Chief Financial Officer CFO
Confedetial
Total des années d'expérience :26 years, 9 Mois
Taking full responsibility for all the financial management activities of the company
Handle All Financial Work
Handle Internal Audit Department
.Identifying and evaluating significant exposures to risk and contributing to the Improvement of risk management, control systems, and governance in accordance with accepted professional standards.
Evaluating the adequacy and effectiveness of controls encompassing the organization's governance, operations, and information systems and the promotion of their continuous improvement through bringing a systematic, disciplined approach.
Evaluating the reliability and integrity of financial and operational information.
Evaluating the effectiveness and efficiency of operations.
Evaluating the safeguarding of assets.
Evaluating compliance with laws, regulations, and contracts.
Ascertaining whether management has established adequate control criteria to evaluate the accomplishment of objectives Preventing and detecting fraud, illegal acts.
Establish Risk- Based plan to determine the IAA's priorities
Establish policies and procedures for the internal audit activity
Assist the CAE to incorporate results from Group risk assessment process as part of the audit plan preparation process.
Possess knowledge of (IFRS), international standards for professional practice of internal auditing, COSO, (SOX).
Re-evaluating risks on an annual basis through a risk assessment process to ensure that the priority risks
Develop comprehensive, practical Audit programs of engagement coverage
Identifies those activities subject to engagement coverage, evaluates their significance, and assesses the degree of risk
Obtain and maintains an audit staff capable of accomplishing the internal audit function.
Provide executive management with reports on engagement coverage, results.
updated audit universe includes components of the organization's strategic plan.
Performs related work as assigned by the audit committee of the board of directors.
provide training to the audit staff to support all aspects of Internal Audit activities to ensure that approved audit objectives are met.
ensure timely and accurate closing of monthly financial .
ensure existence and implementation of internal control policies .
ensure timely preparation of management reports and schedules
ensure accuracy of inventory level per book against actual, though periodic inventory count activity .
Monitoring performance and efficiency analyzing change and conducting risk assessment participating in strategic planning and formulating long - term business plans .
Ensures corporate compliance to government regulations, and internal controls .
Direct the development of the financial and accounting policies, procedures and systems and advise senior management on the interpretation and implementation of these policies, procedures & systems . this includes ensuring that there is an appropriate internal control framework in place within the company to effectively manage key business risks and safeguard the company's assets .
Manage and monitor acc's cash transactions within the system and depositing cash or cheques at the bank.
Prepare projected cash flow statements including the projected bank facility requirements and timings used for management reporting .
Review and evaluate the different bank facilities like (Loans, overdraft, letter of credit and letter of guarantee ) in order to maintain a balanced effective corporate financing .
Review wording of letters of credit and bank guarantees either received from or sent to the bank and chose the best practice that suit the company needs .
Bank statues reporting and keeping balances in the banks accommodate the need of the company and its operations .
Maintain high profile bank relation with bank officers and management.
Examining and Auditing of Financial Statements.
Preparing of Management Letters & Audit reports pertaining to the Financial Statements.
Establishes Policies for the auditing activity and direct its technical and administrative functions .
Develop and executes a comprehensive audit program for the evaluates the adequacy and effectiveness of the management control system of all group companies activities towars the accomplishment of its objectives in accordance with company policies and plans .
Authorizes the adequacy of the action taken by operating management to correct deficient conditions, acknowledges adequate corrective action, continues to review with appropriate management personnel actions considered inadequate until there has been a satisfactory resolution of the matter .
Identifies those activities subject to audit coverage, evaluates their significance, and assesses the degree of risk inherent in the activity in terms of cost, schedule, and quality .
Providing Efficient and Effective Accounting and Internal Audit procedures.
Understanding and responding to External Reporting Requirements.
Participating in development of Corporate Strategy and decision-making.
Improving the adequacy effectiveness of risk management, control & governance processes.
Designing the Audit plans based on risk exposures.
Evaluating and improving the adequacy & effectiveness of Internal Control system.
Assuring compliance with policies, procedures, applicable laws.
Allocating the internal audit resources efficiently and effectively.
Provides reports to executive management within the assigned location concerning coverage and the results of the audit activity. Interprets those results to improve the audit program and its coverage .
Establishes and monitors accomplishment of objectives intended to increase his department's ability to serve management.
Examining and Auditing of Financial Statements .
Establishes Policies for the auditing activity and direct its technical and administrative functions .
Develop and executes a comprehensive audit program for the evaluates the adequacy and effectiveness of the management control system of all group companies activities towards the accomplishment of its objectives in accordance with company policies and plans .
Authorizes the adequacy of the action taken by operating management to correct deficient conditions, acknowledges adequate corrective action, continues to review with appropriate management personnel actions considered inadequate until there has been a satisfactory resolution of the matter .
Providing Efficient and Effective Accounting and Internal Audit procedures.
Understanding and responding to External Reporting Requirements.
Improving the adequacy effectiveness of risk management, control & governance processes.
Designing the Audit plans based on risk exposures.
Evaluating and improving the adequacy & effectiveness of Internal Control system.
Assuring compliance with policies, procedures, applicable laws.
Establishes standards of performance and reviews performance according to those standards .
Provides reports to executive management within the assigned location concerning coverage and the results of the audit activity. Interprets those results to improve the audit program and its coverage .
Establishes and monitors accomplishment of objectives intended to increase his department's ability to serve management.
Making Trial Balance Monthly - Making Income Statements - Financial Position - Analysis Reports
Making Financial Analysis (Ratio- Vertical - Horizontal )
Examining and Auditing Costing Accounts
Making Ending Accounts (Income Statements - Balance Sheet- Cash Flow Statement- Financial Analysis - Budget )
Auditing output of accounting computer system (package
Establishes financial Policies, systems and procedures for the
company.
Implement a system of internal control to safeguard the entity ' s assets .
Supervise . manage and develop an effective accounting team .
Prepare and analyze various corporate financial measurements, related to working capital management, cash flow .
Prepare financial reports as required by management, including monthly project profitability report comparing current projected profit ( based on actual and projected dales and project costs ) against feasibility study and approved project budget .
Project costing - monitoring actual project cost against the budget . reporting and analyze the variances .
Control accounts payable and all payments including project and marketing payments to ensure that all costs and payments are properly incurred and authorized for payment against an approved budget .
Ensure that all revenues, costs and liabilities are properly recorded and accounted for and that all assets are secured
Assuring compliance with policies, procedures, applicable laws.
Plan, coordinate and oversee all the activities of the accounting department in the areas of accounting, treasury, payroll and financial analysis ..
Oversee assets and inventory management .
Making Trial Balance Monthly - Making Income Statements - Financial Position - Analysis Reports
Making Financial Analysis (Ratio- Vertical - Horizontal)
hMaking Addition & Reduction Tax Declaration Quarter .
Making Banking Reconciliation Monthly (all currency ) .
Recording in American journal records .
Recording in subsidiary records .
Recording in accounting computer system (package )
Recording in general journal & posting to general ledger
Recording in fixed assest system .
Participated with chartered accountant in taxes investigation (inspection ) annually