Ritesh Prasad Email and Phone Number
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Ritesh Prasad personal email
Over 15 years of accounting, tax and leadership experience gained from working in three (3) major international organisations: Westpac, Mercer and QBE.Broad accounting experience in both management and financial reporting. This includes month end reporting, executive and Board reporting, planning and reforecasting (including capital planning and cash-flow forecasting), financial statements (stand-alone and consolidated), technical accounting papers, and state government and APRA reporting.Stakeholder management – senior management, company board, business units, Group Finance, Group Investments, actuarial, PWC (external auditors), APRA, and WorkCover NSW. Manage, coach and develop five (5) onshore accountants, and eleven (11) offshore accountants.Key achievements in the last five years: acquisition of Hang Seng General Insurance in 2012, assessment and implementation of APRA’s new capital standard in 2013, QBE transformation project in 2013, sale of QBE’s agency entities to Steadfast in 2015, and trainer at the Financial Services Accountants Association.
Ive Group
View- Website:
- ivegroup.com.au
- Employees:
- 620
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Financial Reporting ManagerIve Group May 2016 - Present -
Financial Reporting LeaderQbe Insurance Dec 2009 - Apr 2016Sydney, AustraliaAccountabilities/Responsibilities:• Achieve unqualified audit opinion on financial statements, and regulatory returns.• Completion of stand-alone and consolidated general purpose financial statements of QBE's insurance and agency entities operating across Australia, Asia and Pacific.• Completion of Australian Prudential Regulatory Authority (APRA) returns for QBE's general insurance, lenders mortgage insurance and life insurance business.• Oversee reporting of QBE's management… Show more Accountabilities/Responsibilities:• Achieve unqualified audit opinion on financial statements, and regulatory returns.• Completion of stand-alone and consolidated general purpose financial statements of QBE's insurance and agency entities operating across Australia, Asia and Pacific.• Completion of Australian Prudential Regulatory Authority (APRA) returns for QBE's general insurance, lenders mortgage insurance and life insurance business.• Oversee reporting of QBE's management services entity that employs Australian staff and manages their employee benefits. The entity also manages fixed assets, and property lease arrangements. • Group and local Board reporting of divisional results.• Monthly state government reporting of NSW and Victoria Workers Compensation managed schemes.• Month end accounting, e.g. investment accounting, insurance loss reserving, booking of unclosed business, earnings adjustments, expense accruals, employee benefit provisioning, etc.. • Tax returns, BAS and PAYG returns.• Yearly ICAAP (Internal Capital Adequacy Assessment Process) planning for the Board (an APRA requirement).• Manage five (5) direct on-shore qualified accountants, and eleven (11) off-shore accountants in Manilla shared service centre.• Build relationship with internal and external customers/stakeholders (e.g. Actuaries, Group Finance, Group Investment division, PWC, NSW Workcover, APRA, etc).• Adhoc/project work (e.g. acquisition accounting on QBE’s purchase of Hang Seng General Insurance Limited in 2012, set up of QBE's Manilla Shared Service centre in 2013, disposal accounting of QBE’s sale of subsidiaries in 2015, technical accounting papers, e.g. capitalisation of new system). Show less -
Team LeaderQbe Insurance Apr 2008 - Dec 2009Sydney, AustraliaAccountabilities/Responsibilities• Achieve unqualified audit opinion on financial statements.• Completion of general purpose financial statements and APRA return of QBE Insurance (International) Limited [QBEI].• Tax calculations and Australian Tax Office returns required for the Australian element of the QBEI legal entity.• Coordinating the production of the quarterly consolidated group reporting packs, summary analytics by entity (for all entities in APNZ Division), and other… Show more Accountabilities/Responsibilities• Achieve unqualified audit opinion on financial statements.• Completion of general purpose financial statements and APRA return of QBE Insurance (International) Limited [QBEI].• Tax calculations and Australian Tax Office returns required for the Australian element of the QBEI legal entity.• Coordinating the production of the quarterly consolidated group reporting packs, summary analytics by entity (for all entities in APNZ Division), and other specified group reporting requirements for Asia, Pacific, and NZ entities (e.g. BMI to Longview reconciliation, inter-company, etc).• Provide FX Quarterly and ongoing hedging recommendation analysis for APNZ entities.• Build and maintain relationship with internal and external customers/stakeholders (e.g. Actuary, Group Finance, HO accounting staff, Regional FC, country staff, GID, RI Admin, PWC, APRA, etc).• Manage and coach an Assistant Financial Accountant.• Other work / adhoc requests and projects. Show less -
