Summary
Overview
Work History
Education
Skills
Affiliations
Languages
Accomplishments
References
Timeline
Generic
Sanjeev Panchal

Sanjeev Panchal

Navi Mumbai

Summary

Seasoned Senior Manager with deep understanding of strategic business planning and development. Dedicated and adaptable professional with a proactive attitude and the ability to learn quickly. Strong work ethic and effective communication skills. Eager to contribute to a dynamic team and support organizational goals.

Overview

25
25
years of professional experience

Work History

Senior Manager Assurance

Natvarlal Vepari & Co.
Mumbai
02.2023 - Current
  • I am managing the Internal Audits portfolio of the firm which comprises of listed company audits, private limited companies and public companies.
  • I have also participated in statutory audits of a group of Real Estate entities and some private entities.
  • I have conducted the complete Process Audit covering various functions and divisions of a listed transmission company.
  • I have been part of a team of auditors responsible for conducting investigations into suspected fraud / misappropriation case.
  • Provided guidance on risk assessment processes to identify potential areas of non-compliance.
  • Provided training on best practices related to internal controls, financial reporting, risk management.
  • Established policies and procedures related to accounting functions.
  • Reviewed financial statements in accordance with Generally Accepted Accounting Principles.
  • Conducted reviews of internal control systems to ensure accuracy and completeness of information.
  • Reviewed regulatory requirements applicable to the organization's operations.
  • Assessed the adequacy and effectiveness of internal controls over financial reporting.
  • Evaluated audit findings and prepared reports for senior management and presented executive summaries of audit results at board meetings.
  • Performed detailed analysis of account balances to uncover any irregularities or errors in data entry.
  • Developed assurance plans for financial, operational and compliance audits.
  • Identified discrepancies in financial records and recommended corrective actions to address them.
  • Analyzed business performance data and forecasted business results for upper management.

Partner

R.G.N. Price & Associates
Mumbai
09.2011 - 04.2022
  • I was managing the execution of the internal audit assignments and other assignments of the Western region of the firm, which involved some of the leading pharmaceutical listed companies in India, a group of engineering entities, an oil conglomerate in India, a couple of IIMs, an automobile ancillary industry company, a well-known infrastructure project company, and some renowned banks.
  • I have also participated in CAG-allocated statutory audits of a large PSU, which is involved in oil exploration, and another PSU, which is involved in setting up power transmission lines.
  • I have also worked on a number of other assignment such as due diligence reviews, forensic audit, compilation of process manuals, IFC assignments (including ITGC reviews at basic levels)
  • Analyzed financial data to identify potential areas of improvement.
  • Developed and documented business processes and accounting policies to maintain and strengthen internal controls.
  • Performed audits of operational and financial areas to check compliance.
  • Maintained relationships with key stakeholders, clients, and customers to ensure satisfaction with services provided.
  • Was also involved alongwith the Senior Partner of the region for the administration of the regional offices.
  • Have been instrumental on creation of a number of formats for the firm
  • Developed training materials for staff members in order to improve their skillset related to client relations management .
  • Participated in industry-related meetings and conferences in order to stay up-to-date on current trends within the field.
  • Ensured compliance with industry regulations and company policies.
  • Supported efficient accounting operations with high-quality administrative support.

Audit Manager

R.G.N. Price & Associates
Mumbai
05.2002 - 08.2011
  • Reviewed client data for accuracy and completeness in accordance with Generally Accepted Accounting Principles.
  • Evaluated internal control systems for adequacy and effectiveness.
  • Evaluated operational efficiency by reviewing current systems, processes, documents, records.
  • Documented test results from audit fieldwork including conclusions drawn from the tests performed.
  • Provided training to staff members on accounting principles, procedures, and best practices.
  • Assisted in developing new policies and procedures designed to enhance internal controls.
  • Reviewed of financial statements prepared by the clients.
  • Managed a team of auditors to ensure timely completion of projects.
  • Identified areas of potential risk and provided recommendations for corrective action plans.
  • Participated in special projects such as due diligence engagements or fraud investigations.
  • Advised senior management regarding potential risks associated with certain transactions or activities.
  • Conducted risk-based audits to evaluate internal controls, compliance with laws and regulations, and accuracy of financial statements.
  • Analyzed complex financial information related to client operations and offered solutions for improvement.
  • Developed audit programs to assess the effectiveness of processes within the organization.
  • Participated in special projects as assigned by the senior management of the firm.
  • Prepared detailed reports summarizing audit results and findings.
  • Ensured that all audit activities were conducted in accordance with professional standards.
  • Applied audit fundamentals to identify risks and develop action plans.
  • Assessed compliance risk, developed audit work plans and documented findings.
  • Adhered to audit principles, standards and practices to keep company in good standing.
  • Analyzed account books for accuracy and efficiency.
  • Directed completion of planned audits, assessed records and procedures for accuracy to accomplish objectives and appraised policies and plans under audit review.
  • Met with stakeholders to discuss compliance audit plans and results, explaining options for improvement.
  • Communicated audit plans to executive management team.
  • Made recommendations to resolve audit findings.
  • Managed completion of planned audits, reviewed records, and procedures for accuracy to accomplish objectives and appraised policies and plans under audit review.
  • Collected and analyzed audit data to identify improvements for controls and compliance.
  • Conducted audits on internal controls and developed reports on findings.
  • Organized and deployed resources to execute audit plans.
  • Presented audit results to client teams, delivering information in non-technical terms for easy understanding.
  • Diminished financial discrepancies and accurately reconciled accounts using detailed data analysis results.
  • Performed audits of operational and financial areas to check compliance.
  • Researched changes in laws to maintain adherence to financial regulations.
  • Designed internal control policies to improve effectiveness of the audit procedures.

