Eduardo Olaez CIA CFE, Corporate Senior Audit Specialist

Eduardo Olaez CIA CFE

Corporate Senior Audit Specialist

National Water Company

Location
Saudi Arabia - Riyadh
Education
Bachelor's degree, Accountancy
Experience
14 years, 10 Months

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Work Experience

Total years of experience :14 years, 10 Months

Corporate Senior Audit Specialist at National Water Company
  • Saudi Arabia - Riyadh
  • My current job since October 2023
Senior Internal Auditor at Rawabi Holding
  • Saudi Arabia - Eastern Province
  • July 2023 to October 2023
Audit Specialist at Ali Zaid Al Quraishi & Brothers Company (AZAQ)
  • Saudi Arabia - Eastern Province
  • June 2021 to July 2023

Take charge and perform complex professional internal auditing activities in line with IIA’s
Standards and internal GRC policy to provide reasonable assurance to AZAQ Board that the
system of internal control is adequately present and functioning to address risks. This includes
conducting regular audit, adhoc activities such as fraud or misconduct investigation. Also
participate in GRC-related engagements to support AZAQ Group management on initiatives
relevant to governance, risk and compliance function.
Responsibilities:
- Provide key inputs to the development of the annual GRC Plan
- Plan, perform and report Audit engagements, including creation of work programs,
testing, identifying issues, reviewing and analyzing evidences, and documenting client
responses and action plans with full utilization of Audit System
- Facilitate mapping of control activities to regulations, standards or policies.
- Facilitate in the identification and assessment of the risk mapping to the business
objectives and risk response with action plans
- Identifying and evaluating organizational risk areas
- Conduct data extraction, analysis, and security reviews utilizing software tools
- Prepare audit reports and power point presentation
- Monitor implementation of the action plans as committed by management
- Carry out planned activities to evaluate risk management periodically
- Perform other job-related projects and/or assignments that might be asked to do by
the direct manager for special assistance

SENIOR AUDIT EXECUTIVE at Oman Trading Establishments
  • Oman - Muscat
  • January 2016 to January 2020

Lead the internal audit activities in evaluating the efficiency and effectiveness of company's processes and control, verifying adherence to the established policies & procedures, identify and reporting of process weakness compromises that could result to fraud or financial loss and verifying working capital elements (Stocks, WIP - Service, Receivables, Cash and Bank Balances). In line with the internal control processes - highlighting the deviations that are repetitive due to negligence, deliberate and control compromises that could lead to fraud/financial loss, recommends changes in work process that could lead to minimizing risk, recommends ways and means to reduce wastage, and highlighting decisions or actions that lead to employee dissatisfaction and suggest policies or procedures in the long term interest of the organization

AUDIT EXECUTIVE at OTE
  • Oman
  • September 2012 to December 2015

Oman - Muscat
Descriptions:
Lead the internal audit activities in evaluating the efficiency and effectiveness of company's
processes and control, verifying adherence to the established policies & procedures, identify
and reporting of process weakness compromises that could result to fraud or financial loss and
verifying working capital elements (Stocks, WIP - Service, Receivables, Cash and Bank
Balances). In line with the internal control processes - highlighting the deviations that are
repetitive due to negligence, deliberate and control compromises that could lead to
fraud/financial loss, recommends changes in work process that could lead to minimizing risk,
recommends ways and means to reduce wastage, and highlighting decisions or actions that
lead to employee dissatisfaction and suggest policies or procedures in the long term interest
of the organization.
Responsibilities:
- Planning the particular audit engagement before its execution in the field or branches
- Assigning audit engagement partner for the specific audit job to be done and
supervising for its completion
- Review the work of engagement audit partner to ensure the proper execution of the
audit program
- Reviewing the audit checklist if all audit tasks have been done and complete
- Propose recommendations to improve the business processes and operation
- Ensure the timely completion of the audit field work
- Drafting audit reports of the audit engagements and ensure that all findings and
recommendations are properly supported by the working paper
- Discussion with the auditees regarding the issues found
- Discussing and submitting the audit reports to the Audit Senior Manager for the final
report to be sent to the management

INTERNAL AUDITOR at Leslie Corporation (Snack Food Manufacturing)
  • Philippines
  • April 2008 to September 2012

Descriptions:
Conduct internal audit activities aligned by Audit Head (in Head Office) and audit plan approved
by audit committee with independence and objectivity. Aligned with the management in the
branch to ensure the system is in place and all major risks of the company are identified and
analyzed. The branch operations were analyzed including appraisal of structure, controls,
procedures, and processes, appraising effectiveness and efficiency of branch activities or
operations in meeting company’s goals, and reviewing and reporting accuracy, timeliness and
relevance of the observations.
Responsibilities:
- Identifying auditable activities in the snack-food division from Sales operations,
Accounts, Warehouse Management Operation and Distributors in monthly basis.
- Planning the audit activities from understanding the process to identifying, prioritizing
risks and determine any related required documents to evaluate.
- Conducting internal audit field works
- Drafting audit report for the findings to be submitted to reporting manager for review
- Perform ad-hoc audit activities when required by the management

Education

Bachelor's degree, Accountancy
  • at Saint Paul University
  • March 2022

Bachelor of Science in Accountancy - Graduated with latin honors

Bachelor's degree, Accountancy
  • at Saint Paul University
  • March 2003

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Specialties & Skills

Management
Accounting
Internal Audit
SAP ERP
Microsoft Office Applications
AUDITING
CUSTOMER RELATIONS
DRAFTING
MICROSOFT POWERPOINT
ORGANIZATIONAL SKILLS
POLICY ANALYSIS
PROCESS ENGINEERING
REPORTS
RISK MANAGEMENT

Languages

English
Expert

Memberships

Institute of Internal Auditors (IIA)
  • member
  • January 2015

Training and Certifications

Certified Internal Auditor (Certificate)
Date Attended:
December 2018
Valid Until:
December 2022

Hobbies

  • Traveling
    Certified Internal Auditor