Senior Management AccountantQbe Insurance Jan 2006 - Apr 2008Sydney, AustraliaAccountabilities/Responsibilities• Consolidation and reporting of APNZ country results.• Preparation of Blue Book (detailed monthly reporting pack with executive summary) for Regional Managers and Senior Executives (including CFO and CEO). • Completing Board reports for Regional Managers (APNZ).• Coordinating and consolidating APNZ budget and reforecast.• Reviewing and rating country audit files.• Completing quarterly analytics for auditors and management (explanation of… Show more Accountabilities/Responsibilities• Consolidation and reporting of APNZ country results.• Preparation of Blue Book (detailed monthly reporting pack with executive summary) for Regional Managers and Senior Executives (including CFO and CEO). • Completing Board reports for Regional Managers (APNZ).• Coordinating and consolidating APNZ budget and reforecast.• Reviewing and rating country audit files.• Completing quarterly analytics for auditors and management (explanation of P&L movements by country and region).• Project Managing QBE International Transfer Pricing Project.• Managing Head Office charges and Reinsurance premium recoveries.• Maintaining relationships with country finance, actuaries, senior management, etc.• Automating processes by introducing Financial Information System (FIS) - a MIS system similar to Hyperion but with customised functionality.• Managing and coaching an Assistant Accountant. Show less -
Management AccountantMercer Human Resource Consulting Jul 2001 - Jan 2006Sydney, AustraliaAccountabilities/Responsibilities• Preparation of monthly management reports (including summary commentary) to Executive General Managers in Australia, Singapore and USA.• Month end accounting (income and expense journals eg. work in progress, accruals, bonus provisions, and reviewing of expenses, etc).• Projection each week of monthly fee income.• Preparation and updating of monthly Business Unit reforecasts.• Preparation of annual Business Unit budgets.• Reconciliation… Show more Accountabilities/Responsibilities• Preparation of monthly management reports (including summary commentary) to Executive General Managers in Australia, Singapore and USA.• Month end accounting (income and expense journals eg. work in progress, accruals, bonus provisions, and reviewing of expenses, etc).• Projection each week of monthly fee income.• Preparation and updating of monthly Business Unit reforecasts.• Preparation of annual Business Unit budgets.• Reconciliation of designated balance sheet accounts (including work in progress, and inter-office for Singapore, UK, US and Marsh McLennan (our parent company)).• Quarterly reporting and variance analysis to Global US Head Office on Mercer’s information technology expenses and NERA Balance Sheet and P&L (US GAAP). • Settlement of inter-company accounts.• Build relation with Executive General Managers.• Answer queries from management, Corporate Finance colleges (in Australia, US, Singapore and the UK), and both internal and external auditors.• Credit card payment control.• Special ad-hoc projects, e.g. yearly insurance renewal, Sarbanes Oxley Project (internal audit of Mercer Trust contracts) and assist management with business proposals/modelling. Show less -
Management AccountantWestpac Nov 2000 - Jul 2001Sydney, AustraliaAccountabilities/Responsibilities• Monthly P&L and commentary on variance analysis. • Monthly Balance Scorecard to Managers.• Month end journal processing and balance sheet reconciliation.• Analyses of project spend to budget.• Planning expenses/income (cost recharges) by liasing with Business Units/ Managers.• Budgeting & pricing of Information Technology costs.• Managing and coaching staff. -
AnalystWestpac Jul 2000 - Nov 2000Sydney, Australia -
Assistant Management AccountantWestpac Aug 1999 - Jul 2000Sydney, Australia. -
Accounting Officer / AnalystWestpac Aug 1998 - Aug 1999Sydney, Australia -
Personal Lending OfficerAustralian Guarantee Corporation Jul 1997 - Aug 1998Sydney, Australia
Ritesh Prasad Skills
Ritesh Prasad Education Details
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Accounting And Finance -
Securities Institute Of AustraliaApplied Finance & Investments -
University Of Western SydneyAccounting & Law
Frequently Asked Questions about Ritesh Prasad
What company does Ritesh Prasad work for?
Ritesh Prasad works for Ive Group
What is Ritesh Prasad's role at the current company?
Ritesh Prasad's current role is Financial Reporting Manager, IVE Group.
What is Ritesh Prasad's email address?
Ritesh Prasad's email address is ri****@****qbe.com
What schools did Ritesh Prasad attend?
Ritesh Prasad attended Institute Of Chartered Accountants In Australia, Securities Institute Of Australia, University Of Western Sydney.
What skills is Ritesh Prasad known for?
Ritesh Prasad has skills like Financial Reporting, Financial Analysis, Financial Accounting, Financial Modeling, Coaching, Management, Team Leadership, Oracle, Hyperion, Essbase, Tm1, Business Analysis.
Who are Ritesh Prasad's colleagues?
Ritesh Prasad's colleagues are Gavin Wallis, Poling Chan, Jodi Mcfarlane, Michael Paganoni, Donatella Zennaro, Richard Bui, Douglas Marques Cardozo.
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2colonialfirststate.com.au, hotmail.com
1 +61 2 9XXXXXXXX
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2yahoo.com, leaseaccelerator.com
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Ritesh Prasad
Senior Business Analyst Cbap®| Data Analytics | People Management | Business Transformation | Process Improvement |Greater Sydney Area3macquarie.com, metcash.com, woolworths.com.au1 +612974XXXXX
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1mlc.com.au
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