NITESH TILWANI
Basingstoke,United Kingdom
Summary
A qualified ACA with over 7 years of Big 4 experience in delivering high-impact, value-adding audits and strategic projects from large financial services clients to blockchain research firms. Expertise in financial and compliance-related audits and accounting advisory assignments of listed/unlisted companies across sub-sectors such as – Hedge Funds, Corporate and Wealth Clients, Real Estate Funds, Banking and Blockchain businesses.
Overview
11
11
years of professional experience
6
6
years of post-secondary education
1
1
Certification
Work History
Manager - Assurance
nChain UK Ltd
10.2022 - Current
- Technical accounting advice to Finance Team through personal acumen and in-depth research into IFRS, Swiss GAAP, UK GAAP.
- Assisting in preparation of Annual Operating Budget by modelling cash flows, working capital management
- Preparation of financial reports and interpreting financial information for management including recommending further courses of action while also managing the external audit process
- Analyse revenue arrangements or transactions IFRS 15 with high attention to detail and perform detailed technical accounting analysis, including writing formal accounting memos
- Leading IFRS pilot project for the Group while overcoming challenges such as GAAP differences, first time adoption of IFRS, notes, preparation of financials and IFRS group accounting manual
- Provided strategic support to business over structuring new deals, IFRS and UK GAAP queries such as IFRS 9, UK Companies Act, Share, Option Scheme IFRS 2 and Transfer Pricing.
- Engaged in continuous knowledge development within the business through publishing internal accounting memos, Kaleidoscope (a biweekly internal finance publication) and training.
Senior Associate
PwC UK
09.2020 - 10.2022
- Managing the Funds Audit (Statutory Audit, CASS Engagements, Group Reporting, SOX Controls Testing) from end to end for financial services clients in accordance with industry regulations, ISAs, PCAOB and as per requirements of UK GAAP,IFRS and US GAAP
- Managing a portfolio of listed/unlisted audit assignments from end to end with a team size of 5-6 members and monitoring engagement budgets (for listed and unlisted funds)
- Experience of auditing renowned Infrastructure and Real Estate Funds
- Evaluating Hedge Fund structures, Service Organization Controls, Transfer Pricing Agreements, Private Equity Valuations, Going Concern, Financial Statement analysis as per IFRS, UK GAAP
- Monitoring & reviewing detailed financial variations (including quantitative analysis) of complex business and explaining reason to Engagement Leader in assurance assignments
- Building strategic relationships with clients and maintaining coordination with client personnel at lower and senior level
- Driving the Tutoring agenda within the AWM subsector by training audit department on Auditing basics, Audit Quality, IFRS, Investment Banking audits and furthering the quality agenda in audit business.
Assistant Manager
KPMG
05.2018 - 03.2020
- Led Investment Banking audits from end to end by reporting directly to Engagement Leaders and discussing audit updates and audit issues identified
- Coordinating with peers in IFRS 9 Control Testing and IFRS audits of investment bank with complex arrangements such as Collateral Loan Obligation, Defeasance, Asset Restructuring etc
- Bootstrapped yield, inflation volatility, inflation and swap curves to assess the designing and effectiveness of the controls under SOX framework
- Evaluated the Financial models such as Interest Linear swap, SABR with FRM team to test the design and management estimates
- Performed analytical review and audited financial statement disclosures while providing support on major audit areas such as Brexit, SEC hot issues and Revenue Approach Builders, IFRS 9 SPPI testing, Corporate Treasury Control Process etc.
Assistant Manager
Deloitte Haskins & Sells LLP
03.2016 - 04.2018
- Led a team of 3-5 team members and effectively managed listed/unlisted audit assignments end-to-end across various sectors
- Coordinating with Peers in control testing IFC (Internal Financial Controls) Testing and other procedures by preparing various checklists at financial statement assertion level
- Carried out due diligence projects for banks by assessing various financial ratios such as Capital Adequacy (CAR), Qualifying Assets, and Margin Cap under RBI Prudential norms.
Intern
M/S Shah & Taparia Associates
04.2012 - 04.2015
- Conducted assurance assignments for unlisted companies of various clients in Power, Petrochemicals, Real Estate and Apparel Industries
- Prepared CMA (Credit Monitoring Arrangement) data for a contractor for availing Bank Guarantee for Project Finance.
Education
CFA Level II - Corporate Finance, Portfolio Management
CFA, CFA Institute
Chartered Accountancy course - Financial Management
ICAI
India 06.2010 - 11.2016
CPA - Accounting, Audit and Taxation
CPA Ireland
IrelandB.Com - Accounting and Finance
Maharishi Dayanand Saraswati University
Skills
Finance
External Audit
Financial Modelling
IFRS
Due Diligence
Tableau
Alteryx
Additional Information
- Awarded Encore Award at KPMG UK for drive and dedication on the Year-end audit.
- Awarded Keeper of Quality Award at KPMG for conducting Audit Quality huddles, campaigning and leading quality agenda.
- Successfully campaigned for more assignments to push up the penetration from 13% to 17% resulting in better billables.
- Awarded Motivational Guru Award for being a great team player and motivating the team.
- Recognized with Gold Star award at KPMG UK for consistent and high-quality documentation.
Languages
English
Advanced
Certification
- Equity Research and Financial Modelling from EduCBA.
- Digital Tools such as Alteryx and Tableau from PwC Digital Academy.
- Advance Level Certification in IFRS from Deloitte
Timeline
Manager - Assurance
nChain UK Ltd
10.2022 - Current
Senior Associate
PwC UK
09.2020 - 10.2022
Assistant Manager
KPMG
05.2018 - 03.2020
Assistant Manager
Deloitte Haskins & Sells LLP
03.2016 - 04.2018
Intern
M/S Shah & Taparia Associates
04.2012 - 04.2015
Chartered Accountancy course - Financial Management
ICAI
06.2010 - 11.2016
CFA Level II - Corporate Finance, Portfolio Management
CFA, CFA Institute
CPA - Accounting, Audit and Taxation
CPA Ireland
B.Com - Accounting and Finance
Maharishi Dayanand Saraswati University
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