Karan Kumar Patel

Experience

1. Working as an Assistant Manager - Internal Audit

   Kinara Capital

   Dec 2023 — Present · Surat, IN

   Responsible for conducting comprehensive internal audits across Sales, Credit, Collections, and Operations departments to ensure compliance with company policies and regulatory guidelines.Audit focus includes risk identification, process gaps, documentation verification, field checks, and reporting at the branch and hub levels.Special audit responsibility towards financial products offered by Kinara Capital:o Unsecured Business Loanso Secured Business Loans (Stock Hypothecation)o Machinery Purchase Financingo Loan Against Property (LAP) – End Use of Fund in Business Only.Specific Audit Coverage:o Sales: Verifying sourcing quality, ensuring accuracy of customer profiling, checking adherence to product policies for loan onboarding.o Credit: Conducting file-level document scrutiny, Loan Utilization Checks (LUC), verifying customer creditworthiness, and ensuring underwriting compliance.o Collections: Evaluating collection effectiveness through tool-based assessments,delinquency analysis, and early bucket case reviews.o Operations: Assessing operational process compliance, documentation integrity,system entry validation, and post-disbursement checks.Conducted targeted field visits alongside sourcing, credit, and collection teams to validate customer information, detect fraudulent activities, and assess on-ground business operations.Preparing detailed audit reports highlighting key observations, high-risk areas, process non-compliances, and fraud indicators, and submitting findings to Hub Managers and senior management.Delivering \"Early Warning Signals\"(EWS) to management based on audit observations to proactively address risk exposures at field, branch and hub levels.Coordinating with various Heads of Departments (HODs) for audit planning, resource allocation, execution scheduling, and ensuring timely closure of open audit observations.

Education

• Sardar Patel University, Vallabh Vidyanagar

  Master of commerce

  2020 — 2022

• The Institute of Chartered Accountants of India

  CA - CPT

  2015 — 2016

• Veer Narmad South Gujarat University, Surat

  Bachelor of Commerce - BCom

  2016 — 2018

• The Institute of Chartered Accountants of India

  CA - INTERMEDIATE

  2017 — 2017

• Uttaranchal University

  Master of Business Administration - MBA

  2023 — 2025