • Accounting accuracy in various ERPs globally, while determining and correcting route cause of accounting errors from data processors

  • Fulfilled multiple accounting and administrative tasks including:

  • Execution of process changes in allocating costs after confirmation from various country controllers and pricing managers;

  • Maintenance and reporting of key metrics; IC Elimination at US GAAP; monthly reporting, and customer orientation;

  • Preparation of IC cost of goods sold (COGS) reconciliation to determine variances among US console level due to IC transactions and follow up for resolutions; and

  • Distribution of metrics and settlement statements to top management and business unit heads

  • Took charge of ensuring Sarbanes-Oxley Act (SOX) compliance for all key and non-key controls; updated process documentation toward error-free environment

  • Kept record of books on ERP viz SAP (Financial Module - R/3) and Oracle (Financial Module – R12); solved sub-system SAP to Oracle interface issues

Notable Accomplishments:

  • Played an integral role in developing a complete accounting process of the Agilent Brazil Business Unit, while providing consideration to statutory compliances, tax rules and regulations based on local legal acts

  • Earned commendation for receiving the following awards:

  • Great Going Award for supporting tax audit;

  • Ranking as the #1 employee in the department for fiscal year (FY) 2012; and

  • Recognition Award for working on clean-up of ageing balances and rectification of accounting errors

Article Assistant
Vyas & Vyas Chartered Accountants
  • Held full accountability in conducting the following:

  • Credit performance appraisals for HDBC Bank for cash credit (CC) and overdraft (OD) and bank guarantee;

  • Stock audits, such as physical verification of inventory and analysis of aging debtors and creditors to estimate the drawing power for CC/OD limits;

  • Internal audit for export houses, such as report preparation to aid the management in reducing expenditure; and

  • Computation of taxes owed and preparation of tax returns for individuals and Hindu undivided family (HUF); strict compliance of individuals with payment, reporting, and other tax requirements

  • Generated final statements including balance sheet, P&L account, schedules, income tax returns, and audit reports such as forms 3CD and 3CB, as well as annual reports and returns in relation to return on capital (ROC) and corporate law

Notable Accomplishments:

  • Handled key clients including the following:

  • HDFC Bank, in charge of processing more than 200 cases for CC/OD limits on credit appraisals including stock audit and calculation of drawing power;

  • National Thermal Power Corporation (NTPC), responsible for statutory audit of Badarpur Plant involving director fees calculation, depreciation verification, and schedule finalization; and

  • Bank of Baroda, accountable for executing statutory audit such as verification of loan applications and classification of assets as non-performing assets (NPA)

Education

Bachelor of Commerce, Major in Accounting and Taxation
Rajasthan University