NOW
Rohit Rana
Internal Auditor
Una,Himachal Pradesh
Every problem is a gift—without problems we would not grow.
Tony Robbins
Summary
Accomplished Internal Auditor offering more than 4 years preparing internal audit documentation and reports. Forward-thinking individual with great understanding of auditing procedures. Outstanding problem-solving and teamwork abilities. Skilled at inspecting organizations' operations, analyzing potential risks and providing recommendations to improve operations. Experienced Auditor focused on improving business compliance, workflow and processes through detailed audits and optimization recommendations. Successful track record of fully evaluating information, structures and procedures and initiating corrective actions.
Overview
3
3
Languages
2
2
Certifications
6
6
years of post-secondary education
4
4
years of professional experience
Work History
Internal Auditor
VV Bhalla & Company (Chartered Accountants)
Ludhiana, Punjab
08.2020 - Current
- Performed internal audits of different departments like HR, IR, Store, Purchase, Production, Commercial, Gate & Security, Safety department and departmental and conducting process walkthroughs for compliance with documented processes.
- Ensured compliance with provisions of the Factory Act, Labour Act, GST (Goods and Services Tax), Professional Tax, Income Tax Act and other Statutory Compliances.
- Produced and reviewed audit reports for submission to managing directors and business heads on audit recommendations and internal controls.
- Performed detailed software testings to ensure systematic controls and accuracy. Moreover, suggested new checkpoints for implementation to the IT department.
- Recommended new methods to improve internal controls and operating efficiency.
- Evaluated company's policies to determine how well standards adhered to best practices.
- Prepared suitable reports on risk and information gleaned from audits and distributed to appropriate personnel.
- Produced audit reports which comprised evaluation of internal control systems.
- Documented recommendations for identified areas to improve internal control system & cost cutting.
- Prepared working papers, reports and supporting documentation for audit findings.
- Identified management control weaknesses and provided value added suggestions for remediation.
- Checked of all type physical stock during audit like (RM) Raw Material, (FG) Finished Goods, (WIP) Work in Progress, (SS) Stores & Spares, (FO) Furnace Oil, (HSD) High Speed Diesel and Dyes & Chemicals etc. lying in units with actual stock in system and reported discrepancies to management in audit reports.
Internal Auditor
Vardhman Textiles Ltd.
Ludhiana, Punjab
08.2017 - 07.2020
- Conducted Internal audit of departments like Human Resource, Industrial Relations, Store, Purchase, Gate & Security, Goods & Service Tax, Accounts, Admin and Commercial department.
- Suggested the Implementations of new system check in organizational software in order to ameliorate financial and non-financial risks.
- Conducted physical verification of Inventories like Raw Material, Work in Progress (WIP), Finished Goods, Stores & Spares and High Speed Diesel (HSD) & Furnace Oil (FO).
- Checked and analyzed transactions related to journal and ledger entries, bank statements, inventories and expenditures of departments within organizations.
- Checked compliances of company's internal SOPs and also ensuring its standardization across all the units of Vardhman group.
- Ensured financial recording accuracy and compliance with established accounting standards, procedures and internal controls of all departments within the organization.
- Ensured the compliance with provisions of the Factories Act, Goods & Service Tax, direct & indirect tax laws, Gratuity Act and other statutory requirements like Provident Fund (PF), Employees' State Insurance Corporation (ESIC) & Labour Welfare Fund (LWF).
- Examined departmental records for audit purposes.
- Identified areas of system improvement & cost cutting and ensured internal financial controls by evaluating them.
- Ensured the organizations' & workers' safety assurance from risks by checking safety arrangements in units of Vardhman.
- Conducted Weekly audits like E-payment, Online payment and Investments.
- Ensured the company's raw material (cotton) quality by conducting audits at various cotton ginning factories.
- Prepared detailed final reports on audit findings and make recommendations to improve departmental or establishment's practices in order to minimize financial and non-financial risks to the company.
- Ensured the compliances of previous audit reports.
MIS Analyst
SEL Manufacturing Co. Ltd.
Ludhiana, Punjab
01.2017 - 07.2017
- Managed and created monthly, daily & weekly MIS basis analytical records related to Productivity, efficiency, capacity utilization, manpower engagement, material wastages, power & other utilities consumption, Target Vs Actual analysis and producing other actionable information for management and technical team.
- Analyzed monthly business plan Vs actual variances along with reasoning & presented to management in monthly review meeting.
- Analyzed and made available costing related data to take effective & cost conscious decisions.
- Formatted MIS reports to provide accurate information in a clear and concise manner.
- Coordinated with production and other service departments to converse the day to achievements and variance between planned Vs actual.
- Calculated salary, wage, production & non-production cost factors, analyzing deployment trends and related costs.
- Prepared monthly analysis reports related to spinning (regarding Raw material receipt, Dispatch, Yarn booking sheets, wastage detail, yarn recovery, marketing, ring frame production).
- Prepared HR reports -Wages/kg, Salary/kg, transportation, medicine, colony, water cost etc.
- Prepared various ageing reports related to stock and debtors & vendors.
Education
MBA - Major - Finance & Minor - HR
06.2017 - 02.2020
Bachelor of Commerce (Honours) -
07.2013 - 06.2016
Skills
MS Office
Proficient with Software Like NOW, ERP, Oracle, BOSS,SAP (FICO)
Data Analysis
Daily reporting
Report generation
Audit processes
Data Mining
Information gathering
Teamwork
Written Communication Skill
Analytical skills
Strong computer skills
Fraud investigations
Regulations and compliance
Root Cause Analysis
In-Process Inspection
Corrective action planning
Field auditing
Risk assessment abilities
System development
Safeguards assurance
Risk mitigation strategies
Cost savings options
Software
Oracle
ERP
BOSS
SAP (FICO)
Certification
DCP/DCA Training - [1 Year]
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Hobbies
Playing Badminton, Football and Volleyball
Timeline
Internal Auditor - VV Bhalla & Company (Chartered Accountants)
08.2020 - Current
Internal Auditor - Vardhman Textiles Ltd.
08.2017 - 07.2020
Lovely Professional University - MBA, Major - Finance & Minor - HR
06.2017 - 02.2020
Employability Skills Test Certificate, Confederation of Indian Industry - India Wide 75th Percentile Rank
06-2017
MIS Analyst - SEL Manufacturing Co. Ltd.
01.2017 - 07.2017
DCP/DCA Training - [1 Year]
08-2015
Maharana Pratap Government College - Bachelor of Commerce (Honours),
07.2013 - 06.2016