Kanchan Hasrajani

✓Lead, monitor & establish SLAs across Retail Brands including Cost Allocations, Loyalty Program Management, Revenue Recognition - Budget Vs. Actuals / True Ups, Accruals & Breakage Management
✓ Facilitate & Reduced delays in Store Audits / Certification across MENA & SEA Retail stores
✓ Establish, monitor, & facilitate decision making w.r.t Insurance coverage taken for entire Retail Group along with
timely premium negotiations
✓ Ensure compliance with Transfer pricing transactions, Balance Sheet / High Risk Accounts review considering
multiple Inter-Company Transactions which are in conjunction with Finance Controls along with weekly / Monthly
Reporting in line with Organization requirements.
✓ Ensure Intercompany transactions comply with the Group Policies & accepted on a timely basis
✓ Contribute to the Improvement, Identify Accounting & Financial issues & suggest timely solutions
✓ Continual development of team & product application skills

• Lead in establishing & monitoring of financial plans / annual budgets to actuals, traditional forecasting, month-end closing, pricing analysis / strategy, business models in expansion to business cases and carry out Big Data analysis to allow executive decision making broadly for the key Revenue generating functions under vertical - Products & Solutions viz; Core Company Products, Digital Solutions, Innovation Center, Strategic Partnerships and Value-Added Services across CEMEA Region.
• Identify areas for potential Financial improvements for functions supported vis-à-vis KPIs, strategies & priorities for the Fiscal Year.
• Seeking methods in the light of Company Policies and Procedures in minimizing Financial Risks and support periodic audit team(s).
• Create and present Management Reports for effective decision making periodically to Regional as well as Global Key Stakeholders.
• Come up with best business practices that allows utmost transparency and two-way communication between Business and other support Functions with Finance for proper Revenue Recognition, Expense Accounting in accordance with prevailing Taxing Laws / Regulations within appropriate region and Project Management - Team Work being the key motive.
• Ensure Operational Controls effectiveness and help suggesting improvement measure for smooth business functioning.
• Review vendor / merchant contractual terms, Supplier Risk Management (with PCI DSS Compliance wherever required) and assist in amending any gaps or missed facts, which might result in potential dispute or excess cost to the department.
• Conduct training of new employees.

Determine internal audit scope and develop annual plans.
Obtain, analyse and evaluate accounting documentation, previous reports, data, flowcharts etc.
Prepare and present reports that reflect audit’s results and document process.
Act as an objective source of independent advice to ensure validity, legality and goal achievement.
Identify loopholes and recommend risk aversion measures and cost savings.
Maintain open communication with management and audit committee.
Document process and prepare audit findings memorandum.
Conduct follow up audits to monitor management’s interventions.
Engage to continuous knowledge development regarding sector’s rules, regulations, best practices, tools, techniques and performance standards.

• Planning, designing and implementing an overall risk management process for the organization by defining Risk Matrix with levels of risks such as High, Medium & Low each signifying the benchmarks for risks whether Financial or Non-Financial along with materiality approximation. Besides, it also meant defining the difference between Inherent Risks vis-à-vis Residual Risks in a process outsourced by our clients.
• Analyzing risks as well as identifying, describing and estimating the risks affecting the business through a Risk Register - an excel based template created and established from scratch for each different process which notes down Major activities to sub-activities along with existing controls and whether require enhanced controls which would bring us then to the recommendations.
• Risk evaluation, establishing and quantifying the organization’s 'risk appetite' and Risk reporting in an appropriate way for different audiences i.e. level of risk they are prepared to accept these are either pre-mentioned in the contractual terms of the client or after a risk assessment once we are aligned on the findings and impact level with Process Leaders and Owners / Clients - there is a sign off taken in terms of the potential risks if materialized “X” is the acceptable limit in “$” or “Quantity” or in some cases both.
• Conducting Forensic audits based on requests received from the stakeholders Operations, which includes thorough investigation around the facts through available or provided details and involved interrogations of the staff, regaining / relieving / termination of those in active participation of the incident and refer back to the signed document which defines the potential liability
• Providing support to staff to build risk awareness within the organization.

• Process Review: Complete process walkthrough that includes system, documents, SLODs and overall implementation of the SOP. Also, assist departments to develop and implement procedures to comply. Stay updated with Laws and Regulations supporting the Industry and Compliance Procedures (Direct / Indirect Taxes, SOX, IFRS Accounting and other Statutory regulation requirements.
• Observations: Based on the procedures and process documented verifying the actual scenario and thereby commenting on the audit findings.
• Business Impact / Risk Implication: Against every finding of an observation studying through the business impact, which is or could lead to financial, operational or reputational loss.
• Recommendation: Suggested measures, which are cost benefit, clear and bring in robustness into the current process to achieve Business Goals.