Nitin Bagri Email & Phone Number

United Arab Emirates

Abu Dhabi, United Arab Emirates

● Preparing Risk Based Audit plan & Annual IA Budget and presented to Management.● Managing audit assignments for Real Estate, Construction, Manufacturing, Food & Beverage, Facilities Management and Money Exchange Business.● Leading a team of 2 internal auditors in conducting risk assessments and executing audits to ensure compliance with regulatory requirements and internal policies.● Reviewing purchase orders prior to release to ensure adherence with policy at group level.● Performing process review for Real Estate, Food & Beverage business and Money Exchange business.● Reviewing Delegation of Authority, policy and SOP for Food and Beverage, real estate and automotive business.● Identified cost savings of AED 400K in staff meal expenses & AED 800K in procurement process.● Led the team for audit of business processes such as Finance, Fixed asset, Procurement, Facilties Management, Contract Management, Central Kitchen accross businesses. ● Led a team for process review & suggested improvement for Procurement and Credit Control Department at group level.

Abu Dhabi, United Arab Emirates

Dubai, United Arab Emirates

➢ Prepared the Annual Audit Plan with allocation of man-hours in each assignment and presented to Audit Committee for approval.➢ Identified overstatement of revenue to the tune of USD 1.7M for a contracting business.➢ Presenting to Audit Committee quarterly updates on status of audits, manpower utilization, recommendation status, etc.➢ Performed review of Inventory, Bidding & Estimation, Project Management Cash & Bank, Procure to payment, Manufacturing and Sales process.➢ Reviewed Group's strategy and progress on implementation of Shared Services Department including initiatives for automation of Accounts Payable process.➢ Performing follow-up to verify the status of implementation of open observations.

Dubai

➢ Developed Risk and Control Matrix for business in car hire, commodity trading, contracting, real estate leasing and development, facilities management, ready-mix, exchange house and retail business.➢ Led the team for Investigation of Scrap Disposal for a Manufacturing Entity➢ Identified cost saving potential of USD 1 Million by discovering opportunities to amend transportation agreements.➢ Identified under provision in end of service benefits thereby helping in proper presentation of financial statements.➢ Performed audit of processes such as Inventory Control, Procure to Pay, Sales, Contract Management, Project Management, Finance, HR Administration and Payroll, Operations and Logistics.➢ Performing follow up reviews to verify the status of implementation and verify those implemented.

Dubai, United Arab Emirates

➢ Reviewing draft policies from internal controls perspective➢ Developed the draft IA manual, in line with the standards laid down by IIA.➢ Secured cost savings up to USD 700K by identifying loopholes in Procurement and HR Function➢ Processes covered: Performed audit of processes such as Inventory Control, Procure to Pay, Sales, Finance and HR Administration and Payroll.➢ Performing follow up reviews to verify the status of implementation and verify those implemented.➢ Part of VAT implementation and compliance team for the entire group.

Kolkata, West Bengal, India

➢ Identified cost savings potential of up to USD 400K in Inventory Control.➢ Internal Audit: Performed internal audits under the guidance of project Manager which included planning the audit, preparation of checklist, performing audit field work, data analysis and preparation of draft audit report.➢ Processes Covered: Performed audit of processes such as Procure to Pay, Stores and Inventory Management, Fuel Management-Coal, Metering, Billing and Collection for Electricity Utility, Treasury and Fixed Asset.➢ Fraud Investigation: Performed investigation for an NBFC involving areas of Sales, Collections and operation.➢ Internal Control over Financial Reporting: Developed Internal Financial Control for key business processes (which included preparing RCM, Flowcharts, Narratives, identifying gaps and helping clients remediate the same).

Kolkata, West Bengal, India

➢ Statutory Audit and Stock Audit for leading players in eastern India across diversified industries such as Jewelry, Tea estate and FMCG. ➢ Income Tax E-Filing, Annual Return Filing and Formation of New Company with Registrar of Companies.

Chartered Accountant, Accounting

Bachelor'S Degree, Accounting And Finance, A

Higher Secondary, Isc, Business/Commerce, General, A