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Manager Internal Audit

New Delhi, Delhi, India
28 Lacs
October 20, 2018

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Career Objective

To work in a fast paced, challenging & dynamic environment where deadlines are a priority and where my professional talent & skills are effectively utilized.

Demonstrate loyalty, commitment to excellence, solid work ethic and contribute in organization’s success and over-all growth.

Professional Qualification

Chartered Accountant

CA Final Nov 2005 61%

CA – PE-II Nov 2003 54%

CA – Foundation May 2002 55.75%

Educational Qualification

B.Com (Pass) University of Delhi 2004 58%

Class XII CBSE New Delhi 2001 68%

Computer Literacy

Knowledge of Accounting Software Tally, Oracle, Navision (ERP Package), ACL & SAP.

Internet Surfing.

Excellent proficiency & workability over MS office (Power point presentation, Word & Excel) & proficient in using the tool to attain the desire results.

Short duration course on MS-Dos, Windows, MS-Word (Word, Excel Power Point) & was awarded ‘A’ grade with 94 % marks.

Hands on experience in SAP ECC 6.0 Ehp5, MM (Materials Management), QM (Quality Management) & FI (Finance) Modules.

SAP – MM & QM Process Experience

Hands on experience in SAP ECC 6.0 Ehp5, Materials Management Module as mentioned below:-

Procurement Process-- Purchase requisitions, Purchase orders, Requests for quotations, Procurement for stock, procurement for direct consumption, Subcontracting, External service management.

Master Data-- Material master, Vendor master, purchasing info records,

Purchasing Optimization-- Contracts, Scheduling agreements, Document release procedure, purchasing document configuration.

Inventory Management-- Goods receipts, Goods issues, Stock transfers, Reservations, Physical inventory.

Valuation -- Material valuation, Price control.

Logistics Invoice Verification – Invoices, Credit memos, Automatic settlement, Invoice verification, Adjustments, Freight invoices.

Configuration of the Enterprise Structure & Purchasing

Quality Management : Configuration Setting at Procurement, Production and Sales Process (i.e. Quality Inspection, MIC Setting, Inspection Plan, Inspection Controls, Usage Decision, Catalogs settings, Certificate processing, Notification etc).

Work Experience

Work Experience

Work Experience

Work Experience

I). Currently Working as General Manager with Eastman Auto & Power Ltd. (EAPL) - Risk, Internal Audit, Financial Reporting, Secretarial, Trademark and Legal Head.

Working since 13th Oct 2015

Company Turnover: More than 700cr.

Nature of Business: Manufacturing & Export of superior and complete range of batteries of all segments (Tall Tubular, Tublar Gel, Automotive, Inverter, Solar power batteries & Motorcycle components)

Role :

A.Performing & Supervising Internal Audit Function.

B.Supervised Business Transformation and Automation Projects (ERP)

C.Supervising Legal Function, Insurance, Taxation, Consolidation and Secretarial Function.

D.Capital Deployment Review based on exception reports of divisions across India location.

E.Ensure Insurance Coverage across EAPL.

F.Risk Assessment – At Corporate & Divisional Level. Drive the Enterprise Risk Management (ERM) agenda of the company to minimize exposure & maximize opportunities.

G.Drive the good governance process by implementing the key Policy, Procedure and Standard Operating Procedure.

H.Monthly review of exceptional reports and identifies the Risk Exposures.

I.Financial Reporting & Controlling, Responsible for Monthly closing

J.Reward & Recognition Team

K.Initiative towards Cost Reduction by implementing Best Practices.

L.Controlling Employee Stock Option Scheme (ESOP)

M.Trademark at Global level


A.Supervising Internal Audit, Project Audit & Business Transformation Function.

B.Performing Pre- Audits (Transactions) and Post Audit (Process Audit)

C.Prepared Annual Internal Audit Calendar and ensure its adherence.

D.Internal Audit Function based on Co-sourcing Model.

E.Conduct Internal Audits, Implementation of Key Controls. Undertake internal audit assignments that are critical for fraud detection and risk minimization through mitigation plans.

