Aravind Rao

About Aravind Rao

Executive finance leader with expertise in controllership, financial reporting, planning,…

Experience

1. Director - Treasury Controller

   First Citizens Bank

   Aug 2012 — Present

   Treasury Controller - Oct 2014 - Present - Accounting & Controllership for Corporate Treasury & Capital Markets with a focus on Interest rate derivatives, Investments, borrowings and foreign exchange- Practical experience with derivatives, investment and borrowings related financial accounting guidance (including ASC320, ASC321, ASC 810, ASC815, ASC 820, ASC 830)- SEC (10Q/K) & Reg.reporting related to derivatives, investments, borrowings, fair value, FX & CTA - Analyze key performance drivers of Investments, FX, borrowings & Derivatives and present results to Senior management - Independent investment valuations, CECL and impairment review - Partner in formulating fair value, cash flow & net investment hedging strategies - Track and analyze enterprise wide foreign currency exposures and partner with Treasury and market Risk on hedging FX exposure - Controller for alternate investments in LP & other equity method investments - tax credit investments, affordable housing (LIHTC) investments, Solar & Wind energy investments, CRA investments - LIBOR cessation planning for derivatives - CECL implementation for Investment securities - Partner with various stakeholders including auditors, risk, business, operations, accounting policy, SOX, regulatory & SEC reporting- Merger integration - Derivatives, Investments, Borrowings & FX portfolios - Fair Value review, Operational set up, Purchase accounting adjustments - System implementations and process improvements - Maintain, document, develop, implement and manage reconciliation procedures and all other internal controls to meet Sarbanes Oxley requirements Legal Entity Strategic Projects- Aug 2012 - Sep 2014 - Inter-company processes - Develop & Implement - Automated Netting & Elimination - Implement - Transfer of asset accounting - Subject matter expert - Inter unit cash settlement - Build & Implement - Legal entity - Capital structure review

Education

• University of Madras

  Bachelors, Commerce

• The Institute of Chartered Accountants of India

  CA, Finance & Accounting

• Institute of Cost Accountants of India

  Grad CWA / CMA, Management & Cost Accounting

Skills

• Six Sigma
• Strategic Financial Planning
• Financial Services
• Financial Modeling
• Financial Analysis
• Project Management
• Finance
• Business Analysis
• Risk Management
• Accounts Receivable
• Internal Controls
• Analysis
• Management
• Financial Reporting
• Business Process Improvement
• Investment Banking
• Banking
• Financial Planning
• Derivatives
• Managerial Finance
• Accounting
• Mis
• Investments