Summary
Overview
Work History
Education
Skills
Timeline
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Murun Avarzed

Ulaanbaatar,

Summary

Accomplished Senior Analyst with 7 years of combined experience in financial analysis, cost control, and auditing. Currently working at Rio Tinto as a Cost Controller for the AmEMEA region (Canada), where I’ve led initiatives that significantly improved reporting efficiency and data automation.

  • Developed advanced Excel and Power BI tools that streamline financial reporting and SAP data analysis, saving up to 16 hours per month and tripling team efficiency across regions.
  • Collaborate with project managers and stakeholders from Canada, Australia, and the UK to manage project financials, budgeting, forecasting, and accounting transactions.
  • Previously worked at EY Mongolia for 4 years as both Associate and Senior Auditor, handling over 15 clients across diverse industries.
  • Led audit teams, conducted internal control assessments, verified financial transactions, and prepared financial statements and audit reports for senior leadership and stakeholders.
  • Recognized as a top performer at EY, with a strong passion for working with people, data, and evidence.
  • Developed deep expertise in internal control frameworks, financial reporting, and stakeholder communication.
  • Known for strong analytical thinking, attention to detail, and empathetic collaboration across cross-functional teams.

Overview

7
7
years of professional experience

Work History

Senior Analyst

Rio Tinto
07.2022 - Current

I currently serve as the Cost Controller for the AmEMEA region (Canada) within the Project Controls team, collaborating closely with project managers from Canada, Australia, and the UK.

  • Developed the “Finman” Excel template, a financial analysis tool that tracks project forecasts, budgets, costs, and other key financial metrics. It automates data processing from SAP, saving each cost controller 2–3 hours weekly.
  • Leading the development of a Power BI report in collaboration with APAC region colleagues. This report automates SAP data extraction and analysis, projected to save our AmEMEA team 12–16 hours monthly, with even greater efficiency gains expected across APAC-E and APAC-W.
  • Prepare and analyze bi-weekly financial reports for cost controllers, saving each team member 1–2 hours per week.
  • Work directly with project managers to manage project financials, including budgeting, forecasting, and executing accounting transactions.
  • Engage with project sponsors, stakeholders, and product groups to address financial matters and resolve uncertainties throughout the project lifecycle.
  • Supported project scheduling on select projects, managing timelines, resource allocation, and progress tracking.

Senior Auditor

Ernst and Young Mongolia
10.2021 - 06.2022

Previously, I worked as a Senior Auditor at EY Mongolia, where I led and contributed to two major audit engagements during my tenure.

  • Conducted financial audits by collecting and evaluating evidence from clients to determine its validity as audit evidence.
  • Prepared and presented audit findings to audit managers, partners, the internal legal team, then key managements and shareholders of the clients.
  • Analyzed large volumes of data across accounting, business operations, legal cases, and human resources.
  • Prepared financial statements and made necessary adjustments to client bookkeeping records.
  • Led audit teams of 5–7 staff, reviewed reports prepared by associate auditors, and assessed internal controls, legal documentation, HR data, and financial records.
  • Mentored associate auditors on audit procedures, including conducting interviews with key client management, stakeholders, and shareholders.
  • Collaborated closely with client teams across finance, sales, legal, HR, and other departments to address financial transactions, audit-related matters, and gain a comprehensive understanding of the company’s operations.
  • Delivered audit findings and financial statements to client shareholders and senior management, ensuring all documentation was reviewed by partners and audit managers prior to publication.
  • Prepared Management Letter Points (MLPs) for clients, highlighting areas for improvement—particularly in accounting practices and internal control systems.
  • Participated in IT and forensic audits, both independently and in collaboration with international EY teams, depending on the client’s business model.

Associate Auditor

Ernst and Young Mongolia
10.2018 - 09.2021

As an Associate Auditor at EY Mongolia, I worked with over 15 clients across various industries, gaining hands-on experience in financial audits and internal control assessments.

  • Researched internal control designs and conducted efficiency tests through interviews with control owners and key management. Findings were reported to senior auditors and audit managers.
  • Performed audit procedures based on control effectiveness, focusing on significant transactions and evaluating clients’ financial health.
  • Assessed and documented audit evidence to ensure completeness and reliability, free from external influence.
  • Verified significant financial transactions and reconciled discrepancies.
  • Analyzed large volumes of data, particularly in accounting, legal cases, business operations, and human resources.
  • Collaborated closely with client teams across finance, legal, HR, and operations to gather insights and ensure audit accuracy.

Education

MBA - Financial Management

University of Finance And Economics
Ulaanbaatar, Mongolia
04.2001 -

BBA - Business Administration

University of Finance And Economics
Ulaanbaatar, Mongolia
04.2001 -

Skills

Communication

Timeline

Senior Analyst

Rio Tinto
07.2022 - Current

Senior Auditor

Ernst and Young Mongolia
10.2021 - 06.2022

Associate Auditor

Ernst and Young Mongolia
10.2018 - 09.2021

MBA - Financial Management

University of Finance And Economics
04.2001 -

BBA - Business Administration

University of Finance And Economics
04.2001 -
Murun Avarzed