Sujal Bhargave
Decatur,GA
Summary
Pragmatic and influential certified public accountant (CPA) with extensive technical accounting experience in the insurance, investment management, pharmaceutical, and technology industries. Proven track record utilizing solid knowledge of U.S. GAAP, IFRS, and preparing SEC filings. Known as an excellent business partner with accounting expertise and ability to tackle any accounting question. Strategic and solutions-driven, and adept in maintaining an agile and adaptable work approach.
Overview
19
19
years of professional experience
Work History
Director of Accounting Policy
Munich Re American Reassurance Company
05.2023 - Current
- Assist the company with the documentation and technical accounting analysis of various reinsurance transactions related recaptures, sidecar investments, leases, and other various non-routine transactions to ensure compliance with IFRS and Statutory Accounting Principles (SAP)
- Assist the company on revenue recognition (IFRS 15) for various SaaS and technology services including Clareto and alitheia business ventures
- Spearheaded the establishment of the company’s risk transfer accounting policy processes (IFRS 17 and SAP 62R)
- Monitor changes to IFRS and statutory accounting guidelines including monitoring industry changes discussions with the ACLI discussion.
Technical Accounting Advisory Lead
Resolution Life US (Formerly Voya)
09.2021 - 04.2023
- Assisted in the preparation of technical accounting memos in both US GAAP and SAP related to leases, repurchase agreements, bond tender offers, reinsurance agreements, limited partnerships, and derivatives
- Assisted in the implementation of CECL (ASC 326) accounting standards
- Conducted VIE/VOE (ASC 810) consolidations analysis for the company’s limited partnership investments
- Assisted in the purchase accounting of the company’s acquisition by Resolution Life from Voya
- Provided assistance in the preparation of the reporting package and disclosures to the parent company in accordance with U.S
- GAAP and SAP.
Manager of Technical Accounting and Reporting
Invesco
10.2017 - 07.2021
- Prepared technical accounting memos related to forward contracts, lease accounting, acquisitions, revenue recognition and other non-routine accounting issues
- Assisted the company in the development of various accounting policies
- Formally presented technical accounting guidance and policies to executives and other team members
- Provided assistance in the preparation of the Company’s 10-Q and 10-K disclosures
- Collaborated with the UK team on IFRS accounting research and documentation.
Technical Accounting Contractor
Aptean (Formerly CDC Software)
04.2011 - 12.2013
- Prepared technical accounting memos relating to various issues including discontinued operations, goodwill impairment, software for internal use, foreign currency transactions, and segment reporting
- Reviewed the company’s franchise partner agreements to ensure compliance with GAAP
- Assisted in the preparation of the company’s annual audit, GAAP checklists, annual 20-F filings with the SEC and press releases
- Assisted in the purchase accounting related to the merger of CDC Software with Consona Corporation to form the company, Aptean.
Senior Manager of Financial Reporting
Shionogi Pharma, Inc. (Formerly Sciele, Inc.)
08.2008 - 01.2011
- Prepared research memos for the accounting treatment of acquisitions of product licenses and other transactions
- Reviewed royalty and other financial contracts to ensure compliance with legal terms and US GAAP
- Assisted with the review of purchase accounting related to the $1.4 billion acquisition by the Japanese parent company
- Managed the preparation of monthly and quarterly consolidated financial statements of seven legal entities including balance sheet, income statement, cash flows and other financial metrics for submission to the reporting team in Osaka, Japan
- Managed the professional development of a team of senior and staff accountants
- Assisted the company to ensure compliance with Japanese SOX requirements.
Senior Analyst, Accounting Policy and Financial Reporting
Cox Communications, Inc.
08.2005 - 07.2008
- Served as a technical accounting resource to accounting teams located at the company’s regional cable systems, including revenue recognition, purchase accounting, goodwill impairments, financing arrangements
- Assisted in the preparation and coordination of SEC filings, including the 10-Qs, 10-Ks, and internal reporting packages to the parent company
- Assisted the company in the completion of a carve-out audit related to the $2.2 billion sale of certain cable systems.
Education
Master of Science (MS) and Bachelor of Science (BS), Accounting -
University of Florida
Gainesville, FLTimeline
Director of Accounting Policy
Munich Re American Reassurance Company
05.2023 - Current
Technical Accounting Advisory Lead
Resolution Life US (Formerly Voya)
09.2021 - 04.2023
Manager of Technical Accounting and Reporting
Invesco
10.2017 - 07.2021
Technical Accounting Contractor
Aptean (Formerly CDC Software)
04.2011 - 12.2013
Senior Manager of Financial Reporting
Shionogi Pharma, Inc. (Formerly Sciele, Inc.)
08.2008 - 01.2011
Senior Analyst, Accounting Policy and Financial Reporting
Cox Communications, Inc.
08.2005 - 07.2008
Master of Science (MS) and Bachelor of Science (BS), Accounting -
University of Florida
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