sujith kumar velayudhan resume 19th january 2017
TRANSCRIPT
Present and Previous Designations
Sujith Kumar Velayudhan CIA (USA), CFE (USA
Phone in UAE: 00971-50-1405339 (Mobile);
00971-4-3583915 (Land line)
https://ae.linkedin.com/in/sujithkvp
VISION
To utilize my skills, knowledge and
experience through continued association
with dynamic organizations for a mutual
growth. Consistently improve performance
at work and service the organization with
utmost loyalty. Accredited to the
profession of Internal Audit and
organizational controls
Certificate # 34150
Sujith Kumar Velayudhan. B.Com, CIA (USA), CFE (USA) Mobile: 050-1405339
https://ae.linkedin.com/in/sujithkvp Email: [email protected]
1
PROFILE IN BRIEF
.
As a Certified Internal Auditor and a Certified Frauds Examiner, I carry over 29 years of
experience in the profession of internal audit with core expertise in Accounting and
Reporting, Operational Audits, and Risk Management practices. My exposure in
operational audits comes from a variety of industries spanning a career of 29 years in the
Internal Audit and related risk advisory profession.
I have proven to be commercial and constructive and my independent review has
provided much useful feedback with deep insights. My experience in the various
industries and the wide spectrum of internal audit exposure has proven to be much
beneficial to clients from cross industrial synergic applications.
Industry exposure
Hospitality Retail Management Construction& Contracting
Food Chains Manufacturing Insurance
Trading and Distributions Facility Management Quarry & Mining
Healthcare Real Estate Technical Services
Car Rental Architectural Consultants Money Exchange
Logistics Television Media Interior Designs
Pharmaceuticals Travel & Tourism Education
Approaching internal audit from a high level perspective has enabled me to drive wider
experiences amongst the Top Management of various organisations.
Besides accounting and reporting considerations, my understanding has effectively
practiced the importance of being aware of other areas of concern like Operations, IT
control perspectives, Organizational governance etc.
My services have financially and operationally benefitted many clients who look forward
to draw further services and establish effective control oversight.
Experience
• Associate Director – Internal Audit – Crowe Horwath
• CEO of NTS Group of Companies, India
• Deputy CFO of Bin Hendi Group, Dubai, UAE (6 months)
• Head of Audit of Bin Hendi Group, Dubai, UAE
• Internal Auditor of Arenco Group, Dubai, UAE
Implementations
Established Internal Audit Department
for the 3 of the largest organization in the
UAE.
Established Policies and Procedures for
major groups in different industries.
Implemented “Control Risk Self-
Assessment (CRSA)” and conducted
various facilitative workshops with the
Senior and departmental managers of the
various companies.
Implementation of Quality Assurance
Program for Audit department.
Training to accounting, operations and
IT staff, to highlight risks & exposures
and common policy departures in
various domains.
Developed a Risk based Internal Audit
process with due documentation
Planning and performing special
investigative assignments.
Establishment of Pre-Audit Function in
2 of the largest Groups in the UAE.
Sujith Kumar Velayudhan. B.Com, CIA (USA), CFE (USA) Mobile: 050-1405339
https://ae.linkedin.com/in/sujithkvp Email: [email protected]
2
Detailed Professional Work Experience:
1. Head of Audit : East Coast Group –Fujairah & Dubai: December 2015
till date.
Heading the function of Internal Audit across the multi industrial gamut of the
group. Industries covered includes – Real Estate, Civil Construction, MEP
Constructions. Aluminium and Glass Constructions, Logistics, Mineral Water
Manufacturing and Bottling, Gaming Equipment’s Trading, Facility
Management, PMVE, etc.
Key Achievements
a. Established a structured audit plan for the group across its various industries
to enable the implementation of an Internal control infrastructure.
b. Established a successful Pre-Audit Division which currently reviews all
Purchases, Payments, JV’s, Agreements, and Petty Cash fund utilisation
across the group.
c. Developed the Policy and Procedures for all the Industries in the group
enabling an effective and efficient process.
d. Implemented a Fraud detection Infrastructure through the following:
i. Whistle blower network amongst its construction activities
ii. Pre-Audit
iii. Internal Audit plan
iv. Fraud Hotline
v. Whistle blower protection plan
The above areas of implementation has enabled the detection of frauds of over 1
Million $ in the organisation. Further, the implementation of an effective Internal
Audit Plan had helped to reduce cost of over 600,000/- USD in addition to the
establishment of a control infrastructure in the organisation.
e. Facilitated the RFP development of SAP ERP in the group with a panoramic
review of the activities across the group.
