Sowmya R Email and Phone Number
Internal Audit professional with 7+ years of experience in the domain. Currently working as a Lead Internal Auditor at Nokia where i lead teams of 3-5 individuals in a multicultural environment across the globe while ensuring quality end deliverables and adherence to project timelines. As part of my role, I have led audits on-site in the Europe, UK, Africa, and Asia Pacific regions.The audits were in areas such as Order to cash, Source to Pay, Record to Report, HR, Payroll, Country specific fraud investigation reviews. I also have experience in niche areas such as ESG (Environment Social Governance) controls review, Channel Partner management, Lease accounting, Insurance, Material requirement planning, Factor/R&D center audits etc.I am involved in planning, allocating audit areas, taking decisions, and mentoring/ providing downward feedback to team members while engaging in challenging discussions with executive management to align on root causes and required actions related to the audit. I have experience in drafting audit reports that highlight the observation, potential risk, and action plan to mitigate the same. My previous work experience was with Ernst and Young (India) in the Risk Advisory team. Here I worked with 9 + clients and performed 20+ Internal Audit reviews across the Manufacturing, Pharmaceutical, FMCG, and Technology sectors. My clients included Indian-listed companies and MNCs. I have also been involved in the preparation of audit committee presentations and business proposal documents.Feel free to connect with me - r.sowm08ya@gmail.com
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Lead Internal AuditorNokia Oct 2022 - Present1. Led audits across Nokia offices in the Europe, UK, Africa and Asia Pacific regions2. Involved in managing teams of 3-5 individuals across multiple geographies/cultures3. Assisted Directors/Managers in planning for audits. Led the risk assessment, test steps creation process and engagement with various stakeholders. Involved in coaching team members and providing downward feedback.4. Involved in Factory, Research & Development Center, Global Delivery Center and Real Estate Operations (IFRS-16 Compliances)5. Involved in reviewing Partner Discounting Model and recommending improvements on transparency of Competitive Additional Discounts.6. Led a review focussed on assessment of ESG (Environment Social Governance) SOX Controls at a design and performance level 7. Reviewed co-employment risk and suggested improvements in-relation to management of Subcontractors and External Temporary Labour8. Reviewed entity closure process which included reviewing financial status of dormant entities, assets/ liabilities and off balance sheet items validation and the risk associated with taking over the financial and legal ramp down activities to ensure they are properly provisioned .7. Led a pilot project for an audit management system on a power app's based system covering audit execution, project management, report/work paper creation and approval process. This is used by 40+ team members across 5-6 monthly audits. Provided department-wide trainings on usage of this system.8. Mentored 20+ new joiners in the team ( with 1-2 prior years of experience in Internal Audit) and coached them on Nokia key process and tools, audit performance, risk-assessment, testing process, project management during an audit, drafting reports and how to engage with multiple stakeholders in-order to align on actions.10. Learning through trainings and certifications in various topics such as ESG and Lean Six Sigma Green Belt. -
Senior Internal AuditorNokia Jul 2022 - Oct 2022Involved in multiple new audit areas, worked as a lead in training ( supporting the lead in managing audits), mentoring new joiners and completion of the Certified Internal Auditor (CIA) course -
Internal AuditorNokia Jan 2021 - Jun 2022Gurugram, Haryana, India1. 12+ audits across various scope areas, countries, and with team members from across the Globe.2. Pioneered the Anti-Bribery Anti Corruption (Fraud risk) audit reviews at Nokia across various locations such as India, Indonesia, Philippines, and Thailand. I have been involved in the planning, and creation of an in-depth concept document covering the process to be followed, selection methodology, interview questionnaires, and testing process across areas such as Vendor Management, Commercial Third Parties, Employee expenses (Gift, Travel and Entertainment expenses), Conflict of Interest and Governance around these areas.3. Payroll and HR audits in India4. Channel Partner Management audit in China5. 6+ B2B Project audits across multiple business groups covering customer contracting/ internal approvals, financials reporting/management ( review of accruals, deferrals, manual journal entries, revenue recognition, order intake/backlog etc) and project execution areas.6. Department-wide training on audit-specific topics7. Development of Power BI dashboard to highlight issues related to Employee expenses claims in travel and entertainment.8. Recognised with awards for providing trainings and contributing to 6+ department specific initiatives in my first 1.5 years at Nokia. 7. Recognised with awards for developing and improving the testing process, creating a concept document and contributing in preparing of audit committee presentations around Anti-Bribery Anti Corruption Audits -
ConsultantEy Oct 2018 - Dec 2020Gurugram, Haryana, India1. Worked on audit committee presentations and business proposal documents for multiple clients across industries2. Material Requirement Planning audit covering EOQ and safety stock planning and utilization at an Indian Pharmaceutical listed company3. Payroll audit covering Payroll master creation, updates, approval, benefits processing and full and final settlement process for an Entertainment company.4. Worked on third-party reviews at Multinational technology company where I was part of the partner compliance team to check terms of the agreement with the partner, terms in the PO and Invoice , transparency of discounting process followed by the partner with the end customer.5. Executed and mentored new joiners on audits in Corporate Social Responsibility and Crèche Management ( covering maternity benefits act) -
Associate ConsultantEy Jun 2017 - Oct 2018Bengaluru, Karnataka, India1. 10+ Internal Audit reviews across FMCG, Electrical Products, Textile and Paint Production companies.2. My experience involved audit execution at plant locations in various cities of India such as Madurai, Perundurai, Pondicherry, Rudrapur and Gwalior.3. Sole responsibility for execution, discussions and drafting reports for audits across various clients.4. Worked on factory audits covering planning, production, defects generation, storage, logistics, payroll and financial statement closing procedures.5. On-site audits related to Environment, Health and Safety compliances and Factories Act .6. Order to Cash process reviews for two FMCG companies 7. GST post-implementation review at a Textile production plant8. Internal Financial Controls testing and Physical Verification at warehouse locations for Electrical Products company.9. Secondary logistics review at a Paint Production Plant10. Recognised with Kudos award for adding value through creation of test procedures through understanding of the law which helped to highlight multiple high-risk issues with respect to Environment Health Safety (EHS) which was a new area of audit for the team. -
Mba Summer InternEy Feb 2016 - Apr 2016Gurugram, Haryana, IndiaSupported the transfer pricing team at EY during this Internship.
Sowmya R Education Details
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Master Of Business Administration - Mba, Finance (Full Time) -
Commerce (Honours) (Full Time)
Frequently Asked Questions about Sowmya R
What company does Sowmya R work for?
Sowmya R works for Nokia
What is Sowmya R's role at the current company?
Sowmya R's current role is Lead Internal Auditor | Nokia | Ex-EY | MBA | CIA.
What schools did Sowmya R attend?
Sowmya R attended Ibs Hyderabad, Delhi University, Indian School Muscat.
Who are Sowmya R's colleagues?
Sowmya R's colleagues are Buket Nur Yüksel Ayna, Viney Verma, Bhupender Kumar, Joyce Li, Pedro Henrique Borges Bispo, Conun_5289 Physics, Pawan G..
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