Nikhil Vyapari

Work History

Head, Internal Audit

Al-Rashid Group

, Bahrain

12.2014 - Current

Profile (FP&A, , Legal & Loss Prevention)
Budgeting and monthly MIS
Review and analysis of monthly management reporting for financial
Variance analysis and investigating reasons for monthly Budget Vs actuals and with Last year
Plan and schedule risk based internal audit for Retail Store operations as per directives of Corporate audit
Support month-end closing by ensuring that all expenses and provisions are booked to appropriate Accounts
Review of Monthly audits for retail stores operations and consolidation of open issues reported therein
Consolidation, escalation & closure of key audit issues based on the review conducted
Formulating standard operating procedures for key business areas and recommending changes to Management from time to time
Working closely with Store operations for formulating variance reduction plan and scheduling perpetual inventory
Preparation of stock audit reports for the half yearly and annual stock counts
Fraud investigation and ensuring proper controls in place
Working on retail data analysis to identify suspected transactions, non compliances against SOP and release dashboard to management
Assisting Finance Team on Budgeting & Forecasting
Preparation of Financial statement for Subsidiary companies
Quotation comparison for Projects BOQ, Vendor selection and also negotiations with vendors
Preparation of Letter of Acceptance and other legal agreements as per guidelines issued by Corporate legal department
Preparation of quarterly legal compliance report
Tracking of audit issues with closure status and updating the same in monthly tracker
Making legal agreement as per requirement of various stake holders

Deputy Manager

Trent Limited

02.2007 - 12.2014

Assisting in preparation of Audit calendar for the year
Conducting audit of various departments like Store Operations, Projects, Marketing, Buying, Merchandising, Finance & Accounts, Administration, Institutional Business etc
Conducting Thematic audits based on business requirement
Performed two rounds of Process audit for Westside stores which involved measuring stores performance based on selected parameters for specified processes
Preparation of the Draft report and discussion of the same with auditees
Follow up of replies for audit reports
Discussion of Final audits reports with concerned head
Tracking of audit issues with closure status and updating the same in monthly tracker
Preparation of Risk based internal controls checklist for Store Operations and communicating the same to audit firms pan India
Quality monitoring in Internal audit reports conducted by audit firms
Consolidation and escalation of key issues to Head of Operations
Internal audit for Finance & Accounts function for subsidiaries (Trent Hypermarket ltd., and Fiora Services ltd.)
Conducting Fraud investigation and other special assignment given by the management
Assisted in preparation of Risk Register
Assisting in preparation of IA budget
Periodically tracking IA budget versus spends and assisting Accounts team on quarterly basis in provisioning for IA fees
Additional responsibilities:
Reparation of monthly MIS for Human Resource Function
Sanction & Disbursement of Loan in adherence to Company Loan policy
Review of existing HR policies
Continuous audit for Recruitment and Exist process
Agreement with Expats and other consultants
Worked closely with Marketing function for rate benchmarking activity
Eview of SAP controls with internal audit perspective
Using reports from Business warehouse for inventory ageing & category wise sales
Carried on special assignment to identify gap in MRP as per SAP & POS and identification of merchandise sold at lesser price
Analysis of negative inventory
Category wise Shrinkage analysis
Vendor Master analysis and also ensuring adherence to payment terms

Muzumdar Audit Associate

M/s Borkar

05.2004 - 02.2007

Special assignment for Fees Committee which involved estimation of Fees to be charged by medical & engineering colleges
Special assignment for SU-UTI under directions of SEBI which involved verification of transactions in primary & secondary market for equities and debt market

M/s R.Sundaresan Aiyar & Co

02.1999 - 02.2002

Run through for SOX compliance for ICICI bank
Special assignment for Indian Oil Corporation for reconciliation of Customer ledger for various depots
Company formation and registration of firms
Statutory audits for various private limited companies and co-operative societies
Accounts writing for private limited companies and trusts
Computation and preparation of Income tax returns for individuals & professionals

Overview

Work History

Head, Internal Audit

Deputy Manager

Muzumdar Audit Associate

Education

Ph.D. - Accounting, Finance, Internal Audit

B.Com - Accounts

H.S.C - Accounts

S.S.C -

Skills

Work Availability

Timeline

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