Experience

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  Khimji Ramdas LLC

  • Muscat, Masqaţ, Oman

  • Chief Internal Auditor

    • Nov 2021 - Present
    • Muscat, Masqaţ, Oman

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  Freelancing consulting

  • India

  • Vice President Risk Advisory

    • Jan 2020 - Nov 2021
    • India

    Provide Internal Control Services helping with risk management, data security, and compliance – to enhance your shareholder value.Associated with Skillbench, Riskpro and RGP for various consulting assignements.Specialize in Internal Controls helping medium to large public/private companies, with the various Internal Control Services includes: IT Audit, Enterprise Risk Management, Sarbanes Oxley (SOX).Lead SOX Compliance program Fortune 500's for various business cycles, evaluate risk and control design, review with various stake holders, identify key risk and control requirements, develop test plans, evaluate test of controls, document overall results and discuss for management actions for SOX deficiency.Managing Information system (IS/IT) audit including ITGC (IT General Controls) by performing risk analysis to identify the treats to critical operations and assets, verifying the existence and efficiency of physical and logical controls, reviewing access controls, change management procedures, evaluating segregation of duties (SOD) business continuity plan (BCP) through verification of incident handling process, reviewing back-up policies and test recovery measuresImproving communication processes between client, by developing standardization for communication and reporting; redesigned the audit report format and audit rating systemDeveloping the professional capability of audit staff and project management personnel by conducting on-the-job training, staff meetings and seminarsDesigning a systematic process for annual & quarterly audit scheduling based on a company-wide risk assessment and interaction with senior management with focus on ensuring accomplishment of the department's audit plan and complete audit coverage; collaborating with external consultants to develop risk assessments and audit programsMajor client managed: ManpowerGroup, Technip Energies, Olympus.

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  KATERRA

  • Pune Area, India

  • Director Internal Controls

    • Jun 2019 - Dec 2019
    • Pune Area, India

    Establish & Promote Internal Control Ownership Transparency - Create the necessary transparency, ensured that the business demonstrates the proper level of ownership (responsibility and accountability) for the effectiveness of the internal control over financial reporting framework.Develop Corporate Accounting policies and standards, Regional Procurement policy and Local Payroll process to ensure overall process and controls are aligned with company objectives.Develop Internal Audit foundation/framework in line with IIA standards – Perform periodic risk assessment, develop overall audit program and ensure timely completion internal audits at manufacturing plants and various project sites.Successfully performed Internal Audit for key projects in India resulted in substantial procurement productivity.Plan and execute SAP GRC program -Evaluate the design and effectiveness of SAP controls throughout the business cycle, work with stake holders to identify opportunities for improvement in the areas of SAP Access Controls and SAP security.

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  Emirates Food Industries LLC

  • United Arab Emirates

  • Head Of Internal Controls

    • Aug 2017 - May 2019
    • United Arab Emirates

    Exhibit leadership in risk-based financial, operational and compliance internal control program and collaborating with senior management with focus on ensuring accomplishment of organization vision.Develop comprehensively various functional Policies and Standard operation procedures (SOP), conduct user training and ensure its effective implementation.Ensure timely and successful VAT (Value added tax) implementation. – Ensured System readiness, Prepare VAT related policy and process and provide required trainings.Revamp overall Supply Chain process, Inventory management and related process to streamline controls.

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  Mondelēz International

  • United Arab Emirates

  • Manager, Internal Controls

    • Jul 2008 - Jul 2017
    • United Arab Emirates

    - Lead the internal controls of the Middle East & North African (MENA) region having an annual turnover of approx. US$ 1 Billion.- Managing internal controls for Commercial, Manufacturing, and Distribution Business Units (BU) of wide geography of Dubai, Bahrain, Saudi Arabia, Gulf Countries, Pakistan & other MENA countries.- Lead Control Self-Assessment for Order to cash (OTC), Source to Pay (STP), Record to Report (RTR), Advertising & Marketing, Trade Marketing, Hire to Retire (HTR), Payroll, Maintenance, 3rd Party Distribution and Manufacturing processes.- Led Data Analytics by developing control reports (100+) from SAP System, to review transactions supported with business reasons, required approvals/forms and compliance with company policies & statutory requirements.- Manage SOX & COSO documentation, report and test for various business cycles.- Manage various Business Re-engineering projects from controls & compliance part like Outsourcing, Commercial reviews of business models, etc.- Managed SAP Up-gradation Project for ME region to ensure adequate controls, user access & compliance with policies.- Front-leading & mentoring talented professionals and building teams that well exceed corporate expectations; managed a team of 6 associates including CAs, managers & SAP consultants.- Review the user access in SAP to maintain adequate segregation of duties, provide OSR support, ensure adequate workflows set up in line with approved Delegation of Authority (DOA).- Prepare annual & quarterly control & audit results and presenting the same to senior management.- Business Integrity and Compliance executions: o Manage Business Integrity and Compliance agenda in the region by providing training, first level guidance of internal compliance policies and statutory regulations. o Fraud investigation and coordinating with Legal Counsel and Regional Compliance Officer; finalizing investigation reports for relevant management actions.

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  Ernst & Young

  • Assisstant Team Leader, Business Risk Services

    • Jul 2007 - Jul 2008

    Plan risk advisory assignment (internal audit), for various organization in real estate, oil and gas that includes development of audit strategy, meeting with process owners, understand the process, identify risks involved, assess impact and likelihood, of risks, recognize controls placed to mitigate these risks.Conduct management (internal) audit of banks which includes: - Operations: Verify compliance of management policies, depository & records, ATM records and periodic cash counting. - Income leakage: Review rates applied its calculation and approvals in line with GAAP, regulations and bank policies. - Bank Finance: Verify and review credit facilities sanction and disbursement documentations such as project reports, feasibility reports, search reports of the companies and their approvals.

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  BDO Bahrain

  • Audit Senior

    • Jun 2005 - May 2007

    Execute statutory audit of companies/groups engaged in manufacturing, construction, real estate, telecommunication, retail, trading and hotelsPresent opinion on the financial position of the company/group. Prepare financial statement including consolidated financial statement, audit report and internal control weakness report in accordance with International Financial Reporting Standards (IFRS) and International Auditing Standards (ISA). Independently handle advisory services for mutual fund: •Establishment: Liaise with regulatory authorities like Central Bank of Bahrain (CBB), various service providers like auditors, fund managers, registrars, etc and prepare Private Placement Memorandum.•Administration, accounts and audit: Maintain books of accounts, calculate and submit monthly Net Asset Value (NAV) to the registrars, authorise payments for expense, co-ordinate with the auditors and CBB for timely compliance of statutory requirements like quarterly filling of statements, hold Annual General Meeting, etc.•Liquidation: Seek regulatory authority’s approval, hold extraordinary general meeting to appoint official liquidator, act as an official liquidator that includes call and settle outstanding dues, distribute balance funds to equity holders and prepare and submit statement of affairs to regulatory authorities. Perform special assignments such as due diligence, review and report on corporate structure, private placement memorandum and financial modelling. Supervise and review the work performed by assistants.

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  V I Patel & Co.

  • Ahmedabad, Gujarat, India

  • Audit Executive

    • May 2004 - May 2005
    • Ahmedabad, Gujarat, India

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  Chandabhoy & Jassoobhoy - India

  • Ahmedabad, Gujarat, India

  • Audit Executive

    • May 2003 - May 2004
    • Ahmedabad, Gujarat, India

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  Bharat H Shah

  • Audit Trainee

    • Feb 2000 - Feb 2003