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Ajay Baluja

Experienced Finance Professional


SOX oriented Internal Audit Professional with broad expertise in managing all aspects of control environment and operational audits including: assessment, evaluation, documentation and testing of internal controls.

Key strengths include:

  • Ability to enhance efficiency of existing process and build new processes from inception
  • Implementing and administering financial controls and risk policy procedures
  • Leading project teams collaboratively and adhering to timelines
  • Leadership through coaching and mentoring to consistently achieve peak performance from team members
  • Effective interpersonal communications with all levels in an organization
  • Ability to focus on details as well as the big picture

Work experience

Jan 2005Apr 2008

Manager Internal Audit

St Lawrence Cement

Responsible for the management of Bill 198 (C-SOX) project and Internal Audit Department.

·Managed the Bill 198 project and designed, documented, implemented and obtained certification in internal controls for four divisions, Cement, Readymix Concrete, Aggregates and Construction.

·Led and conducted operational and financial audits and fraud investigations.

·Prepared presentations for the Local Audit Committee, Steering Committee for Bill 198, Reports for CEO, CFO and Group Internal Audit.

·Completed Business Risk Analysis from an audit perspective and prepared Annual Audit plans. Several recommendations were approved for inclusion in the Audit Plans.

·Managed the ICS (Swiss-SOX) project to adapt the Bill 198 documentation and obtained certification from External auditors as mandated.

·Assisted the Indian & Thai associate companies to implement and comply with Swiss SOX requirements. Also assisted the Indian affiliates on their C-49 (Indian-SOX) certification. (worked in India & Thailand: Nov 2007 to Feb 2008)

·Modified the ICS documentation for 2008 rollout to all 70 group companies for Holcim Inc. (worked in Switzerland: Feb 2008 to Apr 2008)

Oct 2000Jan 2005

Manager Internal Controls


Manager, Internal Controls

Responsible for evaluating effectiveness of existing controls and developing strategies to enhance operational efficiency and compliance with all statutory internal controls.

·Managed the SOX implementation from inception to certification including acting as project coordinator and quality reviewer.

·Managed the Section 5900 and SAS70 audit on internal controls in service organizations.

·Ensured that the migration of the Money Movement system from US to Canada was control compliant.

·Led project to streamline the internal controls on EHT payroll calculations and implemented both a short-term manual solution as well as a long term automated one.

·Reviewed and followed up with the operating deptartments on AR and AP and ensured timely resolution.

May 2000Oct 2000

Cash Management Accountant

Supervised the cash management functions for the operating companies including Accounts Receivables and Accounts Payables.

·Supervised 3 persons and ensured that all payments to suppliers and others were processed timely, reports developed on Accounts Receivable and Bank reconciliations completed in a timely manner.

·Streamlined the information flow and the reporting and improved efficiency.

Feb 2000May 2000

Senior Accountant - Contract


·Analyzed the $2M out of balance dating back to 5 years by reviewing old records, information from banks, clients and third parties and cleared $1.8M.

·Submitted a paper on suggestions to improve internal controls to prevent recurrence of a similar situation in the future.

Aug 1999Jan 2000

General Accountant

Supervised a team of 3 and was responsible for all aspects of accounting and administration including GST returns, AR, AP, liaising with External auditors and preparation of monthly and annual accounts.

Feb 1999Jul 1999

Tax Accountant - Contract

·Preparation of Canadian, US and other countries tax returns for employees of Anderson Consulting & Nortel including equalization and Gross-up of tax free remuneration.


CIA (3/4 complete)



Professional Development
·        SOX – Risk Management Techniques, Ann Butera ·        AR Module, Oracle University ·        SAP – FICO/BW/AR/AP ·        Oracle Financials – AR/AP/GL ·        ACL & Teammate ·        Seven Habits of Highly Effective People, Franklin Covey ·        Numerous soft skills courses by ADP University