CA PALASH SHARDA
Deputy Manager | Financial Reporting | MIS | Accounting | Auditing | Taxation | IFRS 9, 16 & 17 | Ex - Deloitte & HDFC Life
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Summary: Expertise & Leadership
8 Years of Experience
Chartered Accountant with extensive experience in finance, accounting, auditing, and regulatory compliance across diverse sectors.
Oman Qatar Insurance Co.
Working with a leading insurance company in Oman, a subsidiary of Qatar Insurance Group, a dominant player in MENA & GCC.
IFRS Compliance
Strong knowledge of IFRS 4, 9, 16, and 17, with hands-on experience in preparing and reconciling insurance-related financial data.
Key Specializations
Financial Reporting
Budgeting, variance analysis, and IFRS compliance.
Team Leadership
Leading cross-functional teams and providing financial insights.
Process Optimization
Implementing automated systems and enhancing operational efficiency.
Strategic Decision-Making
Financial forecasting, investment analysis, and liquidity management.
Experience: Oman Qatar Insurance Company
1
May 2025 - Present
Deputy Manager
  • Developed comprehensive Financial Analytics file, recognized by CEO.
  • Identified cost-saving opportunities, reducing operational expenses by 5%.
  • Experienced in Pillar 2 GIoBE tax, corporate tax, VAT, IFRS 9 ECL, and related party transactions.
2
July 2019 - May 2025
Assistant Manager
  • Implemented training program for finance team, enhancing reporting standards.
  • Spearheaded initiatives improving financial reporting accuracy and efficiency.
  • Successfully implemented automated reporting tools, reducing reporting time by 20%.
Key Achievements at Oman Qatar Insurance
Cost Reduction
5% reduction in operational expenses, 10% improvement in financial performance.
Automated Reporting
Reduced reporting time by 20% and improved accuracy.
Merger Integration
Ensured seamless financial operations and IFRS 4 & 17 compliance.
Enhanced Profitability
Reduced finance costs by 2% and increased incremental income by 2%.
IFRS 17 Expertise
1
Data Finalization
Finalizing input data for IFRS 17 Insurance and reinsurance portfolios.
2
Compliance Review
Reviewing output files and disclosures to ensure compliance with international financial reporting standards.
3
PAA Workings
Exposure to IFRS 17 workings on Premium Allocation Approach (PAA), including Loss component, Risk Adjustments, Discounting, DAC & UCI.
Previous Experience: Deloitte & HDFC Life
Deloitte
Assistant Manager (Aug 2018 - Jul 2019)
  • Led statutory audits and limited reviews for listed companies.
  • Managed stock audit for ACC Cement's Kymore plant.
  • Reviewed SOPs and internal controls; finalized audit reports.
HDFC Life
Associate Manager (Aug 2017 - Aug 2018)
  • Finalized consolidated financial statements and key presentations.
  • Prepared financial analyses for quarterly investor presentations.
  • Ensured timely submission of reports to regulatory authorities.
Early Career: PD SARAF & CO.
Statutory Audits
Led audits for various industries: manufacturing, stock broking, hospitality.
Internal Controls
Engaged in internal audits, focusing on improving control frameworks for HR and payroll.
Tax Compliance
Assisted with income tax return preparation and tax audit filing.
Compliance & Analysis
Ensured compliance with Accounting Standards and performed SWOT Analysis.
Top Skills & Languages
Top Skills
1
Analytical Reasoning
2
Data Analysis
3
Critical Thinking
Languages
1
English (Full Professional)
2
Gujarati (Full Professional)
3
Hindi (Full Professional)
4
Marwari (Full Professional)
Education & Certifications
Chartered Accountant
The Institute of Chartered Accountants of India (2012 - 2017)
Associate's Degree, Insurance
Insurance Institute of India (2020 - 2021)
Licentiate Degree, Insurance
Insurance Institute of India (2019 - 2020)
CS Final
The Institute of Company Secretaries of India (2014 - 2018)
Bachelor of Commerce (B.Com.)
Mohanlal Sukhadia University (MLSU), Udaipur (2012 - 2014)
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