Ankit Bhatnagar
Lusaka
Summary
Over 15+ years of experience in Managing Company’s operations, Internal Audit, Risk Management, Finance Controller of different manufacturing industries in India and Africa. Currently overseeing Zambia operations Internal Audit, Risk Management, Business Controls with efficiency, effectiveness, operational oversight, team leadership, optimization, strategic planning. Providing independent assurance on the adequacy and effectiveness of risk management and operational/ Financial controls. Experience in setting up Internal Audit Function. Experience of setting the Internal Audit policies and framework in alignment with business and strategic goals. Proven expertise in conducting Business Risks Assessment of business and suggesting mitigation controls to Management and Board of Directors. Expertise in identifying the potential cost saving areas. Expertise in Drafting Policies & Procedures of various processes and implementing it to have a robust internal control environment. Experience in implementation ERP in organizations (SAP/ Focus9). Experience in setting up new businesses and managing Capital Expenditure. Experience of handling Working capital, secured Trade Finance facility of 60 MN USD with banks. Treasury and Forex handling. Bulk/ Petty Cash Management. Handling of BOE’s (Like LC, Availsed Bills, Post Import Finance, Invoice discounting etc.) Provide regular update and reports to Audit and Risk Committee about the audit plan, emerging risks, audit actions and compliance level within the organization. Sound knowledge of various Business and Labor laws.
Overview
16
16
years of professional experience
Work History
General Manager
ETG PARROGATE FZC
08.2022 - Current
- Overseeing Internal Audit operations of Zambia Business (5 Factory locations).
- Conducting Business Risk Assessment of Businesses.
- Plan the audits, define audit objectives and prepare the scope of audits. Conduct review, supervise the team and finalise the audit reports on time.
- Oversee audits of financial reporting processes, treasury operations, and procurement.
- Implemented “INTERNAL CONTROL REFERENCE FRAMEWORK” for each business process, to help process owners to follow basic internal controls in daily operations.
- Developed Audit checklist for continuous control monitoring and improvements.
- Review adherence to environmental, health, and safety (EHS) standards.
- Assuring correct & timely compliances to all statutory requirements as per law of land.
- Review & evaluate the adequacy of controls in new system implementation, projects or newly set up business units.
- Design and implement an audit compliance /action tracking mechanism across the Group for mitigating identified risks in the audit reports.
- Provide update to Board and Senior management about the open audit actions.
- Conducted Risk Management of Business operations and new business ventures.
Manager- Internal Audit, Risks & Legal
Golden Africa Kenya Limited & East Africa Terminals Limited- Part of HSA Group
04.2014 - 06.2022
- Responsible for setting up the Internal Audit Department. Responsible for preparing various policies & procedures across various functions and responsible for implementation to have a robust internal control environment.
- Works to establish accountability, transparency, and a culture of continuous improvement in operations and service delivery.
- Strong leadership skills with experience working in a team environment, able to collaborate with individuals from diverse backgrounds.
- Prepare the regional budget and evaluate the effectiveness of it through the monthly comparison between the budgeted and the actual expenditures.
- Identify areas of Cost/ revenue leakages and suggesting potential areas of Cost Savings to management.
- Evaluation of Capital Expenditure proposal of existing business and for new business line.
- Managing Working Capital, Trade Finance line effectively.
- Treasury and Forex handling.
- Handling of BOE’s (Like LC, Availsed Bills, Post Import Finance, Invoice discounting etc.)
- Performing the Risk Assessment for the Companies (Operational/ Strategic/ Financial/ Legal/ Fraud etc.) putting mitigating controls in place; monitoring the risks and presenting to Board of Directors.
Manager- Internal Audit
Saint-Gobain
04.2011 - 03.2014
- Prepare & implement the Internal Audit plan of the organization.
- Ensure compliance of Group Internal Audit Charter, Group Internal Control Reference Framework (ICRF).
- Conducts and supervises audit assignments in line with the Internal Audit plan and within the budgeted time and cost.
- Discuss audit findings and recommendations with line managers and report significant issues to senior management.
- Monitoring of timely implementation of the management actions recommended in the audit reports and providing monthly updates to management.
Executive
ENERCON INDIA LIMITED
11.2009 - 03.2011
- Helped the Head of Internal Audit in setting up the Internal Audit Department.
- Preparing & Updating of Audit Programs.
- Updating & Reviewing SOP’s.
- Conducts and supervises audit assignments in line with the Internal Audit plan and within the budgeted time and cost.
- Discuss audit findings and recommendations with line managers and report significant issues to senior management.
- Monitoring of timely implementation of the management actions recommended in the audit reports and providing monthly updates to management.
Education
Chartered Accountancy -
06.2009
Post Graduate Diploma - Business Administration, Finance
Symbiosis University Pune
Pune, India01.2008
Bachelor of Commerce - undefined
01.2005
Skills
- Working Knowledge of SAP (S4 Hana)/ Focus 9
- Working knowledge of MS Office
- Working knowledge of Audit tool IDEA
Accomplishments
- Promoted as Manager- Internal Audit within 6 months of Joining GAKL.
- Promoted as Audit Manager from Audit Executive within 2 years.
- Won Gold Medal during the Internal Audit & Business Control Conference at Edinburgh, Scotland.
- Received scholarship from Bank of Baroda for continuous three years.
Personal Details
Languages Known- English & Hindi
Timeline
General Manager
ETG PARROGATE FZC
08.2022 - Current
Manager- Internal Audit, Risks & Legal
Golden Africa Kenya Limited & East Africa Terminals Limited- Part of HSA Group
04.2014 - 06.2022
Manager- Internal Audit
Saint-Gobain
04.2011 - 03.2014
Executive
ENERCON INDIA LIMITED
11.2009 - 03.2011
Post Graduate Diploma - Business Administration, Finance
Symbiosis University Pune
Bachelor of Commerce - undefined
Chartered Accountancy -
Core Competencies
- Identify areas of Cost/ revenue leakages, resulting in Cost Saving to organisation.
- Reduced/ eliminated shortages of Inventory (RM/ PM/ FG) by implementing policies, procedures, establishing process controls (like periodic reconciliations).
- Increase in per day Dispatches of FG by building efficiency, effectiveness, resources optimization and strategic planning.
- Improvement in Supply Chain Management of the businesses by conducting Business Risk Assessment and process audits.
- Cost Management- Consistent track record of meeting budget and operational goals.
- Reduced labour costs conducting Labor Audits, process automation and Contract Negotiation.
- Reduced Diesel cost of Company vehicles by implementing Fleet Management system (For FG deliveries trucks/ Oil Tankers).
- Made improvements in MIS reports and standardisation of reports across all locations to bring more transparency to Board of Directors.
- Evaluation of Capital Expenditure proposal.
- Working Capital Management.Treasury and Forex handling. Handling of BOE’s (Like LC, Availsed Bills, Post Import Finance, Invoice discounting etc.)
- Risk Management.
- ERP Knowledge.
Articleship with Chartered Accountant’s Firms
- M/S Agarwal Bhargava and Associates (Nov’ 07- Jan’ 09)
- M/S P.Tandon and Company (Feb’06 - Oct’ 07)