Jeethender Kumarikunta

Experience

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  Varma & Varma, Chartered Accountants

  Sept 2011 - Sept 2014

  Articled Assitant

  • Statutory audits of Public sector undertakings and communicating with the C & AG dept.• Worked as a Team member in Transfer Pricing• Worked as a Team member in ABC Audit(Audit bureau of Circulation) of EENADU News paper• Worked as a Team member in Debtors evaluation of Canara bank Stock Audit.• Accounting in Tally for TMC India Private Ltd including Preparation of Financials, 15CB Certificates & 15CA for remittances to parent company in Italy and verification of FIRC’S • Preparation of financials in ITALY Reporting package.• Tax planning and preparation of Salary structure for employees.• Verification of collection of lease rentals as per the agreements.• Verification of drafting of Lease agreements and interpretation of clauses incorporated in the agreement.• Compliance of AS-19 with respect to disclosure of assets under lease.• Verification of KYC Norms• Compliance with FEMA Act for transactions made under SWIFT.• Verification of transactions under Money Gram & Xpress Money• Physical verification of Stock, verification of Purchases, Sales and Lab reports of a company engaged in the manufacture of Seeds.• Verification of Sales, Journal Vouchers, Credit/Debit Notes, Statutory and compliance with various policies of a company engaged in courier and cargo Services• Verification of Service invoices, Journal Vouchers, Debit/ Credit Notes, Bank Reconciliation, inter branch reconciliation of a Company engaged in Shipping Services and Forwarding Services.• Verification of AMC Contracts and other related documents of a company engaged in manufacturing.• Verification of various internal documents including sales, raw material procurement and preparation of variance analysis for the manufacturing units of a company engaged in manufacture • Preparation of TDS Quarterly returns and Service Tax returns, Corrections in TDS Returns.• Filing of Income Tax Returns.• PAN Applications for NRI Show less

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  Tata Tele Business Services

  Nov 2014 - Dec 2015

  Deputy Manager Finance

  1. Fraud Management, Usage monitoring2. Performing regular Routines and audits3. Handling special projects on revenue assurance 4. Preparing Daily Dashboards, Trend Analysis and MIS on Audits5. Root cause analysis6. Risk based audits7. Special audits/adhoc audits8. Process audits/walk through9. Prepared Revenue Assurance Maturity Model

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  EY

  Dec 2015 - Aug 2016

  Consultant

  • Successfully developed and implemented Risk Control Matrix as per COSO framework for $245 Mn listed companies• Identified lapses such as absence of three-way match in SAP at configuration level and Excess billing by Container freight station vendors.• Provided Guidance and assistance in first time implementation of ICOFR for pharma companies as per Companies Act 2013.• Handled entire audit cycle - Planning to Reporting independently. Prepared audit committee presentations to the Board.• Consistently exceeded expectations of management for quality deliverables and commitment Show less

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  National Institute of Plant Health Management ,Ministry of Agriculture and Farmers Welfare

  Aug 2016 - Apr 2019

  Financial Advisor
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  National Cooperative Development Corporation (NCDC)

  Apr 2019 - Sept 2019

  Assistant Director

  • Recommended for sanction of funds $ 198 Mn by performing project appraisal under various schemes of Government of India for Cooperative Societies.• Preparation of Financial Statements and ensure compliance with applicable tax laws and filing of returns as per Income Tax Act, GST.• Responsible for review of process and implementation of efficient & effective internal controls • Financial concurrence for procurement of goods & services and authorize payments to vendors as per the delegation of financial powers. Member of various tender committees.• Preparation of annual budgetary statements forming part of annual finance budget presented in Parliament. Show less

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  Bharat Heavy Electricals Limited

  Sept 2019 - Apr 2021

  Executive

  • Identified Non billing of $ 1.2 Mn to customers and instances of excess payments to vendor in Annual Maintenance Contract • Conducted regular Internal Audits of all the departments such as Purchase, Production, Outsourcing, Civil, Electrical, IT, HR etc. as per Annual Audit Plan approved by Board Level Audit Committee and Special Audits assigned by the Senior Management.• Performed testing of Internal Controls Over Financial Reporting as per the Companies Act, 2013.

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  Rain Carbon Inc

  May 2021 - Jan 2023

  Deputy Manager

  I performed an audit of the SAP Application, which included a thorough assessment of the SAP configuration and security controls. During the audit, I discovered several access rights issues, conflicts related to Segregation of Duties (SoD), control gaps in the Transport Management System, and lapses in the Change Management process and documentation. Additionally, I conducted an extensive review of manufacturing facilities that specialize in calcined petroleum coke, coal tar pitch, and cement production, located across 8 different countries - India, Germany, Belgium, Poland and Russia. These facilities have a collective turnover of $1.4 billion. During my review, I analyzed various business processes at these manufacturing facilities to identify opportunities for operational effectiveness, cost optimization, and process re-structuring. As a result of my findings, it was necessary to implement appropriate risk reduction measures to ensure compliance with relevant statutes, regulations, and standards. Show less