Swati Damle
Winterthur
Summary
Dynamic financial professional with extensive experience at UBS Business Solutions, excelling in financial accounting and regulatory compliance. Proven track record in leading complex projects and implementing robust internal controls. Skilled in data analysis and stakeholder management, driving impactful financial reporting and enhancing operational efficiency. Passionate about delivering results in fast-paced environments.
Overview
28
28
years of professional experience
Work History
Financial Accountant & Controller (Associate Director – Group Finance in UBS Business Solutions) (Swiss Legal Entities)
UBS Business Solutions
08.2021 - Current
- Leading the manual onboarding process of client migration from the heritage CS by Implementing appropriate controls through reconciliation and analysis as needed by senior management.
- Leading the month end activities during the Monthly / Quarterly / Annual closing & reporting of the legal entities – CHGAAP / US GAAP and IFRS.
- Involved / Lead from business side IT projects for derivatives area. (Change the bank / Run the bank)
- Responsible for documentation and maintenance of SOX controls for the trading, investment, and derivative area.
- One of the key team members for the Parent Bank Merger as well as Swiss Bank Merger of CS AG as well as CS Schweiz AG with UBS from the accounting function in Group Finance.
- Performed Quality assurance reviews of complex topics or areas where a deep dive was performed and observations and conclusions / remediations are shared with Steering Committee in a quarterly review.
FINANCE ANALYST
Credit Suisse
Zurich
02.2017 - 07.2021
- Company Overview: Zurich
- Part of the legal entity finance team which provided accounting assurance for CS (Schweiz) AG external financial and regulatory reporting.
- Collaborated with various stakeholders across financial functions for the publication of the Swiss GAAP / US GAAP Annual Report for the legal entity.gal entity.
- Providing analysis to the CFO/AC/BoD for the Annual Report & half year Report.
- Provide monthly legal entity reporting & driver analysis to senior management and board of directors / audit committee including Legal entity / MIS P&L bridge.
- Prepare 5-year financial plan for CS (Schweiz) AG in collaboration with divisional finance team.
- Prepare monthly forecasts for CS (Schweiz) AG based on divisional forecast. Involved in deliverables to stakeholders including Group FP&A & Risk for CS Schweiz AG.
- Driving the external publication process of Pillar 3 Regulatory report by coordinating with various stakeholders like External Reporting team, Divisional Capital team, Accounting & Regulatory Policy team also coordination with PwC auditors for the submission of their opinion on the regulatory report including preparation of memo for the Audit Committee.
- Involved in providing Internal Assurance for Statistical and regulatory reports submitted to SNB and performing deep dives wherever required.
- Exercise of monthly internal controls required by the ICOFR. (Internal control over financial reporting) for the legal entity Switzerland.
- Zurich
TAX ASSOCIATE
KAV & Advisory Services
Mumbai
03.2011 - 09.2012
- Performed current and deferred tax working for US clients as performed audit procedure of income tax accounting.
- Performed research and analysis in U.S. taxes, helpful for tax filing for U.S. clients.
ASSISTANT MANAGER
Medusind Solutions
Mumbai
10.2009 - 08.2010
- Maintained the US Subsidiary accounting in Quickbooks.
- Compiled and filed Use Tax returns and performed administration and payroll processing of employees conducted by ADP.
MANAGER FINANCE
MindCraft Solutions
Mumbai
10.2002 - 11.2006
- Lead and manage a team of four professionals, including selection/hiring, objective setting, performance management, coaching/development and training.
- Responsible for the entire accounting function and operations for the organization.
- Preparation of all financial reports, including Profit and Loss Statement, Balance Sheet and Statement of Cash Flows, as well as the year-end financial reports.
- Oversee the General Accounting processes of Inter-company, Fixed assets and Accounting and financial reporting of all entities.
- Work with internal and external auditors during reviews and audits to ensure full cooperation from accounting staff and compliance with all qualified requests.
ASSISTANT FINANCE
Decision Technologies
Mumbai
11.2000 - 10.2002
- Started as accountant passing journal entries, general ledger reconciliation and day to day accounting process for the organization.
INTERN
PricewaterhouseCoopers
Mumbai
06.1997 - 06.2000
- Conducted as a part of team statutory audits for public ltd companies such as Johnson & Johnson, Essar Steel Ltd, Tata British Petroleum, Glaxo, Hindustan Lever limited.
Education
Bachelor of Commerce -
Mumbai University
Skills
- Financial accounting and reporting
- Regulatory compliance and controls
- Accounting software proficiency
- Data analysis and variance analysis
- Project management skills
- Stakeholder management
- Microsoft 365 applications
- HFM and Essbase expertise
- International accounting standards
Swiss Work Permit
C
Accomplishments
- Achieved a team award for best collaboration across organization for going above and beyond in delivering the first Annual report for the bank 'CS Schweiz AG'
Timeline
Financial Accountant & Controller (Associate Director – Group Finance in UBS Business Solutions) (Swiss Legal Entities)
UBS Business Solutions
08.2021 - Current
FINANCE ANALYST
Credit Suisse
02.2017 - 07.2021
TAX ASSOCIATE
KAV & Advisory Services
03.2011 - 09.2012
ASSISTANT MANAGER
Medusind Solutions
10.2009 - 08.2010
MANAGER FINANCE
MindCraft Solutions
10.2002 - 11.2006
ASSISTANT FINANCE
Decision Technologies
11.2000 - 10.2002
INTERN
PricewaterhouseCoopers
06.1997 - 06.2000
Bachelor of Commerce -
Mumbai University
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