Sujith Kumar Velayudhan. B.Com, CIA (USA), CFE (USA) Mobile: 050-1405339
https://ae.linkedin.com/in/sujithkvp Email: [email protected]
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2. Associate Director – Internal Audit, , UAE: November 2012 till
November 2015):
Heading a professional team of Chartered Accountants, CIA’s, CISA, and IT
auditors, providing risk consultation to various key clients of the International
Firm. Established services like
a. Risk based Internal Audit
b. Concurrent Audit process
c. Development of Standard Policies and Procedures
d. Fixed Asset Portal development and Management process facilitation
e. Business Process Re-engineering, and
f. Forensic Accounting
The various industries covered during my leadership of Internal Audit function
through Crowe Horwath were
i. NMC Healthcare PLC – Healthcare (over 8 Hospitals)
ii. Provita – Healthcare
iii. Dr.Sunny’s Clinic - Healthcare
iv. NMC Trading – Trading of FMCG, Scientific Equipments, Pharmaceuticals,
and Educational Products, Food products, etc of over 65,000 /- products
across the UAE.
v. Cosmesurge and Emirates Hospitals (15 Hospitals)
vi. ADNH COMPASS – largest contract catering and support services
provider in the UAE
vii. Laboratory Technical Services
viii. Neopharma - Pharmaceutical Products Manufacturing
ix. Arabian Automobiles – Nissan & Infiniti brands in UAE
x. Dubai Technologies – IT Solution developers
xi. Perfume Engineering– M/s. Ajmal and M/s. Parfume Monde (A part of
Confident Group-India)
xii. Life Insurance Corporation – UAE Operations
xiii. East Coast Group – Construction, Bulk Transportation, Real Estate, etc.
Sujith Kumar Velayudhan. B.Com, CIA (USA), CFE (USA) Mobile: 050-1405339
https://ae.linkedin.com/in/sujithkvp Email: [email protected]
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3. Chief Executive Officer for NTS Group for Indian Operations – From August
2011 to July 2012. NTS is a large group involved in Health, Education,
Hospitality, Retail, Construction, and international trade.
Achievements during tenure as CEO included the following:
a. Developed a Tourism Project of over INR 200 Crores with multi-luxury
activities. Tie-ups with necessary project partners were organised and
finalised as per the development strategy identified by the CEO’s Office.
b. Developed a project of gated community with 28 villas and a 72 apartment
complex.
c. Revived a loss making manufacturing unit of McDowell’s purified and Soda
water factory. The restructuring and business development strategy was
formulated by me which involved strategic changes in Marketing, Finance,
HR and Operational activities. (M/s.Varuna Aqua Products Pvt Ltd-
Franchisee of McDowells brand in Kerala and Tamil Nadu)
d. Restructured the operations of a Physiotherapy clinic and developed the
same in the territory of Kerala. (Pain-go-away A German linked
organisation)
e. Revived a suspended Property development project with a renewed time
frame and ensured a timely completion for the same. Initiated the marketing
activities of the property which invited immediate bookings for 50% of the
project assets.
f. Implemented a strategic buyout of a school for the Group which has been
operational for over 14 years.
Sujith Kumar Velayudhan. B.Com, CIA (USA), CFE (USA) Mobile: 050-1405339
https://ae.linkedin.com/in/sujithkvp Email: [email protected]
5
4. Bin Hendi Group of Companies: Head of Audit for the
BinHendi Group - A leader in luxury fashion, watches and jewellery,
hospitality and real estate throughout the UAE and expanding in the Middle
East
April 2009 till June 2011 – Reporting to the Owners – Mr.Mohi Din Bin Hendi,
and Ms.Amna Bin Hendi.
a. Hospitality - Owning the franchise rights of over 15 worldwide brands of
restaurant chains and owned concepts developed with years of experiences.
