Finance Controller, and Audit Head
Al Tasnim Enterprises LLC
مجموع سنوات الخبرة :22 years, 9 أشهر
In Internal Audit, Ethics & Compliance Department (16 years’ experience): -
•Heading the Internal Audit, Ethics and Compliance Department
•Finalization of Annual Audit Plan with assessing the key risk processes and the area of concern from Audit Committee and Management
•Segregation of Audit Plan among audit staffs for effective implementation of approved Audit Plan; Ensuring timely completion of audits as per the budgeted timeline
•Review and finalization of draft & final Audit Report
•Attending various meeting with Auditee during the process of execution of audit
•Attending periodically Audit Committee (AC) Meetings to update implementation status of audit plan and update on new major observations and action on previous audit findings
•Present the Departmental KPI, status of ongoing audits, status of open audit action points pending with various divisions, Investigations, departmental budget and key findings etc. to the Audit Committee
•Ensure Timely Carry out unplanned / adhoc assignments as per AC / Management
•Conducting various investigations, finalization of report, decide actions ( in terms of disciplinary, recovery, corrective & Preventive actions), report present to the management and update actions in teamwork for further tracking
•Identified various manual processes and taken active part for system atomization till implementation for increase in efficiency and better control
•Review and finalization of various policy documents and memos of group companies to strengthen processes
•Ensuring the key functionalities of Sap is fully implemented and effectively utilizing
•Attended third party meetings and presentations to represent the company
•Prepared various kinds of audit reports i.e. process audit report, flash report, audit note, monthly pre-audit reports etc
•Managing pre-audit activities and ensure time submission of monthly or quarterly report to the Management and AC
•Periodically review various MIS Reports and ensure all the information’s are presented to the management are accurate. Ensure timely accounting of documents
•Take part in discussion and formation of various policy related documents for the organization and ensure implementation
•Conducting workshops with various departments and divisional staffs on audit findings to prevent future noncompliance
•Worked 3 years under the supervision of Moore Stephens LLC Audit Firm
Responsibility in Finance and Accounts
•Group Cash Flow Management and ensure to have adequate liquidity to meet the business requirements
•Group treasury management and suitably take decisions with Leadership Board
•Group financial and cash flow presentation to the stakeholders in monthly MCR Meeting
•Finalization of Group Financials i.e Balance Sheet and Profit & Loss A/c
•Review collections and ensure the collection are in line with the Forecast.
•Ensure various reconciliation statements are timely prepared and reported
•Review and finalization of divisional Budget (CAPEX & OPEX) and KPI targets
•Ensure timely closure of books of accounts; Review and finalization of monthly MIS
•Heading various TO (cost savings) Initiative measures
•Variance analysis with budget vs. actual and identify reasons and take necessary actions
•Attend operational and KPI review meetings and ensuring the agreed actions in terms of cost control measure are timely implemented
•Take necessary actions for the cost should remain within the budget
•Good knowledge Oman With-Holding Tax (WHT), VAT and educated employees (Finance, Commercial & Procurement Team) and ensure timely submission of returns
•Authorized approver for group companies online bank payments and approver of petty cash vouchers
•Manage payroll process and ensure timely payments of salaries in WPS Format.
•Ensure timely closure of year end process for finalization of financial statements and get it audited
•Taken active part in SAP implementation
•Awarded with best employee appreciation certificate for the year 2020
Worked with B.Jain & Co.(C.A Firm) as Manager Audit and subsequently become as a partner from April 2005 to September 2006. The firm having the clientle under various Industry Sector i.e Manufacturing, Banking, Hospitality, Hotels, Shipping, Clubs, Educational Institutions, Transportation, Service, Construction, Stock Broking Firm etc. The Job responsibilities inter alia include:
Audit work
Statutory Audit
• Finalisation of Accounts specifically verification of Schedule VI requirements.
• Vouching, Verification of all assets & liabilities and Scrutiny of Ledger.
• Preparing and Finalising the report on compliance with provisions of Company’s Act.
• Audit done in accordance with AAS issued by the ICAI.
Internal Audit
• Verification of Fixed Assets & Depreciation.
• Verification of all Income & Expenditure.
• Verification of all liabilities & assets.
• Verify in the legal point of view, whether all are complied or not and report the same.
• Make analysis of Internal control system and give suggestions.
• Prepared intenal Audit Report and Interim report, if required.
• Attending all important Meeting of management.
Tax Audit
• Verification & Reporting on various tax Audit requirements under Income Tax Act.
Bank Audit
• Verification of Loans and Advances.
• Confirm balance with other bank & with RBI.
• Verification of cash and securities.
• Verification of Investments.
• Concurrent Audit in accordance with circular issued by the bank.
