RAKESH KUMAR, HoD, Group Senior Internal Auditor

RAKESH KUMAR

HoD, Group Senior Internal Auditor

Neelkamal Group of Companies

Location
United Arab Emirates - Dubai
Education
Master's degree, Accounts and Business Statistics
Experience
12 years, 1 Months

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Work Experience

Total years of experience :12 years, 1 Months

HoD, Group Senior Internal Auditor at Neelkamal Group of Companies
  • United Arab Emirates - Dubai
  • My current job since May 2020

• Performing the full audit cycle including risk management and control, management over operations effectiveness, financial reliability and compliance with all applicable directives and regulations.
• Obtain analyze and evaluate accounting documentation, reports, data flowcharts etc.
• Participate in determining internal audit scope and development of audit plans.
• Prepare and present reports that reflect audit’s results and development.
• Identify loopholes and recommend risk aversion measures and cost savings.
• Document process and prepare audit findings memorandum.
• Conducting follow up audits to monitor management’s interventions.
• Conducting operational audits.
• Conducting physical verification of assets.
• Conducting work as per directives of management from time to time.
• Mapping of business processes and evaluation of Internal controls
• Timely completion of audit assignment within the budgeted man-day
• Co-ordinate and discuss with Management on audit findings.
• Draft, review and finalizing of audit reports
• Report to General Manager and Director on day to day activity.
• Review of effectiveness of managerial supervision
• Reporting to Managing Director about the control weaknesses observed in the internal control system during the execution of audit

Senior accountant at Nimbus Logistics & Cargo / Neelkamal Group of Companies
  • United Arab Emirates - Dubai
  • May 2019 to April 2020

- Budget preparation, Variance analysis, maintaining liquidity for daily expenses, forecast cash flow positions.
- Maintain banking relationships to establish credit facility, facilitate bills discounting, manage trade credits.
- Raising VAT Invoices & follow-up for collections, managing cash flows to meet operating expense.
- Preparing Financial Statements including P&L, B/S, Cash
Flow.
- Controlling credit period & limit for the existing debtors
& recovery of outstanding debts, follow-up.
- Review and verify accounts receivable and issue invoices, and accounts payable and perform reconciliations.
- Reviewing & verifying and processing all journal entries.
- Ability to maintain solid track of financial reporting.

Accountant at khansaheb Industries LLC
  • United Arab Emirates - Dubai
  • October 2018 to May 2019

- Accounts Finalization
- Processing Sales & Purchase Invoices on a monthly basis and
following up on customers payments
- Preparation of VAT return and presenting it to line manager
- Handling Payroll of 200+ employees through WPS
- MIS reporting
- Handling annual audit

Accountant at DXI LOGISTICS LLC
  • United Arab Emirates - Dubai
  • March 2017 to October 2018

Handled and managed various accounting activities viz. account finalization, preparation of various reports,
preparation of statement of financial position, statement of profit or loss, statement of changes in equity and
statement of cash flows.
 Ensured statutory compliance to tax matters & finalization of accounts.
 Statutory audit, tax audit and internal audit of corporate and non-corporate clients. During this period gained
experience regarding statutory / internal audit of private limited companies.
 Statutory audits of nationalized banks being an empaneled auditor.
 Analyzed financial statements; identified risks relating to financial statements presentation& performed
relevant audit procedures specially ledger scrutiny through system.
 Maintaining relationship with the clients having good follow up for accounts receivables and Payables

Accounts at Sultan Singh & Co
  • India - Jaipur
  • April 2012 to December 2016

Statutory audit, tax audit and internal audit of corporate and non-corporate clients. During this period gained experience regarding statutory / internal audit of private limited companies.
Statutory audits of nationalized banks being an empaneled auditor.
Analyzed financial statements; identified risks relating to financial statements presentation & performed relevant audit procedures specially ledger scrutiny through system.
Ensured statutory compliance to tax matters & finalization of accounts.
Handled and managed various accounting activities viz. account finalization, preparation of various reports, preparation of statement of financial position, statement of profit or loss, statement of changes in equity and statement of cash flows.
Maintaining relationship with the clients having good follow up for accounts receivables.

Education

Master's degree, Accounts and Business Statistics
  • at University of rajasthan Jaipur India
  • June 2012

Financial Statement Accountancy Financial Management Business Statistics Tax

Master's degree, CMA (Inter)
  • at The Institute of Costs Accountants of India
  • June 2011

accounts commercial and company laws direct taxation cost accounting Indirect taxation Operation management systems

Master's degree, Business Administration
  • at University of rajasthan Jaipur India
  • June 2010

Financial Management Material Management Tax Planning Business Environment in India

Bachelor's degree, B.Com
  • at University of Rajasthan, Jaipur INDIA
  • June 2008

Financial Management Financial Accounting Economic environment in India Direct and Indirect Taxes in India Banking and Finance Accountancy

Specialties & Skills

Financial Accounting
Financial Management
Auditing
Tax Accounting
Accountancy
ACCOUNTANCY
ACCOUNTING
ACCOUNTS RECEIVABLE
FINANCIAL
FINANCIAL STATEMENTS
TAX PLANNING
Book keeping
Internal Audits
Cost auditing
statutory audits

Languages

English
Expert
Hindi
Expert
Punjabi
Intermediate

Training and Certifications

Modular Triaining (Training)
Training Institute:
The Institute of Costs Accountants of India
Date Attended:
February 2012

Hobbies

  • Listening to Music, Travelling, Reading and playing outdoor games