Internal audit manager
Abdulaziz saud AlBabtain group of companies
Total years of experience :21 years, 9 Months
- Plans financial, compliance or operational reviews/audits.
- Coordinates work with Legal and other control-related activities.
- Conducts risk assessments and identifies controls in place to mitigate identified risks.
- Performs audit procedures to verify that controls are operating through testing and interviewing techniques.
- Analyses and concludes on effectiveness and efficiency of control environment.
- Identifies control gaps and opportunities for improvement.
- Documents the results of audit work in accordance with audit department and the Institute of Internal Auditors (IIA) standards.
- Prepares timely audit reports for executive management, the Audit Committee and the Board of
Directors.
- Acts as primary client liaison within Internal Audit for one or more AVPs / division heads.
- Assess, evaluate and promote compliance to internalpolicies.
- Contributes, as appropriate, in the year-end financial audit with the external auditor.
- Provides advice on internal control and participates in enhancing internal audit standards and practices.
- Provide feedback on performance of Internal Auditors, on audit assignments, as applicable.
1- Lead and manage a team of Ten professionals, including selection/hiring, objective setting, performance management, coaching/development and training.
2- Responsible for the monthly close as well as maintenance of all accounting ledgers including monthly review of all account reconciliations and journal entries.
3- Preparation of all financial reports, including Profit and Loss Statement, Balance Sheet and Statement of Cash Flows, as well as the year-end financial reports.
4- Provide timely explanations of variances between actual results and forecasts/budgets; provide corrective action recommendations to management, where necessary.
5- Oversee the General Accounting processes of Inter-company, Fixed assets and Accounting and financial reporting of all entities.
6- Implement Firm’s Accounting Policies and interpret guidance in regards to accounting transactions.
7- Ensure completion and review of all balance sheet reconciliations and identify and communicate findings.
8- Liaise effectively with finance constituents on financial accounting and reporting deliverables, issues and process improvements.
9- Work with internal and external auditors during reviews and audits to ensure full cooperation from accounting staff and compliance with all qualified requests.
10- Prepare the budget and projection ( Projected balance sheet & income statement and projected cash flow ).
Inventory controlling:
1. Preparing the inventory policy, as per CFO recommendations.
2. Preparing the ISOP (Inventory standard operating procedures) based on the approved inventory policy.
3. Close the transaction of the month, follow up users to post transactions and close the inventory system and report delaying.
4. Prepare the inventory ageing report category wise, Location wise and matched it with general ledger.
5. Designing the categories and subcategories of stock in coordination with sales & purchases Dep.
6. Designing system treatment for special stock movement with IT programmer in terms of stock consignment, bundles, kits and replacements
7. Designing the stock counts programs for the year in terms of random & perpetual stock count.
8. Hold moving average cost calculation tests, and inventory auditing programs.
Fixed assets:
1. Preparing the Fixed assets policy, as per CFO recommendations.
2. Preparing the FASOP (Fixed assets standard operating procedures) based on the approved policy.
3. Close the transaction of the month, follow up users to post transactions and close the fixed assets system and report delaying.
4. Designing the categories and subcategories of fixed assets in coordination with the accounting manager.
5. Designing the fixed assets counts programs for the year both random and year end.
6. Checking the journal entries for fixed assets for additions, disposal and depreciation expenses after running the depreciation calculation.
Insurance:
1. Renewing the insurance contracts with the insurance company.
2. Ensuring that the company assets are completely covered by various types of insurance (fire, fidelity, cash, stock, decoration, furniture).
3. Follow up claims with the insurance company in coordination with the CFO.
4. Checking the journal entries for insurance in terms of recording based on cost centers & profit centers.
SAP program
SAP MM (material management) & fixed assets & Fi (finance) implementer
training on accounting fundamentals course
training on Budgeting fundamentals courses
training financial management courses
i train the trainees on the following courses :
1. Corporate culture
2. Professional Work values
3. Contemporary business organizations
4. Customer care
5. Selling skills
6. corporate selling skills
7. communications skills
8. Proposal & presentation
9. Marketing fundamentals
10. Advertising
11. Public relation
12. E-marketing
13. Field visits
14. Banking Products
15. Managerial Leadership
16. management of budgets
17. Keyboarding
18. Windows 98 level 1, 2
19. Word level 1, 2, 3
20. Excel Level 1, 2
21. Access
22. PowerPoint Level 1, 2
23. Internet Explorer
24. Outlook Level 1, 2
25. FrontPage
26- time managment
27- task planning
28- problem solving & decision making
29- self managment
31 - Organizational behavior
32 - effective recruitment
33 - Human Resources managment
34 - Training & Development
35 - Financial Managment
36 - managment information system
37 - Kuwait Business Law
38- Accounting fundementals
39- intermediate accounting
40- financial management
41- Budgeting
42- CBP certification
1-Train the area manager’s of the future communications managers on managerial leadership
2-Train the sales representatives of el dawlia company for investment on salling skills
1. record revenues and expenses for the company.
2. prepare the monthly payrol and record the salaries expenses.
3.calculate the leaves & indemnity expenses as the per kuwait labor law.
4. calculate and record the provisions for slow moving and bad debts.
5.prepare a periodic reconciliation for prepaid expenses and accrued expenses.
6.prepare the bank reconciliation by the month end.
7. prepare reconciliation for creditors and prepare payments.
8. record fixed assets additions and disposal, calculate the depreciation expenses.
9. preparing monthly P & L and balance sheet for the activity.