Chief Internal Auditor
Zahid Tractor & Heavy Machinery co.
مجموع سنوات الخبرة :34 years, 8 أشهر
• • • Lead a team of internal auditors of the dept.
• Prepare audit universe to make a list of all auditable processes, depts., divisions and Grop of Companies and chalk out the frequency of audits or coverages based on the audit resources and risk analysis.
• Prepare annual plan and analyze achievements by auditors and periods
• Guide in preparing individual audit programs detailing the process of doing the jobs to cover specific scope and objectives.
• Review audit and investigation reports of individual auditors.
• Analyze risks of individual projects, functions, areas and recommend for practical, cost effective and measurable actions.
• Develop strategies with stakeholder or auditees to address or mitigate all kinds of risks.
• Develop and analyse the process of addressing the risks and control process with the changes in the process, procedures and improvements
• Carry out investigation with the stake holders in case of severe noncompliance or gross violations guided by company policies and procedures.
• Participate in the panel of investigation as per company policy with the stake holders.
• Consultancy on request of different operations, depts., divisions and companies.
• Review company policies and procedures for individual operations, find the lapses and suggest for the modification and improvements as a continuous process.
• Review internal controls and compliances for individual business operations, financial issues, credit reviews and IT operations and processes.
• Review effectiveness of controls and avenue for control improvements.
• Review operations on request of auditees/depts or stake holders.
• Review the risk of internal controls with the changes in ERPs and take effective actions for IT controls to address the risks.
• Identify the lapses in corporate governance and review and suggest for improvements.
• Agree with the time lines or deadlines for implementation of individual recommendations.
• Follow up implementation of individual recommendations, agreed with stake holders, for individual projects.
• Disseminate the importance of internal controls with the stake holders to address and control risk of individual functions or operations.
• Keep eyes on internal control process improvements and establish the best practices in the organization.
• Set out short and long term objectives of the team members.
• Maintain confidentiality of information as much as possible, especially for sensitive issues.
• Arrange relevant and professional training programs for the auditors inside and outside the Company.
• Interview and select new auditors.
• Train new auditors to acquaint with company policies and systems/software and guide and suggest all auditors to improve their capabilities and performance and bring changes.
• Monthly closing of accounts (income statement, balance sheet, cash flow statement)
• Monthly comprehensive financial reporting from UAE to HO in Kuwait.
• Budgeting, budget variance analysis and reporting.
• Working capital management
• Bank reconciliation
• Liaise with bank and other financial institutions for credits.
• Liaise with external auditors to cover annual audits.
• Office payroll management.
• Office administration.
• Accounts payables- reconciliation and payments
• Fixed asset management
• Costing (job+process+contract) for a couple of manufacturing and construction companies.
• Budgeting, revision of budgets, budget variance analysis and reporting to higher management.
• Financial statement analysis and reporting to higher management.
• Cash flow and treasury management.
• Credit line management, liaise with banks and other financial institutions.
• Liaise with external auditors.
• Prepare project feasibility reports to arrange credits from financial institutions.
• Arrange Initial Public Offering (IPO) for the Company.
• Liaise with Securities and Exchange Commission, Stock Exchanges, Manager to The Issuer, Underwriters.
• Support preparation of prospectus and annual report for shareholders of public ltd Co.
• Prepare right share offer documents for shareholders of public ltd company.
• Periodic reporting to Securities and Exchange Commission and Stock Exchanges.
• Handling secretarial matters like running share depts., arrange meetings for board of directors, Annual General Meeting of shareholders.
• Drafting and reviewing policies and procedures relating to finance/accounts dept.
• Monthly closing of accounts.
• Manage HO and Factory accounts
• Financial statement analysis.
• Contract costing, batch costing, job order costing.
• Liaise with bank and other financial institutions and external/internal auditors.
• Treasury management
• Credit line management.
• Conversion of manual accounts into computerized ones.
• Working capital management including cash management
• Office payroll
• Bank reconciliation
• Import/LC transactions reconciliation
• Procurement for factories
• Office administration.
• Accounts payables- reconciliation and payments
• Fixed asset management
• Monthly closing of accounts.
• Financial statement analysis and reporting to higher management.
• Manage HO and Factory accounts
• Income tax.
• Liaise with banks and other financial institutions and external auditors.
• Treasury management
• Credit line management.
• Office and factory payroll
• Accounts payables- reconciliation and payments
• Bank reconciliation
• Working capital management including cash management
Conduct external audits and consultancy jobs of banks, insurance companies, investment companies, manufacturing organizations and non-government organizations (like CARE, SMC, Danida, etc) as a mandatory apprentice to do CA with The Institute of Chartered Accountants of Bangladesh.
CPA(USA); Member of AICPA, No. 6532291; Marks-Auditing 93; Accounting 81; Business 82; Regulation 78; Ethics 90
FCA (Member No. 698)
FCMA (Member No. F 276)