Head Of Internal Audit
Al Majed Oud .Co
مجموع سنوات الخبرة :19 years, 5 أشهر
Coordinating and developing internal auditing processes.
Developing and implementing policies and procedures.
Supervising and conducting independent audits.
Preparing analysis for departments.
Conducting investigations on irregularities and errors.
Drafting recommendations on corrective measures.
Advising executives
assist
the Audit Committee in performing work pertaining to summoning of meetings, preparation of
agendas, delivery of supporting documents for the meetings and keeping of minutes
Conduct audit reviews on operational and functional processes as defined in the Internal Audit plan, by identifying risks / weaknesses and making added value recommendations to improve efficiency.
Establish business-partner relations creating value with audited Entities & Executive Management.
Pro-actively and efficiently communicate within Corporate Internal Audit team to enhance consistency of approaches / standards.
Interact with other Hub functions (Finance, Internal Control, Risk Management, Business Lines…) to efficiently prepare the assignments and share with them the results.
Ensure independence of audit and confidentiality of information received.
Identify business objectives, risks and evaluate key controls
Assist in the design and execution of operational audits to ensure adequacy and effectiveness of the internal control environment, compliance with Company policies
and procedures, and identify opportunities for process improvements
Develop preliminary findings and realistic recommendations to improve / enhance the
internal control environment
Work with management to develop acceptable solutions to address issues or gaps identified and follow-up with management to ensure remediation is implemented
Managing day to day financial operations with regards to financial Accounting include Accounts Receivable, General Ledger, Accounts payable, Project Costing, Inventory, Cash Flow projections, Revenue Accounting, credit, and corrections contribute to overall financial and performance results.
Managing day to day activities of accountants and distributing tasks to meet target dates of financial deliverable.
Managing the cash flow of the group.
Issue The company’s budget which includes the staff costs, projects and the other administrative costs through the
Collaboration with all the department managers in order to control the organization’s expenses
Monitor the periodic expenses through conducting periodic reconciliation (comparing the actual expenses with the approved budget) in order to report the variances to the Management
Review all the financial transactions through the validation of the cost allocation to ensure the accuracy of the financial recording process
Contribute to the issuance of the financial statements in order to identify the company’s financial position
Provide the management with any Ad hock reports or financial data in order to support the decision-making process
· Review and approve all the payments of the organization including the staff expenses, supplier payments…etc. in line with the authority, matrix to ensure timely and accurate payments
Conduct periodic reconciliations including the bank accounts, the petty cash and the current account to ensure the accuracy of the financial accounts
Review the fixed assets transactions from purchasing, depreciation calculation…etc. in order to protect the organization’s assets
Review all the receivables from customer service/cashiers through monitoring and following-up on the cash transactions against the produced tickets to ensure accuracy
Conduct annual fixed assets’ count in line with the financial guidelines to ensure compliance with the financial records
Handling various remittance and cross border transactions
• Control on A/R, Advances and Accounts payable
• Prepare Forecast Cash Flow, PL, BS on periodical basis while proposing analytical reports
• Co-ordinate with other departments to extend various support on monthly closing
• Prepare/update Bank Reconciliation, Fixed Assets Register
• Coordination with External Auditor, Internal Auditor
• Manage all accounting operations based on accounting principles & IFRS
• Conduct month-end and year-end accounts closing
• Collect, analyze and summarize accounting information
Keep information confidential and secure
• Keep up with financial policies, regulations and legislation
• Web based upload of Management Reports on to HQ’s portal
• Coordinate with HQ on various accounting and finance matters
• Monthly/Quarterly closing and year end closing / Finalization / Audit, Annual Budgeting, Forecast & Actual reports
Vendor accounts
32 CPE Credits By field of Study Economics 4 CPE Credits Statistics 18 CPE Credits Auditing 12 CPE Credits Finance 6 CPE Credits Business Mgment & Org 2 CPE Credits
Fellow member
Postgraduate Diploma - Auditing - Ain Shams University May 2006 - 2 Year
Bachelor's degree ( accounting department ) may 2004