F.Internal Audit scope includes internal audit of Warranty /Claims Settlement Process, Inventory Managements, Consumption review based on BOM & Actual, Financial Controls, Human resources compliance including development of new origination structure, Schemes & Discounts audits, Merchant Trading transactions, FEMA & RBI Compliances, Scrap Recording & Inventory Movements starting from plant to customers via warehouse locations. Scrap Reconciliations for Defective Batteries at various locations. Batteries Categories include Invertors Batteries, Tall Tubular, Short Tubular/ Solar. Periodic Physical Verification of Inventory.

G.Financial Impact (i.e. Dal Dal Reports) and Identification of Key Corrective Actions, Audit of Working Capital Deployment based on Dal Dal Reports (Target Sign off on corrective actions and its monthly follow-ups)

H.Post review of treasury function, proposed changes in bank authorized signatories. (activity repeats on half yearly basis)

I.Developed risk management framework for identification, management and minimization of risks

J.Preparation & repository of all EAPL Process, Policies, Standard Operating Procedure, Delegation of Authority Matrix etc. and ensure its implementations through internal audit. Drafted and Implemented Operational, Financial & Compliance Policies at group level.

K.Plant (1), Service Centres, Warehouse (38) and EAPL Divisions (7) come under the ambit of Internal Audit Function.

L.Supervising Business Transformation & Automation project of EAPL group. Automation-Transformation Projects include successful implementation of following:

a) Tally Customization at advance level.

b) Fixed Assets Management Software based (CARO Compliance & whereabouts of assets).

c) Warranty Software Advanced Customization with respect to recording of MRN, Battery Claim Form, Testing Procedures, Generation of Exception and Strategic Reports etc.

d) Mobile App for Sales Force Team includes Stocking Details, Attendance Recording, GEO Tagging for customer visits etc.

M.Current Risk & Audit areas includes the following (for FY 2017-18)

a). Warranty Service Audit:

b). Insurance Audit

c). Reimbursement Audit

d). Payroll Audit

e). Dal Dal Validations (Long pending/ outstanding financial impacts)

f). Vendor Empanelment & Customer Appointment Review

g). Statutory Compliances

h). Capex Approval Process

i). Fixed Asset Verification

j). Inventory Verifications

k). Manufacturing Process (include plant and charging locations)

l). Plant financial, Accounting & Operational Process

m). Procurement to Payment

n). Sales and Marketing Process

o). Treasury function

N.All Statutory Compliances at Group Level including EHS Audit (Environmental, Health & Safety)

O.Successful issuance of ESOP Scheme two times.

P.Controlling Trademark across world related to EAPL (More than 250 Trademark of EAPL)

II). Caparo Engineering India Ltd. Caparo India Operations joined as Manager Internal Audit in June 2008 and promoted as Sr. Manager on April 2011.Worked with Caparo Corporate Services –at Gurgaon in the Internal Audit Department as “Sr. Manager- Internal Audit.” Handling internal audits of CML, CEIL, CIL, CPL, CMI, CIC, CVP, CAT, Caparo Bio &Caparo Renewable Ltd.

Roles & Responsibility.

A). Internal Audits

A.Preparation of Audit Programs/ Calendars

B.Conduct Internal Audit in allocated units as per defined scope & continuous

C.Continuous monitoring on the closure of audit observations

D.Responsible for managing and handling the whole gamut of activities ranging from audit of finance & accounts functions, HR, Production, Statutory compliance etc.

E.Scope of internal audit includes Statutory Compliances, Procurement to Payment, Follow-up, Reconciliation & Confirmation for long outstanding, Price fixation process, Sales & Revenue recognition, Cost records, Inventory management, Verification of Material Reconciliation, Fixed Assets, Loans, Advances, Expenses, Procurement of Labour, Labour Contractor Compliances, Bank Reconciliations, Vendor Management, HR, Scrap Disposal Process, Rejection Analysis (normal vs. abnormal) and Repossessing of Goods.

F.Supervise the Internal Audit Reviews done by the other consultancy firms for allocated units.

G.Development of risk management framework for identification, management and minimization of risks.

B). Process/ Policies/ DOA – Preparations & Facilitate in Implementation

A.Understand the Process/ Activities & Identify the control gaps.

B.Establishment of robust controls in business operations & reporting across the organization

C.Understand the process/ activities to draft the process/ policies/ procedures of defined activity and establishment of detailed process to ensure compliance to accounting policies / procedures and financial reporting.

