Audit Manager
Oman National Engineering & Investment Co (SAOG)
مجموع سنوات الخبرة :24 years, 6 أشهر
Participating in the planning, formulation & implementation of Audit programme.
Preparation of Audit reports and recommendations and ensuring implementation of the Audit recommendations.
To supervise the Audit function when the Head-Internal Audit is away on leave.
To verify the existence of Group assets and appraise whether such assets are safeguarded, accounted for and used efficiently and economically
To analyze major risks to the company and highlight areas where internal controls should be strengthened
To provide recommendations on improvements to current processes and systems to support the growth of the business
To provide audit, accounting, operational and statistical data from the various divisions under consideration in order to verify accuracy, authenticity and compliance with the company’s policy
To ensure that the activities of the company complies with the internal polices/ procedures and relevant acts to ensure the compliance of legal requirements.
➢ Handling a team of 5 Accountants and overseeing the overall functioning of the Accounts Department
➢ Handling the flow of funds to the Suppliers and Sub Contractors and keep a track of the receivables so that adequate working capital is available at all times.
➢ Maintaining the bank records and responsible for Bank Reconciliations
➢ Responsible for keeping a track of payments to all the Suppliers and Sub Contractors according to the agreement with the company
➢ Preparation of the salary of around 600 employees and conversant with the latest WPS system.
➢ Coordination with the auditors for carrying out external audit and preparation of the Balance Sheet
➢ Involved in negotiations with Financial Institutions/ agencies for arranging Term Loan for the Project.
➢ Prepared and finalized Common Loan document, which was then utilized for availing Term loan to the tune of INR 10 billion from the financial institutions.
➢ Was solely responsible for the compliance of the Pre-disbursement conditions of the Common Loan Agreement and then arranging for the disbursement of the installment amount from the financial institutions.
➢ Involved in negotiations with Lead Arrangers and Merchant Bankers for Debenture Issue & proposed IPO issue of the company.
➢ Involved in restructuring operations including formulation of revival scheme and interaction with Financial Institutions.
➢ Supervision of completion of the books of accounts according to Income Tax Act as well as Companies Act.
➢ Co-coordination with auditors for the Income Tax and Companies Act audit as well as finalisation of the Balance Sheets.
➢ Assisting in proper maintenance of accounting books with regular visits to the client's office and advising them on various accounting policies.
➢ Maintaining the manual account records
➢ Updating the computerized accounting records using the company's customized package.
➢ Inventory Management. Keeping record of the stock-in-hand
➢ Keeping track of the debtors and intimating the parties of debts that are over due.
➢ Dealing with Financial institutions like IDBI, IFCI, ICICI, SIDBI
➢ Negotiating the rate of interest with banks for the loans to be taken from them
➢ Corresponding with IFCI for refund of penal interest which was paid in excess to them over a period of time
➢ Conduct a study and submit a report on Working Capital Management of the company.
Post Graduate Diploma in Business & Finance
B.Com (Honours)