Associate General Manager-Internal Audit
Welspun Corp Limited
Total years of experience :17 years, 2 Months
• Managing the internal audit function of Welspun Corp Ltd and its Subsidiary companies.
• Coordinating with an outsourced internal audit team of 4 personnel spanning across various locations.
• Liaison with Welspun Group Internal Audit Team, Management & outsourced auditors in the planning and conduct of audit assignments, discussing findings, emerging risks and actions to address identified risks.
• Closely working with the relevant process owners and internal auditors on timely implementation of points mentioned in Action Taken Report.
• Managing the internal audit function of Future Consumer Ltd and its Subsidiary Companies.
• Leading an outsourced internal audit team of 6 personnel spanning across Mumbai, Bengaluru & Delhi.
• Liaison with management & outsourced auditors in the planning and conduct of audit assignments, discussing findings, emerging risks and actions to address identified risks.
• Assisting the Business Heads in updating the Risk Register as well as testing of controls to mitigate the risks identified.
• Responsible for operational audit of near to 60 warehouses spread across PAN India.
• From Jun’15 till Mar’17 was responsible for KPI based operational audit of nearly 150 retail stores.
• Testing of Internal Financial Controls (IFC) on half yearly basis.
• Preparation and implementation of SOP’s for critical business areas and ensuring its adherence.
• Jointly working with outsourced auditors in preparation and presentation of quarterly internal audit report to the Audit Committee.
• Closely work with IT Department and identify potential areas where automation can be done and manual controls can be minimised.
• Continuous follow-ups on the Internal audit observations with the process owners to ensure all the process gaps has been rectified and controls are working effectively.
• Conducting management audits as well as Forensic audits as per the instructions from the Senior Management.
Risk assessment, Controls Testing, Finance Audit, Operation Audit, Budgeting, P&L Analysis, internal audit for 40 restaurants and drafting and finalising SOP at corporate office.
From Jan’13 till Jun’15, headed the Internal Audit department having a team of 3 personnel.
• Responsible for KPI based internal audit of 40 KFC stores in Maharashtra.
• Analysis of current SOP of Store operations and identify key risk areas and conduct audits.
• Detailed audit of Sale transactions via POS reports (Micros) and conducting surprise audits to identify revenue leakage if any.
• Wastage Analysis to identify leakage in stock reporting.
• Employee data audits to identify leakage in headcount reporting and salary payout.
• Surprise audits for verification of Cash and Inventory count.
• Vendor Management i.e. verifying the entire process of selection till awarding of Orders to the vendors.
• Fixed Asset Management and verification.
From Dec’10 till Dec’12, worked as Manager- Accounts and MIS and handled a team of 10 personnel.
• Responsible for preparation of annual budget and reporting to Management in India and Malaysia for review and approval.
• Overseeing entire accounting functions of the company till Finalisation of Accounts.
• Coordinate and taking complete charge of internal and statutory audit.
• Cash management which includes timely payment to vendors and also timely accounting of Receipts.
• Monthly MIS reporting to KFC Malaysia and management in India.
• Ensure maintenance of appropriate internal controls and financial procedures (Voucher Approval examining overall bills etc).
➢ B S R & Associates (KPMG)
Designation: Senior Associate
Experience: 2.8 years (March08 till Nov '10)
Involved in conducting statutory audits as per Indian Companies Act of several companies like: 1. Hirco ( Hiranandani Group)
2. PSA India Pte Ltd- India Liaison office.
3. Pepe Jeans India Limited.
4. CapitaLand Group- Singapore based Real Estate Group.
5. Saurer Precicomp Private Limited. (part of Oerlikon Group)
6. Wimco Ltd (subsidiary of ITC Ltd.)
7. QAD India Private Limited- Software Development Company.
8. Thorn Lighting India Private Limited- Manufacturing and trading of Light and Luminaries.
➢ ICICI BANK LTD.
Designation: Assistant Manager-Band II
Experience: 5 months (Oct '07 to 19 Mar '08)
1. Was working in Small & Medium Enterprise Group handling Credit Analysis of various clients.
2. Financial Analysis involving analysis of ratios and viability of the project.
3. Forecasting & analysing future financial performance of the client based on data provided by the client.
➢ PATNI COMPUTER SYSTEMS
Designation: Executive-Finance
Experience: 7 months (March '07 to Oct '07)
1. Involved in monthly & quarterly analysis and presentation of Profit & Loss Accounts of various verticals of the company.
2. Performing MIS related activities like reporting on unbilled revenue, Head count analysis, Revenue at Risk analysis, analysis of Budgeted revenue with actual revenue earned on month to month basis and on quarterly basis.
3. Analysis, Preparation & presentation of Quarterly Business Performance to the Management.
➢ Mehta & Sanghavi- Chartered Accountants
Completed articleship and was mainly involved in conducting internal audits
Experience: 3 years
1. Internal audit of Lokhandwala Constructions Private Limited mainly handling purchases, expenses, Bank transactions and Contractors billings.
2. Internal audit of Bhagavati Designs Private Limited involved in the audit of all the areas like Revenue, expenses, Payroll, Bank transactions.
3. Independently handled the Bank audits of Andhra Bank- Dilsukhnagar Branch- Hyderabad and Indian Overseas Bank- Mumbai Central branch.