Abdus Sami Mohammed, Group Senior Internal Auditor

Abdus Sami Mohammed

Group Senior Internal Auditor

Majdouie Group

Location
Saudi Arabia - Jeddah
Education
Master's degree, Finance.
Experience
10 years, 2 Months

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Work Experience

Total years of experience :10 years, 2 Months

Group Senior Internal Auditor at Majdouie Group
  • Saudi Arabia - Dammam
  • My current job since July 2019

(In addition to Rolaco Group’s work profile)
• Performing Risk Based Audits & Other related Audit assignments of the Group’s Individual Entities (Logistics, Real Estate, Joint Venture, Automotive, etc.)
• Performing Quality Review of Internal Audit Reports on ad-hoc basis.

Group Internal Auditor at Rolaco Group
  • Saudi Arabia - Jeddah
  • April 2016 to April 2019

• Performing Risk & Compliance Based Audits of
Key Business Functions for the Group’s
Individual Companies (Corporate Finance,
Procurement, Logistics, Inventories and Sales,
After Sales, Corporate Services: Purchasing
Department, IT Applications; IT Operations & IT
Data Management).
• Preparation & Finalization of Risk & Compliance
Based Audit Reports for Group’s Individual
Companies (Automotive, Hospitality, Electrical
Segment, Travel & Tourism, and Machinery Rentals)..
• Identifying ‘Design Weakness’ in Internal
Controls & reporting it by Audit reports to
Management & Head of Audit.
• Discussing Observations & recommendations
with appropriate process Owners & Line
Managers to agree on action plan (exit
meetings).
• Assist as required in the investigation of
significant suspected fraudulent activities within
the Group & prepare reports with results &
recommendations.
• Providing support for follow-up of critical audit
observations requiring immediate remedial
action.
• Providing support for follow-up of pending
action plans with various departments &
companies.
• Assisted Internal Audit Manager in quarterly
reporting/ presentation to Audit Committee.
• Developed Risk Register focusing on
Observations, its Risks & Control methodology.
• Developed Risk Assessment of all Categories to
provide support in defining the Annual Risk based
Internal Audit Plan.

Internal Auditor at Ulker
  • Saudi Arabia - Jeddah
  • February 2014 to February 2016

•Internal Audit: Operational; System; Compliance & Financial Audits in Distribution sector of KSA Region.
• Assisted IA Manager for ‘appropriate ‘Controls & Procedures’ to be implemented in Operational & Financial areas.
• Participated in open meetings with department heads to explain scope & objectives of audit engagement & provided an overview of all steps in audit process.
• Understanding of business processes in scope for assigned audits by using flowcharts.
• Participated in closing meetings with client at the end of fieldwork, providing clear explanations for identified issues.
• Assisted in the preparation of a concise & informative audit report to effectively communicate the findings & recommendations to the branch/ department & senior management.
• Routine based checking of ERP modules to GL Accounts for pending Journal Vouchers, analysis on employee expenses vs. budget of allocated expenses, analysis on General & Administrative expenses vs. its respective approvals.
• Analysis of Information Systems (ERP) and recommendation over its customization.
• Monitored postings of the Accountants of 17 Branches on the ERP Software: (Industrial Financial Systems).

Project Trainee. at Bharti Axa Life Insurance
  • India
  • February 2011 to March 2011

-Project in Financial Analysis of Products.
-Preparation with the current market scenario of that period focusing on the consumers P.O.V.

Education

Master's degree, Finance.
  • at Osmania University
  • January 2012

MBA FINANCE

Bachelor's degree, Commerce(Computers)
  • at Osmania University
  • June 2009
High school or equivalent, Commerce
  • at International Indian School, Jeddah.
  • June 2006

Specialties & Skills

Multi currency
Investment Managment
Visual Basic 6
DCF Apps, TVM, Capital Budgeting, Cost of Capital, Working Capital Mgt., Equity Valuations
Internal Audit
Internal Control
Microsoft Excel

Languages

English
Expert
Urdu
Intermediate
Arabic
Intermediate
Turkish
Beginner

Memberships

Basel 3 Compliance Professionals Association
  • member only
  • August 2015

Training and Certifications

CIA (in Progress) (Attempted part 1) (Certificate)
Date Attended:
July 2020
Valid Until:
July 2024
ACCA (Part Qualified) (Certificate)
Date Attended:
December 2016
Valid Until:
December 2025
CFA Level 1 Attempted (Certificate)
Date Attended:
December 2016
Valid Until:
December 2030

Hobbies

  • Horseback riding
    Started in 2017
  • Swimming
    Learnt in 2007 :)