Madhura Khire

Preparation of Financial Statements:

• Prepared annual financial statements along with schedules in IGAAP and Ind-AS.
• Handled end-to-end statutory audit, including the first-time adoption of Ind-AS for Mar-23 from IGAAP (conversion).

Audit Coordination

• Coordinated with statutory auditors for quarterly limited reviews and annual audits.
• Managed end-to-end coordination with internal auditors from the kick-off meeting to report finalization.

Management Information Systems (MIS)

• Consolidated monthly and quarterly MIS for operational performance
• Performed variance analysis for P&L (Budget vs. Actual), CAPEX reports, cash flow forecasting, aging analysis, flash reports, etc.

Standard Operating Procedures (SOPs) Drafted and implemented SOPs for core areas such as Procurement to Payment, Inventory Management, Order to Cash, Fixed Assets, Production and Control
Contact Management Systems

Additional Responsibilities: Assisted in due diligence, credit rating, borrowings, and insurance renewals.

• Review of agreement with the client, fulfillment of terms and conditions of the agreement
• Review of billing cycles and revenue leakage
• Compliance with Work Instruction Manuals, Training Standard Document, Quality Standard Document and reporting the discrepancies

Manufacturing industry & Technology sector

• Costing review and statutory compliance for various factory related acts
• Verification of Internal Financial Controls (ICFR)
• Formulation of SOPs for all the core areas such as Production, Inventory management, Sales, Fixed Assets, Purchase and Procurement etc
• Hire-to-retire Review
• Drafting and verification of Internal Financial Controls
• Bid-To-Contract Management
• Inventory Management

Internal Audit Division

• Reviewed production processes, revenue cycles, J-Sox compliance, and HR/payroll processing.

Banking Division

• Conducted concurrent audits of credit sections and central statutory audits of banks.
• Performed due diligence audits, assessing financial viability, fixed assets, business policies, and compliance.