Summary
Overview
Work History
Education
Skills
Personal Information
Languages
Training
Technical Aspects
Timeline
Generic

RAHUL NAKRA

Faridabad

Summary

Program Management & Internal Audit professional with over 5.5 years of experience in project management, internal audits, commercial reviews, financial planning & analysis and cost management across industries like Construction - Water & Solar, Automotive Components and Oil & Gas.

Overview

6
6
years of professional experience

Work History

Senior Consultant

Ernst & Young LLP
Noida
10.2023 - Current
  • Preparing financial plans and budgets for the projects and analyzing plan vs. actual.
  • Analysis of Inflow and Outflow for the project and computation of Operating Margin, Cost to Complete and Realizable Margin for the project.
  • Analysis of physical work done and productivity monitored for labour and machinery & estimating time required to complete the activity with required number of resources.
  • Conducting Audit of Material Procured and Consumed & Physical Verification of Material.
  • Analysis of Quantity Variations of Material and Work Executed over and above BOQ.
  • Drawing comparison of procurement rates vs. industry.
  • Identifying opportunities for improving procurement planning.
  • Computation of Receivables and Payables & analysis of opportunities for improving working capital.
  • Identifying items of revenue loss or opportunities to claim additional items or escalations.
  • Refine SOPs for procurement, issue of material and inventory control and bill processing for clients and subcontractors.
  • Verification of Sub-Contractor RA bills and client RA bills.

Consultant

Ernst & Young LLP
Noida
12.2021 - 09.2023
  • Preparing MIS for Physical and Financial work executed for the projects.
  • Preparing zero-budget margins and tracking of margin on monthly basis.
  • Analysis of productivity of labour deployed and highlighting areas of improvement for better productivity.
  • Analysis of staff deployed and productivity of staff based on work done.
  • Analysis of Plant & Machinery hired and draw a comparison for hire vs subcontract model.
  • Refine departmental responsibilities and define RACI for effective control over tasks assigned
  • Obtaining a holistic view of BoM, Routing and Activity Rates.
  • Validation of Bill of Material defined in system through Physical Verification.
  • Conducting a time and motion study to identify variances from routing.
  • Comparison of Sales vis-à-vis Costs of Products to identify non-profit making and loss-making products.
  • Analysis of internal costing of products and comparison of the same with customer costing for identifying costs not charged in internal costing.
  • Review of Statutory Compliances for matters related to HR and EHS.
  • Analysis of Compliance Tool and identifying compliances due but not complied
  • Physical verification of Compliances of Factories Act, 1948, and other applicable Acts and identification of non-compliances as per Compliance to Operate.
  • Design and implement database management software for construction and land acquisition project

Executive - Finance

Larsen and Toubro Ltd.
Pune
02.2020 - 12.2021
  • Ensuring recording of transactions for subcontractor billing, general ledger accounting, accounts payable and managing day-to-day accounting and administrative aspects of the EPC projects.
  • Analysis of Sales over Invoice for monitoring unbilled work.
  • Closure of cost statement on a monthly basis and rectification of cost allocation entries.
  • Preparing budgets of indirect costs for the projects and department.
  • Monitoring indirect costs to ensure costs incurred by projects are within the approved budgets.
  • Analysis of trial balance for water and effluent treatment division, branch offices, and projects on a quarterly basis.
  • Preparing cost statement vs revenue ledger reconciliation (Financial Statement Analysis).
  • Variance analysis for quarterly as well as annual expenses and current assets of projects.
  • Actions on GST compliance and closure of accounts as per the GST Act for ensuring no loss of ITC to the company.
  • GST analysis and reconciliations for hold release of payments of vendors.
  • Reconciliation of IT TDS, TCS, and GST TDS certificates with ledger and deductions to ensure fuller utilization of TDS/TCS credit by the company.
  • Ensuring internal control compliance of project offices.
  • Preparing replies and ensuring compliance of audit queries and documentation for Internal Audit.
  • Working on MIS (Management Information System) for reports related to accounts, ICFR and stores.
  • Analysis of reconciliation for provident fund recoveries and disbursements.

Industrial Trainee-Finance

ONGC Videsh Ltd.
New Delhi
08.2018 - 08.2019
  • Preparation of internal audit plan for corporate office, overseas branch offices and overseas subsidiaries.
  • Preparation of internal audit agenda for executive committee and audit committee meetings.
  • Preparation of Minutes of Meetings (MoM) for standing committee and executive committee meetings.
  • Trial balance analysis of financial statements on a quarterly basis.
  • Compilation of information for notes to financial statements on a quarterly basis.
  • Analysis of Ind AS and Companies Act, 2013 for practical application and drafting of queries for consultation.
  • Profitability Analysis (Ratios).
  • Preparation of investors' presentation and accounts review presentation to the Board of Directors.
  • Working on implementation of SAP BPC (Business Planning and Consolidation) module.
  • Filing of GST Returns: GSTR1, 3B, and 7.
  • Reconciliation of employee loans and advances.
  • Compilation of information for loans raised by the company and debentures issued by the company.

Education

Masters in Commerce (Management Accounting & Financial Strategies) -

Indira Gandhi National Open University (IGNOU)
02-2020

Cost & Management Accountant -

The Institute of Cost Accountants of India (ICAI-CMA)
08-2019

Bachelors in Commerce -

Indira Gandhi National Open University (IGNOU)
08-2017

XII -

Central Board of Secondary Education (CBSE)
03-2014

X -

Central Board of Secondary Education (CBSE)
03-2012

Skills

  • Internal Audit
  • Internal Control
  • Program Management
  • Financial Planning & Analysis
  • Profitability Analysis
  • Management Information Systems
  • Productivity Analysis
  • RACI

Personal Information

Date of Birth: 08/06/1996

Languages

  • English
  • Hindi

Training

  • Certification of Internal Quality Auditor for ISO 9001, 14001 & OHSAS 18001 from MSME Technology Development Centre, Agra
  • Certification of Digital Marketing from MSME Technology Development Centre, Agra
  • Industry Oriented Training Programme (IOTP) from The Institute of Cost Accountants of India
  • 100 Hours Computer Training from The Institute of Cost Accountants of India
  • Communication and Soft Skills Training from The Institute of Cost Accountants of India

Technical Aspects

  • Operational Working of SAP FI Module
  • Tally
  • Database Management Software
  • Microsoft Office - MS Word, Excel, PowerPoint

Timeline

Senior Consultant

Ernst & Young LLP
10.2023 - Current

Consultant

Ernst & Young LLP
12.2021 - 09.2023

Executive - Finance

Larsen and Toubro Ltd.
02.2020 - 12.2021

Industrial Trainee-Finance

ONGC Videsh Ltd.
08.2018 - 08.2019

Masters in Commerce (Management Accounting & Financial Strategies) -

Indira Gandhi National Open University (IGNOU)

Cost & Management Accountant -

The Institute of Cost Accountants of India (ICAI-CMA)

Bachelors in Commerce -

Indira Gandhi National Open University (IGNOU)

XII -

Central Board of Secondary Education (CBSE)

X -

Central Board of Secondary Education (CBSE)

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