Financial Manager

Executive Profile

A result-oriented professional with nearly 12 years of experience in diverse industries like Oil & Gas, Cement, Luggage, Textile, Trading, Infrastructure, Education, Telecom, Chemicals, Pharmaceuticals, FMCG, Media, EPC, Engineering, Banking, Real Estate, NBFC and so on

Expertise in providing insights on the overall controls and compliance to various stakeholders for the unit

Performed internal audits at Plants, Corporate Office, Distributors, Depots, Branches, Marketing Offices, Shops and so on

Attended and presented Audit Committee Meeting (ACM) presentations to MD/ CFO/ Head of Internal Audits and provided valuable insights

Excellence in performing audit testing as per SOX 404 requirements (documentation, testing and sample size)

Built strong network with Internal Auditors, External Auditors, Stakeholders, CFOs, Control Owners, Process Owners, Corporate Financial Control (CFC) and Regional Heads

Augmented efficiency & effectiveness of internal controls and suggested innovative ideas to reduce cost, mitigate revenue leakages and detect frauds

Participated in Financial Control and Compliance Review

Hands-on experience in Financial Control & Compliance, Governance Risk Management & Compliance (GRC), Designing and Implementation of Internal Controls

Reviewed and drafted Standard Operating Procedures (SOPs) and ensured compliance

Education

B.Com. from Mumbai University in 2004

Chartered Accountant (CA) from ICAI in 2007

IT Skills

SAP, Tally, Microsoft Office (Excel, Word, PowerPoint & Visio) & Oracle

Core Competencies

Soft Skills

Career Timeline

Organizational Experience

Jan’18 – Jan’20 with Novartis, Mumbai as Financial Control and Compliance Specialist

Aug’14 – Jan’18 with RSM, Mumbai as Senior Manager

Oct’13 – Jul’14 with Ernst & Young, Mumbai as Senior Consultant

Jun’11 – Oct’13 with Deloitte, Mumbai as Assistant Manager

Apr’08 – Jun’11 with Mazars, Mumbai as Senior Audit Executive

Key Result Areas:

Prepared internal audit reports and made recommendations for control and operational improvements to management

Implemented effective audit procedures, defined audit scope, audit objectives and audit requirements

Attended opening and closing meetings for audit engagements

Worked with clients to ensure audits were completed on time and demonstrated abilities in cementing healthy relationship with the client for generating business

Assisted audit partners in performance of complex and ad hoc audit assignments

Prepared risk and control matrix (RACM)

Supervised team of Chartered Accountants, Cost Accountant, Graduates and Interns for audit engagements

Validated internal controls and recommended procedures to streamline controls over various processes like CAPEX, Returnable Gate Pass, non-operative bank accounts, Fixed Deposit, Inventory Management, Receivables, Payables, Procurement, Indirect Taxes, Contracts, Fixed Assets, Assembly Work, Banking and Financial Charges, Bank Guarantees, HR & Payroll, Export-Import Charges, Insurance, Packing Materials, Commission Paid, Return on Investment Monitoring, Scrap Sales, Logistics Cost, Asset Utilization Levels, Asset Protection, Total Cost of Operations, Annual Rate Contracts etc.

Reviewed financial statements, general ledgers, account reconciliations, variance analysis, month end closure etc.

Discussed gaps, control deficiencies and associated risk with process owners and possible remediation for eliminating / reducing risk

Reviewed departmental goals are aligned with organizational objectives

Undertook process review of newly acquired manufacturing plants

Issued timely, transparent, quality and error free reports

Provided expertise in business development, system management, quality assurance, client satisfaction and customer focused solutions

Ensured timely closure of audits, billing to the clients, collection of overdue and acted as one point coordinate between client and firm for client relationship management

Performed half yearly internal audit mandated by security exchanges

Assisted in the training and coaching of junior team members

Created environment with strong financial controls and ensured accuracy of accounting

Support executive decision making and provided training to Control / Process Owners to enable them meet compliance requirements

