Internal Audit Manager
Ala Metals LLC
Total des années d'expérience :15 years, 10 Mois
ALA Metals LLC is a trader in ferrous / nonferrous metals scraps. Its head office is located in Dubai U.A.E. and having subsidiary companies and operational yards. I have been appointed to set up internal audit function from scratch, liaise with senior management to set scope of audit and conduct audit across finance, hedging, shipping and GL function and streamline information system.
Area of responsibilities:
o Ensuring compliance of organizational rules, regulations & guidelines and perform control test on daily operation including accounts receivable & payable, provisional pricing, petty cash, general ledger, inventory, claim and hedging modules and periodic reporting to management along with recommendations.
o Monitoring commodity hedging effectiveness, co-relation of operational traded stocks with derivatives & periodically analyzing the price fluctuation risk underlying in stocks and hedging derivatives quantitatively. Further ensuring the cost of rollover trade is charge out to respective supplier & buyers.
o Coordinate to perform periodic closing activities, supporting details, finalization of accounts and preparation of financial statement, cash flows and perform analytical review thereof.
o Supervise system development to incorporate audit control in purchase & sale module, automating accounting entries, recording of derivatives enabling information system to provide timely and robust financial analysis and support for decision-making.
Nimra Textile is a textile manufacturer cum exporter of textile made ups having weaving, processing and stitching facilities. I have worked as manager accounts with the below mentioned responsibilities report able to director account & finance.
Areas of Responsibilities
o Oversees the daily accounting activities to maintain the General Ledger, Accounts Receivable, Accounts Payable, Stocks & stores, petty cash and payroll modules.
o Perform periodic cut off procedures and prepare periodic financial statements, cash flows and supporting details & reporting thereof.
o Monitoring the receivables and payables by validating, recording and aging of invoices as per terms of contracts, follow ups for collections, prepare payments advices & e-payments and accounts reconciliations.
o Supervise tax department in preparation & filing of periodic income & sales tax returns and ensuring compliance with statutory requirements for tax deductions for payments against sales of goods and services.
o Coordinate with external & internal auditor in periodic and continuous audit & stock take assignments.
Zahid Jamil & Co chartered Accountant is an audit & consultancy firm approved by ICAP for training the students of chartered accountancy and a member firm of Prime Global International. I have worked from audit junior to supervisor level with the below mentioned responsibilities report able to audit manager & principal partner.
Areas of Responsibility
o Prepare financial statement as per international accounting standards IAS and international financial reporting standards IFRS and perform ratios analysis & trend analysis.
o Perform audit & assurance assignment as per International Standards on Auditing (ISA) and local regulating bodies with the responsibility of audit planning, understanding & assessment, audit program, execution, supervision, review up to finalization and reporting.
o Perform other agreed upon procedure assignments including internal audit, periodic stock take, management book keeping, management audit, and periodic tax return filings and feasibilities studies.
o Worked as system analyst and perform system development assignments by defining user information & interface requirements, data flow diagrams, data entry forms & reports, system testing, system changeover and integration of various modules.
Chartered Accountant.(Finalist)
PIPFA Qualifed