Summary
Overview
Work History
Education
Skills
Accomplishments
Languages
Timeline
Generic

Prashant Kadam

Mumbai

Summary

Experienced internal audit professional with expertise in leading teams, improving processes, and ensuring compliance. Proven track record in risk assessment and control implementation, recognized for significant contributions to cost-saving initiatives. Proficient in SAP and INFOR systems, with strong leadership skills, driving operational success.

Overview

13
13
years of professional experience

Work History

Manager

Godrej & Boyce Mfg. Co. Ltd
Mumbai
08.2023 - Current
  • Led comprehensive audits across diverse divisions, enhancing operational efficiency.
  • Developed strategic audit plans, resulting in improved compliance, and cost savings.
  • Facilitated risk assessments and implemented effective controls mitigating identified risks.
  • Delivered detailed reports recommending process improvements to senior management.
  • Recognized for leadership in achieving significant cost reductions in the Appliances division.
  • Awarded as Audit Champion for FY 23-24 for cost saving identified in Appliances division.

Assistant Manager

Deloitte Touche Tohmatsu India llp
Mumbai
02.2022 - 08.2023
  • Conducted preparation and testing of ICOFR per ICAI guidelines for manufacturing sector.
  • Executed plant and process audits to identify key risks and control gaps for International automotive company.
  • Evaluated control adequacy in inventory management and internal audits across procurement and software processes (sterlite- Vedanta group).
  • Identified system control lapses within SAP for automotive and digital network industries.

Senior Consultant

Mazars India LLP
Mumbai
09.2021 - 02.2022
  • Performed internal control testing related to financial reporting process a part of Internal controls compliance for manufacturing industries in accordance with ICAI guidelines for general insurance chemical and pharma companies.
  • Identified control gaps in processes, procedures and systems during process review of support function (Procurement, HR and payroll) and the plant audits of manufacturing Chemical (Dai Ichi Karkaria Ltd, VVF Ltd,), Life Insurance company (Reliance Nippon).

Assistant Manager

Universal sompo General Insurance Ltd
Mumbai
02.2021 - 09.2021
  • Co-ordination within department for collection of various data for preparation of Financial Statement.
  • Assisted internal auditors and respective department for preparing and testing risk control matrix for financial year 20-21.
  • Preparation of Financial Statements, Cash Flow statement and related financial information under local GAAP.

Senior Associate

Aneja Associates
Mumbai
07.2018 - 02.2021
  • Worked extensively for designing and testing controls as a part of Internal controls compliance for manufacturing industries.
  • Delivered Internal Audit assignments including the plant audit, support function (HR and Payroll, Procurement, order to cash, transport and operations, contract labour etc.) audit performing risks assessment at residual level, identification of top risks.
  • The clientele during this role included for limited and listed entities having business in manufacturing reclaim rubber (GRP Ltd), chemicals (Covestro India), print solutions trading business (TechNova imaging systems), Marine and energy (Wartsilla India).
  • Conducted and managed an Audit of port Terminal (Gateway terminal India Pvt. Ltd.)
  • Performed an Investigation Audit of Ultra Tech RMC division and identified the fraud.

Audit Senior

Sharp and Tannan Associates
Mumbai
12.2016 - 07.2018
  • Performed internal audits for various processes including sales, service, operations, revenue management, procurement, special projects, contract management, maintenance review, and follow-up reviews across industries of Real estate(Shapoorji and Pallonji group companies), manufacturing(Sulzer India Ltd), pharma (Centaur pharma) and chemical (Formerly known as Excel crop care currently known as Sumitomo Chemical India Ltd)
  • Performed due diligence of two Startups (Vidooly and Ben and Gaws).
  • Performed Inventory management for Ambuja cement.

Executive

Aurum Capital Services
Mumbai
12.2016 - 01.2016
  • Performed internal audit of various charges charged by banks to client and if overcharged by bank then request for reverse it, preparation of stock statements, account churn and others.
  • Working on debt syndication assignments.

Internship

Manish Modi and Associates
Mumbai
04.2012 - 04.2015
  • Performed Statutory Audit of Real Estate group.
  • Audit of SME industries (Water system sector, Food Processing Industry (EOU) &Paper Industry) (For 1-year 2012- 2013).
  • Special audit assignments such as Mahindra and Mahindra Car distribution process audit.
  • Factory Visit of chemical industries and fixed asset verification, Cost process analysis and costing of whole process.

Internship

Gandhi and John
Mumbai
  • Performed Statutory and Internal Audit of Nationalize banks.

Education

Chartered Accountant -

The ICAI
11-2019

Skills

  • Internal auditing
  • Strategic risk assessment
  • Process improvement
  • Control implementation
  • Team development and Training
  • Regulatory compliance
  • MS office
  • Advance SAP and INFOR proficiency

Accomplishments

  • Awarded as Audit Champion in FY 23-24 for cost saving in appliances division

Languages

Marathi
First Language
English
Intermediate (B1)
B1
Hindi
Intermediate (B1)
B1

Timeline

Manager

Godrej & Boyce Mfg. Co. Ltd
08.2023 - Current

Assistant Manager

Deloitte Touche Tohmatsu India llp
02.2022 - 08.2023

Senior Consultant

Mazars India LLP
09.2021 - 02.2022

Assistant Manager

Universal sompo General Insurance Ltd
02.2021 - 09.2021

Senior Associate

Aneja Associates
07.2018 - 02.2021

Audit Senior

Sharp and Tannan Associates
12.2016 - 07.2018

Executive

Aurum Capital Services
12.2016 - 01.2016

Internship

Manish Modi and Associates
04.2012 - 04.2015

Internship

Gandhi and John

Chartered Accountant -

The ICAI

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