Approved GRC Request as Segregation of Duties validator

Performed review of Business Critical Action and Segregation of Duties conflicts and undertook appropriate action

Managed internal audit with within time

Reviewed and analysed the entire functions of taxation which included availing of benefits, timely compliance, payment & returns for Income Tax, Sales Tax, Excise, TDS, GST other taxes

Reviewed the monthly analysis of accounts receivable & payable like ageing analysis, outstanding/ overdue position & account reconciliations, approval & audit of all daily supplier payment, purchases department payment and taxes payment

Facilitating collaborative efforts across multiple departments to ensure SOX compliance requirements are met within required deadlines

Driving the process, identifying related controls to address the risks, developing process flow maps, audit programs

Liaising with external/internal auditors, process owners and other key stakeholders on testing, projects, reporting metrics, status & other deliverables

Highlights for Novartis:

Single Point of Contact for Innovative Medicines Division for Financial Control and Compliance (FC&C) related aspects

Managed adherence to compliance with Novartis Financial Control Matrix (NFCM) for SoX 404 and ensured no open controls

Successfully executed Self-Assessment Online, Deep Dive into Field Force related processes and reviewed all custom transaction codes in GRC Risk Library; received 3 awards within 1 year

Performed the Financial Control & Compliance Review (FCCR) for Segregation of Duties and Business Critical Action; the finding of the review received recognition from Global Head FRA Ops FCC

Spearheaded the key projects like harmonising financial control matrix and implemented Yellow Belt projects for manpower reduction in FC&C Department

Highlights for RSM:

Acknowledged and selected as a member for “Leaders for Mega Focus & Internal Audit and Risk Advisory Services (IARAS) Group Initiatives” (2015-2016 and 2016-2017)”

Successfully analysed the peer review files and prepared documentation for ISO certification

Gained international exposure while visiting UAE for Audit Engagements

Delivered firm wide presentation on important value index points

Participated in campus interview for selection of candidates for internal audit

Managed various clients like Total Oil, Truebell Group, Ultratech Cements Limited (UTCL), VIP, AYMSL, WEL, JSW, Tata Class Edge, IRB, RailTel and Roha Dyechem

Managed team of 7-10 members including Chartered Accountants, Cost Accountant, Commerce Graduates Interns, and Engineers

Highlights for Ernst & Young:

Spearheaded a team of 5 members

Managed clients like Reliance Industries Limited and Bharat Serums

Highlights for Deloitte:

Secured back-to-back “Exceeds Expectation” rating

Acted as Member of Contract Risk Compliance Committee for Deloitte

Gained international exposure by visiting UK & South Africa for internal audit of US based client and UAE for audit assignment of EPC Company

Headed a team of 5 members for Oil & Gas sector

Managed various clients like Hindustan Unilever Limited (HUL), Inter Public Group (IPG), Vodafone, Bharat Oman Refineries Limited, Larsen & Toubro Limited, Nelco

Highlight for Mazars:

Managed various clients like American Express Bank, Forbes & Company Limited (FCL), Mahindra Lifespaces Developers Limited, India Infoline, Indus Tower

Performance driven professional with advanced problem-solving skills and proven ability to resolve complicated issues & situations; targeting senior level assignments in Financial Control & Compliance / Internal Audits with an organization of repute.

ASHISH NEGANDHI

CA

******.********@**********.*** +91-986*******

Financial Control & Compliance, GRC, SOX 404, SOPs

Internal Audits, Internal Controls, External Audit

Corporate Governance, Investigation

Business Process Review and Process Improvements

Contract Risk Compliance

Risk Management & Mitigation

Root Cause Analysis & Benchmarking

Cost Reduction and Arresting Revenue Leakages

Concurrent & Secretarial Audits

Internal Control over Financial Reporting

Communicator

Innovator

Key Skills

Analytical

Team Player

Oct’13 – Jul’14

Aug’14 – Jan’18

Jan’18 – Jan’20

Personal Details

Date of Birth: 17th June 1982

Languages Known: Hindi, English and Gujarati

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