Amit Chandak

Amit Chandak Email and Phone Number

Head - Divisional Audit, ITC Hotels with 20+ years of experience in Financial Planning & Analysis, Internal Auditing, Preparation of Financial Statements, Business Finance and Controllership. @ ITC Hotels
india
Amit Chandak's Location
Gurugram, Haryana, India, India
About Amit Chandak

A transformational, people leader with wide experience in financial and accounting operations, internal auditing, business finance and controllership, preparation and consolidation of financial statements, team management and leadership including review of accounts, finalization of books for reporting, audit and tax filings and so on. I enable businesses to be more successful and profitable and being a catalyst for positive risk culture and change. I bring out the best in people and helps businesses to be more responsive to risk and to thrive.Currently heading, Divisional Audit at ITC Hotels, a division of ITC, an Indian Conglomerate, having a diversified presence in FMCG, Hotels, Packaging, Paperboards, Speciality Papers and Agri-business.I am a qualified Chartered Accountant, Company Secretary, Cost & Works Accountant and my career has spanned more than 20 years at ITC. Skills, Experience and Accomplishments.Devised and implemented policies and procedures such as Pricing Policy, Credit Policy, Discount Policy, Taxes, Purchasing, and so on for excellent organizational performance in terms of profitability.Rich knowledge of latest financial tools including working knowledge of SAP; assessed prevailing corporate environments by reviewing and enhancing all accounting procedures. Merit of being national finalist at a Television Programme called ‘Hunt for India's Smart Investor’ organized by Zee Business and Reliance Money in August 2009

