PRACHI SAMEL

*** **** **** **** ******, AL *****

Phone: 205-***-****, Email: acy5fh@r.postjobfree.com

PROFILE

MBA, CPA, CGMA and CA (CPA equivalent certification recognized Europe/Asia) having 15+ years of experience in global taxation and finance/accounting. Currently working with BBVA Compass-a wholly-owned subsidiary of BBVA Spain, reporting directly to the Director, Tax, and is primarily responsible for tax financial reporting, regulatory and the corporate income tax processes. My current position involves interaction with CFO, divisional finance directors and controllers, corporate finance and accounting personnel on tax accounting matters.

Work Experience

BBVA Compass, Birmingham, AL

BBVA Compass is a leading U.S. banking franchise with operations throughout the Sunbelt region. With $90 billion in total assets, $2 billion in revenue, 40 + subsidiaries, BBVA Compass ranks among the top 25 largest U.S. commercial banks based on deposit market share. BBVA Compass operates through three major business units – Commercial Banking, Retail Banking and Wealth Management.

Vice President, Senior Manager Corporate Tax Accounting

Mar 13 – Present

Summary of Responsibilities-

Responsible for BBVA’s various projects and assignments on tax accounting, federal and state tax planning, audit and compliance, process improvements, capital planning, regulatory requirements and leadership and mentoring of the tax staff. Reports to Vice President of Tax and manages tax staff 3 including 1 state tax manager. Winner of Top Performer Annual Incentive Recognition program - Pinnacle Club 2015.

Vulcan Materials Company, Birmingham, AL

Vulcan Materials Company is the nation’s largest producer of construction aggregates with $3.4 billion in revenue and 40 + subsidiaries including two foreign owned subsidiaries.

Tax Manager

Apr 07 – Feb 13

Summary of Responsibilities-

Responsible for domestic and international tax accounting, federal, state and international tax planning, federal audit and compliance, process restructuring/ improvements and leadership and mentoring of the tax staff. This position required interaction with divisional finance directors and controllers, corporate finance and accounting personnel. Reported to Director of Tax and managed tax staff 4.

Boohaker, Schillaci & Company, PC,, Birmingham, AL

Accountant

Oct 04 – Apr 07

Summary of Responsibilities-

Responsibilities include managing preparation of Corporate, Partnership and Individual federal and state tax returns, Gift Tax returns, Estate tax returns, City auditor

Deloitte, Haskins and Sells (Formerly A.F. Ferguson & Co.), Mumbai, India

Tax- Assistant Manager

Jun 97-Dec 00

Summary of Responsibilities-

Responsible for handling complex tax matters of multinational corporations, including compliance, controversy and litigation.

Certifications

CGMA - July 2012

Certified Public Accountant – Alabama State board of Accountancy- August 2005

Chartered Accountant- Nov 1996 - (a certification equivalent to CPA recognized in Asia and Europe). Ranked 19th in India in the Chartered Accountant certification exam.

Education

Master of Business Administration

December 2002, University of South Florida College of Business, Tampa, FL

Major: Advanced Financial Institution and Markets, Finance, International Business, MIS (Cumulative GPA 3.94/4.00)

Bachelors in Financial Accounting

1994, Univ. of Bombay, India

ACADEMIC PROJECTS

Co-Authored a research paper “Behavioral Factors Affecting the Retirement Decision" accepted at European Financial Management Association, Annual Meeting 2003.

Completed research projects: “Multinationality and firm’s performance”.

EXPERIENCE IN TAX TECHNOLOGY

OneSource, Checkpoint, BNA, Tax Analyst, Vertex, CorpTax, CCH, IBM Cognos, Hyperion, Oracle Financials

PRACHI SAMEL

136 High View Cove Pelham, AL 35124

Phone: 205-***-****, Email: acy5fh@r.postjobfree.com

Addendum

BBVA Compass, Birmingham, AL

Vice President, Senior Manager Corporate Tax Accounting

Mar 13 – Present

Tax accounting/provision-

Manages the Company’s income tax provision and ensures that the Company’s tax financial reporting obligations are in compliance with the rules (ASC 740) governing accounting for income taxes. This includes:

a.Completion of the tax provision model, ensuring the accuracy of the consolidated effective income tax rate.

b.Quarterly and year end SEC income tax disclosures for financial reporting

c.Valuation allowance analysis

d.Accrual for all uncertain tax positions

e.Deferred rate change calculation

f.Compliance for all Sarbanes-Oxley (SOX) 404 controls, ensuring that the controls are working properly

Experience in tax accounting for mergers and acquisitions.

Manages the tax accounting for separate financial statements of a subsidiary in compliance with ASC 740-10-30-27

Leadership/Project Management-

Represents tax in management committee meetings related to capital planning, analysis of ETR.

Manages the tax processes involved in the annual capital plan submission under the Comprehensive Capital Analysis and Review (CCAR) program of the Federal Reserve.

