Group Internal Audit Senior Manager
Alkhorayef Group
مجموع سنوات الخبرة :19 years, 3 أشهر
1- Developed Internal Audit Department Charter.
2- Prepare financial and operational internal audit plan for 15 business units and 130 points of sales for audit department staff and discuss it with the head of Internal Audit Department to ensure covering the owners concerns and best utilization of the available resources. Also prepare special consulting assignments plans as requested by owners.
3- Update the plan on monthly basis and record any deviations or emergent changes in the plan for future reference.
4- Prepare audit program for each assignment and discuss it with the audit team before the commencement of the assignment.
5- Monitor the assignments during the execution phase to ensure achieving objectives and completing work in a timely manner.
6- Review the working papers of the assignments to ensure the sufficiency and appropriateness of performed work and conclusion support.
7- Direct and review the preparation of reports and findings communications.
8- Conduct exit meetings with process owners to ensure the agreement on the report deliverables.
9- Evaluate the performance of subordinate staff.
10- Supervision, training, coaching and development of subordinate staff.
11- Establish strong relationship with business units.
1- Operational and financial internal audit engagements that cover planning, executing, reporting, closing, discussing with the audit committee and following up on previous reports.
2- Experienced in conducting internal audit for Projects Management, Cash and Bank, Costing, Budgeting, Accounts Receivables, Accounts Payable, General Ledger, Fixed Assets, Marketing, Administration, Human Resources, Procurement, Inventory, warehouse and operation functions.
3- Experienced in the following industries Pharmaceutical, Utilities (Telecom, water and waste-water), Diversified Investment Group, Retail, Banking, Investment, Insurance Services, Manufacturing, Government and Construction.
4- Internal controls assessment based on COSO Internal Control Framework for publicly listed company and government owned company, I have planned the assessment, prepared the questionnaire, selected the relevant functions for the assessment, set meeting schedules, conducted the meeting and discussed the questionnaire results then identified the gaps of the company’s internal control system and reported it to the audit committee.
5- Inspected with Capital Market Authority the authorized persons “investment companies” for the following services: Dealing, Arranging, Advising, Managing and Custody.
6- Experienced in drafting policies, procedures and process maps for Accounting and Human Resources.
1- Performed strategic analysis for Government owned and privately owned companies in Manufacturing, Texturing, Land Development, Business Services, and Palm Tree Cloning Industries.
2- The analysis covered Strategic, Finance, Accounting, Marketing, Operations, Supply Chain, IT and Management Reporting aspects using maturity models, business excellence framework, SWOT analysis, internal controls assessment and financial ratio analysis. The analysis shows the current status of the company, identifies the problems and the causes of the problems using fishbone and causal analysis tools then a road map for solving those problems to achieve the company’s objectives.
3- Established job profiles for Texturing government owned company.
4- Performed company’s accounting practices benchmark with the International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) for a leading telecom company.
5- Worked in the Saudi Ministry of Finance project for changing the accounting practices from cash basis to modified accrual basis as per The International Public Sector Accounting Standards Board (IPSASB).
1- I have established the accounting function by conducting a thorough study, verification, confirmation and counting of the company’s inventory, cash and bank, accounts receivable, vehicles, furniture, IT assets, accounts payables and owners equity. In addition to the company’s budgeted income statement.
2- Handled all bookkeeping and adjustments transactions for accounts receivable, accounts payable, inventory, payroll, petty cash, bank and fixed assets modules.
3- Prepared monthly financial and operational analysis reports to the management that shows the profitability ratios, operational ratios such as inventory and accounts receivable turn over and sales analysis with budget variance analysis.
4- Prepared balance sheet, income statement and owners equity statements and dealt with external auditor requirements.
5- Prepared feasibility studies to support the management in taking investment decisions. The study included, cash budgeting, payback period and break-even point analysis.
1- Recording the company’s internal claims.
2- Reconciling the internal claims with the issued payments.
Certified Management Accountant
I have graduated with Second Class honor.