Group Audit Manager
Hira Industries LLC
مجموع سنوات الخبرة :15 years, 11 أشهر
Spearheading a team of 4 qualified auditors & directing end-to-end management of audit & insurance for Group Companies in UAE, India, KSA, Qatar, and Vietnam which includes delivery of internal audit assignments across the group within defined time, cost saving, process & compliance improvement parameters.
Developing and implementing:
o Risk-based financial, operational, and compliance audit programs under the supervision of the senior management
o Internal Audit Plan for group companies, establishing internal audit scope and managing internal audit functions for the group and related subsidiary companies
Planning and performing complex financial, operational, and compliance audits with the objective of assessing compliance with operating policies & procedures;
Assessing risk and applying results to the prioritization of audit projects and objectives; developing audit programs that tested the level of risk which could be addressed by redefining controls within the assigned business area
Leading initiatives in conducting remediation testing; presenting audit findings to management; working with management in building recommendations and action plans based on findings
Identifying and developing opportunities for cost-savings, revenue enhancement, process improvements, process identification, and system/control gaps
Reviewing the effectiveness of the system/processes involved in pricing, costing, budgeting, MIS, country-specific direct & indirect taxes, export & import & transfer pricing compliance, and promoting risk management best practices by executing the risk-based audit approach
Formulating annual audit plans and getting it approved by the Audit Committee
Reporting the audit results to the CEO/MD’s and Audit Committee after the development of solutions and action plans for resolving audit issues
Coordinating and collaborating with the External Auditors for co-sourcing arrangements and External Agency for Transfer Pricing Audit, VAT, ESR, Export & Import compliances
Steering efforts in conducting fraud investigation and contributing in various special projects related to ERP, CAPEX & steering committee, Company formation & liquidation & JV arrangement in accordance with requirements of senior management and audit committee.
Engaged in planning, conducting & supervising audits of the construction division, real estate, manufacturing units, and service sectors of Group Companies
Successfully led the establishment of a new internal audit department for the Group reporting to the Chairman
Proven acumen in managing risk assessment, special audits, fraud Investigations, process improvements, and policies & procedures drafting & updation
Worked on critical audit findings & actions to be taken for redressal of issues, risk & control and presented the same to the Senior Management & helping in decision making
Showcased excellence by identifying excess payments made to the hired subcontractors & suppliers- change in material spec & contra charges and saved an amount aggregating to AED 1.4 million
Spearheaded a team of 6 qualified auditors and successfully worked on internal audits of 10 Manufacturing Units & 09 Sales offices including HUB, C&F & Contractor’s operations located in West & South India
Successfully managed internal/system/procedure audits, end-to-end process reviews, risk-based audit plans development including determining audit timelines, and controls & compliances
Contributed in taking corrective actions for audit findings & observations by discussing the same with management
Proficiently completed the investigations of the frauds identified during audits & via whistleblowers
Delivered presentations on various risk & control aspects to the Audit Committee & Business Review Committee
Led the overall development of the Audit team by imparting on-the-job training & supervision in conducting audits
- Internal, system and Procedure audit of Organization diverse business segment includes
Infrastructure Equipment Leasing & Finance, Infrastructure Project Finance, Advisory &
Development, Insurance Broking, Venture Capital, Capital Market and Sahaj e -Village and other
Subsidiaries Company reporting directly to VP (Internal Audit)
- Internal, system and Procedure audit of Organization diverse business segment includes industrial explosive manufacturing plant’s & sales unit, mining activities, lubricant division audit of Mother warehouse, Depot, C&F agent’s and Contract Manufacturer and quarterly review of RO & HO account’s reporting directly to GM & Manager (Internal Audit)
- Internal auditor of steel plant in Jamshedpur, directly reporting to Chief Internal Auditor, Corporate office