Management Process

MAYUR SARPAL

Mobile: +91-927*******, 91-997******* (Wife)/ E-Mail:

*****.******@*****.***

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Process Management (Ireland Financial Reporting & UK Finance Operations)

Aspiring for senior level assignments with a leading organisation

EXECUTIVE DIGEST

o A judicious professional with nearly 8 years of experience in Off-shore

Transitioning, Balance Sheet reconciliation, Statutory reconciliations,

Statutory reporting, Financial reporting & Team Management.

o Proficiency in running successful process operations (UK finance),

identifying areas to reduce redundancy in process & service standards for

process excellence.

o Demonstrated excellence & selected for migrating the VAT & Tax

reconciliation process and Statutory & Regulatory process.

o Skilled in preparing procedure manuals for the business process &

identifying new areas of training within the process. Worked on GL

Accounting system such as Oracle 11i (EFS) & Peoplesoft.

o Adept in handling the Balance Sheet, capital & reserves reconciliations

to support the preparation of statutory accounts and preparing Expense

Analysis, Fixed Assets Schedule & Reconciliation of Globus (Sub-ledger)

System to Client Accounts.

o Expertise in administering performance management process by defining

clear objectives, roles & responsibilities, conducting regular

performance review, and giving feedback with a focus on people

development.

CORE COMPETENCIES

Transition Management Balance Sheet Accounts

Reconciliation Team Management

Balance Sheet Preparation VAT Accounting & Adhoc Activities

Statutory & Financial returns

Process Management (Finance)

o Examining, evaluating, reporting and recommending process improvements/

modifications.

o Preparing monthly MIS & productivity report

Operations Management

o Supporting Assistant Managers to identify & drive cost efficiencies by

providing process capacity analysis & performance challenges.

o Designing business processes for Quality improvements in meeting onshore

requirement.

o Analyzing processes and recommending process modifications to enhance

operational efficiency.

Transition Management

o Customizing a plan in preparing & implementing the Standard Operating

Procedure for transitioning the process.

o Managing specific finance transaction processes, reviewing SOP's and

suggesting improvements, ensuring any operational process changes are

taken into account.

o Monitoring processes, identifying & implementing improvement areas,

mapping business requirements with pre-set guidelines, setting up goals,

SOP & SLA, setting and maintaining control points.

Training & Development / Team Management

o Understanding development needs by conducting Training Need Analysis,

managing transition training of processes for the team and ensuring

effective knowledge transfer.

o Mentoring and coaching employees, developing skills and competencies of

team members, energizing team and providing career consulting, developing

talent pipeline.

o Developing a positive working environment to enhance productivity through

personal impact by way of devotionals, team meetings.

OVERSEAS / ONSITE EXPERIENCE

Travelled to London twice for migrating Statutory & Regulatory Process and

Reconciliation of UK Tax/ VAT & Equity Accounts.

ORGANISATIONAL SCAN

Since Aug'06 with BNY Mellon India, Pune

Lead Analyst (Process Lead)

Growth Path-

Aug'06-Nov'09 as Operations Executive in UK Finance

Dec'09-Nov'12 as Financial Analyst UK Finance

Since Dec'12 as Lead Analyst in Financial Reporting

Key Deliverables as Lead Analyst in Ireland Financial Reporting

o As a Fund Lead - responsible for timely delivery of Annual & Interim

Financial Reports relating to clients mutual funds.

o Involves use of Confluence Reporting Software tool to process & generate

output for final presentation of Financial Statements.

o Financial Statements involves preparation of B/S, PL a/c, Statement of

Equity, derivative parts like Future Note, Interest Rate, Risk Note,

Liquidity Risk, Fair Value Level Notes and Statement of Investment.

o Reviewing of Financial Statements & coordinating with Onshore for

relevant GAAP adjustments.

o To review additional disclosure relating to derivative instruments.

Key Deliverables as Analyst in UK Finance

o Supervising a team for preparation of Balance sheet accounts

reconciliation/ with accounting entries & responsible for the Quality

Analysis of Internal Error logs for Conceptual & Clerical Errors Captured

during the Monthly Audit process.

o Delivering training sessions to assist team members for better

productivity of work.

o Looking after the MIS Reporting of Error Rates based on Internal Audit

Files & Quality Analysis Sheet.

o Monthly Reviewing of Accounts & arranging weekly calls with Onshore.

o Interacting with clients & understanding their business requirements

o Accountable for preparing MIS reports and to liaising with onshore

clients for outstanding items in reconciliation and queries for the Cost

codes and accounts

UK Statutory Reconciliation Team

o Got chosen for migrating the Tax/ VAT & Equity reconciliation process

from BNY Mellon London, travelled to UK for 3 months onshore training.

