Selvakumar C

Experienced Internal Audit and Risk Management professional with 15+ years of diversified experience across Manufacturing, NBFC, and DTH industries. Proven expertise in Internal Audit, Internal Controls (system control), Risk Assessment, Compliance Management, Corporate Governance, IFC, ITGC, SOX, Revenue Assurance, Cost Optimization, procurement, inventory and Process Improvement. Strong track record of identifying control gaps, strengthening governance frameworks, mitigating business risks, and driving sustainable operational excellence (SAP & Ramco ERP) and strategic advisory to top management for large scale organisations including Sun Direct (Sun Network) and Ramco Group Textile.

Adept at leading large audit teams, identifying business risks, preventing leakages, and improving profitability through data-driven insights.

Head – Manager Internal Audit - Sun Direct TV Pvt. Ltd. (Sun Network) - Chennai, Tamilnadu

(2024-06)

• Lead enterprise-wide risk-based audit planning and execution
• Review and evaluate the effectiveness of existing internal control systems in accordance with management policies, standard operating procedures (SOPs), and applicable government regulations
• Strengthen internal control across revenue, procurement, capex, opex, IT, supply chain & logistics, broadcasting, call centres, admin, HR, marketing, content, retention and finance & accounts functions
• Identify revenue leakages and implement system-driven assurance mechanisms and evaluate compliance with TRAI regulations and corporate policies
• Validate the effectiveness of every procurement, AMCs, promotional and retention activities
• Conduct market audits of distributors, dealers, and partners to verify contractual compliance and inventory controls
• Present strategic audit reports to senior management enabling informed decision-making / corrective actions
• Validate the procurement governance, approval matrix compliance, vendor, contract & cost optimization
• Review and analyse variances between budgeted and actual figures and also recommend cost-reduction and margin-enhancement initiatives
• Review and validate the process / activities of purchase committee and scrap committee. Regular validation done as per policies for all gross functional approvals, invoices, contacts, vendor payments, partner payments, scheme payments, performance incentives, salary, final settlements etc.
• Responsible for data analytics and prepare various reports with necessary corrective actions
• Review the team's observations, finalize the draft report, final report submitted to top management / MD after getting feedback and implemented the corrective action suggested and follow-up

Senior Manager – Internal Audit - Rajapalayam Mills Ltd (Ramco Group Textile Division) - Rajapalayam, Tamilnadu

(2014-09 - 2024-05)

• Led audits with teams across 6 corporate entities including 14 textile units, 2 fabric units and 1 surgical product unit
• Designed and executed risk-based audit plans ensuring optimal resource utilization
• Strengthened ERP controls and process automation initiatives and reviews
• Evaluated costing systems, budgets, forecasts, and financial performance
• Reviewed loans, forex exposures, insurance coverage and credit risk controls
• Conducted physical verification of assets, inventory, scrap, process stock and stores
• Assessed procurement practices, vendor management, marketing strategies, quality management, credit policies and operational efficiency
• Supported management in achieving strategic and financial objective, Receivables, payables, banking, forex, exports/imports documentation, EPCG, advance licences, civil work orders with part bills
• GST, TCS, PF, ESI, statutory obligations
• Financial statements, capitalization, inventory valuation
• Cost structures, variance analysis, VED/SWOT analysis, budgetary control and forecasting
• Payroll, incentives, leave management, statutory benefits, labour law compliance, production efficiency, maintenance, electrical, subcontracting, logistics, quality control, gate systems
• Review 5S, TPM and TQM activities
• Reviewed the company secretarial activities / documents / statutory obligations / NSE / BSE
• Review the executive's observations, finalize the draft report, final report submitted to top management / Audit committee after getting feedback and implemented the corrective action suggested and follow-up
• Coordinate with ERP and IT teams to design new modules, implement validations, and improve process automation
• Responsible for data analytics and prepare various reports with necessary corrective actions
• Present the audit report to Audit Committee every quarter

Manager – Internal Audit - Mahasemam Trust (NBFC – Microfinance) (Now - Svamaan Financial Services Pvt. Ltd.) - Trunelveli, Tamilnadu

(2006-06 - 2014-08)

NBFC Micro Finance

• Established and led the internal audit function with teams for 36 branches
• Monitored finance, operations credit process & collections, HR, MIS, inventory and loan documents, KYC and portfolios. As per policy provided by the management / RBI governance
• Managed delinquency control and risk mitigation strategies
• Conducted audits across branches and field operations. Also investigation when it needed
• Coordinated with rating agencies (M-CRIL, ICRA) for financial risk assessments
• Delivered training programs on audit processes and compliances
• Led end-to-end internal audits across Revenue Cycle Management (RCM), Finance, Operations, Inventory, Pharmacy and Waste Management functions
• Assessed operational efficiency and internal controls across OPD, IPD, Laboratory, Radiology, Emergency, and support service departments
• Identified control gaps, operational risks, and process improvement opportunities, and collaborated with management to implement corrective actions and strengthen internal control frameworks
• Reported directly to Board of Trustees / audit committee / Chairman

Accounts Assistant - Sriram Chits and City Union Finance Pvt Ltd - Rajapalayam, Tamilnadu

(2006-02 - 2006-05)

• Managed accounting entries, bank reconciliation, payroll, and statutory remittances
• Verified chit, loan documentation and vehicle finance portfolios

PG Assistant Teacher – Commerce & Accountancy - Government Higher Secondary School, Mangalam - Sivakasi, Tamilnadu

(2004-07 - 2006-01)

• Taught Commerce and Accountancy for Higher Secondary students
• Conducted assessments, special coaching, and academic guidance

CMA (Inter) (2021)

M.Com (2004)

M.A - PM & IR (2014)

PGDFM (2004)

B.Com (2002)

B.Ed. (2010)