Amit Chandak's Current Company Details
ITC Hotels

Itc Hotels

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Head - Divisional Audit, ITC Hotels with 20+ years of experience in Financial Planning & Analysis, Internal Auditing, Preparation of Financial Statements, Business Finance and Controllership.
india
Website:
itchotels.in
Employees:
3958
Amit Chandak Work Experience Details
  • Itc Hotels
    Head Divisional Audit
    Itc Hotels Feb 2021 - Present
    Gurugram, Haryana, India
    Reframed SOPs for all the functions to enhance organizational effectiveness. Assessed effectiveness regarding internal control policies of Hotels and ensured best practice change by utilizing root cause analysis. Auditing and gauging the effectiveness of divisional policies, procedures, by which an organization’s financial, operational, and informational processes are managed. Strengthening the systems across Hotel properties and ensuring that the systems are implemented uniformly across the Units. Interacting with functional heads/CEO and EVP Finance for implementation of audit recommendations. Framing and Monitoring the Risk Management Policies of the Division in line with the requirement of Statutes. Training and Recruitment of the new finance professionals joining inboard–CAs and CMAs.
  • Itc Limited
    Corporate Audit Manager
    Itc Limited Jan 2019 - Jan 2021
    Kolkata, West Bengal, India
    Formulated new policies and procedures; drove cost reduction initiatives through proper control, process & efficiency improvements, productivity and resource management with focus on profitability improvements. Assessed effectiveness regarding internal control policies and ensured best practice change by utilizing root cause analysis program of audit results. Audited and gauged the effectiveness of corporate policies, procedures, and standards by which an organization’s financial, operational, and informational processes are managed. Reviewed and approached processes from a broad perspective, as they pertain to the organization’s strategic position. Managed Internal Control-covering diverse businesses, process mapping and improvement, assessment and revamp of control systems.
  • Itc Hotels
    Head Divisional Accounting
    Itc Hotels Feb 2017 - Dec 2018
    Gurugram, Haryana, India
    Developed annual financial plans for the Division. Managed quarterly and annual statutory audits and interacted with Auditors. Recognized for managing standalone financial statements of subsidiary companies on ITC Ltd. Resolved pending legal cases direct and indirect taxation matters of the division. Engaged in managing the structuring, consolidation, and analysis of financial data; formulated budgets, forecasts and other financial reports. Created detailed income & expense summary, P&L charts, and other ad hoc financial reports. Recruited more qualified accounting staff, emphasizing on increased training and improving morale amongst staff. Spearheaded, mentored & monitored the performance of team members to ensure efficiency in process operations. Managed tendering and commercial negotiations as part of purchase functions.
  • Srinivasa Resorts Ltd. - Subsidiary Of Itc Ltd.
    Chief Financial Officer And Company Secretary
    Srinivasa Resorts Ltd. - Subsidiary Of Itc Ltd. Jan 2013 - Jan 2017
    Hyderabad, Telangana, India
    Steered overall finance & accounting operations, treasury, cash flow, and audits for the organization including collections, purchase, contract compliance, receivables, disbursements, employee payroll, fixed assets and inventory. Applied advanced skills in financial analysis such as budget setting, expense variance analysis &; investigated & resolved potential revenue leakage areas. Resolved numerous pending legal, statutory, direct and indirect tax cases; Supervising all financial transactions, reporting and policies such as:General Ledger account transactions and reconciliations prepared by accounting staff.Fixed asset management and depreciation schedules.Monthly variance reports for the service and operations departments.Overall, Statutory Returns and Compliances.External audit information requirements for timely completion of audit schedules.Attended board and committee meetings including Audit Committee as Company Secretary; designed and implemented systems, policies & procedures to facilitate internal control.Successfully resolved Sales Tax, Customs, Excise & Service Tax related issues and settling the disputes.
  • Itc Hotels
    Project Controller
    Itc Hotels Jan 2012 - Dec 2012
    Hyderabad, Telangana, India
    Liaised with various authorities for approvals for the project; prepared tenders and managed negotiation with various contractors. Recognized for setting systems to implement statutory compliances including labour laws.
  • Itc Agri Business Division
    Business Financial Controller
    Itc Agri Business Division Mar 2009 - Jan 2012
    Hyderabad, Telangana, India
    Worked as Finance Head for Retail Business of ITC – Choupal Saagars and Rural Marketing at Hyderabad. Ensured internal controls and processes across the 24 stores; developed processes for minimizing wastages and shrinkages at the retail stores. Successfully assisted the Business Team in moving towards consignment model for retail business thereby reducing working capital cycle.
  • Itc Agri Business Division
    Business Financial Controller
    Itc Agri Business Division Jan 2007 - Feb 2009
    Hyderabad, Telangana, India
    Led Finance function for Coffee, Spices, Food Processing and Value Added Products.Assisted the Business Team to identify new business opportunities and prepared business model for the same
  • Itc Agri Business Division
    Manager Financial Accounting
    Itc Agri Business Division Jul 2005 - Dec 2006
    Hyderabad, Telangana, India
    Successfully implemented ERP system across the division and managed consolidation of accounts.
  • Itc Limited
    Internal Auditor
    Itc Limited Jan 2003 - Jun 2005
    Kolkata, West Bengal, India
    Conducted and executed audits across various Divisions of ITC; interacted with the Steering Committees of various Divisions.
  • Pepsico
    Financial Planning Analyst
    Pepsico May 2001 - Dec 2002
    Kolkata, West Bengal, India
  • Eveready Industries India Ltd
    Internal Auditor
    Eveready Industries India Ltd Dec 2000 - Apr 2001
    Kolkata, West Bengal, India

Amit Chandak Education Details

Frequently Asked Questions about Amit Chandak

What company does Amit Chandak work for?

Amit Chandak works for Itc Hotels

What is Amit Chandak's role at the current company?

Amit Chandak's current role is Head - Divisional Audit, ITC Hotels with 20+ years of experience in Financial Planning & Analysis, Internal Auditing, Preparation of Financial Statements, Business Finance and Controllership..

What schools did Amit Chandak attend?

Amit Chandak attended The Institute Of Chartered Accountants Of India, Institute Of Cost Accountants Of India, The Institute Of Company Secretaries Of India, St. Xavier's College (Autonomous), Kolkata.

Who are Amit Chandak's colleagues?

Amit Chandak's colleagues are Dhirendra Singh Koranga, Sahil Guleria, Nirmal Perera, Seshu Pavan, Sonam Gurung, Vikrant Dhingra, Ankush Vyas.

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