The portfolio of hospitality includes brands like Bageterie Boulevard,
Sammach, Burj Al Hamam, Joe’s Café, Marimekko Café, Japengo Café, Now
Café, Café Havanna, China Times, Mini Chinese, Belle Donna, Second Cup,
Extreme Shawarma, etc.
b. Fashion Retail - Owners of Franchise rights of leading global brands in Retail
Fashion, Jewellery and accessories industry in the UAE. (with over 70 of the
world’s leading brands under its wings). The group’s portfolio includes
several of the world’s leading brands such as Artioli, Billionaire, Brioni,
Ermanno Scervino, Hugo Boss, JOSEPH, Paul & Shark, ZILLI, Porsche
Design, MSGM, By Malene Birger, Jil Sander Navy, Jacob & Co and Ulysse
Nardin.
c. Bin Hendi Real Estate, Alpha Properties,
d. Baituti Interior and Joinery,
e. Baituti designs,
f. Baituti Furniture,
g. Emirates Coats Paint Manufacturing,
h. Federal Exchange Money Exchange,
i. Bin Hendi Construction,
j. City 7 Television channel etc.
Sujith Kumar Velayudhan. B.Com, CIA (USA), CFE (USA) Mobile: 050-1405339
https://ae.linkedin.com/in/sujithkvp Email: [email protected]
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5. Employer: ARENCO Group Dubai– with ownership of various manufacturing
(King Koil, Serta Mattresses), trading (Local and Overseas)(Marlin Furniture),
car rental service(Thrifty and Dollar), hospitality (Golden Sands Hotel
Apartments, Hilton, Sheraton), restaurant chain operation(Pizza Corner),
consultancy(ARENCO), and maintenance companies across UAE.
Position : Internal Auditor.
Period : Since 1998 January to June 2004 and from March 2005 till
January 2009 (Over 10 years)
Reporting to Group Internal Auditor
Over the years I had developed and strengthened the profession and scope of
internal audit in the Arenco Group. The gamut of responsibilities fell into
conducting of Internal audits, Operational audits (following IIA standards &
COSO), IT audits (COBIT based), and Confidential Fraud Investigations for
the group. I lead a team of internal audit professionals with responsibilities
falling as below:
Development of Internal audit programs for the internal , operational and IT
audit of various companies of the group.
Conducts effective business process surveys
Risk assessment to identify areas of control lapses or excesses.
Evaluation of IT General Controls (IS Strategy & Planning) covering areas like
ID Management, access controls, program change management, and system
controls.
Planning and budgeting of yearly audit for the Group Internal audit
Department.
Communication with the senior management personnel on the matters of
audit and governance requirements of the respective companies.
Conducts control self assessment workshops with the Managers and the
departmental supervisors to ensure proper and easy identification of practical
changes to be made on critical areas lacking control and effectively managing
and providing suggestions for managing change in the organization.
Provides effective consultation to Management personnel of various
companies of the group.
Sujith Kumar Velayudhan. B.Com, CIA (USA), CFE (USA) Mobile: 050-1405339
https://ae.linkedin.com/in/sujithkvp Email: [email protected]
7
6. Employer : : K.R.Velayudhan Pillai & Co – a leading CA firm established in
1965.
Position : Manager - Internal Audit Services.
Period : August 1989 to August 1992 as articled clerk,
: August 1992 to July 1995 as Senior Auditor,
: August 1995 to October 1997 as Manager – Internal Audit
Services.
Reporting to the Managing Partner
Heading the Internal Audit services of the firm with clients involved in
construction, educational, healthcare, distribution, transport services, lottery,
trading, etc.
Core competencies in Internal audit.
Technical expertise, Corporate Integrity, Professionalism, Team Spirit
,Flexibility & Transparency.
Proven Analytical, Communication skills & ability to prioritize tasks.
Capable of quick assimilation of business situations.
Long term perspective combined with dedication & persistence
Professional qualification and education:
Certified Internal Auditor (CIA – USA) 2001
Certified Frauds Examiner (CFE – USA) 2006
Appeared for CISA in 2002 November
Chartered Accountancy Article ship completed in August 1992.
