Internal Audit Officer
Raya Financing Co.
Total years of experience :13 years, 4 Months
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.
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.
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
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.
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.
All references are available upon request