Assistant General Manager Finance & Accounts
POLYCAB WIRES PVT LTD
Total years of experience :21 years, 1 Months
Polycab is a leading company in the electrical industry with a glorious track record of over 4 decades. It has the reputation of being the fastest growing company in the Indian Cable sector. Its manufacturing set-up is state-of-the-art, from world renowned suppliers of machinery and technology. My experience at Polycab primarily includes following;
Responsibilities:
•Closing of books of account and finalization of Financial Statement as per IND AS & IGAAP
•Preparation of consolidated financial statements of group companies
•Conducting management testing for compliance of Internal Control over financial reporting preparation of final report to Statutory auditors
•Drafted Schedule of Authority and key polices for the Company
•Core team member while implementing Goods and Service Tax in the Company
•Preparation of Annual business plan and rolling monthly budget
•Checking and analysis of monthly expense and provisioning of expenses
•Performed reconciliation of all payroll costs with financials
•Handling financial matters including Working Capital Management, Ratio Analysis & Cash Flow
Analysis
•Preparation of MIS reports to provide feedback to top management on financial performance
Quarterly basis
•Analysing aged debtors, creditors, General ledger review and expense sheet
•Performed excise reconciliation of last two years of the Company
I worked in the Corporate Assurance Group that provided assurance services to Bharti Airtel Limited- India & Africa. The domain of my work included internal audits review of the design and operating effectiveness of various processes like finance statement closure procedures (MIS), procurement, HR and payroll, fixed Assets, insurance, Banking operations, taxation and various statutory compliances.
Responsibilities:
•Lead as subject matter expert for Finance related reviews of India and Africa operations
•Developed audit plans that address key risks and operational issues, ensuring execution, both in terms of timelines and quality of output
•Conducted Internal Financial Control (IFC) management testing
•Supported audit partner in seeking relevant information from auditee
•Ensuring timely issuance of audit reports as per defined quality parameters
•Manage partner performance to ensure deliverables are met as per agreed SLAs & contractual agreements
•Coordinated with stakeholder, analyzing of data and converting into desired information to management for quarterly Audit Committee meetings
•Completed overseas assignment in Kenya, Uganda and Tanzania
•Formulation of Audit Plan and scoping to ensure adequacy of coverage and assurance - cyclical coverage of all companies in Essar Global based on materiality and risk
•Handled the Internal Audit assignment of Essar Steel India Limited with a turnover of more than $ 4 Bn.
•Overseas experience in completing operational and financial reviews of PT ESSAR Indonesia & ESSAR Steel Middle East, Dubai
•Performed Fraud and Forensic audit within organization -
•Tracked the fraudulent transactions performed through
•Scrutinizing bank accounts, cash vouchers, traced telephonic conversations, favored vendors and customers
Responsibilities:
•Conduct the internal audit of Procurement process (Commercial review), mining process, export sales, HR and payroll, inventory management to provide reassurance to ESSAR senior management
•Completed Control Assessment process for five SBUs of Essar Steel India Limited
•Preparation of presentation for Audit Committee and Management Committee
•Conduct the risk assessment of all business processes in consultation with process owner & business heads in order to assess the risk & frame audit plan
•Monitor SOP compliance
•Conducting monthly review of financial statement, EBITDA, capex MIS, sales MIS, insurance MIS, and general ledger scrutiny etc.
•Variance analysis of consolidated financials & restated financials
Responsibilities:
•Preparation of reports under IFRS Guidelines, IGAAP, other corporate reporting (Balance Sheet, P & L & Cash Flows)
•Preparation of Alumina & CPP MIS including costing of the product, fund flow, working capital, profit & costing variance analysis, spend base sheet, consumption reports etc.
•Preparation of Operational Business Plan, Fund Flow & Working Capital
•Preparation of Monthly MTM Reports
•Managing mutual funds investment portfolio of 1200/- Crore. Constantly in contact with different AMC’s and brokers. Daily tracking of returns of Debt market, shuffling, redemption, rollovers and switches.
•Opening up of banking facilities like L/C limit, Bank guarantee limits
•Forex operations include booking/ cancellation / rollover of Forward contracts
•Budget controller for all raw material procurement, capex & spares item
•Overall controller for Physical verification of all raw materials
Statutory, Internal & Tax Audits of Manufacturing, Trading & Service Sectors
•Bank audit - Both Internal & Statutory audit
•Audit- Internal, Statutory and Tax
•Tax Computation, Planning and Compliance
•Finance MIS- Preparation, Cash flow analysis, Variance-Analysis and Validation
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