Chandra Sekhar Reddy Kareddy
Chennai
Summary
With 11 years of experience in internal audit, compliance, and MIS reporting, I have a proven ability to create thorough audit plans, programs, and reports. I excel at identifying areas for improvement within internal control systems and providing valuable recommendations. My skills include developing and maintaining process flowcharts, effectively communicating design deficiencies to process owners, and ensuring corrective actions are implemented. Furthermore, I am skilled at reviewing activity processes and updating them to align with the current flow.
Overview
11
11
years of professional experience
Work History
Komatsu India Pvt Limited
Deputy Manager - Internal Audit & Compliance
09.2016 - Current
- Audit Planning: Developed the annual audit plan and schedule, ensuring alignment with corporate timelines
- SOX Compliance Leadership: Planned and executed all phases of the SOX compliance process, including leading walkthrough and developing robust testing procedures
- Documentation Management: Oversaw updates to process documentation and control matrices, ensuring accuracy and compliance with established standards
- Quality Assurance: Reviewed SOX deliverables for adherence to documentation standards, ensuring high-quality outputs
- Stakeholder Collaboration: Cultivated strong relationships with process owners to drive internal control enhancements and facilitate effective communication for evaluating controls
- External Auditor Coordination: Acted as the primary liaison for external auditors regarding SOX and internal control matters
- Deliverable Accountability: Ensured timely and high-quality deliverables, providing comprehensive conclusions on control effectiveness
- Technology and Automation: Identified automation opportunities in process and implement by discussing with management
- Staff Development: Fostered a culture of continuous improvement through coaching and training programs for team members
- Knowledge Transfer & Training: Implemented periodic training to improve team morale and productivity
- J-SOX Training: Conducted annual J-SOX training across all departments to promote regulatory compliance
- Process Review: Reviewed and updated operational processes annually to reflect best practices and efficiencies
- SAP Access Review: Executed periodic reviews of SAP access rights to maintain compliance with job roles and the Segregation of Duties (SOD) matrix
- Testing Audits: Conducted ELC & PLC testing audits for group companies to ensure compliance with internal controls
- ITGC Audits: Led annual IT General Controls (ITGC) audits, assessing the effectiveness of IT-related controls
- Control Testing: Evaluated process design and efficiency, communicating deficiencies to process owners for remediation
- SOP Implementation: Developed and implemented Standard Operating Procedures (SOPs) for new processes, assisting in drafting policies and procedures
- Remediation Consulting: Advised process owners on remediation for SOX control deficiencies and validated management's action plans
- Corrective Action Review: Assessed corrective actions implemented by process owners to ensure effective resolutions
- Recruited, interviewed and hired employees and implemented mentoring program to promote positive feedback and engagement.
- Enhanced employee performance by providing regular feedback, coaching, and training opportunities.
- Conducted performance evaluations and provided constructive feedback to employees.
- Maintained positive customer relations by addressing problems head-on and implementing successful corrective actions.
AMP Technologies Pvt Ltd
Subject Matter Expert
01.2016 - 07.2016
- Preparing audit work papers as per client requirements
- Communicating with offshore clients & prepare documentation as required
Merrill Technology Services India Pvt. Limited
Associate Financial Analyst
10.2014 - 10.2015
- Convert the client financial into XBRL format
- Assisting in Securities Exchange Commission (SEC) regulatory filings
- Working directly with the onshore engagement team daily to deliver work to onshore clients
Hetero Med Solutions Pvt. Limited
Sr. Executive Accounts
10.2013 - 09.2014
- Company Overview: (A group company of Hetero Drugs and Labs)
- Preparation of Cash flow forecast for every month and monitoring the Cash outflow to be within the limit
- Assisting and monitoring Month end closing related activities & Entries posted by the team
- Preparation of Accounts receivables and payables ageing reports
- Scheduling payments to suppliers within due dates
- Accounting and tracking for expiry adjustments on returns to the suppliers
- Preparing cost sheet on monthly basis for the medicines imported
- Setting internal controls to Payments and Receipts from sales and purchases
- Tracking daily cash sales collections from outlets and resolving issues if any, arise in collection process
- Preparing Budgets on monthly basis for outlet expenses
- (A group company of Hetero Drugs and Labs)
Education
Bachelor of commerce (A&F) -
IGNOU
06.2023
CA Final (Both Groups) -
I.C.A.I, New Delhi
11.2012
CA PE-2 (Both Groups) -
I.C.A.I, New Delhi
05.2007
CA PE-1 -
I.C.A.I, New Delhi
05.2005
Intermediate (10+2) -
Board of intermediate Education, AP
03.2003
S.S.C -
Board of Secondary Education, AP
03.2001
Skills
- Tally 9 - ERP Version
- SAP FI
- MS Office
- Power BI - Basics
- Passed the 100-hours Information Technology Training (ITT) conducted by ICAI
- Completed Certificate course on AI for CA by ICAI - Level 1
Accomplishments
- Streamline the process of payments to vendors – Hetero Med solutions.
- Implementing job role-based access in SAP – previously there is no proper segregation roles in SAP system.
- Provision for slow and non-moving calculation – there is deviation between the policy and actual calculation while considering the age of the stock, later discussed with management and corrected.
- Reducing control deficiency rate to 0% by implementing timely corrective actions – earlier there is no process of implementing corrective actions, thus improvement in deficiency ranking for our entity among group companies.
Languages
Telugu
Bilingual or Proficient (C2)
English
Bilingual or Proficient (C2)
Hindi
Advanced (C1)
Tamil
Intermediate (B1)
kannada
Elementary (A2)
Personalassets
My strength may be marked with three words: -
- Initiative
- Innovation
- Integrity
Hobbies and Interests
- Reading Books
- Cooking
- Travelling
Personal Information
- Father's Name: Sri K.B. Venkata Reddy
- Date of Birth: 07/10/86
- Permanent Address:- #3-715/1, LBS. Road, Near Ajantha Theater, Yerramreddi Gutta, Pileru, AP - 517214.
- Valid passport - Yes (Upto 2033)
Disclaimer
I hereby declare that above particulars are true and correct to the best of my knowledge.
Timeline
Komatsu India Pvt Limited
Deputy Manager - Internal Audit & Compliance
09.2016 - Current
AMP Technologies Pvt Ltd
Subject Matter Expert
01.2016 - 07.2016
Merrill Technology Services India Pvt. Limited
Associate Financial Analyst
10.2014 - 10.2015
Hetero Med Solutions Pvt. Limited
Sr. Executive Accounts
10.2013 - 09.2014
CA Final (Both Groups) -
I.C.A.I, New Delhi
CA PE-2 (Both Groups) -
I.C.A.I, New Delhi
CA PE-1 -
I.C.A.I, New Delhi
Intermediate (10+2) -
Board of intermediate Education, AP
S.S.C -
Board of Secondary Education, AP
Bachelor of commerce (A&F) -
IGNOU
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