Audit Assistant

R.G.N. Price & Associates
Mumbai
08.2000 - 04.2002
  • Assisted with the preparation of audit working papers, including gathering supporting documentation for testing purposes.
  • Drafted summary memos describing audit findings, conclusions, and recommendations for management review.
  • Conducted audit tests to evaluate internal control systems and assessed accuracy of financial records.
  • Collaborated with other members of the team in order to complete assigned tasks efficiently.
  • Reviewed financial statements for accuracy and compliance with applicable regulations.
  • Performed tests of transactions and balances to verify the integrity and accuracy of financial information.
  • Provided support in the follow-up on the implementation of audit recommendations and corrective actions.
  • Assisted in planning and conducting audits of company accounts and financial transactions.
  • Assisted in the analysis of operational and financial data during audit projects.
  • Participated in the development of audit plans and schedules based on risk assessment outcomes.
  • Ensured all audit work is conducted in accordance with established professional standards and guidelines.
  • Participated in meetings with clients to discuss audit processes and findings.
  • Performed audits of operational and financial areas to check compliance.
  • Presented audit results to management teams, delivering information in non-technical terms for easy understanding.

Education

Certificate Course of IFRS -

Institute of Chartered Accountants of India
India
01-2015

Chartered Accountancy - Financial Accounting & Audit

Institute of Chartered Accountants of India
Mumbai
05-2002

Bachelor of Commerce - Accounting And Finance

Mulund College of Commerce
Mumbai
03-1998

Higher Secondary Education - Commerce

Mulund College of Commerce
Mumbai
03-1995

Secondary Education (SSC) -

Udayachal High School
Mumbai
03-1993

Skills

  • Internal auditing
  • Risk assessment
  • Internal controls
  • Data analysis
  • Process improvement
  • Regulatory compliance
  • Fraud investigation
  • Financial reporting
  • Documentation and reporting
  • Data-driven decision making
  • Troubleshooting and problem resolution
  • Attention to detail
  • Team development
  • Team leadership
  • Project management
  • Quality assurance
  • Budget administration
  • Idea development and brainstorming
  • Problem-solving aptitude
  • Analytical skills
  • Administration and reporting

Affiliations

  • I was a Boy Scout during my schooldays.
  • I love to travel and visit new places
  • I also prefer to keep myself fit through exercise
  • I have also been a Rotarian for part of my life and have been involved in various projects, including providing a mobile blood bank for a hospital, undertaking blood donation drives, helping organize a World Congress of E-Clubs by my Rotary Club, and other activities

Languages

English
Advanced (C1)
C1
Hindi
Upper Intermediate (B2)
B2
Marathi
Upper Intermediate (B2)
B2

Accomplishments

  • I have been awarded a certificate by the Royal Commonwealth Society for an essay competition in my schooldays

References

References available upon request.

Timeline

Senior Manager Assurance

Natvarlal Vepari & Co.
02.2023 - Current

Partner

R.G.N. Price & Associates
09.2011 - 04.2022

Audit Manager

R.G.N. Price & Associates
05.2002 - 08.2011

Audit Assistant

R.G.N. Price & Associates
08.2000 - 04.2002

Certificate Course of IFRS -

Institute of Chartered Accountants of India

Chartered Accountancy - Financial Accounting & Audit

Institute of Chartered Accountants of India

Bachelor of Commerce - Accounting And Finance

Mulund College of Commerce

Higher Secondary Education - Commerce

Mulund College of Commerce

Secondary Education (SSC) -

Udayachal High School

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Sanjeev Panchal