SOMASEKAR REDDY U
Bangalore
Summary
Dynamic Senior Executive with extensive experience in internal and external auditing at Shahi Exports Pvt. Ltd. Proven track record in implementing robust systems and enhancing compliance. Skilled in payroll and inventory audits, with strong decision-making abilities. Committed to driving operational excellence and fostering client relationships for continuous improvement.
Overview
29
29
years of professional experience
Work History
Senior Executive (Role: Manager)
Shahi Exports Pvt. Ltd.
12.2017 - Current
- Vendor Onboarding Approval
- Cheques Control
- Bills Audit
Senior associate
M Bhaskar & Co (Chartered Accountant)
08.2014 - 11.2017
- On assignment basis all kind of audits
Senior associate
Harishkumardogra & Associates (Chartered Accountant)
08.2011 - 07.2014
- As a Team lead for Payroll Audit, TVA (Transaction Verification Audit) EMA (Employee Master Audit), OCR (Order Completion Report) and Inventory Audit for Clients SHAHI Exports Pvt. Ltd. And Richa Global Exports Pvt. Ltd.
Manager
Ken Consulting Ltd.
06.2010 - 08.2011
- As a Team lead for EMA (Employee Master Audit) & OCR (order completion report) for Client SHAHI Exports Pvt. Ltd.
- Sourcing the candidate, Screening the candidate and Giving training to the candidates
- Work allotment to the selected candidate
- Coordinating with the Clients
- Verifying the daily Reports, Escalating the issues to the Client Unit heads & and get the clarifications
- Suggesting Recommendations to client to improve the system With best industrial practices
- Preparing the monthly Report With observations, clarifications and status of the Observation same to be submitting to the client management for their feedback
- Collecting feedback from the Client
Senior Audit Executive
Bombay Rayon Fashions Limited.
08.2007 - 05.2010
- Bombay Rayon is a manufacturing of garments for major brands around the world.
Audit Executive
Bombay Rayon Fashions Limited.
02.1997 - 07.2007
- Auditing Employee Personal files (E-Files), Employee Joining details and data updating in ERP
- Auditing of Pay Roll Computation and Statutory Deductions, Consolidated Salary Abstracts, Salary Cost Sheet & Comparative Statements
- Auditing of statutory records maintain to each and every employee
- Auditing of Full And Final Settlements of Exit Employees, Gratuity Computations and Payments
- Auditing of Unpaid & Unclaimed Payments
- Daily Petty cash Auditing, Monthly Once Main cash Auditing At Head office
- Auditing of Statutory Deductions Remittance And Returns (PF, ESI, PT, LWF)
- TDS Computation & Ensuring the timely deductions and remittance
- Annual Stock Physical verification Yearly Once, Stock Statements Verification Every month
- Physical Verification of Machines, Electricals and Spares Quarterly Once
- Auditing of inventory like Trims And Fabrics
- Auditing of Order Completion Reports, Job work bills (In house and Out house)
- Auditing of monthly utility bills, Contract bills and Production reports
- Auditing of Purchase and Sales Invoices, Credit notes and Debit notes
- Auditing of Diesel Log Books (Generators & Boilers)
- Surprise Checks to ensure alertness of the security Roaming all the factories in Regular Intervals
- Bombay Rayon is a manufacturing of garments for major brands around the world.
Education
Master - commerce
SHIVAJI UNIVERSITY
Kolhapur01.1996
Bachelor - commerce
GULBARGA UNIVERSITY
HOSPET01.1993
PG Diploma -
Computer Management
Skills
- Internal Auditing
- External Auditing
- Implementing systems
- Internal control
- HR Audit
- Payroll Audit
- Accounts Audit
- Inventory Audit
- Compliance
- Goal setting
- Decision making
- Computer Management
- Windows
- MS-Office
- Oracle ERP
- MS-Excel
Personal Information
Date of Birth: 08/01/71
Skill Summary
- Over 28 yrs of experience in Internal and External Auditing. (For Manufacturing Industries)
- Proficiency in conducting Internal and External Audits.
- Implementing systems & internal control of stocks.
- Excellent knowledge in overall HR, Payroll, Accounts and Inventory Audit including compliance.
- Orientation towards setting and achieving set goals.
- Responsible decision maker.
Timeline
Senior Executive (Role: Manager)
Shahi Exports Pvt. Ltd.
12.2017 - Current
Senior associate
M Bhaskar & Co (Chartered Accountant)
08.2014 - 11.2017
Senior associate
Harishkumardogra & Associates (Chartered Accountant)
08.2011 - 07.2014
Manager
Ken Consulting Ltd.
06.2010 - 08.2011
Senior Audit Executive
Bombay Rayon Fashions Limited.
08.2007 - 05.2010
Audit Executive
Bombay Rayon Fashions Limited.
02.1997 - 07.2007
Master - commerce
SHIVAJI UNIVERSITY
Bachelor - commerce
GULBARGA UNIVERSITY
PG Diploma -
Computer Management