Ankit Kumar
Audit & Risk Management
Gurgaon,HR
Summary
Strong leader and analytical problem-solver dedicated to streamlining operations to decrease costs and promote organizational efficiency. Uses independent decision-making skills and sound judgment to positively impact company success.
Overview
9
9
years of professional experience
1
1
Certification
5
5
years of post-secondary education
Work History
Manager
Musashi Auto Parts
12.2023 - Current
- Risk Management: Implementing a comprehensive risk management framework covering all business units and geographical regions in India & Africa. Conducting regular risk assessments and developed mitigation strategies that proactively addressed emerging risks. Collaborating with regional teams or stakeholders to ensure consistent application of risk management policies and practices at organization level.
- Policy Creator: Drafted comprehensive organizational policies aligned with strategic goals and regulations, collaborating across departments for diverse operational needs.
- MIS Reportings: Overseeing & ensuring completeness of reporting done to senior management across functions based on defined frequencies. Presenting comprehensive risk management reports to the Board of Directors, highlighting key risks and mitigation strategies.
Senior Internal Auditor (Audit & Risk)
Flextronics
01.2022 - 12.2023
- Enhancing operational efficiency via strategic process reengineering informed by internal audit findings. Spearheaded several automation initiatives for outlier detection and conducted training for over 10 team members on topics including historical financial failures, ESG considerations from an auditor's perspective, and statistical methods for outlier detection.
- Maintained robust senior stakeholder relationships and fostered team collaboration with global members, ensuring a positive customer experience and consistently high client feedback across all audits.
- Conducted audits for diverse global processes including Corporate Treasury, Global Travel Expenses, Brokers & Distributors review, E&O Sales to 3rd Parties, and SOX testing across sites in Mexico, Poland, USA, India, Malaysia, Romania, and others.
Assistant Manager (Audit & Risk)
Aviva Life Insurance
01.2021 - 01.2022
- Conducted audits across various areas as per the annual audit schedule, including AML, Procurement, Policy Servicing, Underwriting, Claims, Investments, and Agent onboarding & compliance. Utilized data analytics and basic statistical methods to verify data completeness and accuracy.
- Identifying risks, evaluating their significance, reviewing existing controls to mitigate them, and providing recommendations to management in cases where controls are absent, ineffective, or where deficiencies have been overlooked by the 1st and 2nd lines of defense.
Audit Executive – Advisory
S.S. Kothari Mehta & Co.
06.2019 - 01.2021
- Managed numerous internal audit projects, including IFC testing, concurrently across India, with a team of 8 professionals.
- Developed strong partnerships with clients through proactive communication, mutual trust, and understanding their specific needs.
- Ensured timely completion of all assigned engagements while maintaining high-quality deliverables throughout the process.
Articleship Trainee
S.S. Kothari Mehta & Co
09.2015 - 09.2018
Skills
SAP
Sectorcoverage
Original Equipment Manufacturer (OEM), BFSI (Insurance & PSB), Manufacturing (Automobile, Cement, Consumer Appliances, Textile, Medical Equipments), Services (Logistic, Container Freight Station, Renewable energy etc.)
Noteworthyaccomplishment
- Quarterly (consecutive for three quarters) and annual awards for outstanding performance at Flex. .
Languages
English
Bilingual or Proficient (C2)
Software
SAP
Advance Excel
Power BI
Certification
Chartered Accountant
Interests
Travelling
Meditation
Reading
Accomplishments
- Worked with a team of six to develop a program capable of monitoring inventory purchase price changes exceeding 25% for inventories valued around US $6 billion, aimed at supporting the global audit team.
- Achieved outlier detection for revenue recognition using cut-off dates, shipment notes, proof of delivery (PODs), and points of delivery (PODs) for an entity with a turnover of approximately US $30 billion.
- Identified significant gaps in the process of selling components to third parties (approximately US$ 352 million), potentially exposing the organization to substantial legal costs. This issue was communicated globally to all sites via the finance newsletter & many more.
Education
Chartered Accountant - Financial Management, Accountancy, Tax Laws, Audit & Assurance Etc.
Institute of Chartered Accountant of India
New Delhi 2013 - 2018
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Hobbies
Exploring the world is my second job, funded by my savings, as I eagerly absorb diverse cultures and expand my horizons.
Timeline
Manager
Musashi Auto Parts
12.2023 - Current
Senior Internal Auditor (Audit & Risk)
Flextronics
01.2022 - 12.2023
Assistant Manager (Audit & Risk)
Aviva Life Insurance
01.2021 - 01.2022
Audit Executive – Advisory
S.S. Kothari Mehta & Co.
06.2019 - 01.2021
Articleship Trainee
S.S. Kothari Mehta & Co
09.2015 - 09.2018
Chartered Accountant - Financial Management, Accountancy, Tax Laws, Audit & Assurance Etc.
Institute of Chartered Accountant of India
2013 - 2018
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