Comliance Manager
SCCT (Suez Canal Container Terminal)-APMT
مجموع سنوات الخبرة :15 years, 4 أشهر
Achievements
One of top ten employees in SCCT for year 2017
Responsibilities
• Work on all activities related to Compliance ( financial reporting risk, anti-fraud management, and ABC Risk. FTC, Whilst blower training )
• Nominated by MD as a point of contact in SCCT with APMT global risk and compliance team for handling any compliance issue in SCCT as :
- Maintaining FTC including “Sanction screening for customers and suppliers”.
- Make sure that all transactions are complied with FCPA and Communicating Anti-Corruption and anti-bribery program in SCCT.
- Train SCCT staff on APM Code of Conduct topics “e.g. Financial integrity, Obeying law and act with integrity, sustainability commitment, Interaction with government officials..etc.”
- Investigate any Fraud or Corruption case that might come up .
• Maintain risk register for SCCT and make sure that its usually updated with high risk areas and way of mitigating these risks.
• Drive the organization risks and resolve risks identified.
• Maintain and insure that APM control manual is in place and Evaluate performance of controls done “ Control Manual include 104 Controls covering “General Controls, Requisition to Pay cycle, Order to Cash cycle, Fixed Assets cycle Accounting to reporting cycle, Insurance, Tax and HSSE controls.
• Design efficient and effective controls to minimize errors in financial reporting and minimize risks using the Group framework.
• Ensure that all policies applied and followed by all departments, review updates and follow creating new ones.
• Review, and assess the authority levels assigned to different functions and positions and ensuring proper segregation of duties.
• Reviews the company’s accounting, financial, and other operations (both manual and computerized) to determine the adequacy and effectiveness of financial internal control systems.
• Keeps informed about current changes in laws and regulations that may occur from time to time, that affect Risk and control function.
• Handling Tax issues related to VAT and Income Tax with Tax advisor and Gov. tax authority.
• Responsible for giving approvals saving done on CI projects.
From”8th Nov 2015 to 19th Nov.2015” Joined Special Assignment with Earnest &Young in Jordan on Two APMT entities to perform Control Review and on them and to ensure its compliance with APMT control manual
• Aqaba Logistics village (ALV) http://www.alv.jo/
• Aqaba Container Terminal (ACT) http://www.act.com.jo/
Governance and Compliance Responsibilities:
Work with management team to enhance the compliance culture in the company through developing and maintain policies and procedures which support the company’s ethics and culture .
Provide training for SCCT staff on APM Code of Conduct topics “e.g. Financial integrity, Obeying law and act with integrity, sustainability commitment, Interaction with government officials..etc.”
Promote using whistle blower system.
Ensure that compliance policies related to anti-corruption and Anti-fraud are effective through reviewing accounting transaction and provide recommendation for any deviation.
Provide support for management through giving business advises related to compliance.
Facilitator at risk management committee; communicate with senior management to identify risks and its type, make risk assessment for identified risks “likelihood and impact”, identify the risk response and monitor the response to make sure that risk is mitigated.
Maintain risk register for SCCT and make sure that its usually updated with high risk areas and way of mitigating these risks.
Maintaining FTC including “Sanction screening for customers and suppliers” to comply with international laws and to avoid any penalties.
Investigate any Fraud or Corruption case that might come up.
Maintain and insure that APMT control manual is in place and effective.
Evaluate application of controls “ Control Manual include 160 Controls covering “General Controls, Requisition to Pay cycle, Order to Cash cycle, Fixed Assets cycle Accounting to reporting cycle, Insurance, Tax and HSSE controls.
Tax Compliance Responsibilities:
Manage, control and report all of the tax liabilities to minimize the tax burdens for (e.g. VAT, salaries tax, Withholding tax, Stamp Tax and income tax.),
Providing tax planning and optimization opportunities advice to the business
Proactively inform the Local Management of any change in tax regulation to support fast and efficient business decision making.
Timely preparation and filling of different tax returns and processing tax payments.
Review monthly, quarterly and annual tax reports before submitting.
Update the company finance department and the whole department attached to tax transaction with the latest tax law amendment, and to present the effect of the amendment upon the business.
Attend and facilitate proper processing of tax inspections and alignment on any tax risk and tax inspection with the management.
Participate in reviewing and preparing tax returns for all taxes including payroll tax, VAT and any other applicable taxes, Withholding Tax.
