Accounts and Audit Manager
APG Management Consulting
Total years of experience :15 years, 11 Months
⬧ Perform strategic and financial planning for clients, preparing and monitoring of annual budgets and performing detailed variance analysis, developing root cause analysis and follow up action plans for budgetary controls.
⬧ Lead and manage Cash Flow improvement initiatives for clients.
⬧ Perform detailed financial analysis to determine trends, estimates and significant financial shift
⬧ Manage accounting and financial systems and maintain full and accurate accounting records.
⬧ Prepare and review management reports - Profit and loss statement, Balance sheet, Account Receivables/payables statement, Petty cash reports etc. to assist decision making for clients.
⬧ Ensuring compliance with local regulations, including Value Added Tax (VAT)
⬧ Implementation of VAT for various companies. Developing Standard Operating Procedures (SOP) for VAT
⬧ Providing professional and technical consultancy to ensure finances and accounts are managed according to legislation, policies and procedures and generally accepted accounting principles
⬧ Treasury management for clients with timely monitoring of interests, Bank Guarantee, Letter of Credit, other requirements from banks
⬧ Conducting end to end review of processes to identify the area where internal controls are inadequate to mitigate the risk, for providing measures to control or reduce the cost.
⬧ Suggesting process improvement and areas where controls needs to be strengthened.
⬧ Leading and assisting clients in implementing process changes.
⬧ Conducting special investigation to identify the frauds/revenue loss etc.
⬧ Co-ordinating with External Auditors for data provision and query resolution
⬧ Developing and improving financial and commercial SOPs for clients.
⬧ Providing periodic training to clients on finance and accounting processes
⬧ Preparation of Risk based audit plan for the Retail liabilities group of the bank
⬧ Designed checklists as per COSO framework to be included as part of the existing audits
⬧ Performed multiple independent analyses to improve overall audit processes and cost savings
⬧ Team leader and Supervisor for end to end process and products audit. such as Digital channel processes, Mobile and Internet banking services, Savings Account product review, Accounts Payable, Accounts receivables, Loans and Advances
⬧ Handling PAN India Key Audit findings (KAF) for Internal Audit team, preparing and presenting power point presentation on KAF in quarterly Audit committee meetings
⬧ Evaluating the internal controls for Accounting function. Periodic review of balance transfer for all SAP codes from Finacle. Reviewing Mapping of each SAP codes with Finacle system. Periodic review of SAP entries
⬧ Working with Audit Intelligence Unit (AIU), to continuously generating new exception reports (Standardised Query Language) from the data bank for further review/audit
⬧ Independently handled the project of Auditing 1000 branches from remote location.
⬧ Audit Planning, scheduling and implementation of internal audits to be conducted in bank branches, ATM, Integrated Currency Management Centers across India
⬧ Detail review of Bank’s KYC and Anti-money laundering (AML) processes for all the business units. Review of timely filing of Suspicious Transaction Report to FTI.
⬧ Monitoring concurrent audit performance and providing technical support and guidance to external auditors
⬧ Evaluating the internal controls and process gaps and suggesting remediation plan
⬧ Suggested process improvements at multiple levels leading to increase in performance efficiency and productivity
⬧ Credit Appraisal and Risk Analysis of loan applications to ensure compliance with all policies and procedures.
⬧ Providing periodic feedback and updates on changes in local regulations for updating audit procedures
⬧ Developed Branch Banking checklists which were implemented throughout India
⬧ Responsible for on boarding and training new hires on audit processes
⬧ Led multiple statutory and internal audits in the third year of internship across multiple industries.
⬧ Regulatory compliance reviews of multiple leading public and private sector banks like Axis Bank, ICICI Bank, HDFC Bank, BNP Paribas Bank etc.
⬧ Conducting Special Audit assignment for Reserve Bank of India (RBI)
⬧ Mutual fund reviews, money market reviews, Anti Money Laundering reviews
⬧ Developed policies and SOPs for multiple clients covering all functional processes considering best practices
⬧ Statutory audits and tax audits
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