AEM Senior Corporate Internal Auditor
HeidelbergCement AG
مجموع سنوات الخبرة :21 years, 6 أشهر
-Structure audit objects by identifying interfaces and relevant data for analysis, understanding means and targets of processes, analyzing related risk. Identifying relevant external and internal regulation. Thus determine micro-audit strategy.
-Plan project timing, communicating the agreed interfaces and timing with auditees. By adjusting the audit strategy to ensure risk-adjusted utilization of audit resource.
-Conducting process analysis utilizing both SAP and Sun systems. By Carrying out planned tests, assess whether found controls are adequate & effective. In case of weaknesses clarify issues with the appropriate management level. Recommend practical measures to address the issue.
-Condense results straight forward, precise and user-oriented (Vorstand and Senior Management).
-Trace results. Sufficiently document the audit work. Review the audit strategy and ensure that efficient test methods are applied in future projects. Suggest relevant audit subjects. Trace agreed actions, analyze related feedback from auditees, remind if necessary and escalate open items. Identify items that need specific follow-up review.
Special Assignments:
HeidelbergCement’s Egyptian local management has requested to continue spearheading efforts with Suez Cement Group of Companies as the Internal Audit Manager. With the major objective to o improve on the integration activities of the local subsidiaries within HeidelbergCement Group.
Reporting directly to the Managing Director of Suez Cement Company and functionally to Italcementi Chief Audit Executive (Italy).
Key Deliverables:
-Ensuring a suitable and efficient monitoring of the internal control system of the company and its subsidiaries, thought the appropriate development of the internal audit functions.
-Devising and conveying the country-wide audit plan as per group audit department directives, handling country defined risk assessment, and tracing audited process historical ratings.
-Research and keep abreast of the new audit regulations/trends and audit methodology. Discuss updates of new trends and methodologies with the Italcementi Group CAE and local audit committee.
-Conducting operational and financial audits in accordance with the established audit plan for the company (and its subsidiaries).
-Participating (when needed) in the management committees meetings, to supporting the subsidiary management through the active contribution in the development of company major issues and projects.
-Participating in other international audit the assignments planned by Italcementi Group Audit Department.
-Assess, evaluate and promote compliance with the company (and its subsidiaries) internal rules, regulations, procedures, group guidelines, code of ethics, national laws and regulations.
-Perform special investigations as the responsible focal point for the whistleblowing procedures.
Reporting to the Internal Audit Director (Italy) and mentoring a team of 3.
Key Deliverables:
-Contributing to the design of the standard audit working programs for Italcementi Group as per the business module, backed by an understanding of the control environment.
-Developing the field work audit program addressing the audited processes (operational and/or financial audit) with the related risk areas and major controls initiatives.
-Reviewing the preliminary survey of audited subsidiaries in terms of the process, for comprehending the relative control environment.
-Supervising the audit assignments to see that professional standards are maintained and ensure that the quality of the work, assumed by senior auditors, is satisfactory;
-Ensuring the validation of final understanding of processes with the Audited Function Manager, focusing on overall control weaknesses along with any probable consequences and risks.
-Coordinating closely with Audited Function Manager for spotting appropriate mitigation techniques for previously the identified risks.
-Drafting the audit report for the approval of the Chief Audit Director pointing out all the weakness found in terms of performance and procedures, in order to promote their improvement, accordingly develop the appropriate recommendations to enhance of the internal control system.
-Performing follow-up assignments for reassessing and testing new controls implemented to mitigate priorly identified risks every six month basis after the report issuance.
-Receiving the management committees minutes of meetings, to supporting the subsidiary management through the active contribution (when needed) in the development of company major issues and projects.
-Ensure the sound implementation of the whistblowing procedure, through the collection and investigation of the claims set forth by the whistleblower, and reporting the results to the appropriate level of responsibilities.
-Participating in other international audit assignments planned by Italcementi Group audit department.
Special Assignments:
-Piloting the introduction of the corporate governance project on behalf of the Suez Cement Company.
-Conducting financial department process reengineering of Halyps Building Materials S.A., the Greek subsidiary of Italcementi Group.
-Performing financial due diligence activities formulation along with 3rd party consulting firms.
Major Accomplishments:
-An effective results of an audit carried out on the HR process in Egypt lead to a nomination of the group to be a part of the set up and implementation team of the corporate governance system within the company.
-Nominated to lead teams for handling some risk assessment scenario on the environment function (in spite of being in non-compliance with audit standards), in association with a team of 1 staff for environment, 1 staff for communication and image department, and 1 staff for business development department.
-Acquired nomination from the group to perform on a project concerning re-organization of the financial department of Halyps Building Materials, a subsidiary in Greece.
Reported to the Senior Tax Manager and managed a team of 4.
Key Deliverables:
-Determined suitable tax audit strategies via identification of risk areas as per the client’s field of industry.
-Performed substantive test for determining document sufficiency and review of document cycle.
-Generated appropriate tax declaration base on various tax audit findings.
-Reviewed and audited payroll reconciliations displaying various salary items, exemptions, salary tax, social insurance, and net pay for each staff.
-Conducted tasks related to tax due diligence via quantification of tax liability for company as per tax regulations/laws.
-Managed transaction entries during each month, while allocating expenses to related cost centers.
-Applied diversified inventory systems of trading companies via determination of suitable per unit cost allocated to inventory units.
-Determined the revenue recognition technique by the percentage of competition for developing long-term construction contracts (construction companies).
-Developed financial statements like balance sheet and income statements, while reconciling the bank statements.
Special Assignments:
-Contributed as a diligent performer for 3 months as an Accounts Payable Accountant (Shell Egypt).
-Performed system analysis review via identification of requisite and absolute accounts within the system chart of accounts to implement SAP (Shell Egypt).