Compliance Oficer
Raysut Cement Company
مجموع سنوات الخبرة :13 years, 9 أشهر
Key Responsibilities:
- Implement and manage an effective regulatory compliance program checklist.
- Develop and review company policies with process owners.
- Regularly review company procedures, practices, and documents to identify possible weaknesses or risks.
- Assist the management to design control systems to address cases of violation of internal business policies.
- Advise management on the company’s adherence to regulations and compliances.
- Resolve compliance issues, as they arise, and advise the business on rules and controls.
- Support the employees to comply with internal and external regulations and compliances.
- Overview of company’s whistleblowing policy.
- Resolve employee concerns about regulatory compliance.
- Acts as contact person and liaison between department heads and senior management for regulatory and compliance matters.
- Supervise and review the duties of compliance department team.
Achievements:
1. Assist Head Internal Audit (HIA) in preparing department’s risk audit plan, Budgets and monitoring progress of Audit function to ensure timely achievement of audit targets.
2. Introduced changes in human resources management such as recruiting, training, controlling employee turnover and successfully reducing unnecessary overtime overheads.
3. Recommended drastic changes in sales mechanism including market-based prices, optimal product mix and cement retail units to improve the sales.
4. Propel improvements in inventory management, reducing slow moving inventory, cutting holding costs and increasing the liquidity of cash flows.
Key Responsibilities:
- Carrying out financial audits & brief reviews of quarterly & annual consolidated accounts of the company, its subsidiaries to ensure compliance to standards.
- Monitor adherence to various regulatory, and relevant laws pertaining to the Cement Industry in Oman, UAE.
- Executing compliance audits, focusing on company policies & procedures, and ensuring sufficiency of internal controls and prompting development of new controls, where needed, to address highlighted risks.
- Conducting All operational Audits like: (Procurement, Sales, Inventory and HR etc.)
- Performing IT audits including based general controls review, data center & insure proper recovery system, system security review and SAP modules.
- Preparing draft audit reports, Audit papers, mapping system etc.
- Ensuring corrective action including follow-up Action Taken Report.
- Benchmarking with cement competitors Including total cement production, number of production facilities & market share in different countries, (If Data available).
Achievements:
1. Establishing the accounting cycle for new Main Warehouse of company and all new projects warehouses.
2. Organizing the work tasks and structure for all workers in main warehouse 14 employees.
Key Responsibilities:
- Preparing all inventory control reports like: (Dead stock & slow-moving materials report, Redemand point report)
- Preparing the Achievements report of inventory Management to present for top management.
- Preparing control plan on transferring slow moving materials between projects to reduce procurement.
- Participation of preparing the structure organizational for warehouse management and inventory control.
- Participation of preparation the policies and procedures, ensure implementation properly in warehouses.
- Assist the IT Management to develop and improvement the accounting system and Warehousing Module on Oracle, commensurate with new financial systems and Value Added Tax “VAT”.
- Supervision of “four warehouse accountants” and provide support to them.
- Supervision of Annual and periodic sudden inventory.
Achievements:
1. Restructured some financial models to adopt cost and expenses which include in the sales orders, to increase financial control.
2. Preparing and compiling all data and reports to external auditors.
Key Responsibilities:
- Review all projects contracts with the budget allocated to projects.
- Checking financial transactions and ensuring the registration is correct on accounting system.
- Preparing annual & interim reports (profit & loss) for projects.
- Analysis variances for projects and comparison between the actual and expected.
- Reporting to management regarding the remaining funding available for projects.
- Preparing the monthly analysis of accrual and prepaid expenses.
- Reviewing the prices and timelines for projects before approved by top management.
- Preparing an analysis of expected salaries for manpower projects.
- Closure all accounts of ended projects and evaluate it then make recommendations for top management to avoid errors future.
Achievements:
1. Supervising the distribution of responsibilities for audit team based on time management.
2. Preparing internal Audit Indexing and working papers to organize work.
3. Increase liquidity ratio for company based on follow-up the payment of credit customers and reduce costs more than 25%.
Key Responsibilities:
- Financial audit “examination and evaluation of the system processes operations” - (Revenues, Cost, expenses, Accounts receivable, Accounts payable, Cash Management, Salaries)
- Auditing on Fixed Assets and Warehouses (annual & interim inventory).
- Auditing on performance of procurement and logistic department “examined application of policies adopted on domestic and foreign purchases.
- Auditing on performance of sales department examined application of sales policies and bring customers cash or credit.
- Auditing on performance of Human Resources department examined application of accredited employment policies and salary scale, rewards, staff sanctions, etc…
- Auditing on performance of Computer and software department examined application of safety and continuous development policies on system.
- Ensure the application the procedures to achieve self-censorship.
- Ensure the effectiveness of existing management decisions and their possible application and identify areas of potential improvements.
- Preparing audit reports follow up the releasing of reports and actions regarding recommendations.
Achievements:
1. Providing initial draft of trial balance and all accounts reports for external auditors at breakneck speed.
2. Prepare good internal control system for financial operations.
Key Responsibilities:
- Preparing balance sheet, Profit and Loss statement.
- Preparing actual Revenues and Expenses reports and Comparison with expected.
- Preparing fixed assets reports and monthly depreciation to determine the net value of assets.
- Preparing schedules of debt, based on the study of the current financial situation.
- Preparing and follow all transactions and reconciliations with Customers, intercompany and Banks.
- Follow-up the policies of bank accounts and working as an administrator for the company account with banks.
- Following-up the transactions and payments to suppliers.
- Preparing payroll and recording in the accounting entries.
- Following up all operational and administrative expense.
Key Responsibilities:
- Preparing aging reports and schedules of debt (Monthly & Yearly).
- Investigating with collectors and resolving queries relating unpaid invoices.
- Follow-up transaction on customer accounts and preparation of reconciliations to ensure they pay the invoices.
- Preparing a list of returned checks to determine ratios of bad debts.
- Calculating the discount and the preparation of lists of discounts and recording all the operations on accounts.
- Preparing vouchers for prepaid and accruals accounts.
- Negotiation of contracts with the customers and appropriate submitting proposals to top Management.
