Alok Khandelwal

About Alok Khandelwal

I am an accomplished professional delivering over 18 years of career success in internal audit and management consulting, focusing on risk management & internal audits within the manufacturing industry and consultancy firms. My dexterity lies in handling assignments across diverse sectors including Chemicals, Pharma, Service sector, FMCG, and Packaging with a track record of successful overseas assignments. Demonstrated excellence in designing & updating Delegation of Authority (DOA), ensuring adherence to compliance standards & operational efficacy. Over the time, I have proved my excellence in managing audits from start to completion including detailed walkthroughs of key processes, internal controls review. Led discussion & closure of Internal audit reports with Senior Management. Prepared and presented the Key observations to the Audit Committee. Successfully fostered & maintained relationships with clients to facilitate audit execution; Initiated discussions with clients for further understanding of business unit and identified potential areas of audit impact. I’ve mastered the administration of designing Standard Operating Procedures (SOPs), Policies, Guidelines and ensure that they are being followed.

Experience

1. Assistant General Manager (Global Internal Audit Head)

   VVF Group

   Apr 2023 — Present · Sion, IN

   Pioneered the adoption of Global Shared Services, leading to significant cost efficiencies of > INR 2 Cr. and operational enhancements. Directed the disposal of non-moving/expired inventory and recovery from customer (INR 1.25 Cr), resulting in cash unlock for the organization. Saved > INR 1 Cr. by aligning overseas location leave policy with Group Leave Policy. Coordinated and convinced management to avail the GST coal cell refund on exports (approx.> INR 2 Cr.), significantly boosting the organization\'s revenue. Executed system configuration modifications to enhance precision in payment due date computations, ensuring cost efficiency. Streamlined operational workflows by automating the capex approval process, enhancing efficiency and control. Spearheaded the implementation of role-based release strategies in SAP systems, optimizing operational efficiency & resource utilization. Crafted Delegation of Authority for overseas locations and ensuring adherence. Led successful release of security deposits for non-operating plant (INR 80 lakhs). Led reduction in the contract demand of electricity for non-operating plant (INR 18 lakhs).Saved INR 18 Lakhs by vacating warehousing storing expired Inventory.Rectified the functionality of credit limits for advance payment customers, saving significant time of the finance controller

Education

• Maharishi Dayanand Sarswati University Ajmer

  Bachelor of Commerce (B.Com.), Business/Commerce, General

• The Institute of Chartered Accountants of India

  Chartered Accountant, Accounting and Finance

  2004