Victor Tsanev
Angestellt, Referent, Allianz SE
Abschluss: Masters degree, University for National and World Economy
München, Deutschland
Über mich
Ten years Big 4 professional auditing and advisory experience • Banks - commercial, retail - Trading, Lending and Borrowing (incl. securitisation) - FX revaluation and translation - Financial instruments (FI) impairment - Money laundry testing • Insurance companies - General – auto, property and casualty, health - Life assurance and Re-insurance - Capital ratios and premium adequacy Twelve years of FI & hedge accounting practice • Accounting policies creation - hedge/risk type - FI - derivatives, monetary instruments - valuation - IFRS 13; Regression analysis, qualitative, non-statistical quantitative effectiveness assessment and ineffectiveness measurement - cost of hedging application • Special projects implementation - IFRS 9 Hedge accounting (commercial bank and life insurance) - replacement of IBOR rates with risk-free rates for existing long-term hedges - derivatives CVA/DVA - IAS 39 Portfolio FV hedge of interest rate risk (prepayable assets)
Werdegang
Berufserfahrung von Victor Tsanev
Bis heute 1 Jahr und 8 Monate, seit Feb. 2023
Referent
Allianz SE
5 Jahre und 8 Monate, Jan. 2017 - Aug. 2022
Director, Derivatives and Hedge Accounting Advisory
MANULIFE (Manufacturers Life Insurance Company), Toronto, Canada
• Design new hedge strategies • Maintain and support the existing economic and hedge accounting strategies • Prepare and maintain operational accounting policies • Advise on derivative issues • Coordinate with the Asset Liability Management Team the design of new hedge strategies • Prepare educational materials and present on derivative and hedge accounting topics
1 Jahr und 10 Monate, Apr. 2015 - Jan. 2017
Senior Manager Financial Instruments, Hedge Accounting, Derecognition, FX
TD Canada Trust, Toronto
• Support the Treasury and Balance Sheet Management • Prepare the hedge documentation under US and IFRS GAAP • Advise on the accounting and hedge accounting implications of existing and new securitisations • Leading the IFRS 9 Hedge accounting assessment and disclosure process • Other- regular assessments for HTM investments, securitisation consolidation/derecognition analysis, embedded derivatives analysis • Deliver accounting updates, presentations - hedge accounting, derecognition, FX
4 Jahre und 5 Monate, Jan. 2011 - Mai 2015
Senior Manager Financial Instruments, Derivatives and Hedge Accounting
Scotiabank, Head Office Toronto, Canada
• IFRS 9 Hedge Accounting assessment, disclosures and implementation • Coordinated Bank’s response on IASB Dynamic Risk Management project • Create/update Bank’s financial instruments accounting policies for transition to IFRS and implemented with the business • Implemented hedge accounting strategies • Involved in the IAS 39 portfolio FVH of IR risk implementation • Streamlined the fair value hierarchy reporting process for the Bank • Work on prospective acquisitions and dispositions of Bank’s subs
6 Jahre und 3 Monate, Okt. 2004 - Dez. 2010
Senior Manager
KPMG LLP, Toronto, Canada
• Financial instruments and Derivatives specialist reviewing and approving of complex transactions, incl. financial instruments and derivatives • Instructor Fundamentals of Insurance Accounting, one-week diploma course to insurance professionals, part of the Canadian Insurance Accountants Association • Presenter/tutor insurance accounting and IFRS adoption • Focus on insurance & banking • Performed/managed engagements -Canadian, IFRS, Statutory German, USGAAP, SOX, regulatory audits
4 Jahre, Jan. 2000 - Dez. 2003
Senior Accountant
KPMG Bulgaria
• Audit experience under IFRS and US GAAP for major insurance companies (Allianz, Hannover, Wiener Stadtische) and banks (Citibank NA, DSK Bank (OTP Group), Corporate Commercial Bank, other) • Privatisation due diligence projects for large insurance and banking institutions (DZI Insurance, Bulstrad Insurance, Wiener Stadtische, HypoVereinsbank Biochim ) • Special projects – National Bank of Bulgaria – information optimisation advisory project (Banking Supervision department)
3 Jahre, Jan. 1997 - Dez. 1999
Deputy Controller
Nestle Sofia, Bulgaria
• Financial statements preparation – for group consolidation and external • Liaison with external auditors and tax authorities • Subsidiary ledgers posting to GL and reconciliations • Accounting team leader for eight sector accountants
Ausbildung von Victor Tsanev
4 Jahre und 9 Monate, Sep. 1992 - Mai 1997
International business
University for National and World Economy
- international business; - marketing; - Inco terms; - Economics;
Sprachen
Deutsch
Grundlagen
Englisch
Fließend
Russisch
Gut
Bulgarian
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