Tushar Shoorkar

• · Plan, lead and deliver audit engagements focused on process and internal control improvements for established entities in steel, auto-component and equipment manufacturing.

• · Perform walkthroughs, prepare risk control matrix, identify process gaps, analyze root cause with process owners and present recommendations in form of audit report.

Highlights:

• · Recommended improvements in rate negotiation process leading to reduction in contractual costs by 10 to 15% across material handling and management contracts.

• · Implemented process for periodic reconciliation of price amendments by customers to identify potential cases of recovery and provisioning. (Identified unreconciled provisions worth INR 70 million)

• · Presented a detailed report incorporating root causes and action plans for monitoring spike in inventory levels at a pump manufacturer.

• · Recommended strengthening HR policies around punching and regularization of attendance for an entity with 500 on-roll employees.

• · Performed legal compliances review covering 20 statutory acts & rules under Environment, Health & Safety domain. Reported 164 instances of non-compliances with penalties ranging up to INR 0.1 mil for each instance.

• · Perform internal audit and control testing for P2P, O2C, Inventory, Production processes for entities in manufacturing sector.

Highlights:

• · Delegated with the responsibility to perform OPEX audits and book- closure activities (monthly and quarterly) including expense provisioning, balance confirmations, GST preparations, payroll finalization, stock counts and inventory adjustments.

• · Presented reports highlighting audit findings and improvements to the CFO.

• · Optimized inventory management & ordering cycle for 100+ consumables by studying consumption pattern & fixation of re-order levels.

• · Spearheaded the process of ERP Implementation & migrated the manual processes of commercial & stores department within a period of 4 months.

• · Trained & monitored an offshore accounts team responsible for Payable Accounting for group company.