Naveen Kumar Bollipalli
Audit Manager
Hyderabad,TG
Summary
To pursue a challenging career in Auditing, Financial and Accounting matters. Intend to get exposed in an innovative, creative environment with committed and dedicated people, where I can leverage my skills and contribute towards the organization growth.
An Astute Professional with 14 years of experience in Statutory and Internal Audit, Finance & Accounts. Adept in organizing and performing Financial & Accounting operations efficiently. possess good communication, analysis, analytical, negotiation skills. Possess working knowledge in Ind AS and IFRS.
Detailed Audit Manager skilled in financial assessments and risk management to prevent fraud. Experienced with developing internal controls and audit policies.
Strategic Audit Manager with expensive knowledge of financial and operational risk. Offering sound judgment and interpreting policies and controls. Recognized to thrive in either collaborative or independently-motivated settings.
Overview
18
18
years of professional experience
2008
2008
years of post-secondary education
3
3
Languages
Work History
Audit Manager
Darapaneni & Co Chartered Accountants
04.2023 - Current
- At present heading internal audit team taking care of statutory compliances & internal controls for one of our reputed clients
- Facilitated internal audits and prepared detailed reports on findings.
- Improved client relations by maintaining open lines of communication and addressing concerns promptly.
- Managed a team of auditors, ensuring accurate and timely completion of audit projects.
- Provided valuable insights to senior management on potential business risks identified during audits.
- Consistently met deadlines for audit reports, helping maintain company reputation for reliability and professionalism.
- Implemented risk-based auditing strategies, resulting in better identification of potential issues.
- Evaluated effectiveness of internal controls by testing key controls across various business units within the organization.
- Conducted regular training sessions for audit staff, increasing their knowledge and skillset in the field.
- Participated in fraud investigations, gathering evidence to support legal proceedings when necessary.
- Identified areas where cost savings could be achieved by analyzing expense reports and recommending budget adjustments.
- Recommended changes to management regarding financial operations.
- Collaborated with external auditors to provide accurate information needed for successful annual audits.
- Strengthened stakeholder relationships by presenting clear findings from completed audits along with suggested improvements.
Assistant Financial Controller
M/S Royal Salt Ltd
01.2017 - 03.2023
- Company Overview: M/S Royal Salt Ltd - Lagos, Nigeria is part of Agri-Chemicals Ltd, United Kingdom
- Audit the financial transactions done by a team of 8people reporting to me
- Review and first approval of financial transactions in newly implemented ERP package
- Actively involved & successfully implemented new ERP package having F&A module, Inventory module, and HR module
- Preparing financial Budget forecast at beginning of every month
- Review of presented budget on day to day basis for proper utilization of budget funds
- Efficiently managing N.850-950 million monthly budget funds for business activities
- Preparation of weekly financial performance & variance report to management
- Suppliers reconciliation and bank payments to be processed with in due timelines
- Preparation of monthly MIS reports to management
- Coordinating with statutory & internal auditors
- Training for new staff relating to newly implemented ERP package
- Secondary job responsibility is to monitor store and logistics activities as they are strongly associated with accounts
- I worked as a helping hand to store manager during procurement and stock audit
- I am well versed with store manager responsibilities as well due to dual job role for me sometimes
- M/S Royal Salt Ltd - Lagos, Nigeria is part of Agri-Chemicals Ltd, United Kingdom
- Provided support during annual budgeting cycles by preparing detailed variance analyses and explanations for senior leadership review.
- Identified risks within existing financial processes through regular assessments.
- Supported external audit processes with timely delivery of requested documentation and schedules.
- Enhanced profitability through comprehensive reviews of product pricing strategies and cost structures.
Senior Executive - Finance & Accounts
M/S Apollo Hospitals Enterprise ltd
03.2014 - 01.2017
- One year independently handled entire accounts department for one state (Madhya Pradesh)
- Successfully managed Rs.65-75crore Bank online transactions for 8 states
- Bank reconciliations, debtors & creditors management
- Regular statutory vat payment & respective vat returns filing within the due dates
- Checking SOPs for new marketing initiatives
- Preparation of Trial balance, profit & loss statements
- Preparation of MIS reports as per statutory requirements
- Preparation of quarter end schedules as required for limited company listing purpose
- Handling TDS & service tax deposits and returns for one region covering six states
Senior Audit Executive
M/S Narven Associates Chartered Accountants
01.2012 - 02.2014
- To plan Audits, organizing & coordinating with article assistants and clients for completion of Audits within prescribed timelines
- To make sure the team covers all the audit areas and to be there as a helping hand to complete the audit and audit reports, until finalization of client books of accounts and filing of respective e-filing returns
Audit Assistant
M/s Narven Associates
11.2006 - 01.2012
- Company Overview: Worked as an Audit Assistant in M/s Narven Associates, Chartered Accountants, Hyderabad
- Has firsthand experience in Accounts, Auditing & Taxation with respect to Manufacturing, Trading, Financial and IT concerns
- Had exposure in performing various Statutory, Internal, Bank and Forensic Audits
- Worked as an Audit Assistant in M/s Narven Associates, Chartered Accountants, Hyderabad
Education
Chartered Accountant-Professional Education-II -
ICAI
Chartered Accountant-Professional Education-I - undefined
ICAI
Bachelor of Commerce - undefined
IGNOU
Skills
- Learning SAP S/4 HANA
- ORION ERP
- Oracle financials version R12
- Profit plus
- Tally ERP
- MS-office
- Computer Training
Extra-Curricular Activities
Participated in various events like Seminars and Cultural Festivals. Participated in event organizing at inter schools’ level. Active member in school cultural and dramatic activities.
Articles Training
M/s Narven Associates, Chartered Accountants, Hyderabad, Telangana, 11/01/06, 11/30/08, Audit Assistant, Nov 2006 to Nov 2008 as Audit Assistant and Nov 2008 to Jan 2012 as Article student., Experience in Accounts, Auditing & Taxation with respect to Manufacturing, Trading, Financial and IT concerns., Exposure in performing various Statutory, Internal, Bank and Forensic Audits.
Personal Information
- Passport Number: Z6408090
- Date of Birth: 06/30/85
- Marital Status: Married
Timeline
Audit Manager
Darapaneni & Co Chartered Accountants
04.2023 - Current
Assistant Financial Controller
M/S Royal Salt Ltd
01.2017 - 03.2023
Senior Executive - Finance & Accounts
M/S Apollo Hospitals Enterprise ltd
03.2014 - 01.2017
Senior Audit Executive
M/S Narven Associates Chartered Accountants
01.2012 - 02.2014
Audit Assistant
M/s Narven Associates
11.2006 - 01.2012
Chartered Accountant-Professional Education-I - undefined
ICAI
Bachelor of Commerce - undefined
IGNOU
Chartered Accountant-Professional Education-II -
ICAI
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