Secretarial work
• Preparation of register under sec.301
• Preparation of minutes of Board meetings.
• Preparation of annual returns, share allotment forms, etc and file the same with ROC.
• Issuing circulars to clients any changes made in company law.
Taxation work
• Computation and Preparation of Professional Tax Returns
• Computation and Filing of Income Tax returns
• Assisting in handling and filing of Corporate Tax Returns
• Attending I.T. officers as an assistant with principal.
• Doing tax planning in according to clients business.
• Reviewing of Income Tax.
Accounting Work
Preparation and finalisation of accounts of following types of business.
• Stock broking firm.
• Auto parts dealer.
• Various Patnership Firms and Sole Proprietorship Concerns.
• Preparation of Stock Statement and Valued them as per AS - 2 issued by ICAI.
• Preparation of all reconciliation statement .
• Preparation of Cash Flow Statement.
Signing of Audited Financial Statements
Worked as Audit Executive in Mohshin Haider Darwish LLC, Muscat, Oman for the period of October 2006 to July 2007. The Company manufacturing gases and trading in chemicals. automobiles, telecommunication equipments, tyres, batteries, building materials, electronics goods, engineering equipments along with project activities, with an annual turnover of US$ 120 Million.The job involves:-
• Indipendent audit of various divisions.
• Heading the team at various divisins/locations audit.
• Planned necessary surpise visit schdule along with the Manager and act accordingly.
• Indipendent ISO internal quality audits of various divisions.
• Suggestions improvement in existiong procedures, controls and system.
• Suggesting improvement in accounting packages.
• Monitoring Inventory Management.
involves:- December 2003- April 2005
•Preparation & finalisation of Accounts.
•Liasioning with Financers, Suppliers, Customers.
•Maintenance of records for Excise and Orissa Sales Tax.
•Preparing Returns: TDS, Income Tax, Sales Tax, Excise.
•Preparing Stock Statement.
•Passing Bills, Invoices and payment made to labour and meet day to day expenditures.
•Regular discussion with the management regarding the improvement of business and also give suggestion to them.
•Interacting with all level across the organization, including customers.
•Assist the Statutory Auditor at the time of audit.
•Monitoring of cash flow through preparation of cash budgets and funding request to ensure that sufficient cash is always available to meet operational needs.
Worked with the K.C.Samal & Co.(C.A Firm) as Manager Audit at Sambalpur, Orissa. February 2003 - November 2003
• Working as team leader for doing wages Audit of MCL.
LIC Revenue Audit - Sambalpur Branch
Worked with B.Jain & Co.(C.A Firm) as Manager Audit and subsequently become as a partner from April 2005 to September 2006. The firm having the clientle under various Industry Sector i.e Manufacturing, Banking, Hospitality, Hotels, Shipping, Clubs, Educational Institutions, Transportation, Service, Construction, Stock Broking Firm etc. The Job responsibilities inter alia include:
Audit work
Statutory Audit
• Finalisation of Accounts specifically verification of Schedule VI requirements.
• Vouching, Verification of all assets & liabilities and Scrutiny of Ledger.
• Preparing and Finalising the report on compliance with provisions of Company’s Act.
• Audit done in accordance with AAS issued by the ICAI.
Internal Audit
• Verification of Fixed Assets & Depreciation.
• Verification of all Income & Expenditure.
• Verification of all liabilities & assets.
• Verify in the legal point of view, whether all are complied or not and report the same.
• Make analysis of Internal control system and give suggestions.
• Prepared intenal Audit Report and Interim report, if required.
• Attending all important Meeting of management.
Tax Audit
• Verification & Reporting on various tax Audit requirements under Income Tax Act.
Bank Audit
• Verification of Loans and Advances.
• Confirm balance with other bank & with RBI.
• Verification of cash and securities.
• Verification of Investments.
• Concurrent Audit in accordance with circular issued by the bank.
Secretarial work
• Preparation of register under sec.301
• Preparation of minutes of Board meetings.
• Preparation of annual returns, share allotment forms, etc and file the same with ROC.
• Issuing circulars to clients any changes made in company law.
Taxation work
• Computation and Preparation of Professional Tax Returns
• Computation and Filing of Income Tax returns
• Assisting in handling and filing of Corporate Tax Returns
• Attending I.T. officers as an assistant with principal.
• Doing tax planning in according to clients business.
• Reviewing of Income Tax.
Accounting Work
Preparation and finalisation of accounts of following types of business.
• Stock broking firm.
• Auto parts dealer.
• Various Patnership Firms and Sole Proprietorship Concerns.
• Preparation of Stock Statement and Valued them as per AS - 2 issued by ICAI.
• Preparation of all reconciliation statement .
• Preparation of Cash Flow Statement.
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