Assistant Director Internal Audit
Deyaar Development
مجموع سنوات الخبرة :20 years, 10 أشهر
Key Profile:
• Evaluate audit findings to be highlighted to the CEO and audit Committee (based on criteria such as corporate risk ratings, functional relevance, financial impacts, management exigencies.)
• Ensure compliance to annual plan for conducting internal audit for all departments followed by reporting to the CEO and Board Audit Committee. Present quarterly audit report to the Audit Committee
• Prepare / present reports on achievements of internal audit department including risk based on audit plan to verify compliance of all units to corporate policies/procedures risk based on audit plan to maintain compliance of all units to corporate policies/procedures and other risk management measures
• Follow up with various departments in ensuring compliance to corporate policies and procedures. Prepare & implement plans related to financial, regulatory, compliance or operational reviews/audits
• Liaise with Risk, Legal, Compliance and other control-related activities and with others within Internal Audit for conducting risk assessments and implementing controls to mitigate identified risks
• Implement various process improvement initiatives as well as internal controls for streamlining auditing systems and procedures
• Maintain internal audit guides highlighting audit standards for various functions. Conduct special audit assignments based on business/ operational requirements
• Update & document results of audit work in compliance to audit department and the Institute of Internal auditors (IIA) standards
• Prepare & present audit reports for executive management, the Audit Committee and the Board of Directors to enable effective decision making
Enterprise Impact:
• Rated high for identifying & recovering excess payments made to the contractors / consultants in projects development audit (approx AED 20+ Million)
• Successfully completed compliance review as per Securities and Commodities Authority (SCA), Dubai Financial Market and Real Estate Regulatory Authority (Dubai) and regulations. Set up internal control functions based on SCA rules in Dubai.
• Acknowledged for efficient management of audit department with highest performance rating across the tenure with the organization
Key Profile:
• Collaborated with the department head in organizing, planning & implementing strategy and coordinating operations in compliance to organizational policies and procedures
• Assessed & maintained operating costs, budgets, resources. Prepared reports, analyzed and interpreted data
• Focused on recruitment, training & development of team members based on business and operational requirements
Enterprise Impact:
• Distinguished for independently developing policy and procedures leading to repeat jobs from the clients
• Rendered value based solutions to the clients requirement; Interacted with Muscat securities market (MSM) officers as a compliance officer
• Developed policies and procedures manual in several functions such as Inventory, Procurement, Accounts and Finance, Human resources. The development of policy and procedures included re-engineering process and conducting workshops. Worked on the ERM project of largest Investment and Oil and Gas Company.
• Worked as a compliance officer for a brokerage company on outsourcing basis.
• Conducted internal and ISO 9001 pre audit.
• Managed and monitored the tasks delegated to the team on various assignments.
Achievements:
• Independently developed policy and procedures and won repeat jobs from the clients.
• Understood the requirements of ISO 9001 standards and conducted the ISO pre audit.
• Provided value based solutions to the clients requirement.
• Interacting with Muscat securities market (MSM) officers as a compliance officer. Ensured that the brokerage company complied with all the rules and regulations of the MSM.
Key Profile:
• Defined & interpreted financial information aimed at optimizing cash flows and predicting future trends
• Set up strategic and long-term business plans based on evaluated competition and market trends
• Ensured availability of funds to cater to financial requirements by maintaining productive business relationship with banks
• Collaborated with various departments in preparing annual financial plans, budgets and forecasts aimed at maintaining organizational profitability
• Maintained budgetary controls through frequent variance analysis and specific measures
• Prepare payment forecasts including strategies to resolve challenges related to limited cash flow
• Interact with banks aimed at seamless financial and business transactions
• Assess divisional cash flow and following up on collections for maintaining adequate liquidity aligned to business or operational requirements
Enterprise Impact:
• Collaborated with global accountants in conducting global consolidation
• Developed a template to consolidate financials on a yearly basis;
• Executed and supervised various internal audit assignments which included, planning, scoping, field work, discussion of issues with process owners, drafting of reports, review of work carried out by the team members, discussion of issues with the Seniors and delivering the report to the client and presenting to the audit committees.
• Worked as an internal auditor team leader on a co-source arrangement on the one and only largest Aluminium smelter project in Muscat. The task included annual audit planning based on risk assessment, executing audits, discussing and preparing reports and presenting to the Audit committee.
Achievements:
• Identified many control lapses and recommended process improvements.
• Due to the effective and efficient completion of the audit assignments, the co-source arrangement was renewed for one more year.
• Trained staff on the job as part of co-source arrangements. Effective efficient usage of allotted work hours.
• Setting up of the internal audit department and audit programs for the project phase.
• Got double promotion from Senior Auditor to Assistant Manager 2.
• Executed as a team leader and as a team member various statutory audits assignments as per the internal standards and in compliance with the Indian Accounting Standards.
Certified Public Accountant - CPA from Hawaii Board of Accountancy
Certified Internal Auditor - CIA