DEVANSHU VAGADIA
Internal Auditor @ Chrysalis High
Bengaluru
Summary
Seasoned auditing professional knowledgeable about risk aversion strategies, cost reduction options and financial processes. Decisive and persuasive communicator with proven problem-solving, leadership and planning abilities.
Overview
5
5
years of professional experience
Work History
Internal Auditor
Chrysalis High
06.2024 - Current
- Performed internal audits of financial and departmental operations, developing risk assessments and conducting process walkthroughs for compliance with documented processes.
- Participated in special projects as requested by senior leadership, providing subject matter expertise on internal controls and risk management practices.
- Investigated discrepancies discovered during auditing process.
- Synchronization between 10 different branches in the group and with corporate office.
- Drafting of SOPs for various department and it's Implementation.
- Helping accounts team, conducting training sessions on various developments in the field of Audit and Accounts.
- Review of MIS, Budgets, Procurement Comparison Statement and Vendor finalization.
- Cooperated with senior leaders to create operating budgets and initiate financial planning.
- Streamlined audit processes, implementing new software tools to increase efficiency and accuracy.
Freelancer
Escrowstack.io
06.2024 - Current
- Conducted thorough research to provide well-informed recommendations for clients'' strategic decision-making processes.
- Working with Co-founder of the startup for digital escrow operations.
- Reviewing new app building, and areas in the operations which have significant financial risk.
Audit & Account Executive
Vouchpay Technology Private Limited
6 2023 - 04.2024
- Responsible for Accounts, System audit, Backend Configurations review for Digital Escrow App.
- Responsible for Daily/Monthly escrow account balance reconciliation.
- Verifying Daily settlement of pay-in and pay-out in the escrow account.
- Assisted in Routine Financial preparation, MIS, Statutory Compliances.
- Evaluating system configuration in Oracle SQL and verifying financial controls on the same.
Executive Assistant
Khandhar Mehta & Shah (KMS), Chartered Accountants
02.2020 - 05.2023
- Conducted audit in accordance with financial reporting standards for a wide range of clientele along with planning, executing, and finalizing all areas of audit assignments
- Performed multiple substantive tests to obtain sufficient appropriate audit evidence, collate reports, communicate findings & recommendations
- Evaluated design and operating effectiveness of different processes for IFCoFR (Internal Financial Controls over Financial Reporting)
- Identified management control weaknesses and provided value added suggestions for risk mitigation
- Assisted in Implementing systems, procedures & manuals for adhering to Internal control system set up by the organization to bring in operational effectiveness, efficiency, reliable financial reporting and compliance with laws, regulations and policies
- Conducted year end inventory count and fixed assets verification for various clients.
- Working as a team leader for various outstation audit projects during last year of internship.
Education
MBA - Banking And Financial Support Services
T.A. Pai Management Institute
Bengaluru, India 04.2001 -
Bachelor of Commerce - Auditing & Accounting
Gujarat Commerce College
Ahmedabad, India 04.2001 -
CA Inter - Audit And Accounts
Institute of Chartered Accountants of India
Ahmedabad, India 04.2001 -
Skills
Internal Audit & Control
Accomplishments
- Achieved Best Executive Assistant Award for the year 2021 by completing Internal Audit tasks with accuracy and efficiency.
Languages
English
Bilingual or Proficient (C2)
Hindi
Bilingual or Proficient (C2)
Gujarati
Bilingual or Proficient (C2)
Interests
Solo Travelling
Timeline
Internal Auditor
Chrysalis High
06.2024 - Current
Freelancer
Escrowstack.io
06.2024 - Current
Executive Assistant
Khandhar Mehta & Shah (KMS), Chartered Accountants
02.2020 - 05.2023
MBA - Banking And Financial Support Services
T.A. Pai Management Institute
04.2001 -
Bachelor of Commerce - Auditing & Accounting
Gujarat Commerce College
04.2001 -
CA Inter - Audit And Accounts
Institute of Chartered Accountants of India
04.2001 -
Audit & Account Executive
Vouchpay Technology Private Limited
6 2023 - 04.2024
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