To follow up the taxes files inspection and any outstanding transaction with the authorities and Participate in performing the tax inspection process.
To follow up the preparation of the required set of documentation and reports for the tax inspection purposes
To manage the relations among tax authorities and tax consultant and the company in all of the tax treatment processes.
Identifying tax savings and suggesting ways to increase profits.
Supporting on new projects from tax perspective.
Achievements
- in SCCT On Jan 2014 SCCT decided to replace RBS system with NAVIS seystem"N4" (terminal operation system). And went live in new system"N4" on Sep 2014
I’m super user during all phases of testing the system and applying configuration and data base testing to insure that all services applied on tested
Participate in data immigration from old system(RBS) to NAVIS system “production phase" .
Making reconciliation between old system and NAVIS in order to insure that all data immigrated with correct data.
Responsibilities
• Supervise up-to-date billing system, generate and send out invoices.
• follow up on collection process, and organizing a recovery system and initiate collection efforts.
• Review aging analysis to ensure compliance.
• Follow established procedures for processing receipts, cash etc..
• Communicate with customers via phone, email, mail or by holding meetings, Investigate and resolve customer queries.
• Supervise on billing process, collection and reporting activities according to specific deadlines.
• Maintain month-end closing within deadlines including (Review accounts reconciliations, monitor customer account details for non-payments, delayed payments, Review AR provision according to company policy).
• Perform monthly revenue analytical report.
• Maintain accounts receivable customer files and records
• Participate with commercial in reviewing customers prices and rebates.
• Participate in VBS "Value based sales" and ABC "Activity based costing"
• Participate in making financial scenarios for unexpected events that occur like strikes.
Payable and Fixed assets Accountant "From Dec-11 till Oct-12"
• Perform AP cycle through (reviewing and verifying invoices and check requests, uploading invoices to the system then sort, code and match invoices with its PO and set invoices up for payment and review the suppliers accounts to ensure that payments are up to date.
• maintain vendor files.
• prepare and process electronic transfers and payments
• track expenses and process expense reports
• reconcile accounts payable transactions and prepare analysis of accounts
• correspond with vendors and respond to inquiries
• produce monthly reports and assist with month end closing
• provide supporting documentation for external audit.
• Maintain all tax records "Sales tax-withholding tax"
Fixed Asset
• Create and monitor a system of controls, procedures, for the recordation of fixed assets.
• Recommend to management any updates to accounting policies related to fixed assets.
• Record fixed asset acquisitions and dispositions and depreciation for all FA in the accounting system.
• Track the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed.
• Reconcile the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger.
• Investigate the potential obsolescence of fixed assets and Conduct periodic impairment reviews.
• Conduct periodic physical inventory counts of fixed assets.
• Track company expenditures for fixed assets in comparison to the capital budget and management authorizations.
Other Ad hock Tasks:
• Participate in preparing financial statements.
• Participate in audit questionnaire and external audit requirements.
• Perform inventory evaluation and write-down.
• Participated in working capital improvement project.
• Perform internal audit related tasks.
Responsibilities:
* performing the Audit According to Audit Standards.
* Performing Substantive Audit procedures according to Auditing Standards of all financial
statements sections to ensure that company's financial statements are fairly presented according to Accounting Standards, and IFRS.
* Assessing and testing the internal control environment, and reporting weaknesses to
Client’s management (Management Letters) & Review Reports pertaining to the
Financial Statements.
* Checking the Reliability & Accuracy of the Accounting Records.
Engaged in the Audit Department in Charge of Several Local and international Companies in investment and real estates such as:
Belad for real estate investments, century for real estate investments and Real estate solutions, ACICO industrial Co. and Masaken international real estate.
Service companies:
Al-cornich club, Mawasem for Haj and Umrah, Kuwait riding centre .
Responsibilities:
* performing the Audit According to Audit Standards.
* Performing Substantive Audit procedures according to Auditing Standards of financial
statements to ensure that company's financial statements are fairly presented according to Accounting Standards, Central Bank of Egypt Regulations & (GAAP).
* Preparation of audit programs pertaining to the above-mentioned items.
* Assessing and testing the internal control environment, and reporting weaknesses to
Client’s management (Management Letters) & Review Reports pertaining to the
Financial Statements.
* Checking the Reliability & Accuracy of the Accounting Records.