Manager Internal Audit
Olam International
Total des années d'expérience :19 years, 10 Mois
• Preparation of an Annual audit plan for the Africa & middle east region using appropriate risk audit methodology
• Detailed exposure & experience in country-specific risks from differentiated regulatory environments, various distinct business models, business conduct practices and socio-economic contexts of multiple geographies
• Shouldered the responsibility of Management audit’s for the following geographies:
West Africa : Nigeria, Ghana, IVC & Gabon
East Africa: Tanzania, Zambia
Central Africa
Middle East
South Africa
• Exposure to varied business and geographies, such as-
Plantation Management - Almonds (Australia), Palm & Rubber(Gabon), Coffee (Zambia), Timber (Congo)
Manufacturing Operations- Packaged Food business (Ghana & Nigeria); Cocoa Liquor & butter (IVC), Wood products (Myanmar); Wheat milling operations (Ghana & Cameroon)
Agricultural commodities - Cocoa & coffee (IVC); Cashew (IVC), Sesame (Ghana & Sudan); Rice (Cameroon) Dairy (Algeria)
Special Economic Zone Construction and Management in Gabon (West Africa)
• Oversees work of audit executives based in Africa- providing them scope along with review of concurrent audit performed
• Drafting audit reports and conducting meetings with management to discuss findings and management responses
• Overall In-charge of Global Physical verification of Inventory covering more than 50 countries
• Conversant with Enterprise Risk Management frameworks like COSO / SOX frameworks and audit of Information Technology areas (SAP environment)
• Automated control oversight like data analytics and implemented SAP based Auditing techniques in Olam International
• Accountable for preparation/Review of Monthly Group Management accounts along with coordination with the respective accounts managers of various regions for closure of monthly accounts
• Accountable for handling the Group consolidated and combined special purpose accounts / Audit, statutory audit and Internal audit
• Analysis and Review of various weekly/monthly operational finance Reports like Category & Net contribution, Cash flow/ Drs Crs and to provide key operational analysis to top management
Super-Max (Wesley International) Manager- Group Accounts & Compliance
Februrary '12 - Till Date
Brief Background
Super-Max is the world's second largest manufacturers of razor blades. Headquartered in the UAE (Dubai), Super-Max has regional offices in countries like UK, USA, Singapore etc. along with 5 manufacturing facilities which support their global operations.
Responsibilities /Job description
• Responsible for Group consolidated and combined special purpose audit for 31 March 2012 conducted by the big four (First year of group accounts)
o Single point of contact for the group auditors
o Led the entire team of location/component accountants (Super-Max Group has more than 20 entities in 10 jurisdictions)
o Assisted all the locations in preparation of audit requirements
o Review of the Trial Balances (TB), reporting templates of all the locations before being shared with the auditors
• Responsible for all the Certification's to be provided to the PE in line with the SSD
o Deal cost certificate
o Credit polices certificate for all the locations
o Fair Valuation Certificate
o Net Debt for 31 March, 2011 and 31 March, 2012
o EBITDA certification for 31 March, 2012
• Responsible for the statutory audits of 31 March 2012 of all locations like India, Dubai UK, Czech, Mexico, Singapore, Mauritius etc.
• Prepare a compliance calendar/due date database for all the locations
o Due dates for Stat audit
o Due dates for tax fillings
o Other Regulatory fillings
• Responsible for all the tax fillings of all the locations
o Instrumental in appointment of external tax consultants in a few locations
o Liaison with all the external tax consultants in locations
o Review of all the tax returns before submission to the tax authorities
• Instrumental in setting up of internal audit function in key components: o Invited quotations from IA's
o Appointment of PKF in Dubai and Bangladesh
o Appointment of local reputed IA firm in Mexico
o Direct point of contact for all the internal auditors
• Direct interaction with the Partner and Director of PE
o In relation to audit/certification/accounting query
o Assisted the legal counsel in formulating responses to all the correspondences of PE
• Involved in setting up of systems
o Warehouse Management System (WMS) for the supply chain and logistics functions at the company and third party warehouse
o Focus software at all the C&F locations in India
• Participated in the Audit committee meetings
o Presented the financial analysis of 31 March, 2012 numbers to the ACM
o Presented the Internal audit findings with proposed recommendations to the ACM
• Responsible for preparation and review of the accounts of Promoter owned companies
Key Achievements
• Additional responsibilities and salary increment given after first 6 months of joining in consideration of exceptional performance.
KPMG Mumbai, India Assistant manager, Assurance Services October '10 - December '11
Work Profile
• Identified business opportunities.
• Got involved in conducting department meetings and trainings.
• Performed the role of quasi manager on medium size engagements.
• Conducted direct dealing with Partner/Director on the engagements.
• Assisted the Senior Manager /Director in designing suitable proposals to prospective clients.
• Led and guided the audit team as an overall in-charge on audits.
• Managed good client relations & established a rapport by problem solving.
• Liaised with the specialists on the engagements.
• Prepared deliverables like audit committee presentations, audit reports etc.
• Prepared accounting papers on key issues with adequate research and discussions with DPP (Department of Professional Practice)
• Performed risk formalities on all engagements managed.
• Prepared and monitored the budget on all the engagements.