Bachelor of Commerce : 1989
Literatures Published
a. Internal Audit : A Robocop or a Corporate Guru
b. Fraud : in the Construction Industry
c. Corporate Spirituality
Sujith Kumar Velayudhan. B.Com, CIA (USA), CFE (USA) Mobile: 050-1405339
https://ae.linkedin.com/in/sujithkvp Email: [email protected]
8
Personal attributes:
Interested in modern management concepts and IT related developments.
Aspires in reaching out to technological advancements and test out its relevance
in organizations and propogating corporate governance. Hobbies are mainly
reading, music and writing .
Birth Date : 22/12/1967, Nationality : Indian
Holds valid UAE and Indian Driving Licence
Visa status: On Residence Visa of UAE from East Coast Group
Regards,
Sujith Kumar Velayudhan
Sujith Kumar Velayudhan. B.Com, CIA (USA), CFE (USA) Mobile: 050-1405339
https://ae.linkedin.com/in/sujithkvp Email: [email protected]
9
Organizations with whom associated for various Internal Audits and other assignments during the career period so far in territory of
United Arab Emirates No: Entity Name Industry
1 Al Bait Pharmacy , Dubai Pharmaceuticals
2 Al Fahd Transports , Fujairah Material Transports
3 Al Fahd Workshops , Fujairah Repairs & Maintenance
4 Al Shifa Pharmacy , Abu Dhabi Pharmaceuticals
5 Alpha Properties , Dubai Real Estate Agency
6 Arenco Real Estate , Dubai Real Estate
7 ARENCO Architechtural Consulltants, Dubai Architechtural Consultants
8 Ajmal Perfumes, Dubai Perfume Manufacturing, Retail trading & Exports
9 Baituti Design LLC , Dubai Interior Designing
10 Baituti Furniture LLC, Dubai Furniture Trading
11 Baituti Interiors LLC , Dubai Furniture and Interiors
12 Bin Hendi Constructions, Dubai Constructions
13 Bin Hendi Fashion LLC , Dubai Fashion Textiles
14 Bin Hendi Hospitality LLC, Dubai Hospitality
15 Bin Hendi Real Estate , Dubai Property Development & Real Estate
16 Bin Hendi Watches and Jewellery LLC , Dubai Worlds Leading brands in Jewellery and Watches
17 Blue Bell Shipping LLC , Dubai Logistics
18 City 7 (Media City) , Dubai Channel TV
19 Dibba Ice Factory , Dibba Ice Blocks
20 Dollar rent-a-car, Dubai Car Rental
21 Dubai Furniture Manufacturing Co LLC , Dubai
SERTA and King Koil Beds & Mattress Manufacturing
22 East Coast Contracting Co , Fujairah Contracting
23 Emirates Coats , Dubai Specialised Paints
24 CosmeSurge and Emirates Hospitals, Dubai Healthcare
25 CosmeSurge and Emirates Hospitals, Abu Dhabi
Healthcare
26 Federal Exchange , Dubai Money Exchange
27 Fujairah Building Industries PJSC , Fujairah Building Material Manufacturing
28 Fujairah Ceramics , Fujairah Ceramic Manufacturing
29 Fujairah Concrete Products , Fujairah Building Material Manufacturing
30 Fujairah Marbles and Tiles factory , Dibba Flooring manufacturing
31 Fujairah National Quarry , Fujairah Mining
32 Fujairah Rockwool factory , Fujairah Rockwool Processing
33 Golden Sands Hotel Apartments , Dubai Hospitality
Sujith Kumar Velayudhan. B.Com, CIA (USA), CFE (USA) Mobile: 050-1405339
https://ae.linkedin.com/in/sujithkvp Email: [email protected]
10
Organizations with whom associated for various Internal Audits and other assignments during the career period so far in territory of
United Arab Emirates 34 Hilton, Creek, Dubai Hospitality
35 Hilton, Jumeirah , Dubai Hospitality
36 Innova Inks , Dubai Pens and Ink Manufacturing
37 LIC Internationsl B.S.C © , Bahrain ( Foreign Office - Dubai)
