Internal Auditor - UAE & Oman
The Kanoo Group
مجموع سنوات الخبرة :12 years, 4 أشهر
Conducting Risk Based Internal Audit (RBIA) for Third Party Management, Group Policies & Procedures, Balance Sheet Sundry Accounts review and Credit Control Process.
Division specific audits performed for Heavy equipment workshops, Property, Exhibition services, Engineering divisions, Power equipment trading division, Insurance JV and Logistics business.
Conducted Fraud Audits for Travel & Shipping businesses.
Review of data migration for Human Resource system implementation for near to 1200 employees with a monthly salary payout totaling to AED 13.2 million.
Review of employees’ final settlements in compliance with UAE Labor Law.
Performing detailed year end stock count for Commercial & Engineering division and analysis of stock levels, turnovers and stock aging.
Risk assessment for Customer Order to Billing cycle, Purchase to Pay, Cash Management, HR recruitments from third party, Long term customer contracts (more than 2 years).
For Business valuations, perform historical financial statement analysis and detailed industry analysis to forecast financial statements, determine appropriate WACC using relevant market data, create excel financial models and sensitivity analysis to determine value of business using Discounted Cash Flow Methodology to help clients/investors make key business decisions.
Real Estate Regulatory Agency (RERA) audits for prominent real estate developers in Dubai. Also, meet and discuss key RERA audit issues with RERA government authorities.
Review of Fraud Audit for a well-known family owned business group in the Middle East.
Managing the project financing of Globex Laboratories (R&D) Ltd (an associate company of Rex-Tone Industries Ltd). The estimated project cost is INR 180 million.
Creating the fixed asset register in SAP Business One 9 and tracking the path of accounting process flow tracking.
Preparing weekly cash flows and monitoring the flow and requirement of working capital.
Preparing monthly income statements and balance sheet approaching applicable accounting standards and analyzing the profitability and ratios.
Making MIS reports for cost control areas, purchase order audit and presenting the same to the management.
Lining up with bank officials for working capital and the ongoing term loan facility.
Assisting in the statutory compliances related to The Companies Act, 2013 and other laws.
Monitoring the tax liabilities and paying the same on their respective due date.
Preparing the income statements and balance sheet
Managing the cash flows and receivables
Reconciliation of general ledgers
Handling purchase to pay cycle
Passing of capitalization accounting entries
Timely submission of Direct & Indirect Tax returns and payment of the same on due date.
Payroll management and statutory compliances for the same.
Audit and analysis of customer and vendor ledger accounts, stock movements verification with movement types, purchase order creation process and verification of the same with authorization matrix and other data dumps taken from the SAP ERP 6.0 (FICO module) system was done.
Assisting in framing internal control procedures and preparing an exhaustive presentation of the procedures.
Discussion of the reports made with management level executives of the company.
Verifying the costing principles and methods used to derive the cost of a commodity.
Passed Chartered Accountancy Examination.
➲ B.Com. from the Maharaja Sayajirao University, Vadodara in 2009 with 54.75%.
➲ SSC from Gujarat Secondary Education Board in 2004 with 84.83%.