Group Head of Internal Audit
NPS-Energy Group
مجموع سنوات الخبرة :18 years, 6 أشهر
Inducted as Group Finance Manager and worked up the hierarchy to merit promotion to the position of Group Head of Internal Audit.
Designation Chronology:
• January 2008 - Present: Group Head of Internal Audit
• November 2005 - April 2008: Group Finance Manager
Key Responsibilities:
• Developing and maintaining a charter for the Internal Audit function which reflects audit results and variations as to make appropriate recommendations to improve operation and maintaining Internal Audit Key Progress Index.
• Recruiting, organizing and training new staff while identifying a core team of future management.
• Preparing procedures/policies for internal audit, assigning staff and budgeting hours for audits, tracking the progress of audits and providing technical assistance to auditors for smooth execution of internal audits.
• Setting-up the procedures manuals, risk registers, internal audit policies and procedures, charter plan and internal audit program and systems for the different group entities.
• Transforming audit services function into an analytical, risk-focused and professional practice, thereby providing insights, leveraging internal audit and risk management in light of current business environment and risk metrics.
• Establishing risk- based internal audit plans for the purpose of review and approval by CEO and the Audit Committee, thus determined the direction and objective of proposed audit works and developed audit procedures in alignment with organizational goals/ standards.
• Conducting internal audits and investigations in conformity with organizational policies and procedures and making suggestions to enhance the audit process.
• Instrumental in determining the adequacy and efficiency of the Group’s systems of internal accounting and operating controls to ensure smooth functioning of the operation in an efficient and effective manner.
• Analyzing management controls designed to safeguard group resources and verify the existence of such resources as well as reviewing the efficiency and effectiveness of group processes and recognize opportunities to enhance operating performance.
• Evaluating operations and programs to ensure that the results are consistent within established goals and objectives & the operations or programs are carried out in an optimal way.
• Aiding in creating a comprehensive guideline and schedules for internal audits and reported key audit findings to the Senior Management and Directors for further corrective measures.
• Assuming responsibility for coordinating efforts with the external auditors for NPS - Group, simultaneously ensuring compliance with company policies on ethical business conduct.
• Responsible for identifying adequate controls incorporated into information technology systems to ascertain smooth execution of workflow.
• Carrying out special projects as requested by executive management and audit committee for seamless functioning of activities leading to optimal growth chart of the organization.
• Conducting due diligence and valuation exercises on target companies as a new venture support service consistent with overall goals and objectives of the organization.
• Fostering effective channels of communication with external experts performing due diligence on NPS Group, whilst ensuring strict adherence to organizational policies and procedures.
• Tracking the internal audit progress and providing inputs to ensure holistic coverage of all audit aspects with specific thrust on key risks/concerns. Evaluating system effectiveness and performing professional audits in accordance with the approved audit program.
• Verifying the accuracy and conformance of financial transactions to prevalent statutory regulations, thus maintained records and facilitated audits.
• Overseeing the supervision of Group organizational restructuring in close coordination with Group Legal and Finance Departments, thus ensuring procedural adherence .
Highlights:
• Managed the setup of organizational structure and financial policies and procedures for the group.
• Played a cardinal role in introducing ERP for the group.
• Responsible for setting up Group Periodical Reporting on periodic basis as well as treasury functions within Finance department to handle the fund raising and cash management process throughout the group.
• Played a pivotal role in setting up supply chain function to handle the group’s non-cash resources management.
• Instrumental in setting up an authority matrix and budgeting process and budgetary control for the group.
• Efficiently maintained private placement and expansion processes by supervising the corporate financial aspect of the same encompassing due diligence, business valuation and feasibility study.
Key Responsibilities:
• Formulated and administered the overall strategic financial plans and business controls based on company policies as directed by the Chief Finance Officer.
• In-charge of group’s financial accounts and systems, revenue recognition and general accounting policies and procedures, thus ensured timely completion of monthly, quarterly and annual financial statements of the group.
• Foresaw all accounting procedures and systems used by the group, simultaneously contributed to the achievement of the company objectives by imparting guidance on financial strategy.
• Oversaw the supervision of all aspects of corporate financial business processes in compliance with applicable laws and regulations.
• Monitored overall activities of the staff engaged in the short- and long-range financial planning and budgeting of labor and expenses for the assigned group.
• Assessed comprehensive strategy to integrate financial goals, including year-end tax & Zakat provisions for provisional & final tax declaration.
• Streamlined the preparation of budgets and financial reports for the group, including income statements, statements of financial position, tax returns and reports for government regulatory agencies.
Previous Professional Experiences:
• October 2002 - November 2005: Audit Manager with KPMG, Alfozan & Banaga Audit Firm
• June 2001 - October 2002: Audit Supervisor with KPMG, Alfozan & Banaga Audit Firm
• September 1989 - June 2001: Audit Manager with Ayoub Sabri Public Accounting Office, Riyadh - KSA
• September 1984 - August 1989: Senior Auditor - Suleiman Alhumain Public Accounting Office, Riyadh - KSA
• July 1982 - August 1984: Auditor with Audit & Consultancy Company (Mahasi & Company), Khartoum - Sudan
Training Courses & Workshops Attended: • On Job Courses in Corporate Finance and Assurance • July 2002: Transaction Services Course in KPMG Training Centre / Brussels • May 2003: New Managers Workshop in Bahrain • November 2003: Transaction Service Accreditation Course – Dubai • January 2004: Corporate Finance (Business Valuation + Mergers & Acquisition+ Negotiation Skills) Training Course, Cairo (6 days) • June 2004: Forensic Audit Training Course, Dubai • July 2004: Transaction Service 1+2 Training Course, Colombo • 29th May 2005 – 2nd June 2005: Investment Valuation 3 Training, Dubai • 2nd October 2005 – 4th October 2005: Transaction Services 3 Training, Cairo
