Summary
Overview
Work History
Education
Skills
Interests
Awards
Timeline
Generic
Raees Desai

Raees Desai

Supervisor Trainee
Lenasia

Summary

As an Audit Supervisor, I possess extensive experience in the Financial Services and Insurance sectors, gained during my articles. I have successfully completed the Initial Test of Competence (ITC) and the Assessment of Professional Competence (APC) with SAICA. My practical skills in auditing encompass financial services and life insurance entities. My responsibilities include collaborating with the Group Audit Team and engaging with industry experts. I have significant experience working with a JSE-listed insurance group, managing a diverse range of insurance and financial instrument components. I am dedicated to delivering accurate and transparent financial reports, consistently striving to enhance the effectiveness and efficiency of processes and procedures.

Overview

3
3
years of professional experience
10111
10111
years of post-secondary education

Work History

Audit Supervisor

Ernst & Young Inc (EY)
01.2025 - 07.2025
  • Achievements:
  • Passed the SAICA APC Exam on the first attempt of writing.
  • Responsibilities:
  • Actuarial Audit Planning: Led the planning of the actuarial audit, ensuring comprehensive oversight of all work conducted across the client's three segments.
  • Collaboration with Specialists: Coordinated effectively with actuarial specialists throughout the audit process to ensure accuracy and compliance.
  • Team and Project Management: Managed audit teams and coordinated group audit efforts, ensuring seamless collaboration and project execution.
  • Supervision and Training: Provided supervision, coaching, and on-the-job training to a team of five junior staff members, fostering their professional development and enhancing team performance.
  • IFRS 17 Financial Reporting: Ensured compliance with IFRS 17 standards in financial statement reporting, contributing to accurate and transparent financial disclosures.
  • Audit File Management: Oversaw the organization and management of audit files, ensuring all documentation was complete and accessible.
  • Audit Testing Procedures: Conducted thorough audit testing procedures on the Insurance Contract Liabilities and IFRS 9 section of the Momentum Financial Statements, ensuring compliance and accuracy.
  • Comprehensive Audit Tasks: Executed various audit tasks, including planning, execution, and conclusion documentation, to ensure a robust audit process.
  • Budgeting and Resource Allocation: Managed overall budgeting and resource allocation for the audit, maintaining accurate daily timekeeping to align with management's budgetary expectations.
  • Trial Balance Mapping: Developed a detailed understanding of the client's trial balance for Liberty Holdings, facilitating accurate financial analysis.
  • Substantive Testing: Performed substantive testing across the entire Asset and Liability section of the Liberty Holdings Financial Statements, ensuring thorough evaluation and compliance.
  • Sector and client Exposure:
  • Financial Services
  • Momentum Metropolitan Holdings Limited (MMH)
  • Momentum Metropolitan Life Limited (MML)
  • Momentum Metropolitan Group (MMG)
  • Metropolitan Wealth
  • Liberty Group Limited
  • Liberty Holdings Limited
  • Energy and Resource Industry
  • Sibanye Stillwater (Shared Services component team)
  • Consumer industry
  • Beckman and Coulter
  • Elanco

Audit Senior

Ernst & Young Inc (EY)
01.2024 - 12.2024
  • Achievements:
  • Passed University of Johannesburg APC Board Course (APT) to become eligible to write the SAICA APC exam.
  • Responsibilities:
  • Group Oversight: Provided comprehensive oversight of component audit teams, ensuring alignment and consistency across the audit process.
  • Collaboration with Specialists: Coordinated effectively with actuarial specialists throughout the audit to enhance accuracy and compliance.
  • Group Audit Planning: Led the planning of the group audit, including scoping component entities and developing tailored audit programs.
  • Team and Project Management: Managed audit teams and coordinated group audit efforts to ensure efficient project execution and collaboration.
  • Financial Statement Close Process Facilitation: Facilitated the financial statement close process, ensuring timely and accurate reporting.
  • Comprehensive Audit Tasks: Executed a variety of audit tasks, including planning, execution, and the completion of documentation forms.
  • Trial Balance Mapping: Conducted detailed mapping of the client's trial balance and allocated responsibilities to appropriate teams for effective oversight.
  • Sector Exposure:
  • Financial Services
  • Momentum Metropolitan Holdings Limited
  • Momentum Metropolitan Life Limited
  • Momentum Metropolitan Group
  • Liberty Group Limited
  • Liberty Holdings Limited
  • Energy and Resource Industry
  • Sibanye Stillwater (Shared Services component team)

