JAGDISH SUKHWANI

• Team Leading, Execution and Business Development
• PROCESS AUDITS AND CONSULTING
• Conducting interviews and walkthroughs with client’s employees, management teams and other stakeholders to understand various key business processes viz
• O2C, P2P, HR Payroll, Production and Financial Reporting
• Conduct gap assessments and perform analysis of systems, processes and structures implemented within the client’s organization and prepare ‘Gap Assessment Report’ highlighting gaps, recommendations, and implementation plan
• Discuss ‘Gap Assessment Report’ with the Client’s Senior Management to finalize, conclude and agree upon implementable management Action Plans
• Re-define business process basis the agreed action plans and develop ‘Standard Operating Procedures’ (SOP), ‘Policies and Procedures Manual’ (PPM), ‘Process Flow Diagrams’ and ‘Delegation of Authority Matrices’ aligned with industry best practices, to overcome organizational inefficiencies and align business areas with the overall client strategy and objectives
• Assist clients in implementation of previously agreed upon Management Action Plans
• Conduct post implementation efficiency review of the business area/ activity in coordination with the stakeholders and prepare ‘Implementation Review Report’ highlighting the efficacy of the improvement achieved
• Advising and supporting clients in achieving organizational excellence and market dominance through the pursuit of an organizational restructuring exercise that would enable centralization, process standardization, and a structure aligned with strategic objectives and talent requirements.
• Developed organizational structure to outline and direct rules, roles and responsibilities.
• Performed internal audits of financial and departmental operations, developing risk assessments and conducting process walkthroughs for compliance with documented processes.
• Guided departments in developing remediation plans based on audit findings and recommendations.
• Prepared audit programs and documentation in alignment with Generally Accepted Auditing Standards (GAAS).
• Implemented [Type] process improvement initiatives within department.
• Participated in team-building activities to enhance working relationships.

• Individual Contributor
• OPERATIONAL FINANCE
• Reviewing and analyzing existing processes to ensure fitment with the documentation standards
• Conducting interviews and walkthroughs with client’s employees, management teams and other stakeholders to understand various key business processes viz
• Premium Accounting Claims, Brokerage, Reinsurance, etc
• Across geographies
• Conduct gap assessments and perform analysis of systems, processes and structures implemented within the client’s organization and prepare ‘Gap Assessment Report’ highlighting gaps, recommendations, and implementation plan
• Identifying risks across the processes and setting up/building effective controls to mitigate the identified risk within finance functions across XL Catlin group in India and onshore locations
• Identify, analyze, and lead potential process improvement opportunities and documenting new/ existing processes per business requirement
• Management projects, supporting transitions to new/changed processes, including training
• Maintaining process documentation, including formalized change controls to prevent process erosion
• Participated in continuous improvement by generating suggestions, engaging in problem-solving activities to support teamwork.
• Identified issues, analyzed information and provided solutions to problems.
• Developed and implemented performance improvement strategies and plans to promote continuous improvement.

• Understand existing business processes, policies, procedures, systems/tools, and culture/people
• This includes identifying and evaluating all significant processes and related risks and efficacy of the existing risk management efforts
• Develop risk-based annual internal audit plan, and conducting internal audits in line with the approved audit plan
• Identifying process gaps and come up with the improvement opportunities
• Maintain and update appropriate audit work papers and provide regular updates to senior manager and process owners on status of project
• Communicating the results of assignments/ audit observations through Audit Reports and oral presentations on a timely basis to Senior Managers, Directors and Senior Management of the Client
• SOX TESTING AND REPORTING:
• Understand the company’s internal controls over financial reporting (ICFR) framework for compliance with Sarbanes-Oxley (SOX), guide efforts to create a common control framework and uniform compliance reporting standards
• Performing risk assessment, identifying significant accounts, preparing, and finalizing the project scope with the senior management
• Developing Risk Control Matrices (RCMs), Test Scripts and conducted Test of Design (ToD) and Test of Effectiveness (ToE)
• Documenting testing results, suggesting control remediation plans in case of control test failure to the management and perform testing thereof
• Conducting client calls, providing status updates on the project, proactively informing them on the bottlenecks while executing the project related activities
• Train business process owners and related functions with respect to internal controls and internal control compliance requirements, company’s policies, and procedures, etc
• (i.e., educate, guide, train, and measure)
• Partner with the business process owners in the development, implementation and improvement of controls and processes including the design, update and streamlining of key process areas and business cycles
• Blackline
• SAP
• Omnia
• Audit System (AS2)
• Visio (For Flowcharts)
• SYSTEM / APPLICATION EXPERIENCE
• Determined areas for improvement and implemented processes to alleviate problems.
• Analyzed problematic areas to provide recommendations and solutions.
• Identified control gaps in processes, procedures and systems through in-depth research and assessment and suggested methods for improvement.
• Interviewed business owners to understand needs and explain audit scope.
• Consulted clients on internal control systems development and audit program improvements.

o Conduct audits from planning to final reporting, using experience and judgement to apply pre-defined internal audit methodology

o Execute a wide variety of audit tests/ procedures and accurately interpret results, whilst ensuring the work is competently and efficiently performed in accordance with professional standards

o Understand the financial, operational, and compliance risks which affect activities.

o Demonstrate the ability to identify and appropriately define those risks, and formulate recommendations which are appropriate, practical, and cost-effective

o Conducting interviews and walkthroughs with client’s employees, management teams and other stakeholders to understand various key business processes, systems, and applications. Identifying process gaps and come up with the improvement opportunities.

o Performing risk assessment, identifying significant accounts, corresponding processes, and finalizing the project scope with the senior management

o Understand the company’s internal controls over financial reporting (ICFR) framework, guide efforts to create a common internal control framework (COSO Framework) for compliance with SOX

o Developing risk universe relevant to the company’s business and defining preventive, detective, corrective, recovery, anti-fraud controls considering the existing IT system / ERP environment in place

o Developing Risk Control Matrices (RCMs), Test Scripts and conducted Test of Design (ToD) and Test of Effectiveness (ToE) including IPE testing

o Documenting testing results, suggesting control remediation plans in case of control test failure to the management and perform testing thereof

o Conducting client calls, providing status updates on the project, proactively informing them on the bottlenecks while executing the project related activities

o Train business process owners and related functions with respect to internal controls and internal control compliance requirements, company’s policies, and procedures, etc. (i.e., educate, guide, train, and measure)

o Partner with the business process owners in the development, implementation and improvement of controls and processes including the design, update and streamlining of key process areas and business cycles