D.Spreading efforts across providing comprehensive and effective business analysis through audits to the business group heads and the management for formulating their future business strategies.

E.Help in development & implementation of SOPs.

F.Prepared and implemented the uniform Delegation of Authority for approval of financial transactions across business units / locations.

C). SAP implementation & Audits

A.Facilitate in SAP Implementation.

B.Worked as cross functional team for implementation of SAP (Understand the need & requirement of process owners and validate the requirement).

C.Audits in SAP environment,

D.Doing System Audit by generating various reports from SAP & highlight the system constraint and control gaps with respect to missing application & general controls

E.Hands on experience of SAP ECC 6.0 of FI/ CO, MM, QM, SD & PP Modules. Detailed work experience on business process flows / Functionality available for inbuilt controls in SAP.

D). Other Reviews

A.Due Diligence Review

B.Debtors review related to reconciliation, follow-up for old outstanding.

C.Special audit assignments as directed by Senior Management.

D.Validation of Financial Control Compliance Statements (FCCS).

E.Prepared & implemented the ‘Control Checklist’ for certification of financial compliances. Reporting of non compliance/ critical issues as stated in control checklist to senior management for prompt action.

III).PriceWaterhouseCoopers Private Limited, Gurgaon (PWC) As an Associate in Internal Audit Division. (Period Sep 2007 to May 2008)

A). Bharti Carriers Okhla Phase –III – “AS is Process” for CSD (For Data &Voice Process)

A.Preparation of Risk Control Matrix for all the processes of SMG Group (both Voice & Data). RCM includes identification of process and control gaps as per COSO framework.

B.Preparation of Flow charts relating to ‘As is Process Review ‘for all the processes of SMG Group of Bharti Carriers.

C.Preparation of report on the basis of control gaps & best practices should be followed by the Group.

B). Stock Count of M/s Benetton

C).Bharti Airtel Service Limited – FRC Audit (Financial Reporting Control)

A.Independently handled complete Internal Audit of FRC.

B.FRC Audit includes the compliances of all the financial controls of Organization &reports the non compliances.

D).Bharti Airtel Service Limited – Payroll Audit (Related to S, SM & M Band)

A.Complete Payroll audit of all the employees deputed at different circles but on the payroll of Bharti Airtel Service Limited (BASL).

B.Complete investigation of payroll amount processed, paid to employees of BASL and mode of payment.

C.Verification of dummy employees or excess payments made by the company.

E).Cash Count of Wilson Sandhu Logistics

A.Physical Verification of Cash

B.Certification for physical cash vs. cash as per books.

IV). J.C. BHALLA & CO (CONTROL SOLUTION AS TEAM LEADER, In Internal Audit Function (Period From July 2006 to September 2007.

A). Punjlloyd (Clause 49 for internal controls review) (12 Areas as given below). Conducted Review of “Clause 49”

A.Check compliance of Clause 49.

B.Review the Internal Control of the company & give a report on the efficiency & effectiveness of the internal control of the company.

C.Area for compliance of internal control includes12 functional areas relating to Investment, Fixed Assets, Loan Fund, Opex (Operating Expenses), Financial Expenses, Material cost of goods sold in Procurement Deptt., Vendor Audit, Personnel Expenses,Administrative Expenses, Revenue, Receivables and Contract Work in progress,Current Liabilities & Provisions, Current Assets (Cash & Bank, Loan & Advances) etc.

B). Vendor Payment Review& Vendor Reconciliation for Punjlloyd

C). Bharti (Airtel) Long Distance Services ( Telecom Sector)

A.Special assignment of Telecom Co. relating to Analysis of IUC/ ADC Charges paid to BSNL. Complete review of IUC / ADC Provision vs. Payment. Review includes

B.Analysis of payment and provision ledgers.

C.Analysis of payment of ADC charges paid to BSNL and analysis of payment of IUC charges paid to BSNL.

D.Analysis of provision made against ADC and IUC payments.

E.Ageing reports of excess provisioning /excess payment.

F.Circle wise Analysis, Provisioning, Payments and Circle wise excess payments/ excess provisioning.

G.Analysis of data on the basis of operators like Tata Teleservices, Hutch, Essar, Idea, Airtel, MTNL, Reliance etc.

H.Analysis of MAPA Entries in the ledgers.

