Chief Internal Auditor
Al Khor Holding Company
Total years of experience :30 years, 9 Months
Full responsibility over the Finance function of the company during the construction phase of what is know to be the biggest project in the world. Partner with executive management to prep the company to transfer to operational mood. This includes among other things drawing up the architecture of the costing structure and helping the company to transform into working on sustainable basis.
Key responsibility is to assist the Executive Management to introduce corporate governance and improve business processes in a way that helps increase effectiveness and efficiency across the whole organization.
Created and developed a comprehensive financial system, processes, policies and procedures.
Introduced streamlined processes to bring about control, accountability, proper utilization of resources and responsibility accounting.
Developed a comprehensive budget for the first time ever in DFI.
Tackled legacy operational and financial issues including but not limited to; funding, vendor/customer relationships and a huge backlog of transactions.
Created financial statements for the first time ever in DFI’s history since its inception.
Key in setting up Silatech Non-profit’s financial policy and direction while also being an active participant in, and driver of, the organization’s overall strategy.
Led all financial, administration, business planning, and budgeting activities.
As a member of the senior leadership team, worked closely with a motivated and engaged finance and governance committee of the board of directors.
Significantly contributed to the establishment of this start up including but not limited to setting up all financial policies, procedures and processes.
Attracted resources to build up the Finance, HR, Administration and IT functions from scratch.
Managed cash flow activities and project-based funding.
Implemented an ERP system to increase effectiveness and efficiency.
Audited annual financial statements (clean audit reports with no management letter points and/or reportable conditions
Successfully established the Finance Department from scratch.
Developed and maintained reporting capabilities for all reporting entities. This includes development of appropriate systems and capabilities that support business reporting requirements.
Oversaw consolidation of the annual operating plans, re-forecasts and period-end financial reporting requirements.
Monitored, tracked, assessed and advised management of key spending and business trends
As a Deputy Director of the Support Services Directorate, oversaw the operations of the Finance, HR, General Services and Procurement departments.
Introduced policies, procedures and business processes currently applied at the Channel in accordance to the industry best practices as well as the IFRS.
Implemented an Oracle ERP system on two phases. First phase included GL, AP, FA, and Procurement. Second phase included HRMS, AR, and Cash Management.
Designed and implemented an effective Internal Control Structure.
Provided recommendations for improvement based on ad-hoc management requests.
Part of the HQ Internal Audit Department that reports directly to the Minister of Oil & Gas.
Developed comprehensive audit programs across the organization including but not limited to contracts, projects, operations, finance and computer systems.
Shared in the early activities/functions after establishment of Qatar General Electricity & Water Corporation (KAHRAMAA).
Provided consultancy services to all line departments as guidance during the early stages of Kahramaa.
Recommended proper policies and procedures (financial, administrative, operational, etc.).
Extensively shared in the implementation of an ERP system (JD Edwards).
Prepared risk-based annual audit plans. Recommended an Internal Audit Charter.
Performed other operational, financial, compliance and contracts auditing.
Conducted fraud investigations and followed up corrective actions with the State General Prosecution.
Supervised the activities of assigned Auditors and ensured
compliance with audit standards and programs.
Recommended re-organizations and significant manpower cost reductions as part of several operational audits.
Part of the HQ Internal Audit Department that reports directly to the Minister of Oil & Gas.
Developed comprehensive audit programs including but not limited to contracts, projects, operations, finance and computer systems.
Recommended proper policies and procedures (financial, administrative, operational, etc.).
Performed other operational, financial, compliance and contracts auditing.
Conducted fraud investigations and followed up corrective actions with the State General Prosecution.
Recommended re-organizations and significant manpower cost reductions as part of several operational audits.
Led a major business process re-engineering and a re-organization task in the Drilling Department. Due to the drop of oil prices in 1997-1998. My recommendations were implemented and the company saved a significant manpower cost.
Handled inventory accounts and related adjustments.
Performed necessary reconciliation and maintained control over stock movements.
Occupied the position of Accounts Payable Accountant due to shortage of staff within the Finance Department. Responsibilities included processing invoices against all types of commitments and exercising necessary controls.
Prepared audit programs and accounts risk analysis.
Followed up on the client’s relationship, with emphasis on exceeding client’s expectation.
Offered advisory recommendations to clients, as value added services.
Evaluated internal control structures as part of performed audits.
Performed audits in major oil companies, airline companies, automotive, brokers/dealers, banks and other trading companies.
Participated in the preparation of claim reports submitted to the United Nations for losses sustained as a result of the Iraqi invasion of the State of Kuwait.
Certified Internal Auditor (CIA) from The Institute of Internal Auditors - USA
Certified Public Accountant (CPA) from California, USA
Bachelor of Commerce from Cairo University, Egypt - Cairo