Jayaram Jena

Experience

1. Deputy Manager (Internal Audit and Control)

   Midland Microfin Ltd

   Feb 2024 — Present · Madhya Pradesh, IN

   Managing the internal audit function of 38 branches at Madhya Pradesh with the help of 4 Auditors.* Managed quarterly audits for 40 branches in the Lucknow and Jhansi regions, coordinating with 5 internal audit executives.* Overseeing auditing functions for 40 branches with a portfolio of 250 CR across two regions.* Responsible for escalating Branch Audit reports to concern stakeholders, ensuring compliance, and providing timely follow-ups with action plans.* Planned and executed cost-effective audits, managing the team to ensure 100% branch audit coverage.* Presented monthly reports on high operational risk issues to stakeholders for risk mitigation and decision-making.* Collaborated with senior leadership to develop risk mitigation strategies, preventing potential losses.* Developed risk reports for senior management, leading to the implementation of effective risk control measures.* Enhanced risk data analysis processes, reducing manual efforts and improving accuracy.* Analyzed branch performance and risk trends, implementing a risk-based audit system to minimize operational loss.* Reviewed internal audit team performance and productivity during regular audits.* Handled audit planning, schedule preparation, and submitted various reports like Fixed Assets report, Delinquency, and Monthly Audit observation report.

Education

• Utkal University

  B.com, Accounting

• DDCE,Utkal University

  Master of Business Administration - MBA, Finance and HR