Nitish Kumar CB

• Preparing monthly Profit and Loss statements, overseeing bank reconciliation, performing monthly analysis of financial performance, acting as liaison for audits, and maintaining General Ledger activities.
• Overseeing the Bank reconciliation process to ensure that all discrepancies between the company's financial records and the bank statement are resolved in a timely manner. This includes regularly reviewing open items, investigating any discrepancies or errors, and coordinating with relevant departments or the bank to address and correct these issues.
• Performing a monthly analysis of profit and loss statements for each plant/business unit to assess financial performance, identify variances and provide insights for operational decision-making. This practise ensures that the plant-wise performance is effectively monitored and evaluated.
• Acting as the primary liaison between the audit team and the organization by coordinating the flow of information, scheduling meetings, providing necessary documentation and access to financial records. Ensuring effective communication and prompt responses to facilitate a smooth audit process, addressing any issues or questions that arise and contributing to the timely completion of audits.
• Delivering and maintaining the General Ledger activities with a focus on meeting established key performance indicators (KPIs) and service level agreements (SLAs). Ensure adherence to internal controls in General Ledger Accounting as per company policies.

● Internal Audit:

- Member of the audit team for Internal Audits of various companies.

- Performed internal audit as per guidelines and checklist designed for evaluation.

- Information Technology and Software: Areas handled – Fixed assets, Human Resource and Payroll

- Healthcare: Areas handled - Production, Inventory and Sales

- Manufacturing: Areas Handled – Production, Payroll, and Order to Cash. Verification of Inventory and related controls

- Engineering and Construction: Administration, Payroll and Projects

● Sarbanes-Oxley Act compliance (SOX) & Internal Control Over Financial Reporting (ICFR):

Conducted verification and testing of SOX and ICFR controls of a publicly traded manufacturing company. Identified and addressed control-related issues, providing detailed reports to internal and statutory auditors.

• Statutory Audit:

- Team member in the statutory audits for multiple companies across diverse sectors.

- Banks: Focused on auditing assets and expenses

- Manufacturing: Reviewed and audited assets and expenses

- Oil & Gas: Managed audits related to fixed assets, payables, sales, and other expenses