Paresh Bhandari Email & Phone Number

Bengaluru, Karnataka, India

• • Control Design & Testing: Performed process review for Intercompany processes and identified weakness in the control design evaluation on the reconciliation of intragroup transaction leading to an adequate rating of the process.• Reconciliation: Analyzed Economic P&L, Accounting P&L and their reconciliation thereof identifying system weakness in the back office system leading to incorrect accounting of income from financial derivative instruments generating inaccurate Pnl for the quarter and suggested action plan resulting in correct flow of data.• Balance Sheet Certification: Certified balance sheet balances marked as “Green” by the team and identified a balance of EUR 15m which was incorrectly certified due to lack of SOP by the BCT team leading to a wrong certification and incorrect balance reporting. Followed up with the stakeholders to report this anomaly and decided on an action plan resulting generation of SOP for the process. • Balance Sheet Certification (BCT): Performing new play testing for America (AMER) region on Balance sheet accounts for balances that are certified by the first line of defense making sure the amounts are correctly certified with all the supporting with end-to-end process.• Intercompany Reconciliation: Auditing and reconciling the trades happening between parent and child companies to make sure the balances at group level in the consolidated balance sheet are coming to zero.

Bengaluru, Karnataka, India

• Stakeholder Management and Collaboration: Collaborating with Big4s to get the books of accounts audited. Unqualified audit report received for the audit conducted. Presenting the financial results to the Board of Directors.• Training and Communication: Providing training on the processes of an entity’s workings to team members resulting in deeper understanding of the workflow. • Variance Analysis: Identifying cost variances arising within various cost objects to justify and close the gap. Performing monthly review of Balance sheet and P&L items to check the completeness and accuracy resulting in unqualified audit opinion. • IFRS Compliance: Analysing the data on SAP and checking compliance with IFRS to ensure correct accounting as per local laws leading to smooth year-end book closures. • Statutory Reporting: Reviewing and approving tax returns including Corporate Income Tax, Withholding tax, and VAT return filing to ensure timely filing of returns as per country-specific timelines. Identified VAT input credit which was not considered while payment resulting in reduced VAT liability.

Udaipur, Rajasthan, India

• Process Improvement: Auditing the internal controls to identify risk areas and put controls in place resulting in the reduction of the project cost by 1%. And inventory cost by 2%• Change Management: Implementing new systems in place and providing training to the team members resulting in smooth implementation.• Strategic Development: Priced the product researching the target customer segment resulting in higher outreach and better sales.• Financial Forecasting and Budgeting: Developed overhead budgets allocating them to various cost centers forecasting cash flow analysis for the next 5 years and performing variance analysis comparing actual vs budgeted costs resulting in better forecasting and cost control measures.

Kingston Upon Thames, England, United Kingdom

> Audited inventory to resolve delays relating to searching for a product in turn increasing customer satisfaction.> Resolved customer queries and interacted with them resulting in customer satisfaction and increased sales.

Udaipur, Rajasthan, India

• Process Improvement: Auditing the internal controls to identify risk areas and put controls in place resulting in the reduction of the project cost by 1%. And inventory cost by 2%• Change Management: Implementing new systems in place and providing training to the team members resulting in smooth implementation.• Strategic Development: Priced the product researching the target customer segment resulting in higher outreach and better sales.• Financial Forecasting and Budgeting: Developed overhead budgets allocating them to various cost centers forecasting cash flow analysis for the next 5 years and performing variance analysis comparing actual vs budgeted costs resulting in better forecasting and cost control measures.

Udaipur, Rajasthan, India

Worked as an auditor to consult clients on tax returns and financial statements.

Ahmedabad, Gujarat, India

As a statutory/internal auditor worked with various clients to consult on accounting and business process.

Ahmedabad, Gujarat, India

As an internal auditor conducted process audit of various clients to consult them on internal process improvement for the business.

Chartered Accountancy First Group Cleared, Finance, General

Master Of Business Administration - Mba, Business Administration And Management, General

Bachelors In Commerce (B.Com), Business/Commerce, General