Group Head - Internal Audit/ Risk Management
Al Hassan Group of Companies
Total des années d'expérience :26 years, 10 Mois
Responsible for Internal Audit and Risk Management of the Group which is a leading business conglomerate structured around 11 operating companies in Oman, UAE and Qatar, classified under three Strategic Business Units (SBUs), viz., Contracting, Trading and Manufacturing, employing more than 5000.
Key Deliverables:
Develop an annual audit plan using input from the audit team and stakeholders to identify priorities and resource requirements for the current and successive financial year covering all three SBUs of the Group
Meet with Senior Management to discuss needs and propose audits, to build stakeholder requirements into department plans and ensure that the operation plan is developed to meet the Board’s expectations.
Schedule, assign and conduct audit planning with team members by identifying high risk areas, plan manpower requirement and prioritize the audits according to the criticality.
Ensure quality control of the team’s audit plans on an ongoing basis by reviewing and approving plans as they are developed and communicated to clients.
Providing independent, pragmatic advice and defining adequate preventative and protective measures
Report to the Audit Committee at the required intervals on Internal Audit assignments.
Supervising and Mentoring team from a multicultural background
Ensured systems, controls and processes are in place to enable effective monitoring of financial results, attaining required level of corporate governance.
Lead all aspects of the budgeting, forecasting and planning processes
Provided leadership and development support for the finance team
Monitored and ensure compliance with local accounting, tax and statutory requirements.
Analysed and interpret business performance to provide the Board of Directors with appropriate advice to aid decision making, with coherent explanations of performance.
Evaluation, assessment and monitoring of projects to keep within budgetary limits..
Served as a member of regional audit team lead out a comprehensive review of Budgeting and Cost Allocation, Supply Chain and Inventory Management process at BOC Indonesia, BOC Pakistan, BOC Australia (in a subsidiary), and Procurement process review in BOC Pakistan and Bangladesh entities
Carrying out an audit assignment on the request of management for reviewing processes and internal controls in certain applications of SAP including MM, S&D and Finance Modules
Accountable for performing worldwide independent, objective assurance and consulting activities in order to add value and improves the organization’s operations
Carrying out operational and financial audits in Australia, Korea, Bangladesh, and Indonesia Linde Entities
Identifying and assessing fundamental economic risks within the area of responsibility ensuring the sustainable commercial success of the business
Monitoring the reliability and effectiveness of management and other controls in the area of responsibility
Providing independent, pragmatic advice and defining adequate preventative and protective measures
Carrying out audit function including conduct of entity-wide risk assessment to identify and prioritize the auditable areas
Supervising the operational and compliance reviews of the assigned areas to ensure effectiveness and efficiency of operations along with the adherence to policies and procedures
Reviewing reports of assignments conducted and suggesting improvements on weaknesses
Conducting investigation and inquiries based on complaints / information
Reviewing the Information System audit of computerized application systems. Supervise tests of internal controls in the test environment to ascertain appropriate functioning of the computerized system
Conducting critical reviews of documents, especially organizational policies and procedures
Reviewing financial statements in the light of current International Financial Reporting Standards and Local Financial Reporting Framework
Responsible for reviewing and monitoring monthly and yearly revenue and expenditure budgets
Handling fund management and working capital activities of hotel
Reviewing measures for cost controlling in close liaison with people in operations
Liaising with purchase manager for implementation of controls in high-risk areas
Preparing and monitoring yearly and half-yearly revenue and capital expenditure budgets and making presentations to Board of Directors (BODs) thereon
Preparing monthly management accounts and reporting thereof to BODs
Handling fund management activities of KSE, which involves building business relationship with various banks and other financial institutions
Instrumental in automizing various accounting application and implementation of control therein
Reviewing quarterly tax and corporate returns of the company and involved in tax planning activities of both company and employees
Carrying out audit function including conduct of entity-wide risk assessment to identify and prioritize the auditable areas
Supervising the operational and compliance reviews of the assigned areas to ensure effectiveness and efficiency of operations along with the adherence to policies and procedures
Reviewing reports of assignments conducted and suggesting improvements on weaknesses
Conducting investigation and inquiries based on complaints / information
Reviewing the Information System audit of computerized application systems. Supervise tests of internal controls in the test environment to ascertain appropriate functioning of the computerized system
Conducting critical reviews of documents, especially organizational policies and procedures
Responsible for Audit planning, direction, supervision, review and finalization of audit assignments
Understanding and assessing accounting and internal control environment of the clients, evaluating operational procedures, identifying weaknesses in the system, and developing suggestions, methods and procedures for system improvement
Examining and analyzing accounting and financial records of the clients including general ledger, bank statements, inventory records, tax returns, revenue and expense reports
Assisting to clients in accounting functions and preparation of financial statements
Responsible for the implementation of Global Release Approach of E&Y International
To appear in advance stage examinations.
Certified Management Auditor
Certified Internal Auditor
ACA from ICAP
ACCA
First Class First Division