Sr.Internal Auditor
Muthoot Fincorp Ltd
Total years of experience :18 years, 2 Months
•Conduct periodic audit on the company’s financial systems and procedures, financial statements and internal management controls to ensure compliance with legal requirements and corporate policies.
•Schedule staff meetings to present audit results and recommend pertinent solutions to any unaccountable transactionsfaulty or erroneous data and other financial record aberration.
•Conducting special investigations and reviews including fraud, misappropriation and employee misconduct in order to bring out inefficiencies and fraudulent activities and to ensure that Office etiquette are followed by each employee.
•Physical verification of valuables i.e. Cash in hand, Gold packets, Cheque leaves, Stamps etc as to its correctness with Computer generated reports/Registers and scrutinizing Cash book and ensuring that Hard copy of Daily, Weekly & Monthly Financial Documents are kept by the branches.
•Verifying that the documentations are done as per company policy such as -Fixed Deposits/Secured Debentures, Part Withdrawals/ Secured Loans and their interest receipts, Gold Loan Documents including notices, Incentive payment records under various schemes to staff, Reconciliation statements of Bank as well as HO/RO Accounts, Leave records, Bonus/exgratia payments and other Statutory records of Staff maintained by the branch and recovery of excess payments, if any.
•Conducting Handing over/Taking over of branch as and when required by the management, verifying and reporting to top management of any unauthorized payments for which ex post facto approval is required.
•Conducting monthly concurrent audit of forex licensed and franchisee branches and ensuring forex documents are kept as per the guidelines of RBI. And conducting vouching of various revenues and expenditures of Branch with Day Book.
•Train new auditors to perform Branch audits and review working papers for sufficient audit evidence.
• Handling Operational activities like preparation of client invoices, Purchase Orders, Requisitions
• Preparation and Presentation of Project Review Report
• Maintaining the incoming and outgoing of cash representing the operating activities of our organization
• Restoration of difference in ledger Accounts, Bank Accounts and Inventory Accounts
• Preparation of MIS Reports (related to Sales, Purchases on monthly basis)
• Presenting Purchase Documents for ISO Audit requirements
• Verify the inventory accounts against the actual stock of goods in the warehouses.
• Examine the received goods and check for consistency with the quality and quantity specifications. Return goods that do not meet the specifications.
• Maintain close relations with local business community in order to fulfill client’s needs more effectively.
• Conduct, daily, weekly, monthly or yearly audits as per the organization's instructions
• Make certain the accounts confer with the set accounting regulations and are legally presented
• Managed in the preparation and finalization of accounts of small and medium sized firms
• Prepare audit program for the team and mention details of the name of the personnel, responsibility, duration, completion date etc
• Maintain daily, weekly and monthly records of the audit work status. Report to higher authorities in case of any delays.
• Audited closely held companies/government agencies, non-profit organizations, trusts and professional bodies.
• Co-ordinating assessment, filing & submission of timely returns for compliance under the Income Tax Act.
• Charted internal control systems for non-utility subsidiaries that pointed out system weaknesses and reduced loss risks
• Conducted Cost Center Analysis of various departments in a Multispecialty hospital and presented report of the same to the Top-Level Management.
• Book Keeping, Accounting and preparing Bank Reconciliation Statement
Was doing Articleship as part of CA Course
Preparation of bank reconciliation and reconciling general ledgers.
Office Administration,
Book Keeping and Accounting,
Short Listing the Candidates and Scheduling Interviews
and Coordinating with the clients