Prateek Narang
Vice President - Professional offering over 14 years rich experience in Finance control managing entire financial transactions, closing and reporting while implementing operational improvements
- Role
- Vice President Financial Services at Macquarie Group
- Location
- West Delhi, DL, IN
- LinkedIn followers
- 500 followers
About Prateek Narang
Extensive experience in working within Financial control function for Principal Finance division within Macquarie capital markets overseeing deals within Private credit, Private equity & Real estate space- Embedding and overseeing financial controls in place to ensure correct accounting outcome- Team management including objective setting, day to day deliverables planning and performance appraisal- Compliance to key IFRS and accounting standards : IFRS 16 (Leases), IFRS 9 (Financial instruments), IFRS 3 business combinations and IAS 28 Investment in associates and JV\'s- Complex accounting dealt with includes Mortgages, loans, Investment property, Leases, Solar assets (FIT consumption, export revenue based on power purchase agreements) expected credit losses and consolidation of subsidiaries- Liaising with onshore counterparts and auditors across EMEA, US and ANZ to ensure cohesive approach to result- Key Projects delivered - implemented third party automation tools to automate mortgage accounting, various process efficiencies like Expected credit loss template, monthly reconciliation automation, TLM tool implementation for daily suspense monitoring etc- Conducted on-site workshops sessions with various teams like operations, risk management, business, FP & A & Finance to highlight and work on areas which needs improvement- Performing business impact assessment for the activities/processes managed and preparing the resilience plan to ensure adequate backup availability.
Experience
Vice President Financial Services
Jul 2024 — Present · Gurugram, IN
Embedding and overseeing financial controls in place to ensure correct accounting outcome- Team management including objective setting, day to day deliverables planning and performance appraisal- Compliance to key IFRS and accounting standards : IFRS 16 (Leases), IFRS 9 (Financial instruments), IFRS 3 business combinations and IAS 28 Investment in associates and JV\'s-Complex accounting dealt with includes Mortgages, loans, Investment property, Leases, Solar assets (FIT consumption, export revenue based on power purchase agreements) expected credit losses and consolidation of subsidiaries- Liaising with onshore counterparts and auditors across EMEA, US and ANZ to ensure cohesive approach to result- Key Projects delivered - implemented third party automation tools to automate mortgage accounting, various process efficiencies like Expected credit loss template, monthly reconciliation automation, TLM tool implementation for daily suspense monitoring etc- Conducted on-site workshops sessions with various teams like operations, risk management, business, FP & A & Finance to highlight and work on areas which needs improvement.
Education
The WallStreet School
Financial modelling and Valuation, Financial modelling and Valuation
The Institute of Chartered Accountants of India
Master's degree, Accounting and Finance
ACCA
Diploma in IFRS, Accounting and Finance
Skills
- Management
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