Pune, Maharashtra, India
Investment valuation, impairment, Hedge designation, Amortization, Asset designation and risk reporting as per IFRS
Hedging and risk management
Valuation of financial investments (Fixed income securities, equity and derivatives in Unit linked and Non-ULK portfolio) held by AXA: Book Accrual/ deferral of interest for Monetary items, Interest rate adjustment, Amortization and valuation as per IAS 39/IFRS 9. Impairment: - Perform impairment test for financial assets based on criteria defined in IAS 39/IFRS 9, prepare Impairment report for securities to be impaired and deliver the same to investment managers for final approval. Hedge Accounting & designation: Cash flow hedge accounting for interest rate swaps and cross currency swaps, Calculate effectiveness of cash flow hedge, change valuation class of derivative, Posting of manual entry for transfer of FX amount of Cash flow hedge from OCI to P&L as per IAS21 and for transfer the amount of URGL from OCI to P&L at the time of discontinuation of hedge or impact of hedging item in P&L. Accounting for inter company trades, Calculation of amortisation of premium of cross currency swaps and Bermudian swaption. Quarterly Calculation of interest rate sensitivity (Duration) for bonds based on yield curve, NAV reconciliation Reporting:- Preparation of Financial reports on investment products and reporting of P&L, Cash flow statement , Balance Sheet, footnote schedules. Income Statement trend and variance analysis. Prepare financial statements and disclosures (IFRS 13- Fair value measurement, credit default swaps etc.) Review the Balance Sheet accounts and Profit & loss accounts at macro level & ensure integrity of all reported financial statements. Regulatory reporting as per solvency 2 pillar 3 and report them at IRIS. Leading transversal team of AXA Business services had prepared and guided team member on Automation and standardization of process throughout the AXA. Managing team of 6 CA qualified team member Working Experience on SAP, Magnitude & Business objects.
hedge fund reporting
Analysis of finacial statments
risk management of derivative portfolio