Senior Internal Auditor - Operational Risk
SRACO
Total years of experience :14 years, 7 Months
Group Senior Internal Auditor - Operational and Financial Risk In a leading group in several fields in the KSA Saeed Raddad Group (SRG)
I providing of Assurance services to SRG’s main subsidiaries
SRACO group ( Constructions, Consulting Services, and Operation & Maintenance )
UCC group (Manufacturing Chemical Industries )
GTS ( Travel and Tourism Field )
Dammam Palace Hotel
Manifa, Napesco ( Petroleum services Field )
Alrazi pharma (Manufacturing Pharmaceutical Industries )
In addition to the following main tasks in accordance with the management instructions and the periodic internal audit plan as below
• Developing risk based internal audit plan for business division in Saudi Arabia (KSA)
• Performing risk assessment of key business functions (Sales & Marketing, Production & Inventory Management, Procurement, Finance & HR and Admin)
• Understanding control environment, developing process flows and performing risk-controls mapping
• Identifying design weaknesses in Internal Controls and reporting to Management and Head of Audit
• Preparing audit program and executing test of controls
• Communicating audit observations with process owners, documenting responses and Issuing final report to Management and Head of Audit
• Consulting Services - Performing assignments requested by management and in accordance with audit plan
As a Senior Financial Planning and Analyst, Report to CFO to ensure that all the monthly financial closing and reporting tasks are running smoothly across the group.
Responsibilities include:
• Strategic and financial budgeting/ modeling for short/ long-term operating plans.
• Review and consolidate all financial reports (daily, weekly, monthly) and analysis, communicate findings to the respective teams
• Collaborate with key stakeholders to ensure accountability towards budget, and all operating KPIs
• Forecast for the current month in 3rd week of every month (Monthly Cash Flow Forecast Model).
• Review of monthly closing in ERP for GL, AP, AR, FA & Project modules.
• Oversees and manage the continued development of Budgeting, Financial Forecasting, Operating Plan and Modeling tools
• Preparation of Budgeted Cash Flows, Profit & Loss and Balance Sheets for HO & Subsidiaries
• Analysis of Feasibility studies and Valuation Models for Projects
• Coordination with Oracle Consultants for Oracle Implementation at subsidiaries level, Chart of Accounts mapping and training of staff.
• Assist in the development, design and validation of appropriate operational dashboards for several of SRG’s regions, sectors and/or departments
*Support periodic reporting and analysis of the financial results, cash flows and balance sheets to Management to facilitate assessment and performance review, the identification of key issues and the development of corrective action plans; and to assist the Accounts Manager in providing effective accounting support of business issues.
*Assist the financial controller in preparing and following up carrying out the budget in financial terms and achieve the company strategic goals of in financial terms
*Assist the financial controller in comparison between alternatives "projects", and methods of funding and send recommendations to top management.
*Compared budgeted with actual and Identifying deviations, with discussed causes & solutions with the financial controller.
*Prepare reports from statistical and financial information according to stated schedules, so that all required Information is available for review in a timely manner.
*Approve of the monthly trial balance, financial reports, verify of correctness balances before submitted to the financial controller.
*Preparation and processing of all items and documents related to tax return for the fiscal year.
*Coordination with the projects implementation management in monthly payments.
*Preparing monthly cash inflows and following up collecting the installments.
*Prepare non-routine financial data as requested in order to support management decision making.
*Identify, investigate and rectify routine errors and anomalies in input data in order to ensure accuracy of financial Information.
*Follow up company's balance at different banks, to pay company's obligations to the different parties and reviews the daily bank account and the daily cash movement.
*Supervising the checks issued by or to the company.
My work in as A Senior Accountant included the following
• Report to chief Accountant
• Leading the Monthly Close and Budget Vs Actuals reporting
• Management of the balance sheet reconciliations
• Monthly payroll processing (including transfers & salary slips + reimbursements) for all employees
• Treasury; responsible for preparing all payments, posting cash, bank reconciliation and any ad hoc bank reporting required
• Monitor the fixed assets register with proper categories, classifications and proper tagging to ensure applying the proper internal controls and their compliance with the general ledger
• Regular Cash Flow reporting
• Preparation and entry of various accounting journal entries for month-end close. Accruals, prepayments etc.
• Updating the Costing model, postings all relevant journal entries
• Monthly Sales Tax preparation, filing & submission
• Quarterly Withholding preparation, filing & submission
• Annual Income Tax preparation, filing & submission
• Administer accounts receivable and accounts payable
• Assisting in preparation and coordination of the audit process.
• Assisting in implementing and maintaining internal financial controls and procedures.
• Preparation of Quarterly/Annual IFRS Financial Statements
• Ensuring proper record keeping as per Financial Policies & Procedures.
• Motivate/lead/train/supervise other team members within the finance function.
