Group Internal Audit - Assistant Manager (MENA Reigion)
MBC Group
مجموع سنوات الخبرة :14 years, 11 أشهر
Middle East Broadcasting Center (MBC Group is the largest free-to-air satellite broadcasting company in the Middle East and North Africa)
Work as a part of the Production assessment unit “PAU”, in charge of leading audit assignments for production activities in Egypt and North Africa. Responsibilities include the following:
• Develop relevant audit programs and procedures including Risk and Control Matrix (RCM). Manage performance of audit procedures. Demonstrate technical competence in related domain and ensure overall quality of engagement deliverables and processes for entities under the scope of Middle East Broadcasting Center (MBC GROUP).
• Conducting investigations into allegations of fraud, waste or abuse committed against the company.
• Completion of assigned audit areas, with reference to the execution of approved audit plan for the year. This includes detailed description of risks identified, controls, testing performed, audit evidence gathered, issues noted, and conclusions.
• Accurate and timely documentation of minutes of meetings, working papers and process workflows.
• Drafting of the audit report upon the conclusion of each assigned audit.
• Review regularly SOPs with process owners and ensure alignment with potential process changes and update with new Global/Division guidelines / policies. Establish an integrated control environment in Oracle ERP applications.
• Engaging in meetings with auditees to discuss audit issues and resolving them in a satisfactory way.
• Ensure the action plans proposed by management to implement our recommendations in the final audit reports are properly implemented as per the agreed time frame.
• Perform and control the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations
• Prepare and present reports that reflect audit’s results and document process
• Identify loopholes and recommend risk aversion measures and cost savings
• Maintain open communication with management.
• Ensure financial records are maintained in compliance with accepted policies and procedures;
• Prepare monthly Management Financial Report and analysis to the CFO and HQ (France);
• Compile and analyze financial information to prepare consolidated balance sheet and income statement for the BU including monthly and annual accounts-ERP Microsoft Navision;
• Set monthly/quarterly accruals, prepare net operating cash flow statement and prepare financial management reports using (HFM-Hyperion financial management 11-Oracle);
• Prepare budgets’ quarterly rolling forecasts (P&L, B/S and Cash Flow), VAR reports;
• Review accounts receivable, aging report and credit limits;
• Analyze reserve movements, write-off and reconciliation of deferred tax on a quarterly basis;
• Working capital and sales to commercial margin monthly analysis.
IInternal Audit:
• Document each business process using flow charts and identify business process risks;
• Execute audit procedures, using routing data processes, testing of controls, and performing substantive procedures to test the designed controls;
• Document the “work products” in the worksheets, working papers, and other pertinent documents that details the engagement procedures performed;
• Discuss reports with auditors and provide recommendations to improve performances/control.
Process Improvement:
• Verifying, analyzing, and implementing process improvement and process re-engineering opportunities.to ensure compliance with business objectives;
• Promote efficiency and encourage adherence to prescribed managerial policies, through developing manuals for policies & procedures in the areas of Accounting, Purchasing and Sales.
• Check the accuracy and reliability of accounting data;
Accounting support:
• Provide responsible technical office support related to the processing of financial transactions and the preparation and reconciliation of financial and accounting records and reports, and performs related work required.
• Outsourcing financial accounting function for Multinational Companies.
• Local Compliance services: in the areas of Egyptian Accounting Standards (EAS) or IFRS in comparison with US GAAP, Egyptian different types of taxes and local regulation.
Education & Qualifications Professional certificate: CIA candidate. Bachelor degree in Business Administration- English section- Major (Finance), ARAB ACADEMY FOR SCIENCE AND TECHNOLOGY AND MARITIME TRANSPORT, CAIRO, 2006. GPA: 3.2 (very good). High School: university of Cambridge, International General Certificate for Secondary Education (IGCSE) - Rajac language school, 2002. Big four experience-Internal audit. Thorough knowledge of IFRS. Knowledge of financial and operational internal control methodologies. Member of the National institute of accountants in Australia. Training certificate: financial reporting tools - Hyperion financial management from NEXANS-FRANCE, 2010