Chief Audit Executive
Gulf Warehousing Company
Total years of experience :29 years, 8 Months
The following are highlights of my achievements:
• Minimized store issues expenses by creating recurring history of minimum/maximum reorder level, which resulted in 6.5% reduction in consumption Y.O.Y.
• Established 190+ dashboards to supervise key controls over processes, which supported in preventing various faulty payments totaling average $332k annually.
• Established monitoring mechanisms for monitoring of Gross Profit for 8k monthly Freight Jobs.
• Enhance organisational revenue by $7.8K monthly by carrying out live tracking of truck movement to prevent revenue leakage.
• Assured that the deployment of audit plan and analysed audit work papers/reports to deliver comprehensive and executive level support in documentation process.
• Exhibited prowess in carrying out test of design and operating effectiveness of internal controls across organization as per the COSO framework for Internal Control over Financial Reporting-(ICoFR);
• Track record of developing benchmarks for the internal audit department, and opening of 4 new hotels like the Doha Seef Hotel (180 Rooms), Al Seef Hotel (50 Rooms), Abuja Sheraton Hotel (700 Rooms), and Rock view Hotels (110 Rooms);
• Proficient in fraud prevention and fraud examination functions, IT audit functions, providing a very professional financial reporting with exceptionally good disclosure profile, and moving companies from near loss situation to profitability within a short time span;
Duties and Job Description
•=Responsible for preparing annual risk based audit plan and identifying areas
of potential internal control exposure and required improvement.
•=Carries out Test of design and operating effectiveness of internal controls
across organization as per the COSO framework for Internal Control over
Financial Reporting-(ICoFR).
•=Developed company’s fraud policy and manages company’s fraud
management.
•=Ensuring implementation of audit plan and review audit work papers and
reports to ensure appropriate documentation and support.
•=Preparing reports for management, Chairman, and Board Audit committee as
may be required or based on audit findings and recommendations for
compliance including quarterly Audit Report to the Audit Committee as required
by the Qatar Stock Exchange and Qatar Financial Market Authority.
•=Responsible for managing the company-wide risk mapping, risk
identification, updating of the risk register and keeping the Management
informed.
•=Preparing annual Corporate governance report to the Qatar Stock Exchange
as well as the Qatar Financial Market Authority - QFMA
•=Preparing quarterly Control assessment report evaluating status of the
company’s internal which involves assessment of over 400+ functions.
•=Entrusted with the responsibility of ensuring compliance with all laws both
internal and external, policies and statutory regulations including financial
guidelines as laid down by IFRS.
•=Appraising and evaluating the effectiveness of risk management and internal
controls system and governance processes and preparing of quarter reports to
management and Audit Committee.
•=Responsible for providing assurance that reported Financials are accurate
and without material misstatements.
•=Built automated reporting over more than 200 key controls, these reporting
provides an eye for the Internal Audit and Management to monitor key and vital
events/indices in operations as they occur.
•=Serves as consultant to management staffs on internal control, financial and
operating issues; etc
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Al Seef is a company with investments in Hotel Properties (one 4* & two 3*), Restaurants, Construction, Transportation & Logistics, warehousing, Real Estate, and Yacht rental services
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1. Performs financial and operational audits throughout the Company and provide management and the Board of Directors with objective analysis of activities.
2. Independently appraise and evaluate the effectiveness of risk management and internal control systems and governance processes which support the achievement of business objectives
3. Develops annual audit plan based on assessed risks, identifying areas of potential internal control exposure and areas for improving operational efficiency.
4. Ensure implementation of Audit Plan and reviews audit work papers and reports to ensure appropriate documentation and support.(when situation requires)
5. Prepares audit reports on periodic basis to report audit checks and procedure non compliance and making recommendations for corrections of unsatisfactory conditions.
6. Serves as a consultant to management staff on internal control and operating issues.
7. Carry out budget verification and analysis upon preparation by the units and carry out continuous analysis to verify budgets are met in subsequent months of operations.
8. Directs and monitors the work of assigned staff. Makes decisions related to hiring, staffing, promotions, discipline and transfers.
9. Document audit findings in audit reports/memos
10. Prepares and continuously update audit unit to cover :
(a)receivable& Payable control, (b) Payroll & Revenue control, (c) Reservation Control & Human resource control, (d) Food safety management Control, (e) Fraud Risk Control (f)Credit Control etc
11. Performs any speacial duties that is assigned by Chairman or Board.
12. Provide oversight over the risk assessment processes.
-handles all relating to Revenue accounting &
invoicing
-handles account up to finalization.
-reconcile all Balance Sheet items and prepare p&l
highlighting significant points in operation
affecting the reports with detail graphical analysis
of trends.
-handle accounts receivables and credit card
receivables
-Supervise the monthly store & stock Inventories of
the various stores and analysing all shortages
-act as relief chief accountant for 3 months in a
year
-do bank reconcillation on monthly basis
-attend to external auditors need during their visits
-raise all necessary journals
- handles all relating to revenue auditing and invoicing
- handles account up to finalization
- reconcile all balance sheet items and prepare p & l reports highlighting significant points in operation affecting the reports backed by graphic analysis of trends
- handles accounts receivables & credit cards receivables
-acts as relief f & b cost controller.
- worked as income auditor checking all transaction voucher to ensure they confirm with required standard
- cordinate the night audit unit and check they work and monitor all the control monitors
Satisfactory
Certified Chartered Financial Consultant-(Canada), CCFC Fellow Institute of Financial Manager - FIPFM Certified Fraud Examiner - CFE Fellow Cost & Management Accountant - FCMA