Team Leader - Group Internal Audit
AW Rostamani Group
Total years of experience :15 years, 1 Months
• Reporting to the Head of Internal Audit and Senior Internal Audit Manager, took overall responsibility and acted as a manager by leading all assigned engagements including the management of assigned team members.
• Carried out risk assessments, identifying, and evaluating risks and controls for key business processes.
• Planned, executed and managed internal audits of financial cycles and operational functions covering diverse industries and business functions within the group consisting of a diversified portfolio of businesses. This included managing the internal audits from the kick-off meeting till the preparation of executive summaries.
• Managed the compliance audits of the group by allocating tasks among the team, review of compliance reports, communication with stakeholders including transmittal of reports, resolution of issues, providing status updates to reporting manager on the compliance audits status, managing the follow up on implementation of agreed action plans, etc.
• Developed compliance audit checklists through own research for new compliance scopes within the group and updated the outdated checklists that were previously used in compliance audits.
• Supervised the quarterly follow-ups with process owners to determine the status of implementing agreed action plans and prepared progress presentations for the Executive Management.
• Directed, counseled, and instructed subordinates allocated on projects under me, and reviewed their work for sufficiency of scope and for accuracy; leading the audit team to optimal performance.
• Identified Key Risk Indicators for assigned businesses and coordinated with the Data Analysis team for the development of KRI dashboards for continuous monitoring of key risk indicators.
• Coordinated with external stakeholders to update reporting manager on the status of any tasks outsourced to 3rd parties.
• Auditing key areas for one of the biggest retailer in GCC, having more than 90 brands and dealing in various sectors such as sports and fitness, FMCG, real estate, healthcare and education.
• Successfully project managed certain divisions including the Sports Retail, FMCG, Logistics, E-commerce and Pharma divisions in the preparation of group wide of risk registers with the ultimate responsibility of delivering final risk registers and audit programs.
• Participated in developing long term audit plans based on the risk assessments performed.
• Produced SOPs template for the group and project managed the entity wide SOPs preparation to ensure all business divisions within the group comply with internal deadlines given by the business and all SOPs are complying with good governance and business best practices.
• Supervised and performed internal audits of different business units within the group including performance of test of controls, other substantive audit procedures. Furthermore, provided weekly updates to head of the department on progress of audits.
• Liaised with heads of other departments to discuss audit findings and recommendations in draft audit reports and produced final audit report to be issued to the board and the Audit Committee.
• Successfully performed ad-hoc reviews such as fraud investigations and cost reduction exercises upon management
o Helped FMCG division achieve cost savings in terms of reducing its annual inventory wastage by identifying process improvements.
PwC Sri Lanka is a member firm of PwC Global. It is a Professional Organization providing services such as Auditing, Taxation, Legal Advisory, Information Risk Management, Corporate Finance, and Management Consultancy.
PwC is rated among the big Four firms of chartered accountants in the world and PwC is Sri Lanka is one of the largest and the oldest accounting and auditing firms in Sri Lanka.
Audit Clients include: Manufacturing, commercial banks and development banks, leasing companies, venture capitals, insurance companies and insurance brokers, resort hotels, travel agents, aviation services, plantations and estate management companies, non - profit organizations, import and export businesses and shipping companies, etc.
• Reporting to the Senior Manager and Audit Partner managed internal audit functions of clients in the financial services sector and the insurance sector.
• Prepared service proposals to attract new clients, performing extensive research on clients and client industries and participated in the development of innovative internal audit products to meet client needs. Communicated broad range of services provided by PwC comprehensively to potential clients.
• Ensured the quality of team's work products and addressed the needs of clients by demonstrating the required knowledge of clients' organization and business/regulatory environments.
• Prepared final audit reports for client organizations in line with PWC reporting protocols.
• Demonstrated continuous learning and assisted subordinates through knowledge sharing to bridge any knowledge gaps and kept all technical and business skill set updated.
• Prepared project budgets / resource allocation schedules and allocated work across the team.
• Successfully project managed all assignments ensuring project milestones and quality aspects are met.
• Monitored progress of the assignments at all stages provided timely status updates to the Senior Manager / Audit partner.
• Ensured my team is motivated to carry out audits as per the required standards.
• Upon completion of the project, communicated and followed-up on recovery of audit fees from clients and to obtain feedback on the output (through client satisfaction surveys)
Saleh Al Hamad Al Mana Co. is one of the leading automotive distributors in the region & the sole distributor of Nissan, Infiniti and Renault brands in the State of Qatar. Over the years, with best practices and total customer focus the company has moved from strength to strength & today earns the distinction of having the market leadership within certain key segments & the highest market share for Nissan within the GCC countries. Apart from the involvement in the Automotive industry, S.H. Al Mana Co. is also in to provision of other services such as Real estate, Rent a Car services, Catering Services, Retail sale of Fashion Wear, etc.
• Reporting to the Chief Internal Auditor, performed risk assessments and prepared audit programs accordingly as a part of planning audit assignments to be carried out.
• Carried out internal audits of various operational functions and financial records.
• Performed ad-hoc investigations such as fraud investigations upon management requests while maintaining utmost confidentiality and professionalism.
• Successfully project managed perpetual counts of inventories (lasting for over 6 months) of vehicle spare parts in the automobile division and managed inventory counts of other group companies operating in catering and retail businesses.
• Prepared audit reports in a clear and concise manner to communicate audit findings to the Executive Management.
• Collaborated with all departments and Group companies within the organization to ensure the delivery of an efficient, high quality internal audit services.
KPMG Sri Lanka is a member firm of KPMG International. It is a Professional Organization providing services such as Auditing, Taxation, Legal Advisory, Information Risk Management, Corporate Finance, and Management Consultancy & Executive Recruitment.
KPMG is rated among the big Four firms of chartered accountants in the world and KPMG Sri Lanka is one of the largest and the oldest accounting and auditing firms in Sri Lanka.
Audit Clients include: Manufacturing, commercial banks and development banks, leasing companies, venture capitals, insurance companies and insurance brokers, resort hotels, travel agents, aviation services, plantations and estate management companies, not for profit organizations, import and export businesses and shipping companies, etc.
• Audited financial statements of clients prepared in accordance with International Financial Reporting Standards (IFRS) based on the International Standards on Auditing (ISA).
• Collaborated with clients and client management staff at different levels to ensure the delivery of an efficient, high-quality audit within agreed deadlines and budgets.
• Assessed compliance over tax calculations, submission of tax returns ad tax payments (Corporate Tax, VAT, NBT, and Economic Service Charge) to authorities and advised clients on regulatory obligations / tax guidelines.
• Provided coaching, mentoring, and consultation to junior staff with minimum or no previous audit experience. Supervised work of subordinates and reviewed their working papers to ensure that worked performed was in compliance with KPMG Audit Methodology. Further, encouraged new team members to increase the value of client service and quality of work by willingly sharing knowledge and expertise.
• Prepared management letters to be sent to the client highlighting weaknesses in internal controls together with its implications and recommended actions for improvements.
• Advised clients on their regulatory obligations
UAECA - Associate Member
ACCA - Associate Member
Second Class