I.Analysis of writing off of provision

J.Identified double payment

K.Analysis of excess payment with regard to provision made.

L.Analysis of cases pending in TRAI

M.Collection of data at collection switch or on distribution switch.

D). DLF Corporate Division (Construction Co.)

A.Pre Audit (audit before occurrence of transaction):

Role & Responsibility Supervise the team of audit function, check the compliance of standard policies & procedures, identification & reporting of control gaps/non compliance on monthly basis to senior management.

B.Post Audit : Treasury/ Brokerage/ Account payables / Bank reconciliation/ Statutory compliance/ Ledger Scrutiny

V). M/S BAHL & COMPANY: AS Team Leader

A). Conducted Internal Audit of:

A.West side (4 Branches) --Garments Showrooms.

Scope of audit Physical Stock, Tailoring Audit, HR Audit (attendance& Payroll), Allowances (including washing allowances), Security Contracts, Fixed Assets, Special Schemes (Tata Discount & other Discounts/Schemes), Cash & Bank.

B.Onida (2 Branches) -- Manufacturing Co.

Scope of Audit of Mirc Electronics Limited Marketing Schemes (Branch & HO), Sales, Sales Return, Debtors, Collection, Physical Stocks, Bank Reconciliations, Sales Tax, Cash & Bank and Fixed Assets.

B). Statutory Audit of:

A.Rage (Pharmaceutical Co.)

B.Monet Marketing (Marketing Co.)

C.Monet Production (Manufacturing Co.)

D.Radiant (Recycling Co.)

E.Tour & Travel Agency


A). Bank Of Baroda :Conducted Audit of four branches of Bank of Baroda including Audit of Regional Training Center, Delhi.

B). SAN International: Conducted Statutory Audit related to Export Garments (SAN International).

C). Done Assessments of Income tax of Individuals, Firms& Companies.

Articleship Training

VimalTanejaMallick& Associates from 1st August 2002 to 31st January 2003

Vinodkumarsharma& Associate from 1st February 2003 to 31st July 2005

Roles & Responsibility :

Preparation of financial statements along with cash flow statements.

Finalization of accounts. GL scrutiny & vouching.SS

Preparation of TDS certificates and other statutory challans& forms

Preparation of partnership deeds, dissolution deeds, affidavits, etc.

Preparation of statutory taxation reports of companies, individuals.

Computation of Income Tax & preparation of Tax Audit Reports

Internal Audits & Management Information System Report.

Filling up of questionnaires provided by the Internal Control Department

Statutory Audit

Stock Verification & Reconciliation

Scrutiny Cases etc.

Area of Exposure - Internal Audit (Process Audit, Risk Control Matrix, Root Cause Analysis), MIS reporting, Budget Calculations & Analysis of Budget with actual, Preparation of Cash flow Statements, Filling up of questionnaires provided by the Internal Control Department., Stock Verification, Preparation of MIS of companies, Computation of Income Tax, Preparation of Audit Report, Statutory Audit, Tax Audit, Scrutiny Cases etc.

certificates awarded

Certificate of Excellence in ‘Art Competition’.

Certificate of Social Service and Medal by Helpage India. & was awarded First Prize.

Actively participated in various painting competitions & awarded certificates.

Certificate of Course on General Management and Communication Skills by ICAI.

Certificate of SOX Compliance & Crime Pays by PWC.

Certificate of Risk Management and Corporate Governance (by Achromic Point)

Awarded Certificate of Best Executive of the year for Performance, Dedication & Commitment for Year 2013-14 by Caparo Engg India Ltd in the first time of Caparo History.

Interest & Hobbies

Traveling, Painting, Badminton and listening music

Languages known

English & Hindi (Read, write and speak)


Special Strengths

Self-motivator, keen learner, accept responsibilities &challenges

Recognize the value of work and timeframe.

Sustain high pressure and meet deadlines

Work hard with devotion, dedication and without any grudge

Nourish the long-term relationship.

Ambitious, hardworking & committed to excellence.

Good team Leader Skilled at multitasking activities.

Personal Details

Date of Birth: 31st May 1984

Father’s name: Mr. C K Lilaramani

Marital status: Single

Date: October, 2018

Place: New Delhi (Vaishali Lilaramani)

Contact this candidate