Major Clients Key Highlights
Super-Max
(Actis largest investment in India)
• Led a team of 8 auditors including an Assistant Manager.
• Direct coordination with the 23 countries (involving KPMG & non KPMG auditors)
• Liaison with the Group CFO and India CFO in relation to Group consolidated accounts.
• Identified a business opportunity at the client of Global In-direct taxation assignment and assisted the team with regards to information.
• Direct interaction with the Director and Partner on the assignment.
• Review/understand the SPA agreement, fund flow & deal documents and its implication on consolidation.
• Dealt with complex accounting IFRS issues like IFRS3 - business combination, IAS 9 Revenue Recognition, IAS 38- Intangibles, Accounting Treatment of listing /slotting fees etc.
• Dealt with complex auditing issues in terms of audit i.e. audit opinion on opening balance sheet under IFRS framework.
• Review component accounts and assisted the component auditors in resolving the issues identified at the components.
• Liaison with the Private Equity (PE) with regards to key issues /observations identified and on scope of certifications.
• Liaison with KPMG specialist department direct tax, indirect tax, IRM, transfer pricing etc.
• Liaison with DPP (Department of Professional Practice)
• Audit of Holding companies of Malta, Luxembourg, etc. at India Level.
Hirco
(Division of Hiranandani group)
Construction Company listed at AIMS (UK stock exchange)
• Held meetings with project finance and commercial directors & made site visits to key projects.
• Direct interaction with the CFO on the assignment.
• Performed engagement formalities and liaised with KPMG Isle of Man and Mauritius with regards to finalization of Inter-Firm Agreement
• Directly liaised with the Risk Team with regards to finalization of Inter-Firm Agreement.
• Prepared Group deliverables Highlight Memorandum, Analytical Review, Representation Letters etc.
• Dealt with complex accounting issues like revenue recognition under IAS 18, Borrowing costs - IAS 23.
• Effectively dealt with changes under IFRS, implemented Revised IAS -1 in the Burke statutory accounts.
Urban Transit Private Limited
(Infrastructure)
• Performed the role of quasi manager.
• Led the fee negotiations with the client.
• Liaison with PWC Malaysia with regard to Group reporting
• Successfully went through Group review of PWC
KPMG London, UK Assistant Manager, Infrastructure Audit
October '08 - September '10
Work Profile
• Performed managerial role on small clients and medium sized property fund clients.
• In charge role on property development, construction, public sector companies which included the below mentioned key responsibilities: o Led and guided the team of audit professionals.
o Provided clear directions to team members and give them opportunity to take new tasks and responsibilities.
o Managed overall client relations by establishing good client relations and resolve issues faced by them.
o Liaised with Head of Finance /Accounts and other top executives and active participation in close out meetings.
o Preparation of audit deliverables (audit committee presentations, highlights memorandum etc.)
Departmental Initiatives
• Actively involved in conducting department meetings and presentations.
• Entrusted with the responsibility of training the new joiners (trainee and qualified) on KPMG Audit Methodology (KAM)
• Entrusted with the responsibility of Momentum Manager of Infrastructure audit in the department which involved presenting on various updates at the department meeting and helping teams to ensure compliance KPMG Audit Methodology (KAM)
SUMMARY OF MAJOR CLIENT WITH HIGHLIGHTS
Major Clients Key Highlights
TFL (Transport for London)
• TFL is one of the largest public sector Companies in UK.
• Led a team of 6 auditors which included 2 Assistant Managers. The team met stiff deadlines and received positive feedback from the audit partner as well as client management.
• Dealt with key issues such as IAS 19 - Pensions etc.
Goodman
(Australian Property developer group)
• Ensured compliance with KPMG appointment polices i.e. preparing the engagement letter, agreeing the fees along with timelines for invoicing, and other internal approval processes.
• Ensured efficiency through clear instructions and directions to the audit team.
• Ensured compliance with IFRS disclosure, educated the client on requirements of Business review in directors report and other disclosures in the accounts.
G4S UK Limited
• Identified business opportunity whilst discussing issues with the client and ensured that personnel from the relevant line of business was immediately involved
• Assignment included dealing with key issues such as, IAS 36 - Goodwill impairment testing and compliance with various disclosures
KPMG Mumbai, India
Assurance (Manufacturing and CIM)
Senior
January 2008 to September 2008
Work Profile
• Team member and in-charge on audit clients.
• Financial statement assurance, business process risk evaluation and process improvement and regulatory compliance.
• Key Clients include
Pfizer Limited (Pharma): Statutory audit 30 November 2007 &Limited Review for Feb 2008 & May 2008.
• Schott Glass India Private Limited: Statutory and Tax accounts.
KPMG Mumbai, India
Assurance (Manufacturing and CIM)
Internship
April '04 - December '07
Work Profile
• Financial statement assurance, business process risk evaluation and process improvement and regulatory compliance.
• Team member: Statutory audit and Limited Review of Pfizer Limited and other Subsidiaries of Pfizer Limited in the group, Skanska Limited, Kuoni Private Limited, Siemens and other Private Limited Companies.
Key Achievement's EP (exceptional Performance) rating in the last 2 years of Internship
1999 Higher Secondary School Maharashtra board