Audit Supervisor / promote to be Credit &Collection Manager May 2013
Universal Motors Agencies
مجموع سنوات الخبرة :31 years, 9 أشهر
Purpose: Responsible for customer due diligence, setting the credit limits for each new customer, Obtaining required approvals on the credit limits and managing UMA, s collection efforts.
Roles & Responsibilities:
• Reviews application and checks for past records, if any
• Instructs the credit officer to preform credit check on the customer and sends a collector to visit the customer’s premises to check that the customer actually exists, the number of employees…etc. and prepare surveyor report.
• Checks credit ratings and references.
•Recommends granting of credit facilities.
•Obtains guarantees or deposits if required.
•Checks daily guest high balance report and city ledger outstanding accounts.
•Checks confirmations of undertaking to settle accounts on credit.Prints a monthly aging report at the end of every months
• Reviews the ageing report, prints a statement of account for the customers which overdue payments and send it to the concerned collector
• Investigates outstanding payments for over 30days to determine unusual or valid circumstances delaying payments
• Instruct the collector to process as per escalation procedure for customers with outstanding payments
• Prepares a report of outstanding payments with no response for more than 90 days, to be discussed in the credit committee meeting .
•Ensure that the customer information, collateral information is recorded in the systems.
Audit Supervisor
My Scope of work Includes:-
*Review of areas to be audited and identification of risks and
controls
* Testing the compliance of existing internal controls
* Ensuring compliance with the Group's policies and procedures
* Identifying the potential to improve operational efficiency
* Applying the risk assessment models
* Preparation of draft audit reports expressing objective opinions
on the adequacy and effectiveness of the system of internal
control within which audit activities are carried out
*Provide monthly reports to management and working closely
with them to enable them to make accurate decisions
*Work towards the achievement of company’s strategy and a
nnual business plans
*Visits branches and conducts reviews of efficiencies in
business processes
* Assists in following up audit recommendations and assists in understanding audit recommendations.
*Develop and conduct substantive tests to check the reliability of financial and statistical information.
Assist in the preparation of the annual audit plan and staff resources
utilization
*Conduct audit in accordance with the audit plan
*Execute audits by gathering, documenting and analyzing information and
evidence on the existence of risks and the effectiveness of control
measures (by interviews, observations, file review&risk analyses)
*Prepare report points and recommendations (within agreed time scales)
and discuss concern dep, t
*Ensure work papers, audit file and reports are prepared in accordance with
the department’s standards
*Initiate change both internally and in delivering solutions to internal clients
*Can conduct special assignments and investigations
* Take a lead role in driving risk and control process in the company
*Motivate and convince others to implement changes that improve the
business.
* Assessing control risks in all areas of operation and ensuring compliance
of Company policies and control procedures through periodical testing and
ensuring that the company’s' Assets / Interests are protected by
maximising audit coverage
*Establishes internal control measures and lead the implementation plans.
*Regularly review performance and adherence to the policies and
procedures.
*Recruits and trains the staff to conduct internal control audits.
*Carries our forensic audits, investigates fraud, and recommends actions to
minimize risks
\{Payable, F-Assets&Inventory Controller)
#Prepare and process payment vouchers
#Prepare and audit customers bills
#Reconciliation of Bank Accounts
#Reconcile general ledger & subsidiary
Accounts
#Analyze & Reconcile expenses &
revenue accounts
#Daily monitoring Accounting transactions
#Prepare prepaid & fixed assets schedule
& amortizations
#Assist with preparation of financial
statements, review actual vs.budget P&L,
#Assist with Management reports #Verification of invoices, #Balancing of
accounts& prepare Payment to supplier.
#Correspondence and direct dealing with
debtors and creditors
#-Auditing and preparing all monthly
Report(for debtors and Creditors)
#-Preparing financial reports Actual Vs
Budget
#-Yearly S/parts &Vehicle inventory in
charge
#Set inventory turn over targets and assist
in the analysis for identifying changes in
ordering and production patterns to meet
these targets.
#Develop means for tracking inventory
health and circulate reports to functional
areas for action
#-Balancing inter Co. Transaction .
#Assets &Depreciation Transaction
controller,
#-Assisting F. Manager In Setting Policy
&Procedure for internal control.
#Monitoring the implementation of
Company's policies & procedure and
related development to ensure adopting
of an efficient and effective internal
control system.
#Formulation of financial policies &procedures in coordination with the top management.
#Ensuring that the laid down financial policies regulation's for the company are followed by the concerned.
#Control of transaction which includes the journal entries&date entry.
#Prepare monthly reports items percentage&accumulated sales according to management order, s
#prepare follow-up customer, s statement.
Auditing All transaction, J.V &Payment voucher
Formulation of financial policies &procedures in coordination with the top management
Assist with preparation of Budget
Analyze & Reconcile expenses & revenue accounts
Perform audits by assessing risk areas and testing internal controls
Can conduct special assignments and investigations
Assessing control risks in all areas of operation and ensuring compliance of policies and control procedures through periodical testing and ensuring that the Assets / Interests are protected by maximizing audit coverage
#Course in internal audit in the institute of general offices.jordan 1998 #Course in how to set the commercial Co. accounting on computer registers.jordan 1997 # Course in Ms Project with the co-operation of American project for the betterment of water quality.jordan1996 #Course in advanced Ms-Excel .jordan1997 #Course in(Ms word -Excel-Win 3.11) jordan 1995 #High level course in accounting(comprison of programmers &performances).
M.com (1991) B,com (1989)