Nareshkumar Bhurat

• Spearheaded preparation of annual and quarterly financial reports, including notes and disclosures for banks treasury assets and liabilities in adherence to the IFRS Framework.

• Managed treasury assets and liabilities, encompassing range of products such as capital market, money markets instruments, structured deposits, derivatives, structured credit solutions and related collaterals for financial reporting and control function .

• Collaborated with auditors, external consultants, group audit team, regulators to successfully conclude annual audits/reviews and resolve related issues.

• Managed bank-wide hedges accounting and reporting practices with exposure to fair value, cash flow. Closed portfolio hedges and net investment hedges, ensuring compliance with IFRS accounting and reporting requirement.

• Effectively tracked and analysed key metrics of treasury assets and liabilities through monthly dashboards and reporting packs providing comprehensive insight into business performance and data for strategic decision making.

• Prepared Deep dive reports on business segment, product lines and performance assessments, competitor analysis, industry and market benchmarking for management assessment and decision making.

• Delivered end to end new product implementation solutions from finance side including key financial risk and reporting assessment, designing accounting schema, defining and designing reporting requirements, carrying out UAT, go live and post-production monitoring.

• Managed migration strategies for existing product configuration to new system.

• Daily Desk level PL reporting to treasury front office for business performance on derivatives, Bonds position reporting (Liquidity & trading book) (B-Nos), FX and Structuring and credit solution covering the treasury middle office role, part of finance function at ADCB Bank.

• Prepared, delegated and closely monitored annual budget and forecast exercise for treasury FSLI.

- Finance Function for Investment holding company.

- Investment range from funds, subsidiaries, equity portfolio, real estate and alternative investments.

• Involved in delivering external audit services to banks and non-banking financial institutions, private equities funds, sovereign wealth fund, investment companies, stock exchange and public pension fund as member of its financial assurance team.

• Demonstrated expertise in complex topic such as derivatives accounting contributing to diverse projects including business restructuring, accounting and technical advisories, forensic audit, business policies and procedure writing.

• Lead and managed diverse audit assignments with teams of 3-8 team members to deliver efficient, quality services to assurance clients through effective planning, budgeting, and execution.

• Engaged in the Business Restructuring Services & Forensic assignment in financial consultant role for prominent regional group and bank.

• Advised clients on interpreting, implementing and applying IFRS requirements specializing in hedging and derivatives assignment for Corporates in Oil & Gas exploration, commodities

• Managed key client assignments for reputable organization such as Barclays Bank, Credit Agricole, Noor & Dubai Bank, Dubai International Capital, Dubai Financial Group, Abu Dhabi Government Pension Fund, Dubai Financial Markets, NASDAQ Dubai, Istithmar World, MENA Infrastructure etc.

• Conducted training session for Pwc cross functional assurance teams (30 – 45 participants) and financial reporting teams of clients