Audit Officer
Albaraka Bank Pakistan Ltd
Total des années d'expérience :11 years, 5 Mois
Conducting Departments and branches audits as team member
Ensuring proper/smart sample is chosen for vouching of areas subject to audit
Preparing quality draft Audit reports and forwarding the same for review in timely manner
Assisting the Lead Reviewer in completion of in hand audit assignment, including branch and functional units
Timely closure of tasks assigned by Senior manager at the time of Audit Reviews
Participation in special assignments and investigations as and when required
Preparation of Branch’s detailed performance summary covering the overall deposits, advances, expenses for the audit period
The major areas I have worked on to, as a team member, are:
Departments and Branches:
Centralized Account Opening:
Individual, Partnership and Company Accounts
Remittance:
Inward, Outward Remittance Vouching and Home Remittance
Administration:
Rent agreements and Petty cash
Branches:
Cash, Cheque book process, ATM Card process, Re-activation of Dormant accounts, Stop payment process and account Closure Process in accordance with policies and procedures
Job Responsibilities:
Processing cheques for clearance to head office.
Calculating With Holding Tax and Processing fee to issue loans against gold as per the policy
Calculating Accrued markup on loans after stipulated time for settlement of gold loans
Receiving cash deposits and Processing utility bills.
Coordinating with the branch manager on daily working
Updating Daily Transactions report for Audit purpose
Job Responsibilities:
Fixed Assets:
Reconciling fridges/food stands based on SAP-BO & Branch accounting system on weekly basis
Processing newly acquired Assets for SAP capitalization
Processing necessary documents for transfer of fixed assets
Approving, generating & confirming work orders for delivery of fridges/food stands to customers
Verifying, reconciling & tagging all the Assets as per SAP record quarterly
Processing scrap notes for disposal of fixed assets
Circulating idle assets report to Head office
Petty cash:
Preparing Petty Cash Vouchers & assigning GL code & cost centre to charge the expenses
Processing vouchers for managers' approval for payment
Entering the Vouchers in PCMS(Petty Cash Management System) & reconciling with petty cash fund
Issuing, settling Floats & processing net payroll deduction for unsettle float on monthly basis
Preparing Petty Cash JV on Almarai month end for submission to Regional office
Budget & Profit & Loss Analysis:
Preparing list of expenses at beginning of the month
Processing payment of cash salary to employees
Comparing the actual & budgeted expenses for the month
Reviewing the Branch profit & loss Account for the month
Long Term Agreement Payments (LTA):
Arranging Long term agreement payments to customers through Head Office
Taking acknowledgement from sale supervisors for LTA cheques
Keeping a proper record of customers' confirmation up on receipt of cheques
Resolving the issues, if any, regarding payment of LTA cheques
Internal Control:
Conducting Cold store stock count on weekly basis & analyzing variance, if any.
Conducting Vehicle & Fridge spare parts stock count on monthly basis & verifying Gate pass, job cards for any difference
Conducting Credit audits in Market
Verifying fridges allocated to the customers
Conducting wastage count as per the product replacement policy
Verifying truck stock in the market
Data Processing:
Reconciling Route Summary with load summary & ending inventory
Checking accuracy of Transfer In & out made by salesmen
Reconciling cash in hand with bank lodgment report on daily basis
Responsible for taking Daily backup for all the transactions
Updating new implementations in the Accounting System
Bank Reconciliation:
Reconciling cash with bank statement on Cash and cheque management system on weekly basis
Providing summary of outstanding cheques to Regional office
Circulating details of bounced cheques to Head office and Regional office, if any