Experienced Chartered Accountant looking for job opportunities in Canada.

1. Mobile: +16473624415/+91-9582444333
Email: Nitishkalra11@gmail.com
https://www.linkedin.com/in/nitish-kalra-a369b2143/
NITISH KALRA
OVERVIEW  Detailed oriented Chartered Accountant from The Institute of Chartered
Accountants of India with an experience in Accounts, Audit, Taxation and
reporting as per IFRS,US GAAP and IAS. Also possess knowledge of formulating
and implementing the Accounting Policies/ Procedures, Consolidation,
Accounting Standards and Principles, Taxation Principles with the ability to
relate theory with practice.
SKILLS  Involved in scrutinizing the Legal documents like Legal partnership agreements
& Management agreements to ensure compliance & adherence with them
funding of investments.
 Preparation of capital call workings as per the funding requirement & call
notices to arrange the required funds in time to fund the Investments.
 Preparation of financial statements & related Notes to Financial Statements to
get them audited on yearly basis.
 Involved in calculation of Carry if the IRR exceeds the threshold limit &
apportionment of such performance fee to the General Partner & the Principal
Investors.
 Responsible for month end close of funds thereby calculating the income like
Interest etc. & posting the accruals in the eFront system.
 Involved in calculation of management fee of the funds payable to Investment
Manager.
 Responsible for the preparation of partner’s capital report thereby showing the
NAV of the Partner alongwith the NAV of the fund.
 Involved in management reporting analyzing & reviewing the management
accounts & scrutinizing the commentary provided thereof on variances by
ascertaining the reasonableness & correctness.
 Involved in review of capital call workings, flow of funds consequent to capital
call & review of the capital call notices to the investors.
 Involved in preparing the board papers to be presented in board meeting to
discuss & approve various resolutions.
 Analyzing the investor report & responding to various stakeholder queries.
 Assessment of impact of Revenue Recognition (IFRS15) and Financial
Instrument (IFRS9) standard as per IFRS.
 Reviewing & analyzing the budget & variance analysis to determine difference
between projected & actual.
 Involved in reviewing the distributions workings & notices to the investors in
the form dividend & return of capital.
 Review of the resource cost (Fund managers, Project managers, CEO & CFO
cost) allocated to various funds to ascertain & analyze whether the same has
been apportioned to the correct project & report the significant fluctuations
therein.
 Involved in ensuring the timely disbursement of all month end payments of

2. invoices & recording the same in the system per the agreed KPIs.
 Involved in people management role thereby handling a team of 3 direct
reports.
 Responsible for the Preparation of Quarterly & Annual Statutory Report like
“Orange Blanks” (Financials of US Health insurance entities to NAIC) with
Supplemental schedules as per the SSAP norms, electronic filing of financial
Statement to NAIC and various state departments.
 Conversion of books of accounts prepared on the US GAAP accounting principle
to Statutory accounting principles (SSAP).
 Finalizing financial statement (Balance Sheet, Income Statement, Capital and
Surplus, Cash flow statement) for legal entity which also includes STAT
Adjustments, Trial Balance Analysis, Investment schedules, Claims Exhibits,
Notes to Financial statements, General Interrogatories, Risk Based Capital
Statement and related schedules.
 Preparing quarterly financial analytics of the financial statement to explain
material variances comparing prior year financial statement by providing high
level commentary.
 Preparing quarterly/annual Board package and present them to CEO/CFO and
other controllers of the legal entities. Board packages includes financial report,
financial statement summary, financial analytics, state financial examination
status, net worth requirement report, notes to financial statement and financial
statement certification.
 Preparing and finalizing State Supplement & other Orange Blank filings which
includes Accidental & Health Exhibit, Executive review package for Audit
committee & Legal Team
 Preparation of various dash boards for management & presenting the financial
results to CEO / CFO for discussion and analysis.
 Responsible for the preparation of management discussion and analysis
forming the part of annual financial report.
 Periodic scrutiny of general ledger and analysis of trial balance to ensure that
accounts reflect correct position of balances.
 Preparation of Audited Financial Statement (AFS) which includes creating audit
papers like Audit planner, Financials as per Audit requirement, Global
Footnotes, Validating SSAP applicability, Audit query resolution, Management
Representation Letter and Filing of Audited Financial Statements
 Analysis and review of quarterly capital planning forecast files so as to ensure
legal entities has sufficient Capital and surplus to declare dividend or otherwise
capital infusion required.
 Preparation of previous year current year workpaper assisting the auditor to
look for the correction of errors, change in estimation, omissions pertaining to
current year & previous year & later on posting entries specified therein.
 Responsible for mark to Market monthly accounting as per US GAAP for
Investment Portfolio of Bank of America.
 Involved in reconciling the balances of MTM account, deferred tax account &
other income account standing in GL with Sub ledger balances as per the
reconciliation compliance policy.
 Involved in preparing & posting of various Journal Entries related to accruals,
reclasses, prepayments & creating outstanding.
 Comparing Plan vs. Actuals and finding out reason for variances and deploy
actions such as revising the plans/forecast for future period.
 Analysis & review of OOPS report (Out of pocket Expenses & Indirect Expenses)

3. to ascertain its allocation on the correct project & correct business segment.
 Preparation of counterparty credit risk report reporting therein the credit loss
exposure related to counterparties of the company required as per the Banking
regulations.
 Maintaining debt portfolio in relation to loan provided by GE Real Estate
through its asset manager taking into consideration fees, discount, interest
accruals and remittance of debts.
 Preparing & maintaining fixed asset schedule (Recording Acquisitions,
Dispositions etc.)
 Prepare & maintaining Depreciation schedule.
 Perform month end accounting, preparation & posting of journals in Oracle GL
for different BSLA’s as per the IFRS.
 Involved in preparation of various intercompany loans reconciliations, analyzing
& reconciling the unreconciled items therein.
 Monthly & quarterly management reporting including Balance sheet analysis,
cash & cash equivalents, other assets reports etc. along with variance analysis &
providing commentary on the major drivers by using Hyperion Essbase.
QUALIFICATION
EXPERIENCE
Chartered Accountant (Verified by WES) (November 2012)
The Institute of Chartered Accountants ofIndia
Bachelor of Commerce(2009)
(University of Delhi)
 Fidelity International Ltd : Manager May 2019 to Present
 Macquarie Global Service : Assistant Manager Aug 2018- April 2019
 United Health Group : Assistant Manager May 2016- Aug 2018
 Bank of America Merrill Lynch : Team Leader July 2014- April 2016
 Genpact GE Real Estate : Management Trainee June 2012-June 2014
 P. Kapoor and Co : Article Assistant Jan 2008- June 2011
TECHNICAL SKILLS
 Oracle JD Edwards
 PeopleSoft
 Hyperion
 Wings
 Blackline
 Efront
 Tally
 Hubble