Head of Audit Analytics , IT & Commercial Audits
Lucky Core Industries Limited
Total des années d'expérience :16 years, 11 Mois
Preparing annual risk-based internal audit plan with overall coverage of at least 85% of key processes.
Applying risk assessment model for 100% of the auditable areas to assess and prioritize risks.
Ensuring 100% compliance of internal audit policies, procedures, and guidelines.
Assessing Companys risk management process
Assessing biannually Enterprise Risk Management (ERM) and report top risks to the Audit Committee.
Providing assurance on IT systems and related controls with respect to their design & operating effectiveness.
Investigating whistleblowing cases when received and leverage data analysis to support the conclusions.
Formulated system for internal audit work documentation.
Re-evaluating ERM framework and recommending changes to align it with recent global trends.
Establishing and assigning departmental goals to team members and evaluating their performances.
Rationalized audit universe by more than 35% by reducing the auditable entities to 300 \[previously more than 500\].
Created an integrated internal audit risk assessment template with overall heatmap to identify areas with elevated risks.
Provided assurance on annual turnover of PKR 325 billion \[US$ 2 billion\].
Lead the project of Quality Assessment performed by EY team and secured 95% compliance of IIA Standards.
Ensured more than 95% compliance of audit timelines agreed in internal audit plan.
Consistently achieved 100% of the annual audit plan targets.
Prepared all Board Audit Committee (BAC) reports and related supplementary data for presentation.
Formulated a mechanism for agreed action item follow ups with periodic reporting to the Audit Committee.
Maintained 100% compliance with the timelines for verification of Government tariff differential claim (subsidy) invoices prior to submission to Ministry of Finance and NEPRA (the regulator) with an average monthly impact of PKR 250 million.
Lead NEPRA regulatory write-off as per Multi-Year Tariff (MYT) decision.
Designed robust system for verification of NEPRA write-off cases based on on-field evidence along with system-based data available with different data points for around 3.2 million consumers.
Country wide implementation of ERP with 100% conversion within 6 months’ time.
100% reporting timeline compliance with the reporting schedule received from the Group Office UK,
Participated in Planning and Co-ordination Meeting (PCM) and added value through financially appraising marketing plans and discount offers and its impact on margins.
Developed integrated spreadsheets for 100% automated calculations for budget and rolling forecasts.
Maintained the whole ERP system and devised and implemented controls.
Realigned processes of supply chain, finance, and manufacturing facility.
Prepared funding notes containing 5 years mid-term strategic plans based on IRR evaluations and cash flow projections along with supportable data
obtained through research and comparison with other industries. Key objective was to maintain the PKR 230 million financing line.
Prepared presentations for management including board of directors and executive office based in UK.
Preparing annual budget for management review
Financial data analysis and business performance reporting to management.
Evaluating working capital requirements based on forecasts from sales and marketing teams.
Collected data and developed detailed spreadsheets to identify trends and create revenue, profitability, and expense forecasts.
Conducted detailed financial analysis to identify and evaluate changes in operations, trends, and potential areas of improvement.
Developed forecasting tools to analyze revenue variances and capitalize on industry trends.
Supervising and finalizing external audits including but not limited to in Real Estate Development, Aviation, Cement, Media, Hospitality, Brokerage
House, IWPP, Logistics etc. industries,
Developed financial models for calculating monetary impact based on relevant IFRS / IAS and advised clients regarding the interpretation of the
requirements of applicable reporting framework (IFRS) and other local laws, as applicable in Pakistan, to help them prepare compliant financial
statements.
Devised creative test of controls and test of details to satisfy the audit objectives.
Seconded twice during the article ship period to EY Dubai and EY Abu Dhabi.
Secured A Grade