عرفان أحمد

Rashed Abdul Rahman Al Rashed & Sons Group is a dynamic, leading trading and industrial conglomerate in Saudi Arabia. The group operates in many business sectors including Trading (Building Material, Tyres, Industrial Equipment, and Cement etc.), Manufacturing (Steel, Filters, Air tanks, Fasteners, Polystyrene, Portables, Pallets, Grout and Tile Fixing Materials etc.), Construction, Real State, Engineering and Fabrication Services and Transportation (Land and sea).
•Cost Control & Budgeting Manager (Al Rashed Building Material LLC)

Responsibilities
•Assist in development of internal audit plan by carrying out risk assessment based on COSO ERM, ISO 31000 and OCEG risk frameworks
•Supervise financial and operational audit as well other special assignments including fraud investigations
•Prepare audit programs for financial and operational audits
•Direct and supervise multiple teams of 4 or more auditors
•Review of audit working papers including business process understanding documentation i.e. flowcharts and narratives
•Draft internal audit report to document exceptions / issues and gain management agreement on the responses and time frames for achievement of desired results
•Follow-up internal audit recommendations and providing support to business units as needed to ensure closure of issues and achieve positive outcomes


Key Assignments with Al Rashed group
Building Material LLC
•Developed sales incentive schemes to align Sales Managers’ and other sales staff performance with companies objectives
•Developed dashboard to monitor real time performance and eliminate unnecessary ERP reporting
•Optimized cost structure
•Represented Finance department in implementation of new version of JDE
•Developed authority matrix
•Performed feasibility and other analysis to decide opening and closure of various branches
•Implemented VAT system
•Working to achieve B2C and B2B capabilities for company
Others
•Vehicles and drivers idle capacity analysis along with development of monitoring mechanism (Transport Division)
•Insurance coverage review to optimize risk coverage and cost (Group level)
•Compliance review with Saudi Labor Laws (Group level)
•Gave major input in establishment of data analysis section (Group level)
•Participated in establishment of risk management section (Group level)
•Operational review of various business processes including order-to-cash, procure-to-pay, inventory management cycle etc. for multiple business units
•Prepared whistle blow policy (Group level)
•Fraud investigations

Preparation of internal audit and other consultancy services proposals for prospective clients
•Engagement planning, including development of risk based internal audit plans, audit programs, engagement budgets, staffing and team allocation, etc.
•Perform entity level internal control review based on internal control - integrated framework issued by COSO
•Reviewing of audit working papers and finalizing audit findings
•Drafting internal audit report including identifying weaknesses, assessing risk and providing recommendations to improve internal control system
•Conducting audit entrance and exit meetings with clients
•Participating in audit committee meetings

Key Clients / Engagements