Group Internal Audit Manager
Ramee Group of Hotels
Total years of experience :11 years, 9 Months
NATURE OF WORK AND RESPONSIBILITIES AS AN INTERNAL AUDITOR
• Managing Internal Audit of the entire group consist of 9 Hotels and 3 apartments. (Portfolio includes 5 star and 4 star Hotels and luxury apartments). I am Assisting Audit Department consist of Audit Manager, Asst. Audit Manager, Audit Supervisor and Internal Auditors. Ensure independence and objectivity during the audit and report all of our findings without any influence of the Management.
• Reporting directly to Audit Manager/Chairman of the Group about day to day audit observations and follow up with executive Management to take corrective action.
• Direct and supervise Internal Auditors from planning stage to finalization of audit reports. Give approval to audit scope, approval of audit plan, audit period and audit team etc.
• Run or lease analysis on time to time basis for restaurants, Hotels and Apartments, negotiating with the parties on lease rentals, draft terms and conditions for the agreements and finalized the deals.
• Checking and approving night audit reports including; cashier's report, check in/out reports, tariff posted, discounts. complimentary and rebates given to customers, credit card reconciliations, non-chargeable bills scrutiny, housekeeping and front office room status reports etc.
• Checking and approving purchase orders, Checks and cash payments, monthly payroll, procedural compliances, authoritative compliances, to detect and identify any supplier related or payroll related frauds or errors.
• Working in complete ERP based system where many different software are used but all linked to each other such as Opera. Micros, FBM/FMC, IDS, Milano, HR Net etc. Perform IT system audit on regular intervals to ensure compliance to authority matrix, authorize user ID creations, restrict unauthorized access, software license checking, recording and safeguarding of IT equipment. Thorough checking of food and beverage costing to find scope for cost reductions. Review of sales promotion offers of F & B Department and monitor its performance. Analysis of budgeted versus actual sales and expenditures and reporting major deviations. Checking compliance of various contracts agreement with suppliers.
• Checking compliance of all financial and labour laws and closely monitors recruitment process of HR Department to ensure transparency in recruitments process.
• Analysis of financial and operation data to assist Chairman and Senior Management in decision making.
• Review control procedures, highlight weaknesses and flaws noted and recommend controls to the senior Management and follow up for timely and effective implementation.
• Plan and review result of various spot check functions such as cash spot check, inventory spot check, vacant room checking and CCTV review and mystery audit.
• Imparting training to new recruits and facilitating as a technical instructor for in house training learning and education initiatives
NATURE OF WORK AND RESPONSIBILITIES AS AN ACCOUNTS & FINANCE MANAGE0R
• Managing account department and suggesting and advising on various accounting procedure and compliances.
• Daily reporting to Managing director including sale reports, ageing and marketing person wise sale and collection target reports.
• Monthly preparation of profit & loss a/c, loan repayments schedule, stock valuation and sale analysis reports .
• Checking tax compliance with accounts and tax department.
• Raising working capital loan including Bank guarantee, Letter of credit and short term loan.
• Review the performance of marketing (sale) person and report the actual v/s target achievement to the MD.
• Preparation of quartly result and submitting the same to SEBI (As a compliance of limited company).
• Coordinating and fulfilling the requirement of external auditors.
• Review accounting entries and adjustments entries on daily basis.
• Coordinating with procurement, HR and marketing department and providing valuable suggestion.
• Maintaining internal control system in accounts and finance and report to the management is case of any inefficiency found.
• Providing various accounting information to various outside parties like banker, credit rating agencies and to major suppliers.
• Various balance sheet item reconciliation on monthly basis including bank, debtors listing and tax reco.
Nature of work and responsibilities as an AUDIT TEAM LEADER (Sep 2014 - Feb 17)
• Ensures compliance with established internal control procedures by examining records, reports, operating practices, and documentation.
• Verifies assets and liabilities by comparing items to documentation.
• Completes audit workpapers by documenting audit tests and findings.
• Appraises adequacy of internal control systems by completing audit questionnaires.
• Maintains internal control systems by updating audit programs and questionnaires; recommending new policies and procedures.
• Communicates audit findings by preparing a final report; discussing findings with auditees.
• Complies with federal, state, and local security legal requirements by studying existing and new security legislation; enforcing adherence to requirements; advising management on needed actions.
• Prepares special audit and control reports by collecting, analyzing, and summarizing operating information and trends.
• Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; participating in professional societies.
• Contributes to team effort by accomplishing related results as needed.
audit verification, journal entries, tax audit, bank audit
• Asset ledger maintenance.
• General ledger maintenance.
• Accounts receivable / payable, accounts listing.
• Credit card reconciliation.
• Preparing month end and quarter end management accounts.
Cleared CA in first attempt