Deepak Garg Email & Phone Number

Riyadh, Saudi Arabia

Riyadh, Saudi Arabia

• Leading comprehensive reviews of Corporate & Project functions, instrumental in identifying bottlenecks hindering the achievement of desired objectives and providing invaluable assistance to management in devising effective strategies for resolution.• Spearheaded comprehensive assurance services pertaining to Project estimates, cost dynamics, and cost-to-complete evaluations, meticulously analyzing their consequential impact on ROI and annual financial targets. Together, refined the cost estimation process to enhance accuracy and facilitate collaborative decision-making. •Provided assistance to management in optimizing the Procure-to-Pay cycle, adeptly identifying and addressing numerous process gaps. Collaborated closely with management to develop refined solutions tailored to enhance efficiency and effectiveness across the procurement process.• Delivered assurance services for contracts due diligence, ensuring accurate milestone reporting for proper accounting treatment. • Ensured seamless alignment and bridged gaps within Internal Control over Financial Reporting (ICFR) frameworks between business and finance sectors, adhering to regulatory compliance and financial integrity.• Collaboratively engaged in identifying a preventive and detective control gaps in Financial Integration for cost allocation, liability booking, and payments within SAP HANA at the organizational level. This collaborative effort assisted management by uncovering duplicate payments and liability bookings, contributing to improved financial accuracy and efficiency.• Conducted thorough due diligence on vendors and suppliers, including rigorous Know Your Customer (KYC) compliance checks and effective dispute resolution, fostering robust vendor relationships and safeguarding organizational interests.

Dubai

Joined AG MELCO Elevator CO LLC in June 2018 as ‘Senior Executive’ and was promoted to ‘Manager- in April 2019. Played a pivotal role in overall streamlining of the following business processes: New Sales (Elevator), Modernization and Installation – o Assisted management in identifying critical gap in cost estimation process.o Streamlined billing and revenue recognition cycle by developing the framework aligned to contractual milestones.o Revamped cost booking process in projects which curtailed the incorrect inter project cost booking and introduced escalation mechanism by linking cost booking with percentage of completion, management receives timely alerts on triggering of set parameters. o Assisted management in improving the process associated with allocation of labor hours, material issuance and snag reporting and assisted in Implementation of effective budget controls. Maintenance and Repair –o Assisted management in a thorough revamp of the entire Maintenance Contract cycle including establishing alert and escalation mechanism at each stage of contract life cycle. o Assisted Management in identifying and addressing issues concerning over deferred revenue and Billing.o Successfully established preventive controls to mitigate the cases of revenue leakages.o Assisted management in establishing robust preventive and detective control framework over receivable collection including effective collaboration between multiple stakeholders.Other Processo Treasury - Provided invaluable support to management by Refining Treasury Process and enhancing revenue generation through utilization of idle funds.o Procurement – Assisted Management in developing the alternate procurement sources from OEM from South Asian countries.o ERP – Assisted management in developing preventive systems controls over procurement, Finance, and Operations wherein system controls can be implemented.

Dubai, United Arab Emirates

Sultanate Of Oman

• Reviewed business processes at a company level to identify the opportunities for improvement, enhancing revenue, reducing costs and improving internal controls to enhance efficiency and effectiveness of operations and strategies.• Managed the team on the field by monitoring and controlling the progress of the assessment.• Draft the Reports based on the issues identified, establishing the risks involved and recommending mitigating controls as per the best practices and industry norms.• Followed-up with the Management to obtain the action plans, responsibility, and timelines for implementation to address the risks identified during the review.• Prepared Executive Summary Reports for the Senior Management based on the Assignment carried out.• Assisted management in discovering crucial gaps, flagging red flags for potential fraud, and uncovering avenues for cost-saving opportunities, such as unauthorized discounts and fictitious revenue recorded instead of receiving incentives from the Board, amounting to (USD XM). Furthermore, identified instances of fraud in procurement, leading to potential additional savings of (USD XM).

Mumbai

I had joined KPMG in March 2014 as ‘Executive’ and promoted to ‘Senior Executive’ in March 2015.• Led teams and independently conducted various Assurance engagements, internal financial controls review for companies in various sectors including Manufacturing, Aviation, Infrastructure, and Logistics.• Core team member in conducting the Internal Financial Control (IFC) assessment for various clients which involved Process Understanding, preparation of risk and control matrix along with preparation of process flow charts for key areas such as Procurement, Inventory, Human Resource and Payroll, Finance and Accounts, Treasury, Order to Cash, etc., conducting test of design (TOD)and Test of Efficiency (TOE) and discussions on the gaps noted and remediation plans with the representatives of the senior management. • Prepared the detailed risk registers and process flow charts for the Aviation, Logistic and Manufacturing clients.• Identified revenue leakages, preventable losses totaling (USD XM), and instances of fraud within the Procurement to Payment cycle through meticulous process review, document analysis, and data examination. Additionally, supervised a team in preparing comprehensive flowcharts and risk registers for a logistics company, resulting in the team being honored with the prestigious "Super Team Award" for their effective execution of the engagement. This exemplary performance led to a promotion within one year, reflecting consistent outstanding performance and deliverables.

Mumbai Area, India

Pune

• Carried out process-based Risk assessments independently and reported the internal audit issues to the CFO/MD.• Identified checkpoints for manual intervention to reduce potential human errors in the system which helped in improvising the business processes.• Mapped and developed SOPs for account payables, debtors, bank reconciliation process in line with best industry practices.• Guided team member for preparation of Credit Policy and Incentive Scheme for debtors.• Played the role of coordinator for liaising with the External and Internal Auditor

India

Master'S Degree, Accounting And Finance

Bachelor'S Degree, Finance, General