INTERNAL AUDIT DIRECTOR
SMITH & NEPHEW
Total years of experience :19 years, 9 Months
Conduct audit risk assessment, develop and lead execution of the internal audit plan. Report results of internal audits and provide an overall assessment of control environment to Top management and the Audit Subcommittee. Ensure the control environment is operating consistent with the integrated framework of Group Finance. Continuously evaluate and monitor the risk and control environment, adjusting audit plans as necessary in response. Lead development, evaluation and maintenance of process flow risk and control procedure frameworks. Identify and provide value-added consultative recommendations to senior management on business process and control enhancements
Achievements
• Developed the organization's Internal Audit Risk Assessment based on Internal Control Framework
• Designed and implemented the organization's risk-based Internal Audit Plan
• Continually identify activities subject to audit coverage and assess the degree of risk inherent in the activity in conjunction with the Internal Audit Risk Assessment.
• Advise operations and corporate functions regarding the adequacy of policy, procedures and appropriate controls
• Perform due diligence reviews on potential acquisitions
• Redesigned the audit report format and audit rating system
• Implemented a post-audit survey of auditees to gauge customer satisfaction
• Implemented a process of continuous monitoring of audit findings
Develop and implement key strategies aimed at establishing and pursuing long-range targets and objectives, creating robust business models and systems, and promoting informed financial decision making. Production and review of cash flow and balance sheet forecasting. Leading Banking relationship, manage regulatory requirements and mitigate related risks. Manage Forex exposure. Establish and maintain internal control policies, guidelines, and processes to ensure corporate and statutory compliance in areas of budget, cash management, and accounting. Direct team of accountants in all aspects of financial oversight and management, with emphasis on financial accounting, treasury, legal, and regulatory compliance functions. Lead financial audits and make appropriate recommendations to improve processes. Analyse and assess financial information to support business operations. Oversee preparation of financial statements, business activity reporting, forecasts, and annual budget development, ensuring compliance with corporate policies and statutory requirements. Liaise with project managers and teams to ensure continued focus on financial performances. Maintain strong relationships with banking and insurance partners. Work closely with company treasury and corporate staffs on all related matters. Negotiate contracts. Facilitate performance reviews, training, and staff development.
Highlights
• Drove significant improvements in company profitability (4 times original revenue), resulting in strong increase in bottom line.
• Business process owner on company-wide ERP Project on Microsoft AX Dynamics
• Production and review of cash flow and balance sheet forecasting
• Chartered incorporation of internationally recognised best practices throughout financial accounting functions, while designing and implementing highly effective process controls.
• Led implementation of standardised IFRS guidelines, aligning IFRS reporting processes with local regulatory requirements.
• Boosted financial positioning of company through strategic and accurate preparation of short and long term cash forecast models based on business plans.
• Optimised business performance through establishment of automated programmes and tools.(Manage Group Reporting in Hyperion Financial Management)
• Ensured strict compliance with all legal and regulatory compliance by initiating and compiling consolidated database for various documents, including distributor agreements, lease contracts and due diligence and integration M&A activities.
Led all activities and functions involving financial controlling, providing key financial, commercial, and strategic support to business leaders and stakeholders. Analysed all financial data, and prepared reports and documents for upper management. Compiled monthly accounting, budgets, and forecasts. Coordinated treasury and risk management functions. Designed and implemented financial accounting systems, ensuring full compliance with IAS. Supported business planning and liquidity planning processes. Oversaw statutory and internal audits. Performed inventory management, legal oversight, investment evaluations, and other administrative duties as required. Developed, managed, and motivated finance teams.
Highlights
• Secured necessary funding through strategic evaluation and negotiation of financing proposals for capital and working capital loans.
• Designed and launched profit management system for company that aligned long range financial planning and profitability models with business objectives and goals.
• Led implementation of Oracle 9i-based ERP solution.
• Aligned IT systems and capabilities with finance, sales, and logistics processes.