Assistant Head of Internal Audit
El-Ajou Holding Company
Total years of experience :15 years, 7 Months
1. Act as "Audit Leader" for audit engagements taking an active managerial role in the audit; supervising, guiding as well as executing audit work.
2. Perform complete and comprehensive audit for the financial statements including analysis and submit recommendations considering IFRS, VAT and ZAKAT status.
3. Assist the finance department in the implementation and customization of the financial function on the ERP system.
4. Prepare a report for the executive management over the budget performance including variance, causes, change requests and recommendations.
5. Perform root cause analysis for the ERP system gaps to ensure from the accuracy of the generated reports.
6. Assist the Finance department for improving the policies and procedures to ensure that business risks are managed properly.
7. Assist in the provision of ad-hoc advice on risk and control issues to senior BU management (includes special investigations).
8. Support the provision of professional training (audit methodology, governance, risk & control matters) both to audit staff and key stakeholders.
9. Prepare written reports for Executive Management that clearly and accurately explain the audit findings, their cause and impact on the defined objectives, and agree action plans with management to bring about the necessary improvements in the processes.
10. Working with and/or supervising the work of auditors to enhance the business and the quality of audits, while contributing to the development of audit team members.
1. Work involves leading and conducting audit projects; providing key inputs to development of the annual audit plan; providing consulting services to the Company’s management and staff.
2. Displaying teamwork, integrity and leadership. Working with team members to set goals and responsibilities for specific engagements and demonstrate ownership for the deliverables.
3. Contribute for preparing the risk based audit plan that complements and integrates with the overall organization’s annual audit plan.
4. Strong communication and presentation skills demonstrated through drafting of observations and audit reports and communicating with relevant stakeholders at all levels within the organization.
5. Actively contribute to the development of staff in audit to ensure that audit service standards and capability are continually improved.
6. Developing procedures, work schedules, priorities and programs and effectively use Teammate for achieving audit objectives.
7. Maintain all organizational and professional ethical standards and ensure internal audit activities carried out in compliance with the international standards.
8. Work independently under general direction with extensive latitude for initiative and independent judgment.
A-Financial Audit:
1. Perform evaluation for the fairness, accuracy, and reliability of financial statements.
2. Perform complete testing of any financial item (A/R, A/P, Fixed Assets, prepayment & Accruals….etc.).
3. Assist the Finance department for improving the policies and procedures to ensure that business risks are managed properly.
4. Perform detailed audit tasks for the insurance section including review of the insurance contracts, completeness of claims, reasons of rejections and collection status.
5. Provide notes and recommendations based on analysis of financial data.
B-Operational Audit:
1. Conduct risk assessment of assigned department or functional area in required timeline & and identify reportable issues of risk.
2. Establish risk-based audit programs.
3. Determine scope of review in conjunction with the Audit Manager.
4. Evaluate the effectiveness of operational activities and report lacks of control.
5. Review the suitability of internal control design.
6. Communicate audit findings to senior management and draft complete report of audited area in English/Arabic language includes (introduction, scope of audit, limitations, notes, impacts, and recommendation).
C-Compliance Audit:
1. Determine compliance of activities with internal policies, procedures.
2. Report violations of policies and procedures to senior management.
3. Follow up with audited department and make sure recommendations are applied.
-RAR Holding:
1. Record and verify entries or accounts, journals, general ledgers and issue notes.
2. Preparation of monthly financial reports.
3. Preparing financial statements (Balance sheet, Income statement, Cash flow statement)
5. Recording all loans transactions and calculating accrued Interest.
6. Preparing weekly reports (Status of Banks-Treasury Accounts-Loans).
7. Statement of equity evaluation for RAR business units.
8. Calculation of treasury interest.
-RAR REAL ESTATE Division:
1. Review & verify lease contracts, Receipts, and issue notes to customers.
2. Follow up with collection department and record received amounts.
3. Prepare monthly statement of account for Accounts receivable.
4. Prepare yearly Balance confirmation letters and communicate Customers.
5. Prepare monthly customers aging report and record provision for doubtful accounts & written off doubtful debts.
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