Audit/Internaql Control manager

RAJIB CHAKRAVARTY, CA

**** ********* ****

Bloomfield Hills, MI 48302

Phone No: 248-***-****, 248-***-**** (cell)

GOALS/OBJECTIVES

Director of Audit, Internal Control and Compliance

SUMMARY OF EXPERIENCE

Over thirty years experience in financial operations at various international corporations. Extensive working experience in treasury functions, financial, tax, custom regulations, investment accounting, internal audit, project control and budgeting.

LANGUAGE SKILLS: English, Bengali, Hindi

PROFESSIONAL EXPERIENCE

DELPHI CORPORATION, (Global Audit Manager)

Responsible for balance sheet audit for the corporation, other operating divisions, instituting Delphi controls with Genpact (Business Process Owner). Overseeing transition of Accenture activities to Genpact, assisting and providing to the SOX Core team in validation process, integration of SOX 404 Program into Internal Audit Services.

DELPHI POWERTRAIN SYSTEMS and DELPHI AUTOMOTIVE SYSTEMS , (Global Internal Control Manager)

Responsible for making written recommendations to Senior Management regarding the control surrounding financial and accounting policies, corporate policies and procedures, custom and tax regulations, environmental and other operational matters for plant sites, technical centers, subsidiaries and joint ventures based in Europe, Asia Pacific, South America, Africa, Brazil and Mexico. On matters of high significance, responsibility is to recommend solutions to enable management team to make sound decisions based on the following alternatives:

- Improve existing controls through increased supervision and audits;

- Institute alternative or compensating controls; and/or

- Accept the risk inherent with the control weaknesses

Conducted audit assignments in the US and Mexico at various plants, assembly facilities, and marketing divisions.

Some distinct achievements include:

- Cost saving recommendation totaling $1.5 million at worldwide Purchasing and $8.7 million in various Delphi Purchasing Units.

- Conducted first time audit of Custom activities at Delphi Mexico and suggested various control measures to improve operations.

- Evaluated business risks and systems of internal control.

- Prepared and presented audit findings in the form of interim letters and evaluated the replies.

- Prepared and presented reports to senior management.

AETNA LIFE INSURANCE COMPANY OF CANADA, (Chief Accountant, Investment Division)

- Organized and implemented the turnaround of the Department to re-establish timely, accurate and efficient processing; reduced headcount by 10% and overtime by 30%.

- Directed the development and implementation of PC based reporting, analysis and planning systems resulting in significantly improved turnaround times and testing capabilities.

- Actively involved in preparing Board of Directors reports, tax information, and annual reports for the Superintendent of Financial Institutions.

- Established communication between the Insurance Division, Corporate Finance and Investments to improve investment income analysis and the annual business plan.

- Provided input, including specifications and defining controls to the implementation of new system with relation to management information.

BANK OF MONTREAL, CANADA, (Operational Auditor)

- Developed annual Financial Audit Plan.

- Coordinated year-end audit assistance with external auditors.

- Assessed the adequacy, efficiency, effectiveness and economy of financial and computer systems supporting corporate accounting, corporate management and reporting, taxation and human resources and other divisions of the bank.

Assistant Controller - Leasing Division

- Involved in preparing management reporting systems for the bank and rationalized the financial statement production process.

- Developed divisional reporting for Board of Directors.

INDUSTRIAL DEVELOPMENT CORPORATION, ZAMBIA, (Chief Accountant)

-Liaison with National Commercial Bank Ltd. and Barclays Bank of Zambia Ltd., Treasury operations.

-Review of financial statements of the group companies, management reports and interpretation of financial results.

-Reviewed Group Company's budget, corporate taxes and state tax returns.

-Liaison with external auditors and compliance with statutory requirements.

-Participated in quarterly Board of Directors meetings.

-Supervised Accounting Department which consisted of six professional accountants and sixty-four other finance staff members.

VOLTAS LIMITED, INDIA, (Operational Auditor)

-Performed operational audits and special assignments to locate areas of cost control.

-Performed special studies of the various activities of the company to monitor the operational efficiency, adequacy of the accounting systems

and procedures in order to suggest ways and means of improving profitability and to introduce financial controls.

MALLIK & ASSOCIATES (CHARTERED ACCOUNTANTS), INDIA, (Partner)

-Provided full range of audit, accounting and tax services for a variety of clients including manufacturing, retail and financial and government organizations.

EDUCATION

Bachelor of Commerce (Honours)

Chartered Accountant (CA)

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