Internal Audit Manager
Abu Dhabi Aircraft Technologies
مجموع سنوات الخبرة :22 years, 2 أشهر
• Managing the internal audit function and team and leading the execution of internal audits in Financial, Operational, Information Technology and Advisory reviews.
• Leading the Risk Assessment and support for setting up the Internal Audit Function of Turbine Solution & Services, the wholly owned subsidiary of ADAT which is involved in Engine MRO and turbine services for industrial business.
• Reporting to the Vice President Group Internal Audit based in Zurich and locally to the President and Audit Committee at ADAT and reporting to the Audit & Risk Committee at TS&S.
• Liasoning with Senior Management of the entity and its subsidiary and Mubadala Internal Audit Function and Mubadala key management personnel and involved in developing and presenting time to time business review reports and Management Presentations on special projects assigned.
• Owing to the takeover of Airframe and Component business by Etihad, closely involved in transition projects including developing and implementing process flow for shared services including, sharing of operations (Engine Process Shop and Technical Shops) and support functions including IT, Facility, Human Resources etc. ensuring control framework around the process.
• Involved in transition projects including advising on carve-out of Engine Business and other intercompany transactions from financial system.
•Transitioned to Etihad Airways in 2015 owing to takeover of ADAT (now Etihad Airways Engineering) by Etihad Airways from Mubadala.
•Account managed Etihad Airways Engineering (provides MRO services to Etihad Airways having fleet size of 120 aircrafts, Equity Partners and third parties) with revenue of USD 250 million.
•Subject Matter Expert in project leading technical audits on Maintenance Repair & Overhaul, strategic reviews over developing new Component Capabilities, process and cost control reviews over aircraft maintenance, rotable management & maintenance cost benefit analysis & fleet analysis.
•Successfully delivered governance reviews over Profit and Cost Reduction Initiatives for the Airlines & Supply Chain Management across Etihad Aviation Group (EAG).
•Project led SAP post implementation review of Accounts Payable, identifying process control weaknesses and Vendor duplicate payments. Was instrumental in setting up key controls and data analytic scrips for periodic checking of duplicate payments using IDEA - Data Analytics.
•Handled annual audit reviews for EAG subsidiaries - Etihad Airports Services-Catering & Etihad Flight College including aircraft utilization assessment and Pilot program turnarounds.
•Led international assignments of aircraft maintenance reviews for Air Serbia and Air Seychelles identifying cost reduction measures and Station Reviews for Greece.
•Pioneered developing new Weighted Average Risk Assessment model for annual Audit Planning process for Etihad Aviation Group in 2017.
•Consistently delivered measurable value to the business of USD 6 million in 2015,
USD 8 million in 2016 and USD 7 million until September 2017.
Managing/conducting risk management, risk assessment and internal audit engagements and engagments involving development of polices & procedures/delegation of authority/fraud control policy/corporate governance etc.,
Was seconded as Head of Internal Audit for ADNEC (exhibition company in Abudhabi) reporting to the MD and Audit Committee for a term of 1 year.
Job reporting is to the Audit Comittee/Executive Management and Partner at KPMG.
Have conducted many trainings (within KPMG and outside) to Internal audit staff and students in accounting/audting profession.
Successfully executed audit practice conducting audits and special engagements for multi-national clientele including Indian Stock Exchange Listed Companies with turnover ranging from INR 100 to 500 million. Areas of expertise include:
•Operational risk assessments, Internal and management audits and business adivisory work for corporate clients in manufacturing, pharma, FMCG & entertainment sectors
Involved in business advisory services for setting up of company/branch/subsidiary in India. Advising and opinions drafting on implication of indirect taxes on business cost/ potential litigations/non-compliance to legislations. Team member in due dilligence engagements.
Team member and team leader in various Audit and due dilligence engagements. Hands on experience in executing and managing audit until signoff and reporting stage. Was seconded to client for single handed managing and development of fixed asset capitalization of chemical plant. Key team player and team member in handing many audit engagements including identification of key observations of value to business. (saving cost of over a million per quarter, recommeded chages to revenue recongition based on compliance to Accounting standards) etc.,
Have obtained Fellowship.