Group Operational & Financial Auditor
Hepworth Plastics ME & Cory's Packaging LLC
Total years of experience :17 years, 3 Months
1. Conducting internal audits (planned or unplanned) independently with minimal supervision.
• Developing audit programs and executing risk-based audits to review and identify Financial and operational risks for all group companies.
• Preparing list of requirements, walk through documents for each audit job along with test sheets
document.
• Performing audit procedures to verify that controls are operating through testing and interviewing
techniques.
• Examining and analyzing different systems, processes & records to ensure compliance with standard operation procedures.
• Identify internal control weaknesses and deliver practical, cost effective and Value-added recommendations to the Management.
• Preparing draft audit reports based on the audit findings and discussing the same with Group Manager Business Excellence.
• Maintained audit files along with working papers and cross references.
• Following up with the business unit heads on the implementation status of Audit recommendations.
• Conducting ad hoc reviews
2. Reviewing existing processes for all group companies in order to identify opportunities for improvements.
3. Supports in developing / revising process manuals for various areas of business as and when required by providing inputs based on best practices or areas for improvements identified during audits.
Managed independently risk based internal audit assignments and compliance reviews for companies in manufacturing, trading, and service industry.
Prepared monthly Management Information System reports analysing the monthly revenue, variation in expenses, budgeted and actual performance variance statement with detailed commentary, reporting on key financial and operational ratios.
Recommended clients on setting up the accouting team with segregation of tasks and implementing robust internal controls.
Accounts management and month-end closing procedures, audit adjustments and supporting calculations.
Independently written Standard Operating Procedures Manual for Pharmaceutical, Real Estate, Tyre Trading and Educational Institution along with corresponding flow charts for the purpose of setting up all the departments and implementation of standard procedures.
Business process review assignments for identifying key control gaps and recommendation on the same for various trading and manufacturing organization in UAE.
Internal Audit Assignments for Firms Registered in Dubai International Financial Centre / Dubai Finance Service Authority for compliance with DIFC/DFSA rules including Anti-Money Laundering regulations.
Managed financial reporting and auditing assignments for various clients including Kumar Builders Pvt. Ltd., Techno Soft Solutions India Pvt. Ltd., The Punjabi Cultural Association, etc.
Developed, implemented and supervised the complete accounting, financial reporting framework, internal control procedures with clients to achieve better financial reporting and quality of financial records in their organizations in compliance with accounting standards and in-country regulations.
Involved in the process of management accounting & preparations of various accounting and MIS reports for the purpose of taking various investment and cost control decisions by the senior management of clients.
Handled accounting and auditing assignments up to finalization stage with due regard to FEMA regulations in various industries.
Managed the tasks pertaining to capital budgeting and risk analysis for undertaking construction projects in different locations within construction industry.
Involved in variance analysis, standard costing exercises to reduce product development cost and increasing operational profitability.
Handled statutory audits having proper adherence to company law, accounting standards with proper financial reporting considerations.
Managed the tasks pertaining to Foreign Exchange Risk Management for reducing loss due to exchange fluctuation.
Negotiated and dealt with banks for banking facilities and handling foreign currency accounts for making overseas receipts and payments.
Conducted feasibility studies and cash flow projections with special focus on impact of taxation, depreciation, and working capital decisions.
Accounts / Audit / Finance Management / Internal Controls