Audit Committee Member
Watheer Real Estate Development Company
مجموع سنوات الخبرة :17 years, 9 أشهر
Zahran Holding Co. specializes in a broad spectrum of industries, ranging from Maintenance & Operation, Construction and Contracting, Travel and Tourism, Financial and Real Estate Investment, Home Appliances, and a variety of other businesses, with (+30, 000 employees and 12 companies).
Job Duties:
Strategic and Managerial Responsibilities
• Develops the strategy for the Internal Audit and Compliance Management Division in line with the stated organizational priorities.
• Leads the preparation and management of the annual budget for the Division and secures subsequent approval, ensuring expenditure tracking and adherence to the budget.
• Defines the operating framework and policies for the Division and ensures compliance with internal quality standards.
Internal Audit Planning and Strategy Implementation
• Implements the developed Divisional strategy in line with the organizational objectives and/or the Board/Audit Committee mandate.
• Develops procedures, schedules, priorities, and programs, to conduct:
• Financial Audits
• Operational Audits
• IT System Audits
• Compliance Audits
• Special Assignments and Fraud Audits
• Establishes specific auditable areas by identifying key business areas, key functional areas across the organization, Key project areas, key risk areas, and technology systems which support the operations.
• Develops a flexible annual audit plan (audit calendars and schedule) using an appropriate risk-based methodology, including any risk or control concerns identified by management, and submit the plan to the Audit Committee and relevant stakeholders for review & approval.
Audit Review & Supervision
• Supervises audit staff in planning, organizing, directing, and monitoring internal audit operations and taking corrective actions to address performance issues, Might participate in the audit process activities, when needed.
• Ensures adherence to applicable quality standards during internal audits and reporting.
Audit Reporting and Evaluation
• Ensures the development of requisite audit reporting guidelines in line with the organizational requirements, statutory guidelines, and best practices.
• Leads the audit team to produce timely and effective audit reports in line with the prescribed reporting standards, while undertaking the review of the audit reports being produced.
• Assists with the development of recommendations (impact assessment, resource assessment, etc.) based on the audits conducted.
• Presents key findings periodically to the Audit Committee and/or the Board of Directors.
Audit Integrity and Standards
• Establishes internal audit guidelines, policies, and procedures by statutory requirements, professional auditing standards, and best practices.
• Ensures that the audit team adheres to the applicable audit and integrity standards while maintaining independence during their audits.
• Ensures development and implementation of documentation and recording standards for the Division.
• Liaises with the external auditors to discuss the areas of risk (if any), update/clarify any findings, and discuss the recommendations provided.
People Management Responsibilities
• Defines goals, in line with organizational goals, and key performance indicators for each member of the team and ensures effective implementation of the company’s performance management process.
Job Duties:
Strategic and Managerial Responsibilities
• Participates in the organization strategy's articulation process along with other members of the Management Team.
• Develops the strategy for the Internal Audit and Compliance Management Division in line with the stated organizational priorities.
• Leads the preparation and management of annual budget for the Division and secures subsequent approval, ensures expenditure tracking and adherence to the budget.
• Defines the operating framework and policies for the Division and ensures compliance with internal quality standards.
• Liaises with internal and external stakeholders to ensure seamless execution of services within and outside the Division
Internal Audit Planning and Strategy Implementation
• Implements the developed Divisional strategy in line with the organizational objectives and/or the Board/Audit Committee mandate.
• Develops procedures, schedules, priorities and programs, in order to conduct:
• Financial Audits: Reviewing and appraising the soundness and adequacy of internal accounting controls, determining to which extent assets are properly accounted for and safeguarded from losses and establishing the reliability of accounting data maintained in books and records.
• Operational Audits: Reviewing and determining the extent to which the company’s policies and procedures are followed.
• IT System Audits: Reviewing the Information Technology systems and activities.
• Compliance Audits: Reviewing the compliance with applicable laws, regulations and internal policies and procedures.
• Special Assignments and Fraud Audits: Identifying any special audit requirements; and directing the audit team to undertake such audits as required by the Board/Audit Committee.
• Establishes specific auditable areas by identifying key business areas, key functional areas across the organization, Key project areas, key risk areas and technology systems which support the operations.
• Develops a flexible annual audit plan (audit calendars and schedule) using an appropriate risk-based methodology, including any risk or control concerns identified by management and submits the plan to the Audit Committee and relevant stakeholders for review & approval.
Audit Review & Supervision
• Supervises audit staff in planning, organizing, directing and monitoring internal audit operations and taking corrective actions to address performance issues, Might participate in the audit process activities, when needed.
• Ensures adherence to applicable quality standards during internal audits and reporting.
Audit Reporting and Evaluation
• Ensures the development of requisite audit reporting guidelines in line with the organizational requirements, statutory guidelines and best practices.
• Leads the audit team to produce timely and effective audit reports in line with the prescribed reporting standards, while undertaking the review of the audit reports being produced.
• Assists with the development of recommendations (impact assessment, resource assessment etc.) based on the audits conducted.
• Presents key findings on a periodic basis to the Audit Committee and/or the Board of Directors.
Audit Integrity and Standards
• Establishes internal audit guidelines, policies and procedures in accordance with statutory requirements, professional auditing standards and best practices.
• Ensures that the audit team adheres to the applicable audit and integrity standards while maintaining independence during their audits.
