Niteen Magar

Results-driven Audit Professional with 8 years of experience in internal audit, sales audit, stock verification, and cash reconciliation across retail and franchise operations. Strong expertise in identifying discrepancies, ensuring SOP compliance, and improving internal controls.

Senior Audit Executive - TATA Trent Ltd. - Mumbai – BKC

(2024-07 - 2025-06)

ZUDIO AND WESTSIDE

• Conducted end-to-end internal audits of retail stores and franchise locations
• Cross-verified daily sales reports with billing systems and cash balances
• Performed physical stock audits and reconciled with system inventory
• Verified discount approvals, invoices, and billing accuracy
• Identified control gaps, irregularities, and potential risks
• Prepared audit observations and reports for management review
• Ensured adherence to company SOPs, policies, and compliance standards
• Coordinated with store staff to resolve audit issues and follow-ups

Audit Executive - PITAMBARI PRODUCTS PVT. LTD. - THANE

(2022-06 - 2024-07)

• Executed routine and surprise audits across multiple locations
• Reviewed cash handling procedures and investigated variances
• Audited purchase, sales, bank statements, petty cash and inventory records
• Assisted senior auditors during process and compliance audits
• Maintained proper audit documentation and evidence

Internal Auditor - CA Bhikubhai H Shah and LLP

(2018-09 - 2022-06)

Client (Monginis foods)

• Conducted internal audits of factory operations, ensuring compliance with company policies, SOPs, and internal controls.
• Performed stock audits by cross-checking system inventory with physical stock of raw materials, packaging materials, and finished goods.
• Reviewed purchase, GRN, and vendor invoices to ensure accuracy, authorization, and adherence to procurement procedures.
• Audited cash, bank transactions, and expense vouchers, ensuring proper documentation and approval controls.
• Conducted surprise audits and spot checks across departments to ensure compliance and detect irregularities.
• Prepared audit reports, documented observations, and followed up on corrective and preventive actions with management.
• Ensured compliance with food industry standards, hygiene practices, and statutory requirements applicable to factory operations.

Accounts Associate - Metro Teleshoppe Pvt. Ltd.

(2013-07 - 2017-11)

• Managed daily petty cash transactions, ensuring accurate recording, proper vouchers, and timely reconciliation.
• Verified and processed employee expense claims, bills, and supporting documents as per company policies.
• Maintained petty cash registers, monitored cash limits, and ensured availability of funds.
• Coordinated with the accounts team for periodic replenishment, audits, and variance resolution.

B.COM - Mumbai University (2013)

HSC - Mumbai University (2009)

SSC - Mumbai University (2007)