Sadig Alfadel, Internal Audit Officer

Sadig Alfadel

Internal Audit Officer

Raya Financing Co.

Location
Saudi Arabia - Khobar
Education
Bachelor's degree, Accounting & Management
Experience
13 years, 4 Months

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Work Experience

Total years of experience :13 years, 4 Months

Internal Audit Officer at Raya Financing Co.
  • Saudi Arabia - Dammam
  • My current job since August 2022

Current Responsibilities:
- Evaluate the organization’s internal controls.
- Determine internal audit scope and develop annual plans.
- Perform and control full audit cycle including risk management and ensure compliance with all applicable directives and regulations.
- Act as an objective source of independent advice to ensure validity, legality, and goal achievement.
- Identify loopholes and recommend risk aversion measures.
- Maintain open communication with management and audit committee.
- Document the process and prepare audit findings memorandum.
- Conduct follow up audits to monitor management’s interventions.
- Engage to continuous knowledge development regarding, regulations, best practices, tools, techniques, and performance standards.

Treasury & Reports Supervisor at Aljabr Finance Co
  • Saudi Arabia - Dammam
  • December 2019 to August 2022

Current Responsibilities:
- Cashflow Reports Preparation.
- Managing the Company's Cash Movements.
- Obtaining Bank Facilities and issuing All types of required Guarantees and ensure recording related interest and commissions.
- Recommend Financial Actions by analyzing available options.
- Guide Accounting Clerical Staff.
- Reconcile Financial Discrepancies.
- Support month-End and Year-End Closing Process.
- Efficient Communication with Managers and/or Directors.
- Supervise Accounts Receivable & Payable Transactions & Reconciliations.
- Bank Reconciliations.
- Banks General Relationships.

Internal auditor at GULF Tyre & Rubber Holding Co
  • April 2019 to November 2019

Location: Khobar, Saudi
Responsibilities:
- Implement and Develop the Internal Control System.
- Review and Update Company Internal Procedures Policy.
- Participate in the Annual Audit Plan Preparation.
- Perform audits as per the audit plan such as A/P, A/R, and Inventory & Operations.
- Conduct special audit as per management request.
- VAT Return Preparation.
* All references are available upon request

Senior Accountant at DRAGADOS GULF CONSTRUCTION COMPANY
  • Saudi Arabia
  • January 2014 to December 2018

Location: Khobar, Saudi
Responsibilities:
- Treasury Officer: Forecast cash flow positions, and related borrowing needs, Ensure
availability of funds to meet ongoing operational
- Bank Relationship Officer: Maintain relationships for all Banking transactions such as
Facilities and financial transactions and issuance of Guarantees and Bonds and its validity.
- GAZT & VAT Relationship: Communicate and follow up with all demands and
requirements requested by GAZT, as well as uploading the monthly VAT report to GAZT
Website and processing the payments and obtain the related certificates.
- Payroll: Review the payroll sheet and ensure all salaries are correctly calculated and all
additions and deductions are applied, and process the payroll payment.
- Account Payable: Review, verify and process all supplier invoices and ensure all invoices
are corresponding to the related P.Os.
- Accounts Receivable: Send and upload the receivable invoices to the clients Portal and
follow up with collection, as well as preparing the aging report.
- Prepare Suppliers & Bank Reconciliation.

Internal Auditor at SAUDI RESEARCH & MARKETING GROUP
  • United Arab Emirates
  • September 2011 to December 2013

Review and audit the Internal Control System, audit Operations, Issue Reports, and Provide Recommendations to the
Management.
- Review the Risk Assessment. Execute Internal Audits, and Ensure Proper Review of Audit Working Paper, Files, and
Other Records. Prepare Draft Internal Audit Reports, and Conduct Special Investigation Audits Allocated by the IAM.
- Engage in Audit Plan Preparation.

Junior Auditor at DELOITTE AND TOUCHE (
  • United Arab Emirates
  • September 2010 to July 2011

Education

Bachelor's degree, Accounting & Management
  • at Montana Tech of the University of Montan
  • January 2009

All references are available upon request

Diploma, Marketing
  • at 2. College of Technology
  • April 2004

Specialties & Skills

Data Analysis
المحاسبة المالية والإدارية Financial Accountant
استخدام الحاسب الآلي برامج مايكروسوفت أوفيس.
Excellent Knowledge of excel
Internal Audit
AP STYLE
INVENTORY MANAGEMENT
RISK ASSESSMENT
ACCOUNTS RECEIVABLE
BANK RECONCILIATION
BANKING
CASH FLOW
CUSTOMER RELATIONS
FINANCIAL

Languages

English
Expert

Training and Certifications

Advanced Excel (Training)
Training Institute:
Optimal Academy
Anti-Money Laundering And Terrorist Financing Course (Training)
Training Institute:
Yasser Abdulaziz Al Taifi Financial Consulting Office
Principles of Financial Accounting Course - General Framework of Accounting (Training)
Training Institute:
Doroob