Internal Audit Manager
AL MAHA CERAMICS SAOG
مجموع سنوات الخبرة :17 years, 8 أشهر
A. Al Maha Ceramics SAOG, Oman (Listed Company): Internal Audit Manager (March, 2017 to Present)
The company manufactures top quality ceramic tiles having
customers in Oman, GCC and Rest of the world.
• Set up the Internal Audit department, Charter, Audit Manual and sourcing the team.
• Report to Audit committee, submit quarterly audit reports along with ad-hoc projects and handle AC, Board Secretarial formalities.
• Draft Risk based Audit plan, conduct financial, operational, compliance and IT audits in line with the audit plan and in compliance with IPPF Standards.
• Undertake process improvement initiatives to mitigate non value-added activities and enhance the process value chain.
• Lead cost optimization and revenue maximization projects; created a direct impact of USD 1, 040, 000 on PAT.
• Identified and conducted first time audit in areas like Marketing, Design, Maintenance and Quality.
• Drafted the ‘Anti-Fraud Policy’ and conducted investigation on frauds identified during audits, reported through whistle blower channel.
• Maintain and develop the Risk Management Framework, review the risk register, gain understanding of risks, its likelihood, impact, review existing controls and also test for validation as part of ERM Framework.
• Review Compliance of Corporate Governance Code, PASI, Labor law and Commercial Companies law.
• Internal Audit function has achieved highest level of grading in the External Quality Assurance Review.
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• Facilitate IT Risk Assessment, verify compliance with the IT manual, testing of General and Application controls, assess the Cybersecurity mechanism, assess internal controls in place to safeguard the IT assets.
• Handle ISO Certification external and internal audits.
• Audit department and handling team members in multiple locations.
• Draft a risk based annual audit plan and implementation of the same.
• Submission of periodic reports to the Chairman.
• Responsible to carry out financial, compliance, operational and IT systems audit at the group level and affiliate level.
• Conduct process audits and suggest recommendations for process improvements.
• Assessment of Internal controls, testing for validation and providing recommendations for improvement of control framework.
• Worked in Oracle Orion ERP environment and was part of steering committee for SAP implementation.
• Worked on multiple internal audit assignments for clients in Service, Manufacturing and Trading sectors.
• Worked on Internal Audits of FMCG, Hospitality, Money Service Business (MSBs), Real Estate Agencies, Engineering and Construction allied companies.
• Carried out end to end accounting for construction, trading and service sector companies having combined turnover of 210 Million AED.
• Carried out BOE Internal Audits for Retail clients.
• Worked on Fraud Investigation assignments.
• Compliance review of Information Technology Security Policy for clients.
● Manage all financial operations including financial and management reporting, review, analysis of financial data related to organization’s performance.
● Ensure revenue is accounted in time, process monthly payables as per policy, follow up and liaison with suppliers and internal departments for accounting, processing of payments within agreed credit terms.
● Maintain banking relationships and facilitate funding for the organization.
● Conducted Vendor contract compliance reviews, Asset accountability reviews, Expense reimbursement reviews.
● Conduct independence audits of financial interests of Deloitte PPMD) in compliance with Deloitte Policy Manual, SEC and PCAOB.
● Identifying risk exposures in process/operations and prescribing recommendations for corrective actions. Performing Process Audits of the Deloitte U.S. Entities (India Offices) and concluding on recommendations for improvements.
● Was involved in Internal Control Assessments and identify areas of risk, concern and non-conformity. Reviewing the process manuals and working with the respective departments for process improvement.
CERTIFIED INTERNAL AUDITOR, CERTIFIED INFORMATION SYSTEM AUDITOR, CERTIFIED FRAUD EXAMINER, CRMA, CRISC, PGDBA, CA