Audit Assistant

Ernst & Young Inc (EY)
01.2023 - 12.2023
  • Achievements:
  • Passed the SAICA ITC board exam.
  • Responsibilities:
  • Collaboration with Specialists: Coordinated with actuarial specialists during the audit to enhance accuracy and insights.
  • Comprehensive Group Oversight: Provided oversight for component audit teams, ensuring cohesive execution of audit objectives.
  • Diverse Audit Responsibilities: Engaged in a range of audit tasks, including planning, execution, and the completion of documentation forms.
  • Testing of Cash and Cash Equivalents: Conducted thorough testing of cash and cash equivalents accounts to ensure accuracy and compliance.
  • Sector Exposure:
  • Financial Services
  • Momentum Metropolitan Holdings Limited
  • Momentum Metropolitan Life Limited
  • Momentum Metropolitan Group
  • Momentum Wealth
  • Nestle Provident fund
  • Munich Reinsurance

Education

Assessment of Professional Competence (APC) -

SAICA

Initial Test of Competence (ITC) -

SAICA

Postgraduate Diploma - Accounting Science (CTA)

University of Witwatersrand

Undergraduate Degree - Bachelor of Accounting Science

University of Witwatersrand

National Senior Certificate -

Al Aqsa High School

Skills

  • International Financial Reporting Standards (IFRS): In-depth knowledge of IFRS principles, successfully implementing them to ensure precise and compliant financial reporting

  • International Standards on Auditing (ISA): Proficient in ISA, adept at conducting comprehensive audits that adhere to regulatory requirements and industry best practices

  • Management Accounting: Experienced in budgeting, variance analysis, and financial management, contributing to informed decision-making and strategic planning

  • Financial Analysis and Planning: Solid understanding of finance principles, with demonstrated abilities in financial analysis, forecasting, and strategic financial planning

  • Taxation Knowledge: Well-versed in South African taxation laws, providing insights and guidance on compliance and tax planning strategies

  • Stakeholder Management: Effective in managing relationships with audit clients, component teams, and internal experts, ensuring clear communication and collaboration

  • Technical Proficiency: Highly skilled in Microsoft Office Suite, leveraging tools for report preparation, data analysis, and information management

  • Data Analytics and Internal Controls: Proficient in financial analysis and discrepancy detection, utilizing data analytics tools to evaluate internal controls and enhance risk management

  • Team Leadership and Project Coordination: Experienced in supervising teams to ensure quality outcomes and timely delivery, with expertise in resource allocation, project coordination, and client liaison

  • Audit Reporting and Client Engagement: Skilled in drafting comprehensive audit reports, facilitating client meetings, and fostering strong interpersonal relationships for effective communication with clients and team members

Interests

Playing soccer at a social level, Avid reader and book enthusiast, Tutoring school children that are struggling at school as a community service, Rescuing abandoned or stray cats, Over-seeing and leading building renovations at residential homes and commercial properties

Awards

Achieved an average rating of 3/4 (above peers) average rating in annual performance Evaluations during my training contract, Was formally recognised at the Townhall for my team contributions on the Momentum audit by the Associate Director of the audit.

Timeline

Audit Supervisor

Ernst & Young Inc (EY)
01.2025 - 07.2025

Audit Senior

Ernst & Young Inc (EY)
01.2024 - 12.2024

Audit Assistant

Ernst & Young Inc (EY)
01.2023 - 12.2023

Assessment of Professional Competence (APC) -

SAICA

Initial Test of Competence (ITC) -

SAICA

Postgraduate Diploma - Accounting Science (CTA)

University of Witwatersrand

Undergraduate Degree - Bachelor of Accounting Science

University of Witwatersrand

National Senior Certificate -

Al Aqsa High School
Raees DesaiSupervisor Trainee