Officer Risk, Compliance & Audit
Saudi German Hospital
Total years of experience :12 years, 6 Months
• Identification of potential risks in financial stability, detects of potential threats to operational efficiency and safety risks to the hospital.
• Helping the process owner in assessing the new risks and designing/improving the controls for existing and/or new entities and incorporating the same into the hospital software.
• Audit mainly focused on hospital operations, financials and strategic side, areas include but not limited to, billing and insurance process/ system, CSR, Patient relations, Purchase department, pharmacy and warehouse process/ system, HR operations, daily collections, marketing strategies, promotions and packages, financial reporting, payroll process and pre-verification, Admission & discharge process, facility management, Laboratory process and contracts, Radiology system.
• Enquiring the events occurred in the process resulting from the weakness of the controls and/or due to an unknown risk. Recording the same into the system and suggesting the steps to forbid the same in future.
• Prepares and maintains internal and external data gathering for risk analysis and reporting.
• Designs and implements methods for avoiding potential threats using available risk metric and personal knowledge of the industry.
• Delivers regular risk analysis reports to company CEO complete with actionable plans for avoiding or preventing potential threats at all levels.
• Performing the due compliance tests on time to check the effectiveness of the controls and reporting the same to the concerned authorities.
• Coordinates programs designed to minimize threats and anticipate threats to the company.
• Manages and prepares all documentation related to risk assessments and reviews of standard operating procedures.
• Review of Standard operating procedures and assisting operations owners in preparation of SOPs.
• Conduct Special audits including investigative and fraud activities.
• Conduct monthly Payroll and Cash audit.
• Recognizes potential threats to the company’s reputation including marketing missteps.
• Engage in physical verification of inventory and cash count at various locations.
• Recognizes potential threats to the company’s reputation including marketing missteps.
• Managing and leading team of 2 Assistant Risk officer
Perform Operational, financial, compliance and investigative audits to ensure the efficiency and effectiveness of internal control and reliability of financial information.
o Assisting Head of Department in preparing risk based annual audit plan and audit charter.
o Preparing audit programs for Hotels and tours division process.
o Perform complete audit cycle in areas like hotel purchases, room, food and beverages, gate passes and complete financial analysis of Tour division.
o Perform review on all accounts including Accounts Receivables AR, Payables AP and General Ledger GL.
o Perform review on budget perform and recommend
o Prepare process and control flow charts to identify weaknesses in internal controls.
o Perform root cause analysis of audit findings along its impact on business objectives to enable effective risk mitigation.
o Communicate audit findings, resolution opinion, proposed new procedures and controls, prepared audit summaries to take management action plans.
o Support and advice unit management on control issues and audit recommendations implementation.
o Leading audit team as per requirement.
EXPERIENCE - INTERNAL AUDITOR
THUMBAY GROUP, UAE| Retail, Hospitality, Construction, HealthCare, Project Management, TPA & Education (March 2014 - present, can switch immediately)
KEY RESPONSIBILITIES
o Executed Operational, financial, compliance and investigative audits for Corporate, Retail, Hospitality divisions, Construction and Maintenance, Marketing, Health care and Education divisions of the group as per audit methodology to ensure the efficiency and effectiveness of internal control and reliability of financial information.
o Performed preliminary survey and prepared suitable audit program.
o Executed full audit cycle including risk and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives, policies and regulations.
o Performed risk assessment to identified risk areas and ranked risk according to impact and likelihood.
o Determined internal audit scope and objectives and assisted CAE in developing annual plans.
o Reviewed accounting records and reports to ensure compliance with IAS / IFRS and accuracy of financial control.
o Obtained, analyzed and evaluated accounting and system (IT) documentation, reports, data, flowcharts to test the controls.
o Performed review on all accounts including Payroll, Fixed Assets, Accounts Receivables AR, Payables AP and General Ledger GL. Assisted management in budget meetings.
o Prepared process and control flow charts to identify weaknesses in internal controls.
o Maintained appropriate documents to support audit requirements at various stages of control points.
o Performed root cause analysis of audit findings along its impact on business objectives to enable effective risk mitigation.
o Communicated audit findings, resolution opinion, proposed new procedures and controls, prepared audit summaries and detailed reports on control weaknesses, financial errors to the line authority / management for effective decisions and drafting management action plan. Hold audit exit meeting to achieve the purpose.
o Support and advice unit management on control issues and audit recommendations implementation.
o Performed review audits and follows up testing to check implementation on action plans.
o Conducted analytic review of key metrics and operation data.
o Contributed, as appropriate, in the year-end financial audit with the external auditor.
o Provides advice on internal control and participates in enhancing internal audit standards.
o Performed audit as a team member and lead assignments by supervise team of 5 members.
o Researches new or technical subjects when required to support audits
o Lead monthly Payroll and Cash audit.
o Lead physical verification of inventory and cash count at various locations.
Major Assignments:
o Operational Audit for - Healthcare, Retail and Hospitality Verticals (Billing, Insurance, Procurement, Store management, Customer handling, Call Centre)
o Treasury process audit - Thumbay Group
o Accounts Payable Audit - Healthcare Vertical
o Student billing and Account Receivable audit - Gulf Medical University
o Ledger scrutiny - Retail at Thumbay Group
o Cash and Inventory management - ThumbayHospital
o Collection and deposit reconciliation
o Logistics Operations - Thumbay Hospital
o Marketing Strategies - Review marketing policies and procedure for efficiency and effectiveness.
o Construction and Maintenance, Project Management Audit - Retail, Pharmacy and Clinic
o Compliance Audit - Pharmacy formation
o Insurance Operations - Aafiya Insurance TPA
o Payroll Operations Audit - Thumbay Group
o Cash and Inventory management - Thumbay Group
KEY RESPONSIBILITIES
o E-reporting on Billings. Worked on billing software to extract different types of reports.
o Tracking receivable area wise and reporting on balances to be received from different areas.
o Office administration and cash matters.
o Handling customer complaints and keeping records of the same.
Major Assignments:
o Receivables Aging
o Collection reconciliation
o Preparation of outstanding balance reports
o Root cause analysis for late or non-payment or late payment
KEY RESPONSIBILITIES
o Giving lectures to students of ACCA & Bachelors of commerce on subjects, Audit & Assurance, Advance Accounting, Business Mathematics & Statistics, Business Management
o Drafting Mocks for the testing and examination preparation.
o Drafting key presentation and concept matrix for students.
o Preparing student performance analysis report with root cause for improvement purpose.
ACCA qualified
Certified by ACCA
• Bachelors of Commerce (July 07-July 09) Scholars Cantt College of Commerce - University of Agriculture, Faisalabad, Pakistan Marks Obtained: (922/1500)
• PRE-ENGINEERING (May 05-May 07) Federal Board of Intermediate & Secondary Education, Islamabad, Pakistan Marks Obtained: (673/1100) • SSC (Physics, Chemistry, Biology)
