Karandeep Malik

• Leading ICFR Project for RAKC group and working as FC for its subsidiary Ceramin FZ LLC.
• Consolidating Parent and subsidiary financials as per IFRS and submitting monthly URP
• Oversaw all aspects of month-end close process, ensuring timely completion of accurate financial statements for executive review
• Finalizing IFRS compliant month-end reports for management, including profit and loss statements, balance sheets, and cash flow statements
• Finalizing plant costs and comparing Standard cost vs Actuals material wise.
• Overseeing all financial operations for Shipments like LC documentation, Credit limits etc
• Hedging Fx receivables and payables
• Tracking, reporting, and analyzing budget variances
• Preparing IFRS 9 Financial instruments and IFRS 16 Leases workings
• Recommending changes in policies or procedures that will improve financial performance for both plant admin activities
• Forecasting future financial performance
• Providing accurate financial reports to management
• Ensuring compliance with government regulations
• Streamlined accounting processes for improved efficiency and reduced errors, implementing new software systems.

• Preparing and maintaining statutory books of accounts and reconciliation of financial statements in compliance with norms.
• Submission of GST Returns (GSTR-1, GSTR-3B, GSTR-9 & 9C i.e. Annual Return and Reconciliation statement), discharge liability if any vide DRC-03
• Reconciled Input considered in GSTR-3B with books and GSTR 2B/2A and TDS/TCS reconciliations
• Filing of TDS returns and Income Tax returns

Conducted independent internal audit where scope of work covered mainly:

• Compliance with relevant laws and regulations
• Review transactions to ascertain results are consistent with established scope of work
• Responsible for finding out weakness in records maintained with test check during auditing and suggestions thereof.
• Prepare audit reports for management and if issues were identified, provide recommendations to address same.

• Used accounting software to prepare weekly and monthly financial reports.
• Prepare Financial statements (Balance sheet, P&L etc) of Private companies and Firms
• Prepare and file corporate, personal tax returns
• Conducted Concurrent Audit of Canara Bank for 2 years
• Plan internal bank meetings and oversee financial disclosures
• Make recommendations to management about internal controls, policies and audit triggers
• Calculate individual and corporate tax installments payments
• Train new recruiters and make them understand about work

• Prepared Leadsheets through caseware
• Performed SAP and TOD procedures
• Analyzed complex client problems and generated targeted solutions that resolved outstanding issues while enhancing client business positions.
• Identified audit scope for APC, prepared leadsheets and coordinated with management and audit team in preparing related reports.
• Worked audit engagements for clients in Funds, Real Estate, non-profit,Financial services etc.
• Performed extensive assessments of assets, liabilities and equity to verify accuracy in financial reports.
• Used IDEA and CASEWARE to generate financial reports and facilitate account closing procedures.
• Prepared working papers, reports and supporting documentation for audit findings.
• Identified various risks and errors to propose corrective action to decision makers.