Overview
Work History
Education
Timeline
Generic

Arunan Kandasamy

Overview

8
8
years of professional experience
13
13
years of post-secondary education

Work History

Senior Financial Analyst

TD Securities
2 2022 - 2 2024
  • Key member in a management reporting team responsible for delivering high quality management reporting to various stakeholders within the European arm of a global wholesale bank, in a post-Brexit growth environment
  • Conducted regular analysis and review of business performance, including facilitating deep-dives with key stakeholders to understand P&L drivers and provide commentary on material variances
  • Monthly and quarterly slide decks discussed and presented directly to CFO, as well as other key stakeholders in both Front Office and Support functions
  • Preparation of periodic plans and forecasts, for the purposes of strategic decision making, setting management expectations, and in accordance with regulatory requirements
  • Cultivated a strong and complete understanding of booking models in the financial control process, to enhance the accuracy and quality of management reporting
  • Value-add achieved by considered application of IFRS accounting standards, partnering with local and regional teams (including FinOps, Valuations and Risk), and conducting in-depth investigations into anomalies and inefficiencies
  • Created and owned financial models to support strategic proposals and business plans, including challenging management assumptions and presenting scenario analysis
  • Managed and delivered Finance related ad-hoc regulatory requests to support the business’ growth aspirations
  • Reviewed calculations and ensured timely booking of non-routine journals, with the assistance of financial analysts
  • Played an active role in tax transfer pricing initiatives in the Irish tax-effective subsidiary, including identifying issues/opportunities, and actively contributing to their resolution/implementation
  • Supported and managed both internal and external audit processes, in conjunction with financial reporting and governance teams
  • Assumed responsibility of the preparation and distribution of Daily P&L reports to key members of Management across the business in the Europe & Asia-Pacific regions
  • Provided ad hoc support and partnering with Regulatory Finance, Treasury, Risk, Trade Operations, and various other functions within the organisation.

Restructuring & Forensics - Manager

KPMG Dublin
04.2019 - 02.2022
  • Managed large-scale Court Liquidations and led various advisory engagements across a broad range of sectors
  • Responsible for overseeing the day to day management of a wide breadth of stakeholders, proposing and executing procedures to progress complex cases, and delivering final client reports
  • Norwegian Airlines Scheme of Arrangement – Multinational Commercial Airline: Built scenario analysis across a number of potential flight routes, fleet sizes and extent of future travel restrictions to provide a snapshot of the various iterations of the client’s restructured business plan
  • Assessed viability of prospective business plans and advised on go-forward strategy
  • Reviewed lease contracts, commercial agreements and complex liabilities in order to appropriately rank creditors in the scheme of arrangement
  • Coordinated with solicitors, management, aviation regulators, investment bank and other stakeholders to accurately compile schemes for both the parent and subsidiary entities, as well as determining the company’s funding requirements
  • CBL Insurance Europe DAC High Court Liquidation – Irish Non-Life Insurer: Responsible for performing scenario analysis on pre-liquidation on-risk policy book to support liquidation proposal made to the Irish High Court and Central Bank
  • Prepared monthly management packs to the liquidators including preparation of financial accounts, analysis of loss developments, premium recoverability assessments, claims volume data and other KPIs
  • Worked directly with third-party brokers, claim experts and reinsurers to facilitate runoff of on-risk insurance policies
  • Analysing large sets of premium and claims data to facilitate actuarial reports, multi-jurisdiction tax reporting, legal submissions relating to Court directions and preparation of creditor reports
  • Identifying opportunities throughout the liquidation to make financial savings, including but not limited to commuting reinsurance positions, tendering for alternate claims handlers, and hedging FX exposures
  • Independent Business Reviews – Various Engagements: Conducted interviews with clients to understand their views of their business, including perceived strengths and weaknesses, potential opportunities and threats as well as their short to medium visions for their business
  • Analysed financial performance data, budgets and future cashflows and performed sensitivity analysis to assess the overall impact of the potential solvency and current/future capital needs of the client
  • Prepared client assessment reports of performance, future plans, ability to repay debt and to raise additional funds.

Banking Assurance – Senior Associate

EY Munich
07.2017 - 03.2019
  • Qualified Chartered Accountant responsible for executing statutory financial statement audits and related Advisory projects, specialising in the banking and capital market sectors
  • Siemens Financial Services – Financial arm of German Infrastructure, Energy and Manufacturing company: Component Audit incl
  • Quarterly Management Reporting of Treasury and Bank functions
  • Analysed quarterly results of financial markets (FX, Interest Rates) and the effect on derivative financial instruments and other financial assets and liabilities
  • Overall analysis of treasury balance sheet and income statement in line with IFRS
  • Audit Committee Focus Area (ACFA) lead senior involved in management and co-ordination of multiple international teams
  • Involved in credit and refinancing risk assessments of Special Purpose Vehicles globally, with a focus on projects in the Energy and Infrastructure sectors through development, construction and financial close phases
  • Performed Loan File Review including assessment of company cash flow projections, adequacy of counterparty creditor rating, solvency assessments on riskier loans, and review of valuation reports of underlying borrowing companies.

Insurance Assurance – Senior Accountant

EY Sydney
03.2014 - 06.2017
  • Qualified Chartered Accountant responsible for executing statutory financial statement audits, specialising in all aspects of the insurance sector
  • TAL Life Limited – Australian Life Insurer: Financial Statement Audit incl
  • Controls & Regulatory reviews
  • Audited technical insurance accounts including IBNR, Unearned Premium Reserves, Deferred Acquisition Costs and corresponding reinsurance provisions
  • Performed analytical procedures on policy data to identify trends in financial performance of specific insurance products to identify key P&L drivers
  • Reviewed key technical accounts such as valuation of debt/equity investments, actuarial data and impairment analysis
  • AUB Group Limited – Australian listed Insurance Broker: Financial Statement Audit
  • Held direct discussions with Broking Executives around the strategy and annual results of AUB’s insurance broking network, as well as the changing global insurance market and the implications to their businesses.

Education

Qualified Chartered Accountant Australia & New Zealand (CAANZ) -

01.2014 - 04.2017

University of New South Wales – B.Commerce/B.Economics - undefined

01.2009 - 04.2013

Sydney Boys High School– Moore Park, Sydney - undefined

01.2003 - 04.2008

Timeline

Restructuring & Forensics - Manager

KPMG Dublin
04.2019 - 02.2022

Banking Assurance – Senior Associate

EY Munich
07.2017 - 03.2019

Insurance Assurance – Senior Accountant

EY Sydney
03.2014 - 06.2017

Qualified Chartered Accountant Australia & New Zealand (CAANZ) -

01.2014 - 04.2017

University of New South Wales – B.Commerce/B.Economics - undefined

01.2009 - 04.2013

Sydney Boys High School– Moore Park, Sydney - undefined

01.2003 - 04.2008

Senior Financial Analyst

TD Securities
2 2022 - 2 2024

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Arunan Kandasamy