MD Jafiruddin, Internal Auditor

MD Jafiruddin

Internal Auditor

Harsco Group

Location
India - Hyderabad
Education
Master's degree, Accounts and Audit
Experience
9 years, 7 Months

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Work Experience

Total years of experience :9 years, 7 Months

Internal Auditor at Harsco Group
  • India
  • My current job since November 2014

Present Engagement: Since Nov’14

Currently I am supporting Global Internal Audit and Internal controls since April’17 at Harsco Group, and is responsible for audit planning, audit execution, IT Sox Controls, draft reports, follow up business and monitor implementation of agreed management action plan.

Following are they key roles and responsibilities.

• Review process MAP at shared service center for HR Function, Finance function(AP, AR, FA, GL etc) and procurement(including change management and vendor set up) and ensure appropriate segregation of duties.
• Working with Global service center to standardize the process of data processing and reporting.
• Sox testing and Review of IT sox documentation.
• Compliances audit and support Investigations.
• Preparing templates and ensuring implementation of self control assessment checklist at site.
• Internal audit planning, finalization of scope of internal audit in consulation with Internal audit director.
• Conduct internal audit feedback survey and prepare annual presentation.
• Executing internal audit and review documentation at site level.
• Support drafting of policies and procedures, recently amended the R2P polocies.
• Working with IT to implement Innovation and automation ideas.
• Training team on usage of BI and Oracle for data extraction and data analysis.

Earlier I have worked for Harsco Metals India as Deputy Manager FP&A role exceeding expectations in performing the following.
• Analysis of Maintenance and operational KPI’s & daily cost monitoring.
• On time delivery of high quality forecasts, latest views and plans including high quality analysis of any variance and bridging the Gap from plan and forecast.
• Making economic feasibility report and raising AFI’s for capital expenditures.
• PNL and Balance Sheet analytics at month/quarter end - KPIs & MIS.
• Completion of month end process like Revenue Recognition, Inventory Accounting
• Ensure the Internal controls for the process is implemented and is working effectively.
• Receivables Management including coordinating with customer and banks for discounting the letter of credit.
• Managing Site Accounts Payable.
• Ensuring Inventory Controls at Site - daily discipline over processing of issues and receipts and cycle counting.
• Reviewing Open PO with the Procurement, operation, maintenance and guiding the team members to reduce the open items.
• Review of GRNI Open items and guiding the team members to reduce the open items.
• Ensuring Compliance with Sales Tax / Value Added Tax, Entry Tax, Service Tax and Income Tax related tasks
• Providing necessary information to the Statutory Audit team, Internal Audit team and Special Audit team as and when required.

Feel proud been appreciated for the following:

• Detection of fraud at site level within 3 months of joining.
• Interacted and convinced the customer to implement the escalation clause from the very first day of the billing.
• Implemented the “Letter of Credit” procedure for collection of dues from customer which accelerated the collection which earlier was being done through cheque broken down for part payment.
• Successfully coordinating with the Customer for AR collection. Hence the DSO has reduced to 66 days from 106 days in FY14

Deputy Manager at Harsco Metals
  • India
  • to

FP&A role exceeding expectations in performing the following.
•Analysis of Maintenance and operational KPI’s & daily cost monitoring.
•On time delivery of high quality forecasts, latest views and plans including high quality analysis of any variance and bridging the Gap from plan and forecast.
•Making economic feasibility report and raising AFI’s for capital expenditures.
•PNL and Balance Sheet analytics at month/quarter end - KPIs & MIS.
•Completion of month end process like Revenue Recognition, Inventory Accounting
•Ensure the Internal controls for the process is implemented and is working effectively.
•Receivables Management including coordinating with customer and banks for discounting the letter of credit.
•Managing Site Accounts Payable.
•Ensuring Inventory Controls at Site - daily discipline over processing of issues and receipts and cycle counting.
•Reviewing Open PO with the Procurement, operation, maintenance and guiding the team members to reduce the open items.
•Review of GRNI Open items and guiding the team members to reduce the open items.
•Ensuring Compliance with Sales Tax / Value Added Tax, Entry Tax, Service Tax and Income Tax related tasks
•Providing necessary information to the Statutory Audit team, Internal Audit team and Special Audit team as and when required.

Feel proud been appreciated for the following:

•Detection of fraud at site level within 3 months of joining.
•Interacted and convinced the customer to implement the escalation clause from the very first day of the billing.
•Implemented the “Letter of Credit” procedure for collection of dues from customer which accelerated the collection which earlier was being done through cheque broken down for part payment.
•Successfully coordinating with the Customer for AR collection. Hence the DSO has reduced to 66 days from 106 days in FY14

Pervious Employment:

Before HARSCO I have worked as

Education

Master's degree, Accounts and Audit
  • at Institute of chartered accountants of India
  • November 2010
Bachelor's degree, Commerce
  • at Ravenshaw University
  • January 2007

in

High school or equivalent,
  • at ICAI Nov

courses: (Indian

High school or equivalent,
  • at ICAI Nov

courses: (Indian

Specialties & Skills

Hyperion Plannig
ACCOUNTING
ACCOUNTS PAYABLE
BALANCE
BILLING
BUDGETING
BUSINESS INTELLIGENCE
DATA ANALYSIS
UAE VAT
ACCOUNTANCY

Languages

English
Expert
Hindi
Expert