Chief Internal Auditor
Masskar Hypermarket
Total years of experience :11 years, 3 Months
• Preparing plan of action for Internal audit and submit monthly report to the board of Directors.
• Verifying All supplier and General payments after Chief Accountant and sending for Managing Director’s approval .
• Confirms and verify Payroll prepared by HR and sending to accounts for payment.
• Verify monthly financial statements and MIS Reports (Income statements, Bank Reconciliation and Cash flow statements, Balance sheet, forecasting & Budgeting etc) and forwarding to higher Management after making necessary comments.
• Monitoring Central Cash Office(CCO) operations and conducts Scheduled, Suspense checking of liquid cash and spot cash counter checking .
• Department wise profit and margin analysis of hypermarket and associated companies
• Acting as a purchase Controller and involved in BDA agreement meetings with leading suppliers and signing BDAs after approval on behalf of Masskar Group.
• Approval authority for Under cost and Zero margin price fixing in special circumstances under strict control.
• Monitoring local and overseas buying and adopt better internal controls to strictly route buying procurements it in a systematic manner.
• Stock control, inventory management with analysis of cumulative sales and purchase reports.
• Tracking slow moving and non-moving items and takes appropriate action
• Organizing physical stock taking and submitting variance reports and analysis.
• Monitoring shelf management according to rebate structure and analysis whether it is proportionate to movement of the item.
• Wastage control, damage control, Cost analysis and expiry control.
• Taking controlling measures to prevent leakage and pilferage.
• Maintains open communication with management and the external audit teams with other internal and external resources as appropriate.
• Handle full spectrum of financial accounting role eg. AR, AP, GL, cash flow, fund flow, forecasting, budgeting etc.
• Managing FCRA Account
• Responsible for day to day finance and accounts operations
• Perform full set of accounts and ensure timely closing of accounts.
• Perform project cost forecasts/budgets, cost tracking, monitoring and controls.
• Responsible for timely monthly consolidated financial statements, payments, cash-flow
management reporting for submission to Higher management.
• Review & approve payment vouchers & journal entries
• Perform cash flow forecasting, budgeting and working closely with the operations and project teams in analyzing margins, variances and cost analysis.
• Develop and maintain internal control and effective accounting system and policies
• ensuring that intercompany cost allocations are in line with management
agreements and transfer pricing policy
As a base camp Accountant I was involved in general accounting work i.e., making Bank Reconciliation Statement, preparing monthly statement of expenses, bill entry, bill verification as per contract, checking petty expenses releasing payment after statutory approval and leading the team by assigning tasks to them.
Master Degree in Commerce -main sub>Management Accounting,International Finance,Taxation, Marketing ect.completed with first class
completed in 2003