Senior Associate, Internal Audit
Al Mulla Group
Total years of experience :6 years, 6 Months
Al Mulla Group is a leading diversified privately held business group based in the State of Kuwait operating in 8 countries with affiliations over 200 international brands and has operations in Automotive distribution and servicing, Manufacturing, Engineering, Investments, Real Estate etc.
Jobs Duties/Responsibilities:
Implemented Daimler Policies and Procedures and defined System Controls (as per Risk Assessment) for Mercedes Benz Operations for Sales (Passenger and Commercial business), Service and Parts.
Developed activity based Audit Universe to facilitate comprehensive coverage of audit areas of all the business groups and Divisions.
Performed the full audit cycle including risk management and control management over operations effectiveness, financial reliability and compliance with all applicable directives and regulations for the Group.
Reporting of risk exposures and control issues, including governance issues, and other matters needed or requested by the Management/Board Audit Committee.
Performed special projects and assisted business units in evaluating and improving business processes, identifying risks, and key controls.
Developed and maintained standardized audit programs to monitor, assess and analyze financial as well as organizational risk and controls.
Led internal audit exit meetings to discuss findings and management action plans, and planned and executed follow-up testing/audits to ensure action plans were properly implemented.
BDO is an international network of public accounting, tax and advisory firms which perform professional services under the name of BDO. As of 2016, BDO has member firms in 154 countries, employs around 68, 000 partners and staff in over 1, 400 offices throughout the world, and is the fifth largest professional services network globally
Jobs Duties/responsibilities:
• Develop, manage and lead the risk-based audit strategy and program for all the departments of the entity like Operation, Procurement, Finance, Sales, Marketing, HR and Administration, IT and other departments.
• Perform independent audits which include planning, fieldwork and report writing.
• To make recommendations on the systems and procedures being reviewed, report on the findings and recommendations and monitor management response and implementation.
• To work with management to ensure a system in place which ensures that all major risks of the organisation are identified and analysed, on an annual basis.
• Prepare audit presentations for management and Audit Committee.
• Supervised team of two or three individuals on regular basis based on engagement needs.
Protiviti is a global consulting firm that helps companies in solving problems in finance, technology, operations, governance, risk and internal audit. Protiviti serves clients through a network of more than 70 locations in over 20 countries.
Jobs Duties/responsibilities:
• Conducted risk assessment for clients across Manufacturing and service industries.
• Implemented Internal Financial Controls (IFC) framework for the automobile and logistic sector companies which are listed in India; as per COSO 2013 framework.
• Ascertained the extent of which the system of internal control ensures compliance with client’s policies and procedures and applicable laws and regulations.
• Performing field work and to examine, verify, evaluate and report on the financial, operational and managerial process, systems and outcomes to ensure the financial and operational integrity and compliance.
• Analyzing the soundness, adequacy and application of the internal control, assist in business process reviews, risk assessments, developing deliverables and reporting progress against outcomes.
• Preparation of audit reports highlighting the deviations and their possible impact on the basis of the work performed during field work.
• Recommend improvements in the process based on latest industry trends and leading practice.
• Work in teams to provide high-quality execution of projects for clients. Coach, train and support junior members of the team.
• Preparation of financial reports and guidelines for external audit.
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Preparation of year end accounts and filling submission to HMRC.
• Special advisory & financial services to Small & Medium enterprises e.g. Preparation of Management accounts, Cash Flows & Budgets for business start-ups as well as existing businesses.
• Ensuring the Compliance with Statutory regulations, IFRS including corporate governance in finalizing the Statutory accounts of Companies
• Finalization of financial statement ensuring compliance to IFRS and other regulatory requirements
• Processing monthly and weekly payroll for clients
Resolve the queries of clients and follow up
An SME (Small to medium-sized enterprise) based in East London offering a wide range of accountancy services, where I got the opportunity to work as an Accounts Assistant & apply my academic knowledge into accounting industry.
Jobs Duties/responsibilities:
• Setting up accounting systems for the clients to enable them to maintain their records efficiently.
• Finalisation of quarterly / monthly VAT returns.
• Preparation of financial reports for external audit and for management.
• Processing monthly and weekly payroll on QuickBooks.
• Bank reconciliation of customer accounts.