Karan Sachdeva

Experience

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  Grant Thornton LLP (US)

  May 2006 - Jun 2007

  Risk Advisory

  One of two trainees assigned to International Assurance Division amongst a group of 30 articles.- Only article involved in the proposals preparing and client bidding process.- Process understanding & gap analysis to identify & recommend solutions via presentations and reports to senior management.- PepsiCo India Holdings - Sarbanes Oxley compliance of Section 404 - Adequacy of the company’s internal control over financial reporting of Fixed Assets cycle, Inventory to Cost of goods sold cycle, Sales to Collection cycles, Financial Reporting cycle, Purchase to pay cycle.- Baxter India Private Limited – Tested the “As is process” and recommended changes in Standard Operating Procedures for Sales & Distribution cycle via presentations.- Bharti Airtel Assam Circle - Internal Audit - Handled Cash & Bank and Expenses cycles, Genpact - Internal Audit - Handled Payroll cycle. Show less

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  PwC

  Jun 2007 - Sept 2012

  Associate, Transaction Services – Due DiligenceWorked on the following transactions:-o Vendor diligence on Education services providers other businesses comprising of around 20% of its total revenue preparing for a PE investmento Limited scope ‘Carve out deal’ buy out of an Auto components manufacturer’s specific division – covered only Liabilities & Off balance sheet items plus asset leases.o Due diligence for 100% buy out of a ‘Mid size media firm’ operating in the ‘Wellness, Health & Entertainment’ sectors.o Financial diligence on an major education service provider (deal called off in the middle)o 6 Desktop reviews for private equity transactions for various funds operating out of India on publicly listed entities. Diligence was based on the information regarding the probable targets available in the public domain such as annual reports on Company website & analyst reports at Bloomberg terminal etc.o Due diligence for an entity involved in the ‘Solvent Extraction Process (SEP)’ looking for an asset sale (plant & machinery, land and buildings).o Merger of a ‘Mid-size mobile manufacturer company’ with another large mobile company in order to exploit the benefit of set off of profits earned with the accumulated losses appearing in the balance sheet of the merged entity for the past couple of years.o Vendor diligence for an ‘Insulation and Ducting’ manufacturer requiring private equity investment for expansion of its operations from the current levels.o Various proposals for both vendor and financial due diligence.o Taken training's on Working capital analysis & Accounting standard - 21 – Consolidated Financial Statements for the diligence team. Show less Articleship at PWCAssigned to Statutory Audit team to cover Fixed Assets Cycle, Payroll Cycle, Expenses Cycle, Prepaid Expenses, Current Assets Loans & Advances, Other Income and Cash & Bank Cycle for companies across different industries.1. Scrutinized balance sheets and company accounts and documented the same for review by the manager on the assignment.2. Liasoning with various divisions such as Systems Process Assurance(SPA), Tax Department for various issues like ITGC Controls Testing (SPA) and Assessment Status Tracking as well as filling for new assessment for various clients.3. Recognized as key resource on all assignments by seniors and team members with consistent rating of “exceeds expectations”. Given critical areas for handling being an article such as revenue and fixed assets. Learnt the process flow at various clients as well as verified the same were as per the Standard Operating Procedures.Assignments Handled:-1. Manufacturing:- International Tractors Limited (Tractors), Magotteaux Industries Limited (Castings),Jagatjit Industries Limited (Alcoholic beverage – Aristocrat)2. Engineering & Consultancy:- Geodis Overseas Private Limited (Freight Forwarding agent), Saipem Triune Engineering Private Limited (Design & Engineering for Oil & Gas Production), DHV India Private Limited (Multi-Disciplinary like water & sanitation, transport & infrastructure)3. Media:- NDTV and TV Today (Aaj Tak & Headlines Today) Show less

  • Associate

    Sept 2011 - Sept 2012

  • Statutory Audit

    Jun 2007 - Sept 2011
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  Protiviti

  Sept 2012 - Sept 2013

  Senior Consultant

  Involved in areas such as Due Diligence, Valuation, Corporate Finance & Post deal services and Internal audits, Led the on field assignments and handled all the client interaction, Managed teams of consultants & associates on all assignmentsWorked on the following diligence and corporate finance advisory assignments :-1. Strategic buy out of stake in Quick service restaurant chain based out of Mumbai2. Company in real estate based out of Chennai for a PE fund looking for a debt investment3. Identified Companies operating in the O&M sector for Telecom Towers for a 100% buyout/transfer of contracts for services – Conducted meetings and limited diligence procedures on some of the potential investees identified out of approx. 175 companies after rounds of discussions4. Startup venture providing services of training and assessment through high quality learning simulations for an investment by a PE fund5. A Battery parts manufacturer (woven tubular plate active material retainers) for an inbound strategic transactionWorked on the following Internal audits and Process reviews :-1. A Financial Statement Closure process review conducted in South Korea for an Investee of a PE fund operating out of EPC sector2. An internal audit carried out for a warehousing company storing agricultural commodities to cover processes such as Procurement, Finance, Warehousing operations, Collateral management, HR and Payroll Show less

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  SLCM Group / (Kissandhan Agri Financial Services Private Limited )

  Sept 2013 - Sept 2016

  Head of Internal Audit Department

  Internal Audit Controller (25 people) - Handling 101 audits conducted on a monthly basis to ensure the quality & quantity of crop is maintained, warehouses are appropriately covered under insurance, pending dues (rentals and other charges) are received from clients on regular basis, warehouses are fumigated timely to avoid infestation, warehouses are physically audited periodically to note any deviations and take corrective action within TAT, samples are called from warehouses to check for any errors in reporting of moisture and foreign matter etcFinance Controller (7 people) - Preparation of budgets and monthly MIS, Maintaining customer relations, Supplier management, Receivables and the payables management, Conducting variation analysis of monthly MIS with the budgets prepared, Preparation of various reports for review by the board and top management Show less

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  PwC

  Oct 2016 - Aug 2017

  Internal Audit Manager

  During my 1 year at PwC, I carried out internal audits for companies spanning in real estate , oil & gas sectors. The role involved handling a team of professionals (CA,MBAs & graduates) and delivering internal audit assignments across the clients.

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  HSBC

  Sept 2017 - now

  • Responsible for assessment of management awareness and control effectiveness of business risks and controls• Audited primary and secondary markets, across fixed income, equities, foreign exchange, treasury, covering front office, operations, finance, credit and market Risk, financial crime, compliance• Site lead and section lead roles in several high-profile audit reviews, managing team size of 2-3 members• Worked in 10+ countries, including India, UK, Hong Kong, Singapore, Australia, New Zealand, Sri Lanka, Malaysia, Taiwan• Represent audit in management committees, governance forums Show less

  • Global Banking Risk | Senior Audit Manager | Associate Director

    Oct 2022 - now

  • Markets and Security Services (MSS) Audit

    Sept 2017 - Sept 2022
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  Robin Hood Army

  Aug 2019 - Mar 2021

  Member Robin Hood Army