Assistant Group Internal Controller
Mezzan Holding Company
Total years of experience :20 years, 4 Months
1)Planning & executing internal audit within other 35 Group companies.
Draft Policies & Procedures for audits and compliance of action plans of audit.
2)Planning and implementing of internal audit projects in all company entities and organizations (financial, operational, compliance and IT audits).
3)Carrying out process and risk-oriented reviews of business operations while focusing on efficiency and profitability and compliance issues.
4)Identification of best-practice / benchmarks while carrying out audits.
5)Supporting management Merger & Acquisition of companies taken over. Preparation of bidding documents for M& A.
6)Development and implementation of the Internal Control and Risk Management System.
7)Analysis & Verification of Costing techniques & methods.
8)Stock Analysis and Control over Capital Blockage over the years by liquidation.
9)SOX Compliance & Preparation of Financial Statement as per IFRS with Finance Department.
Audit Planning, Execution According To Plan, Evaluation and Analysis of Data,
Identification and Control weaknesses, Report Preparation, Review and follow-up in Commercial and Non-commercial Activities, Management Risk Analysis, Preparation of Audit Committee Report & Update and Assisting Group Internal Audit Head quarterly in a year.
Operational Audits includes 1)Reports On Purchases, Work contracts, Stores In HO and Other Three Plants for controlling lead time, efficiency in production and dispatch of finished goods by controlling logistic management.
Report on Idle Time production loss over Budget and yield analysis and saving of production cost.
2)Freight Payment analysis over Domestic Sale Area and collection from debtors.
3)Production and Off-spec analysis and Re-utilization in production to increase the efficiency.
4)Details audit on Export- Regarding vendor selection, Agent analysis w.r.t. countries and their duties,
5)Ocean Freight payment to C&F agent, collection through agents and Return submitted to JDGFT.
6)Report on Imported Feed Stock (Oil), Freight Paid, Stockholding and utilization of Advance Licenses in export as well as in import.
Financial Audits includes Report on Fund Management of Treasury Department and Utilization of Funds for 45 bank branches including four plants and savings of interest payments on loans.
2)Excise Duty payment and proper utilization excise for duty payment.
3)Sales tax excess paid and recovery status, stockholding of finished and semi finished goods at plant and lying with agents.
4)Physical verification of raw material and system assurance with SAP.
Preparation of Compliance Report for each department and submission to the group.
ERP & IT Audits Internal ERP audit with the cost benefit analysis in association with our implementing vendor partner Accenture and our in house vendor Zenser Ltd.
Made division of payments under different categories and analysed payments of Rs.1000 cores from 26 bank accounts for each month.
Analyzed fixed deposits created, renewed, matured and reconciled FD’s from each bank.
Was involved in calculation of interest paid by the company and reviewed the collection from debtors in Indian Currency and Foreign Currency for each month.
Scrutinized the stipulations of TRA agreement with the current position of the company and prepared a list of discrepancy between actual and agreement.
Generated monthly Trust & Retention Audit Report.
Led a team of 4 audit assistants and checked Fixed Assets Management.
Reviewed the consolidated financial statement and guided 5 Audit Assistants in statutory audit Oberon Airport Services act as a Team Leader of audit of flight catering.
Mentored a group of 4 Audit Assistants.
Finalized statutory audit and prepared audit report.
Checked tenders and quotation of purchases and advertisement.
Took care of agreements and their renewal with the existing parties.
Supervised the entire bank accounts along with the bank statement.