Ekta Sitani (FCCA)
GM Internal Audit at Engro Energy Limited- Claim this Profile
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Bio
Experience
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Engro Energy Limited
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Pakistan
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Oil and Gas
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1 - 100 Employee
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GM Internal Audit
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Apr 2020 - Present
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Philip Morris International
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Switzerland
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Tobacco Manufacturing
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700 & Above Employee
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Sep 2019 - Apr 2020
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Sep 2018 - Aug 2019
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Aug 2017 - Aug 2018
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Feb 2016 - Jul 2017
Preparing Organizational Budget and Rolling Forecasts for the Manufacturing Facilities Monitoring and controlling actuals costs in line with budgets / forecasts Monitoring and analyzing product costing and overhead cost absorption / allocation principles Preparing budgets and overseeing cost control of specialized vertically integrated Green Leaf Procurement functionPresenting quarterly performance management reports to the senior managementBudgeting and monitoring the capital expenditure projects Managing the fixed assets of the company and ensuring the accounting treatment is in line with the accounting standardsMonitoring inventory levels to ensure most efficient usage of working capital investmentLeading a team of 20 analysts in 4 geographical locations Show less
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Dec 2013 - Jan 2016
Responsible for submitting balance sheet and cash flows projections for Regional Management ReportingMaintaining relationships with the banks and ensuring optimal banking services for the CompanyMaintaining a cash flow model which meets the requirements of the business and maximizes returnsResponsible for introducing technologically advanced cash management tools for the CompanyWorking on intercompany borrowing and lending instruments involving derivatives Responsible for liaising with Central Bank on foreign currency inflows and outflowsPreparing and taking decisions for Annual Financial Plan for the CompanyResponsible for looking after the centralized sales collection teamMonitoring Credit Risk and formulating strategies to minimize risk while meeting the requirements of the distributorsResponsible for formulating effective risk management and insurance plansOverseeing credit risk and providing banking solutions for several African markets such as Angola, Mozambique, Nigeria, Djibouti, Ethiopia, Tanzania, Malawi, Somalia, Gabon and KenyaLeading a team of 13 analysts Show less
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Jan 2012 - Nov 2013
Responsible for submitting balance sheet and cash flows projections for Regional Management ReportingMaintaining relationships with the banks and ensuring optimal banking services for the CompanyMaintaining a cash flow model which meets the requirements of the business and maximizes returnsResponsible for introducing technologically advanced cash management tools for the CompanyWorking on intercompany borrowing and lending instruments involving derivatives Responsible for liaising with State Bank of Pakistan on foreign currency inflows and outflowsPreparing and taking decisions for Annual Financial Plan for the CompanyResponsible for looking after the centralized sales collection teamMonitoring Credit Risk and formulating strategies to minimize risk while meeting the requirements of the distributorsResponsible for formulating effective risk management and insurance plansLeading a team of 15 analysts Show less
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Apr 2011 - Jan 2012
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Aug 2009 - Mar 2011
Performing reviews of internal processes and functionsPreparing review reports for management and presenting it to the audit committee Ensuring compliance with SOX by implementing, testing and reporting to the Regional Internal ControlsGovernance ReportingSupervising a team of 3 analysts.Preparing and presenting quarterly reports for audit committee. Preparing risk assessment for the companies and identifying areas of attention
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EY
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United Kingdom
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IT Services and IT Consulting
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700 & Above Employee
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Mar 2006 - May 2009
Planning of Audits and Audit Related Assignments of various non-financial sector clients.Application of International Accounting Standards, Technical Standards and Generally Accepted Accounting Practices.Timely preparation of all deliverables including Separate and Consolidated Financial Statements, Management Letters and other deliverables.Foreign Reporting in accordance with the instructions of the Group Auditors.Supervising and Reviewing work of juniors and semi-seniors at various clients.Assessment of audit risk associated with the clients and determination of overall audit approach.Review and evaluation of audit procedures and their results.Special assignments for reports to regulatory authorities, parent companies and head offices.Staff planning and organization.Ensuring quality of services to the clients and their satisfaction to the services provided.Major clients were:Sanofi Aventis (Half Yearly and Annual Audit)EnvicreteCentury Insurance Company LimitedUSAID Show less
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Dec 2008 - Feb 2009
Seconded to Ernst & Young – Kuwait for the period from November 2008 to January 2009 as Senior Auditor wherein I worked in a multicultural environment applying the latest audit practices and methodology. • Gulf Bank ( Credit Card Risk Analysis Assignment)• Sheraton Hotel
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Education
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ACCA
Chartered Certified Accountant -
Oxford Brookes University
Bachelors in Applied Accounting -
F.G Degree College Quetta
HSSC, Humanities/Humanistic Studies -
St. Joseph's Convent School
O'Levels