Senior Internal Auditor
Boubyan Takaful Insurance Company
Total years of experience :11 years, 4 Months
Assists in developing and directing a broad, comprehensive program of internal audit within the company. Assists in planning, scheduling, monitoring and managing internal audits within assigned areas to examine and evaluate the adequacy and effectiveness of the systems of internal controls provided by the company to direct its activities toward the accomplishment of its objectives in accordance with the policies, procedures and plans. Communicates the results of audits with the IA Manager at the company.
-Performing Planning phase on assigned areas of an audit;
-Performs regular internal audits, special investigations and special projects within the company to ensure strict adherence to the company’s policies and procedures;
-Performs audits on the performance of individual departments of the company, and identifies where policies and procedures are not being implemented sufficiently in line with guidelines;
-Ensures that all individual audit work papers and records are prepared according to international internal auditing standards and filed according to requirements. Includes preparing work and recording facts and comments;
-Prepares audit reports, discusses findings with the audited departments and prepares follow-up comments;
-Ensures all audit activities are carried out in compliance with internationally accepted internal audit standards. Ensures adherence to laws and regulations pertaining to company’s activities locally and internationally;
-Follows-up with concerned departments to ensure that approved recommendations or corrective action have been taken. Prepares record summaries of actions recommended and taken. Reports delays to Audit Manager;
-Provides assistance to external auditors as requested; and,
-Maintains an up-to-date awareness of the latest auditing techniques and professional audit standards locally and internationally.
A wide breadth of experience as a result of exposure to varying engagements including but not limited to: ICRs, internal audit, risk management, compliance and Finance consulting، Professional and working exposure to various industries, such as construction, insurance, investment, real estate. Excellent working knowledge with organizational functions, such as finance, operations, sales & marketing, human resources, treasury, and direct investment. Capable of strategic, critical, and analytic thinking. Furthermore, poses the ability to effectively summarize information and concisely report it to the pertinent management level on a need basis.
- Performing client’s Business Understanding.
- Performing client’s Process understanding.
- Performing client’s Internal Control Evaluation.
- Collecting audit evidence according to the approved audit program.
- Performing analytical procedures on current and previous data.
- Discussing the audit findings with the client.
- Preparing Internal Audit Reports.
- Performing follow up for the previously reported audit findings.
A wide breadth of experience as a result of exposure to varying engagements including but not limited to: Bookkeeping, Management Reporting, Cost Accounting, Litigation Support, Accounting System Advice, Design New Charts of Account, Outputs and Reports Definition, Chart of Accounts Mapping and Professional Accounting Staff Secondment for special assignment for the clients، Professional and working exposure to various industries, such as Retail business, export, manufacturing, trading, or any other small & medium enterprise. Excellent working knowledge with organizational functions, such as Kuwait Small Projects Development Company and National Fund for Small and Medium Enterprise Development. Furthermore, following any changing in underlying accounting requirements and general business activity.
- Prepares and Records Asset, Liability, Revenue and Expenses Entries by Compiling and Analyzing Account information.
- Maintains and balances subsidiary accounts by verifying, allocating, posting, reconciling transactions; resolving discrepancies.
- Maintains general ledger by transferring subsidiary accounts; preparing a trial balance; reconciling entries.
- Summarizes financial status by collecting information; preparing balance
sheet, profit and loss, and other statements.
- Produces payroll by initiating computer processing; and also review Staff Leave Salaries and Indemnity.
- Responsible for every things related to inventory (Sales and Collections) (purchasing and payment).
- Preparing monthly and quarterly financial Statement and all audit requirement ( Trial Balance, Income Statement, Cash flow )
- Prepares Check Payments for various suppliers.
- Custodian of Petty Cash Fund for the Corporate Accounts.
- Deposit Check Payments received from different Divisions as a Settlement of Management Share and Inter Company Expenses.
- Prepares Reconciliation Reports for various suppliers.
- Prepares Bank Reconciliation Report for Corporate Accounts.
- Enter all accounting transactions related to Check Payments, Cash Receipts and Bank Receipts.
- Review invoices and set up them for payment.
- Prepares invoice batches and inputs in the accounts payable module of the financial information system on a daily basis to ensure payments are processed in time for the weekly and monthly deadlines.
- Prepares journal entries to record cost allocation or adjustments in the financial system.
- Produce monthly reports and assist in month end closing.
- Responds to inquiries from suppliers, consultants and clients regarding the status of their payments.
Faculty of Commerce
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