Senior Internal Auditor
Jaddarah Workforce Services Company
Total years of experience :13 years, 3 Months
Prepare the internal audit plan short & long term, including timelines for audit activities, reporting deadlines, resource allocation, and areas to be audited.
Review the financial & operational adequacy of policies and procedures throughout the year.
Identify weaknesses in operational processes and provide recommendations for process improvements to add value to the business.
Conduct variance Audit in the following areas Inventory and stores, Purchase & Procurement, Human, resources & payroll, IT audit related risks are identified and mitigated by IT and Accounts payable & receivable department.
Prepares audit supporting work papers to document audit procedures and conclusions, as well as the written and verbal representation of audit findings.
Conduct special investigations into suspected frauds, thefts, losses, embezzlements, false statements, and other assigned tasks as delegated by management.
Carry out audits and compliance testing to ensure that procedures are operating effectively with appropriate controls, Cost saving and recommended changes where necessary.
Assisting Head Audit in preparation of presentation for audit committee, CAE or President.
Successfully identified and addressed over 16 instances of financial discrepancies, resulting in a total cost savings of SAR 1.1 million for the company.
AYTB has grown steadily since then to a major industrial multidisciplinary group hosting over 6, 000 of workforce serving its clients of the oil and gas, chemical and petrochemical, power plants, aluminum and steel sectors and other multinational Contractors in the fields of Plant Project Services, Operation and Maintenance, Manufacturing, Industrial Cleaning Services, Plant Machinery and Vehicle, and Housing and Catering.
Working under Oracle Environment, responsible for:
•Leads, develops and implements planning of audit work in accordance with the scope and complexity of the area under review.
•Reviews and evaluates adequacy and effectiveness of internal controls, and compliance with the policies and procedures.
•Verification of Cash, Bank and Journal Vouchers which also includes verification of all incomes and expenses.
•Verification of Sub contractor bills with agreements and work orders.
•Verification of monthly Bank reconciliation statement of all the Banks.
•Verify the stock reports on monthly basis which includes physical verification of stock.
•Physical verification of Fixed assets and verify the depreciation statements.
•Audit of Accounts Receivables Department and Accounts Payables Department - Review and verification of records to ensure documentation and recording is in compliance with standards, policies and procedures
•Prepares audit supporting work papers to document audit procedures and conclusions, as well as written and verbal representation of audit findings
GCC (www.gccksa.com) is set up to undertake complete construction activities for industrial Projects in the Oil & Gas, Petrochemical, other industrial sectors and related infrastructure fields, including Power & Water. Based in Dammam, GCC has the capability to work throughout all areas of Saudi Arabia.
Working under ERP (SAP) Environment, responsible for:
•Conducting audit as per audit areas assigned and preparation of audit reports
•Conducting Management, Operational, Process, Financial and compliance audits
•Discussion of audit reports with auditee and closure.
•Identification of process improvement opportunities, cost control and revenue leakages
•Implementation follow up
•Assisting Head Audit in preparation of presentation for audit committee
Working under ERP (Oracle JD Edwards) Environment, responsible for:
Monitoring day-to-day Accounts activities and preparing M. I. S. Reports
Looking after the Accounts Payables i. e Remittance to Creditors in time
Follow up Accounts Receivables & Reconciliation with the Party accounts (Credit Control
analysis based on Party, Billing & Past Performance).
Review of Purchase Order, Bank Reconciliation Statement & monthly Trial Balance, Profit and Loss Account and Balance Sheet
Implement proper system and control for cash
Managing Group Companies Reconciliation Statement.
Accounting & Finance
M.B.A. (Finance)
CA