Chief Financail Officer
TSS Advertising
Total years of experience :19 years, 2 Months
Assist in formulating the company's future direction and supporting tactical initiatives
Monitor and direct the implementation of strategic business plans
Develop financial and tax strategies
Manage the capital request and budgeting processes
Develop performance measures that support the company's strategic direction.
Participate in key decisions as a member of the executive management team
Maintain in-depth relations with all members of the management team
Manage the accounting, human resources, investor relations, legal, tax, and treasury departments
Oversee the financial operations of subsidiary companies and foreign operations
Oversee the company's transaction processing systems
Implement operational best practices
Oversee employee benefit plans, with particular emphasis on maximizing a cost-effective benefits package.
Understand and mitigate key elements of the company's risk profile
Monitor all open legal issues involving the company, and legal issues affecting the industry
Construct and monitor reliable control systems
Ensure that the company complies with all legal and regulatory requirements
Ensure that record keeping meets the requirements of auditors and government agencies
Report risk issues to the audit committee of the board of directors
Maintain relations with external auditors and investigate their findings and recommendations
- Manage Internal Audit activities of Western region of Saudi Arabia covering different showrooms, service centers, pre-owned and rental sections and report to top management on strength and weakness of Internal Control & compliances.
- Conduct internal audit assignment for evaluation of adequacy and effectiveness of the system of internal control and quality of performance in carrying out assigned responsibilities in all business processes/segments.
-Review the approval process to ensure that Group policies/ procedures and delegations of authorities are complied.
-Discuss preliminary audit findings with the concerned staff/ management in order to highlight the observations to management and to get their concurrences.
-Prepare professional audit reports which should clearly communicate findings, analysis, appraisals, recommendations and information concerning the activities audited.
- Planning and performing operational and financial control audit for the enity
-Identify business process risks and prepare checklist for evaluation
- Develop testing methodologies to evaluate the adequacy of controls
- Document the the evaluation results and observation and discuss with the client
- Develop recommendations and reports based on audits and presenting these ideas to senior management
- Formulate professional development and educational plans for for the team and impart necessary trainings
- Planning and allocating resources and individuals in accordance with skills and schedules
- Coordinate with the other region audit departments and consolidate the reports for review.
• Provide independent and objective assurance to the Board of Directors (Audit Committee) and senior leadership on the efficiency and effectiveness of financial and operational controls across the Group.
• Manage and monitor the execution of multiple audit assignments undergoing at the same time as being led by the Audit Director or Senior Internal Audit Managers.
• Preparation of the Annual Audit Plan, Budget and Yearly Report;
• Preparation of interim and annual employee performance appraisals
• Completion and review of the presentations to the Audit Committee of the Board of Directors
• Provide Internal Audit staff support/guidance as needed in the management of projects
• Undertake audits, investigations and reviews across the business globally; prepare reports detailing findings and issues; agree remedial action plans with management; monitor progress of all actions until completion.
• Undertake audit work to provide assurance on: compliance with policies and procedures; compliance with laws and regulations; effectiveness of policies and procedures; effectiveness and efficiency of controls; response to new and emerging risks; business performance; program assurance.
• Provide back-up support on behalf of the Group Audit Director in communications with the Audit Committee, CEO and other members of the senior management team
• Fully manage and/or monitor the execution of ad-hoc assignments or special reviews (that require meticulous review and include highly confidential data) including fraud investigations, HR investigations, major incident reviews, security incidents, etc. as requested by Senior Management or required by Audit Director.
• Mentor and assist staff of the Internal Audit Service line in their audit assignments and provide guidance in the professional development and growth of staff in the Internal Audit Service line
• Alignment of the Internal Audit activities with the organization's operational goals and objectives,
• Preparation of the Annual Audit Plan, Budget and Yearly Report,
• Preparation and review of the presentations to the Audit Committee of the Board of Directors,
• Attend the meetings of the Audit Committee of the Board of Directors,
• Provide Internal Audit staff support/guidance as needed in the management of projects,
• Provide consulting services as instructed by Audit Director to the organization's Management,
• Undertake any other duties that may be required as determined by the Audit Committee,
• Perform quality control reviews to promote premium standards of quality and develop a culture of continuous improvement,
• Highlight unusual or problem areas that are discovered while testing & provide timely recommendations for corrective action,
• Conduct S-Ox audit and prepare detailed report on the deficiencies identified with corrective action plans to the management.
• Implement sound financial accounting system with a view to ensure smooth accounting operations and facilitate internal financial control.
• Design monthly closing of accounts with supporting schedules.
• Handle the complete planning & management activities for ensuring completion of internal, statutory and external audit within time and cost budget.
• Accountable for finalization of Individuals, Firms and Companies accounts and submission of tax return.
• Institute internal control systems viz accounts receivables, payable and inventory.
• Conduct variance analysis to determine difference between projected & actual results and implement corrective actions,
• Prepare tax plans and arrange for timely deposit and filing of returns under Excise, Sales Tax, TDS, Income Tax &; Service Tax laws and timely completion of assessment.
• Formulate Trial Balance, P& L account, Income & Expenditure, Payable & Receivable Statement, Cash Flow Statement and Balance Sheet of various organizations including Banks, Insurance Companies, Large and Small scale industries, government organisations, etc.
• Review of Accounting processes, systems and policies of big, medium and small-scale enterprises and prepare reports on weaknesses and suggestions.
• Audit of financial statements in compliance with relevant Acts, Rules & Accounting Standards.
• Preparation of Cash Flow and Fund Flow statements as per the Accounting Standards.
• Preparation of Project Reports.
• Statutory, Internal, Concurrent and Inspection audits of banks, NBFC's, Corporate, Non- corporate, Trusts, Associations etc.
• Appeals on various orders of Government authorities.
• Physicals Verification of Stock, Assets and Cash.
• Reconciliation of Accounts.
• Handle various Auditing methodologies of Partnership Firms, Charitable Institutions and Trusts.
Chartered Accountant from Institute of Chartered Accountants of India
courses: SAP, Tally, PeopleSoft, Lawson, TM1 •Microsoft Office
courses: SAP, Tally, PeopleSoft, Lawson, TM1 •Microsoft Office