• Ensures development and implementation of documentation and recording standards for the Division.
• Liaises with the external auditors to discuss the areas of risk (if any), update/clarify any findings and discuss the recommendations provided.
People Management Responsibilities
• Defines goals, in line with organizational goals, and key performance indicators for each member of the team and ensure effective implementation of the company’s performance management process.
Job Duties:
• Design and maintain an internal controls programme on key controls and risk-based assessment of the business.
• Report on the results of internal review and advise on suitable remedial measures to facilitate effective corrective action.
• Assess risks and control in various business units and play an advisory role in reviewing the adequacy of internal controls to address financial, operational, external, and other relevant risks for new processes and products.
• Identify the irregularities or deficiencies and recommend improved / new initiatives in line with best practices
• Perform risk assessment within the organization to facilitate the determination of priorities of audit area.
• Assist the Internal Audit Manager in the preparation of the Annual Internal Audit Plan.
• Help to determine the audit scope & objectives, development of internal audit checklist for each area of audit assignment.
• Perform the field work of Internal Audits.
• Prepare the Internal audit reports prior to submission to the Internal Audit Manager; ascertain that the reports are substantiated by proper & adequate evidence, and ascertain that the audit recommendations are appropriate
• Arrange for exit meeting to discuss the audit findings & report with auditee subsequent to clearance with the Internal Audit Manager.
• Initiate follow up on agreed actions and responses by auditee to our Internal audit reports
• Participate in the system review assignments for recommending proper & adequate internal control systems to be adopted
South Sinai Regional Development Programme (SSRDP) in response to the needs expressed by the South Sinai stakeholders in providing sustainable services and solutions, Joint cooperation between the Governorate of South Sinai (GSS) and the European Commission (EC) with a fund of € 64 million, And Managed by the Programme Support Unit (PSU) at the level of the governorate, consisting of Egyptian and European professionals, its divided into Two Components, one for contracting strategically large infrastructure projects and another for grants.
Job Duties:
• Assisting the Financial Manager of the Programme Support Unit (PSU) of the SSRDP to fulfill all his duties.
• Assisting the Grantees in maintaining their Administrative and Accounting tasks.
• Conducting site visits for auditing control.
• Following-up with the Grantees to deliver the monthly expenditure reports timely.
• Posting the approved expenditure data received from the Grantees into the SSRDP Financial Control Database System.
• Producing the monthly expenditure reports created by the SSRDP Financial Control Database System for follow up by the Heads of the SSRDP Accounting Department.
• Liaising between the PSU financial department and the Monitoring and Evaluation Unit (M&E).
• Gather, verify and record all field financial information, meanwhile secure financial data quality assurance.
• Ensuring and facilitate the flow of all financial information, reporting, and grantees expenditure to the PSU Financial Department.
BMB Mott MacDonald is a prominent management consultancy company providing innovative supporting services, mostly tailored to organizations in developing and emerging economies. Public and private sector development and social sector development are the two key product groups of the company business. As an affiliate of Euro consult Mott MacDonald, BMB Mott MacDonald has over 35 years experience in assisting institutions around the world in designing and carrying out comprehensive institutional development projects.
The Europe Commission Delegation (ECD) in Egypt contracted with BMB Mott MacDonald as a consultant firm for the South Sinai Regional Development Programme (SSRDP).
Job Duties:
• Providing guidance and alerts for any financial or Grantees' budgets discrepancies, and any up normality to the financial management.
• Assisting and coordinate with the Field Officers to identify any further technical assistance required by SSRDP Financial Team.
• Conducting and support regular M&E Audits reviews, meetings and field processes with the grants’ recipients.
• Preparing, update and integrate all district financial progress reports required by the SSRDP M&E unit.
• Coordinating and assist the Grantees through any interim and final project financial reporting requirements.
• Communicating progress, issues, and constraint to the Financial Department.
• Developing and strengthen communication channels and networking with all Grantees' financials and accountants to ensure compliance.
• Maintaining and update Grantees financial Budgets detailed database and regularly verify it with the PSU Financial Department.
• Delivering regular quality integrated financial reports.
• Facilitating the Grantees to prepare the required reconciliations.
Ashraf Abdel Ghany Co. for accounting and tax consultations is one of the most famous accounting, auditing and tax consulting companies in Egypt.
Job Duties:
• Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
• Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.
• Prepare detailed reports on audit findings.
• Review data about material assets, net worth, liabilities, capital stock, surplus, income, and expenditures.
• Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.
• Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.
• Supervise auditing of establishments, and determine scope of investigation required.
• Prepare, analyze, and verify annual reports, financial statements, and other records, using accepted accounting and statistical procedures to assess financial condition and facilitate financial planning.
• Confer with company officials about financial and regulatory matters.
• Inspect cash on hand, notes receivable and payable, negotiable securities, and canceled checks to confirm records are accurate.
• Examine inventory to verify journal and ledger entries.
• Examine whether the organization's objectives are reflected in its management activities, and whether employees understand the objectives.
• Examine records and interview workers to ensure recording of transactions and compliance with laws and regulations.
• Direct activities of personnel engaged in filing, recording, compiling and transmitting financial records.
• Produce up-to-the-minute information, using internal computer systems, to allow management to base decisions on actual, not historical, data.
Bachelor of commerce - Accounting department