Insurance
38 Lonestar Technical and Industrial Services, Abu Dhabi
Industrial Testing
39 Lonestar Technical Services, Dubai Industrial Testing
40 Lotus Grand Hotel Apartments , Dubai Hospitality
41 M/s. Solar Gulf , Dubai Facility Management
42 Marlin Furniture , Dubai Furniture Trading
43 Marlin Furniture , Abu Dhabi Furniture Trading
44 MIDEAST Metals FZE, Jebel Ali, Dubai Steel Trading and Exports
45 NMC Hospital - Dubai Healthcare
46 NMC Hospital - Sharjah Healthcare
47 NMC Hospital -Abu Dhabi Healthcare
48 NMC Speciality Hospital - Abu Dhabi Healthcare
49 NMC Speciality Hospital - Alain Healthcare
50 NMC Speciality Hospital - Dubai Healthcare
51 NMC Trading Abu Dhabi FMCG
52 NMC Trading Dubai FMCG
53 Parfum Monde , Dubai Perfume Distribution and Retail
54 Pizza Corner , Dubai Restuarants
55 Premium Investments (Graff) Dubai Diamonds
56 Reliance Infotech LLC , Abu Dhabi IT Services
57 Serum Indo Gulf LLC , Dubai Pharmaceuticals
58 Thrifty Car Rental LLC , Dubai Car Rental
59 Thrifty Car Rental LLC , Abu Dhabi Car Rental
60 Abu Dhabi National Hotels, Abu Dhabi Hospitality
61 MIH Building Materials Trading, Ajman Trading
62 Muthutherawa (MACS), Sharjah Manufacturing (A/C Ducts)
Sujith Kumar Velayudhan. B.Com, CIA (USA), CFE (USA) Mobile: 050-1405339
https://ae.linkedin.com/in/sujithkvp Email: [email protected]
11
Organizations with whom associated for various Internal Audits and other assignments during the career period so far in India
63 Kerala State Industrial Development Corporation
Government Corporation
64 Kerala Finance Development Corporation Government Corporation
65 SSIDC Government Corporation
66 General Insurance Corporation Insurance
67 Priya Enterprises Lottery Distribution in India
68 Priya Travels Travel & Tourism
69 Krishi Vigyan Kendra Agricultural Development
70 Kerala Health Research & Welfare Society World Bank IPP Project
71 Technoworld Computer Education Computer Training
72 Varuna Aqua Products Pvt Ltd Beverated Drinks, Soda and Purified Water Manufacturing
73 Paingoaway Physiotherapy
74 St. Philominas Orphanage Charitable Society
75 Cannosian Convents Charitable Society
76 Al Arif Hospital Healthcare
77 Huda Engineering College, Tirunelveli Education
78 Ananthapuri School Education
79 Baby Stores Trading Trading
80 SL Theaters Film
81 Chitranjali Studios Film Productions and Studios
82 Kerala Acids and Chemicals, Alwaye Chemical Manufacturing
83 Triveni Nursing Home - Ayurvedic Hospital Healthcare
84 SHM Engineering College Education
85 Astamudi Resorts, Kollam, Kerala Hospitality
86 Bharath Productions Film Productions
87 Canton Enterprises Computer Hardware
88 Aishwarya Chit Funds Finance
89 Aishwarya Finance Finance
90 Manoj Enterprises FMCG
91 City Distributors FMCG
92 Anil Agencies Petroleoum Distribution
93 Technoworld Information Systems Computer Manufacturing
94 Raj Financiers Gold Loan
95 KGK Tranports Quarry, mining
Sujith Kumar Velayudhan. B.Com, CIA (USA), CFE (USA) Mobile: 050-1405339
https://ae.linkedin.com/in/sujithkvp Email: [email protected]
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Annexure I : CIA Certificate
Certificate No: 34150
Sujith Kumar Velayudhan. B.Com, CIA (USA), CFE (USA) Mobile: 050-1405339
https://ae.linkedin.com/in/sujithkvp Email: [email protected]
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Annexure II : CFE Certificate