o Prepared the Current & Deferred tax reconciliations for Mellon & BNY

group along with schedules to support Tax Computation returns filed.

o Looked after the preparation of Mellon VAT Settlement & BNY Group VAT

reconciliation along with Adhoc schedules to support the Quarterly &

Annual VAT return.

o Accountable for monthly and quarterly VAT accounting including booking

Irrecoverable VAT entries.

o Handled the reconciliation of Capital & Reserves reconciliations to

support the preparation of Statutory accounts.

o Oversaw the preparation of Expense analysis, Fixed Assets schedule &

reconciliation of Globus (sub-ledger) system client accounts.

o Reconciled the Inter-co account balances & preparation of settlement

schedules.

Deliverables as Operational Executive in UK Finance

UK Statutory & Regulatory Reporting for Bank of England (BOE)

o Selected for migrating the statutory & regulatory process from Mellon

Financial Corporation, London and travelled to UK for three months

onshore training.

o Preparation of monthly, quarterly and annual statutory statistical

returns like:

. BT Return - Balance Sheet.

. AD Return - Analysis of deposits from UK residents.

. BE Return - Additional sectoral data for monetary & lending analysis.

. AL Return - Analysis of lending to UK residents.

. IS Return - Further analysis of secured lending to UK individuals.

. IO Return - Further analysis of loans and advances to UK individuals.

. HF Return - Foreign direct investment transactions.

. ER Return - Effective Interest Rates Return.

. PL Return - Profit and Loss Return.

. BG Return - Transactions with non-residents-geographic location.

. CA Return - Currency analysis of liabilities and claims other than in

Sterling and Euros.

. CC Return - Country analysis of UK external claims.

. CL Return - Country analysis of UK external liabilities.

o Managed the maintenance of STB software reporting rules in compliance

with Bank of England regulations.

o Oversaw the preparation of analytical review to support/ validate

submissions.

o Monitored the compliance & regulatory controls and analyzed the

movement's month-on-month and provided explanation for the same.

Notable Attainments

o Streamlined the entire process flow of recharging the expenses to other

equitable entities by re-designing the process flow which resulted in

lesser impact of transaction being transferred to PL.

o Took initiatives in the preparation of capacity plan to migrate

additional volume which resulted in increase of business in off-shore.

o Functioned as part of the BNY Pioneer Team to Migrate business & achieve

process excellence.

o Prepared Procedure Manuals for the whole process and identified new areas

of training within the process.

o Automated a Process for Inter-company Reconciliations saving 4 FTE worth.

PREVIOUS EXPERIENCE

Jul'05 - Jul'06 with Exl Services Ltd., Pune

Operation Executive

Key Deliverables

o Was part of the Pilot process

o Timely & Qualitative completion of policy surrender & calculation of tax

to be submitted to HMRC.

o Accountable for auditing financial statements and preparation IRDA

reports.

o Reviewing the teams work to ensure reduction in errors.

PREVIOUS EXPERIENCE

Jul'04 - Jun'05 with First Policy Insurance Advisors Ltd., Pune

Financial Analyst

Key Deliverables

o Maintained the brokerage records from Insurance Co.

o Liaised with the clients for policy renewal.

o Accountable for auditing financial statements and preparation IRDA

reports.

o Looked after the reconciliation of Accounts Statements & Balance Sheet.

APPRENTICESHIP

Feb'97 - Oct'02 with M/s. Parmar & Co., Mumbai

Apprenticeship

Key Deliverables

o Undertook Statutory Audit of Pvt. Ltd. companies and Tax Audit of

Partnership firms.

o Accountable for the audit of Import & Export Co.

o Prepared Balance Sheet & other Financial statements and Tax returns of

Individuals.

ACADEMIA

o Masters in Business Administration- International Business in Import/

Export & Finance from Institute of International Business & Research in

2004.

o Masters in Personnel Management from Institute of Business Management &

Research in 2004.

o B.Com. from Mumbai University, Pune in 1998.

ACADEMIC PROJECT

o Completed MBA Project on Analysis of LPG Transportation Cost Structure at

Indian Oil Corporation for 2 months.

PERSONAL SNIPPETS

Date of Birth 14th November, 1976

Residential Address Manjri Greens, RH-26, Phase 4, Opp. Manjri

Stud Farm, Solapur Highway Road,

Manjri Budruk, Pune - 412307

Linguistics English, Hindi and Marathi

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