Lead role in automation of the tax processes involved in low income housing federal tax credit calculation

Provides leadership, mentoring and development opportunities to the tax staff

Worked with EY’s national subject matter expert on failed bank acquisitions in analysis of cumulative temporary differences and prove out of deferreds related to acquisition of failed bank resulting into correction of $200 million of gross temporary difference

Assisted the outside consultants in completion of Section 382 study.

Assisted the outside consultants in completion of Research and Development Tax Credit study

Tax Compliance/Controversy-

Co-manages consolidated federal tax return compliance. This also includes:

a.Review of the calculation of temporary differences for the Company

b.Review of the calculation of return to provision differences and explanation for any significant differences.

c.Managing the detailed “prove out” of the Company’s current and deferred income tax accounts on an annual basis.

Manages 100+ required combined/unitary/separate state tax returns.

Manages tax audits federal and state

Tax Planning-

Implemented Tax planning idea under BASEL III for CCAR resulting into a significant improvement in capital ratios

Assists the Vice President of Tax in tax planning projects involving federal and state tax planning on mergers and acquisitions:

a.Led due-diligence on stock acquisition transaction to identify and minimize potential tax risk associated with integration of the new entity

b.Worked on merger of entities under common control

c.Led the project calculating Earnings and Profits pool of the target prior to the transfer of business in the transaction treated as Cash D re-organization.

Research tax law changes related to federal and state

Manages income tax projections to be used in several areas of the Company’s strategic planning. Work with corporate finance to ensure that the assumptions made in the income tax projections align with all other projections made by the Company.

Vulcan Materials Company, Birmingham, AL

Tax Manager

Apr 07 – Feb 13

Tax accounting/provision-

Managed Company’s quarterly income tax provisions. Ensured the Company’s tax financial reporting obligations are in compliance with the rules (ASC 740) governing accounting for income taxes. This included:

Completion of the tax provision model and ensured accuracy of the consolidated effective income tax rate and business regions’ cash tax rates;

Calculation of statutory depletion deduction for the Company (statutory depletion deduction was the company’s most significant permanent benefit ranging between $60- $90 million pre tax)

Foreign tax credit calculation

Valuation allowance analysis and schedule reversals of the temporary book to tax differences.

Accrual for all uncertain tax positions

APB 23 assertion

Quarterly and year end SEC income tax disclosures for financial reporting.

Compliance for all Sarbanes-Oxley (SOX) 404 controls, ensuring that the controls were working properly.

Leadership/Project Management-

Lead role in restructuring of tax processes to remediate significant control deficiency

Led the process of outsourcing the federal compliance, reorganize the tax processes to supplement the outsourcing

Led the project calculating Earnings and Profits pool and the foreign tax pool of the Mexican CFC and lower tier subsidiaries of the Mexican CFC

Led the project modeling of overall foreign loss (OFL), overall domestic loss (ODL), foreign tax credit utilization for Valuation allowance analysis

Represented tax in management meetings analyzing ETR, statutory depletion

Assigned and managed the work responsibilities of senior tax accountants. Provided leadership, mentoring and development opportunities which enhanced the Tax Department’s overall efficiency.

Tax Compliance/Controversy-

Assisted E&Y in the preparation and timely filing of the Company’s required federal, state tax returns (approximately 140 returns), including the U.S. reporting of the company’s international operations.

Review of the calculation of temporary differences of the Company

Analysis of significant return to provision differences.

Preparation of the detailed “prove out” of the Company’s current and deferred income tax accounts on an annual basis.

Preparation of Forms 5471, 1118, 8865

Assisted the Manager, Tax Audits on federal tax audits with information gathering related to proposed adjustments. This included preparing the accrual for all uncertain tax positions and agreed upon adjustments.

Tax Planning-

Assisted the Manager, Tax Planning with tax research, risk mitigation and planning issues.

Worked with Treasury modeling the impact of debt obligation cost on statutory depletion

Assisted outside consultants in preparation of Transfer pricing studies;

Kept currently informed on new developments in tax matters and current corporate or business region practices.

Boohaker, Schillaci & Company, PC,, Birmingham, AL

Accountant

Oct 04 – Apr 07

Tax Compliance-

Preparation of corporate, partnership and Individual federal and state tax returns, Gift Tax returns, Estate tax returns

Tax projection for individual, partnership and corporate clients.

Worked as Government Auditor for the city.

Compilation of corporate and personal financial statements.

Deloitte, Haskins and Sells, Mumbai, India

Tax- Assistant Manager

Jun 97-Dec 00

Tax Planning –

Planned taxes for a confectionery product leader in India, which resulted in tax savings of around Rupees 5 million in one year.

Consultation on foreign exchange regulation and company law matters.

Tax Compliance/Controversy-

Significant compliance experience managing engagement of consolidated tax return preparation of multinational corporations.

Opined on complex tax issues of multinational corporations

Representation to tax authorities on behalf of clients in tax litigations

Assisted tax counsels on preparing legal briefs on tax litigation matters

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