Manager- Internal Audit.
Confidential Company
Total years of experience :30 years, 0 Months
Pre audit of Purchase orders, expenses, payments, CAPEX analysis for fixed assets, vetting on contract documents and project budgets, actual vs budgeted cost analysis, inventory valuation and mapping against book stock, budget variance analysis, MIS evaluation, Process mapping and business analysis, management reports to maximise profits, fraud detection and reporting, report on management risks.
Overal responsibility of managing accounting and finance from day to day book keeping to finalisation and audit. Maintain the accounts/finance team in good spirits and leading them to achieve the corporate objectives.
Managing the team of accountants in the day to day accounting & book keeping activities.
Preparation of cash flow statements and funds position & financial planning.
Evaluation and Analysis of Project Contract documents for Project Costing & Budgeting.
Payroll and WPS (Mol requirement in UAE) administration.
Design financial accounting and related systems in compliance with group policies and procedures.
Ensuring accurate and timely reporting of interim and annual financial results in accordance with IFRS and GAAP.
Attending external meetings with clients, main contractors, suppliers and legal advisors and interpret and incorporate the impacts with financial profile and function of the company.
Identify cost reduction opportunities & provide recommendation for improvement.
Select, Recruit and train the Accounts and Finance Department Personnel.
Preparation of monthly MIS and budget variance analysis.
Analyzing the CAPEX requirements of projects and compare with budgets and forward the recommendation to the management.
Meeting with bankers, driving banking relationships and enhance the relationships.
Configuring and implementing ERP.
Working with onsite teams to provide project specific cash flow requirements.
Monitoring project costs in accordance with forecast to avoid overshoot.
Reporting to the management with the cost trend of various projects.
Development and administration of all cost accounting operations to ensure accurate and comprehensive analysis of the activities of the Company.
• Evaluation and Analysis of Contract documents.
• Preparation of Control Budgets and Cash Flow Statements.
• Analyze the Budget Vs actual Expenditure.
• Monitor the cost allocation procedure and methods.
• Review costing of inventories.
• Provide the management with cost centre and project cost studies/evaluation.
• Identify cost reduction opportunities & provide recommendation for improvement.
• Select, train and coach the cost control department personnel.
• Preparation of variance analysis.
• Preparation of monthly cost reports.
• Verification and authorization of expenditure statements received from various projects/ cost centres.
• Fraud detection.
• Invoice preparation for various projects and tracking of payments/ meeting clients.
• Purchase authorization / Budget allocation.
• Purchase Order / Purchase / Payment tracking.
• Monitoring project costs in accordance with forecast to avoid overshoot.
• Reporting to the management with the cost trend of various projects.
• Development, Installation and maintenance of internal control systems in the group companies to reduce revenue leakage.
• Coordinating the day to day accounting, VAT accounting, taxation and finance functions of all group companies consisting : Construction, FMCG retail & wholesale, Hospital, TV Serial and Motion Picture production and distribution, Finance company, Textiles and ready mades show room, Consumer electronics and durables, Manufacturing company etc. and finalisation and consolidation of financial statements.
• Analysing the capital expenditure plan, advise the management in Purchase, installation and maintenance of machineries and equipments in the group companies by inviting, scrutinizing and evaluating Quotations from suppliers.
• Evaluating the internal control systems within the group companies and carryout the internal audits, re designing and implementing the systems where ever necessary.
• Cash flow management within the group company and arranging funds from Banks and /or mobilise the funds within the group companies to maximise the returns and minimise fund idling.
• Liaison with banks, local and government authorities for loans, licenses, taxes, compliance with legal requirements etc.
• Responsible for stock management system .
• Responsible for day to day administration, accounting and finance management and preparation of MIS and monthly, quarterly and annual financial statements.
• Duties include laisoning with banks, local authority, Excise dept., Sales Tax and drafting notes of arguments and petitions for civil cases before the High Court.
• Recruitment and training of Accounts / Finance Staff.
• Finalization of the Accounts and preparation of Trading & Profit and loss account.
• Enforcing Inventory Control in various stages of manufacturing.
• Maintaining and monitoring Budgetary Control, Cost Control and internal control measures .
• Responsibilities as the head of the departments of Finance, Accounts, Sales, Purchase and the acted as the System Administrator of Computer Department.
• Introduced full computerization of Accounts and Stock and enabled auditing in the computerized environment.
• Duties include laisoning with banks, Sales Tax, Income Tax, Central Excise, and JDGFT.
• In house preparation of export documents.
• Reporting to Chairman.
• Installed Computerized Accounting System.
• Reduced Income Tax liabilities by Tax Planning.
• Handled all legal and official correspondences.
• Saved 50% of time in finalizing accounts
• Developed suitable system of accounting to each firm in the group.
• Reduced operating cost of accounting departments
Joined the course in 2009 and pursuing the degree.
First Class. Best Project in Mechanical Engineering. Invention of All direction windmill . Working model of Solar System, Earthquake demonstrator etc. won special recognitions.
First Class. Best Project Award.
Master of Business Administration with specialisation in Finance.
CA intermediate. Statutory Audit of 4 main branches of Canara Bank, 12 branches of State Bank of Travancore- two important nationalised banks in India for 3 years during training period. Best student of Batch-1990-92
State Government Scholarship to meet the total expenditure for 3 years in the College. 'B' certificate from National Cadet Corps, Best Actor Award - Extra curricular Activites,
