AJITH NAGUBANDI
Hyderabad
Summary
Aiming for career enhancing assignments with a growth-oriented organization. Enthusiastic to work with a challenging and competitive organization and to make the best use of my Experience, Knowledge, and Interpersonal Skills in the success paths of the organization and continuous learning process for better enhancements of my personal abilities.
Overview
5
5
years of professional experience
Work History
Internal Auditor
Corteva Agriscience
03.2023 - Current
- Participated in the planning, execution and reporting of the assignment assigned in the Internal Audit
- Performing testing of controls related to various business processes including record to report, order to cash, purchase to pay
- Performing test of design and operation effectiveness of the control and providing the improvement opportunities
- Alignment of the Issues identified with the control owner and discussion on Root Cause, Remediation Plans and performing remediation testing
- Assessing the impact of failure and classifying the failure based on the impact
- Participated in the Sox planning and coordination with the statutory auditor on planning and execution of walkthrough and testing of the controls
- Performed testing of automated controls
- Worked on data analytics.
- Documented audit findings in formal reports presented to senior management team.
- Ensuring process compliance with company policies and procedures.
Price Waterhouse Chartered Accountants LLP
10.2021 - 03.2023
- Testing of Internal controls which includes manual, automated and IT dependent controls related to various business processes including record to report, order to cash, purchase to pay
- Performed walkthroughs with clients independently
- Identifying control weaknesses in design and operating effectiveness providing the recommendation to the management where risk is not mitigated
- Verifying whether the financial statements are prepared in accordance with applicable GAAP and the supporting documents related to notes to accounts to ensure whether the calculations are consistent with the disclosures made
- Testing of IT Automated controls in SAP by extraction of tables/reports and verifying with the system generated report, performed interface testing’s
- Identifying the control failure and discussing with management on root cause and remediation plans, evaluating the financial impact of the failure by considering the complimentary and compensating controls
- Verifying the IUC parameters used in the control
- Testing of IT General controls regarding user access, analyzing SOD conflicts, activity performed by the users and verifying the effectiveness of mitigating controls assigned
- Handled Sox 404 certification of various clients, Worked on both global and local clients
- Identified the controls which can be automated, automated the controls by working with the Bot development and performed UAT for the same
- Performing roll forward testing and Journal entries analysis and testing based on the risk criteria identified
- Guiding and reviewing the work of Junior team members and handling team management activities
- Handled the client status call regarding status of the controls and preparation of the dashboards and final deliverables.
Management Trainee
Genpact India Private Limited
04.2019 - 10.2021
- Testing of internal controls within the areas of SOX
- Responsible for reporting internal control issues to management and supplying comprehensive recommendations to mitigate the associated risks
- Handling month end, Quarter end and year end closings including responsibility for successful close of assigned entities
- Perform transaction processing, reviewing, and analyzing (Allocations, accruals, reclassification, and manual postings) and verifying applicable GAAP is followed
- Preparation and Review of Balance sheet reconciliations of covering all areas includes Prepayments, Accruals, Provisions, Fixed Assets, Banking, Intercompany, Inventory
- Worked in a Transition Project for Knowledge transfer on Balance sheet reconciliations and internal controls
- Responding to Audit queries, having participated in reporting progress of projects and other team related activities
- Having participated in Robotic Process Automation-Participated in Identification of activities which can be automated in the process, working with the Developer doing UAT and brought to live environment
- Followed up on the action plans and verified their implementation
- Conducting review meetings after month end close with the Finance Director on open items and on General ledger balances and finalizing any adjustments required.
Education
IGNOU (BCOMA&F)
06-2021
ICAI - Chartered Accountant
01-2019
Skills
- Working Knowledge of Microsoft Power BI, Word, Excel, PowerPoint
- Ample amount of work experience in SAP and tools like Trintech and Blackline
- Good analytics, type writing skills and quick adoption towards new techniques & tools
- An enthusiastic CA Professional competent with Teamwork and Leadership skills
Timeline
Internal Auditor
Corteva Agriscience
03.2023 - Current
Price Waterhouse Chartered Accountants LLP
10.2021 - 03.2023
Management Trainee
Genpact India Private Limited
04.2019 - 10.2021
IGNOU (BCOMA&F)
ICAI - Chartered Accountant