Khalil J. Al Wahhab, CPA

Saudi Arabia + (966-********* adht7d@r.postjobfree.com

LinkedIn: www.linkedin.com/in/khalil-wahhab

PROFILE SUMMARY

A seasoned finance and auditing professional, offering 25+ years of rich experience in proffering financial consultancy, value-creating internal and external auditing functions for multinational businesses across diverse sectors.

Mastered leading internal and external audit engagements, developing, and implementing audit plans and driving controls effectiveness over both business processes and financial reporting processes.

CPA credentials and CIA-finalist mastered driving all aspects of audit functions - planning, directing, and administering a comprehensive risk-based Internal Audit Program.

Championed providing strong financial leadership and controllership- enforced best practices in all policies and processes, accelerated continuous improvement efforts while ensuring internal controls and compliance requirements are met. Known for providing next generation auditing Services in global settings, identifying operational, financial and compliance related control weaknesses, recognizing patterns/trends with risk and control implications and formulating recommendations to strengthen control environment and enhancing Corporate Governance structure.

WORK EXPERIENCE

Manager Internal Audit - Head 2016 - Present

ESAD for Human Resources Solutions and Management, Dammam, KSA

Sector: Mega Manpower Supply Services

https://esadtalents.com/

ESAD is a closed joint stock company that started in 2013 and was one of the first companies authorized in recruitment and human resources solutions & management by the Ministry of Human Resources and Social Development in KSA. The Company offers wide range of support services in terms of providing manpower for many industries from pool of 10,000+ workers.

Accomplishments:

Instrumental in establishing the Internal Audit Department in lines with the audit charter, audit strategy and the International Standards for Internal Audit. Drove improvements in the wider control environment across ESAD.

Head-hunted for the unique position to influence value enhancement efforts- into the realm of a trusted business partner influencing management’s pursuit of excellence.

Authored Audit Manual & Charter for Audit Department which were approved by Audit Committee and Board of Directors.

Entrusted to draft ‘Schedule of Authorities Matrix’ for newly established Company, as corner stone of good Corporate Governance following appreciation from Audit Committee & Board of Directors

Team Leader for “Corporate Governance”, managed ‘ESAD Towards Excellence’ event in planning for ESAD 2018 Roadmap

Monitored implementation of new ERP Oracle-Fusion across the Company to ensure meeting pre-determined work requirements.

Partnered with External Consultants in applying new VAT (2017) as well as new IFRS adoption (2018).

Liaised with Management to develop Crisis Management Blueprint for COVID-19/2020-Pandemic, enabled cost saving initiatives, smooth operations and business continuity.

Roles:

Providing thought leadership and direction to Internal Audit function Driving the company’s internal audit vision and strategy. Providing unique insights to the Board and Executive Management as well as practical perspectives on managing risk.

Presiding over day-to-day management of the department including budget and resources allocations.

Enforcing adoption of good corporate governance across Company with enhanced organization structure supported by timely and informative reporting. Embedding agile auditing methodology & tools to provide stronger assurance.

Identifying and defining the right audit universe, that is in line with organizational goals and objectives.

Evaluating Risk Management & Internal Control Framework. Establishing the annual risk based internal audit plans, guarantying adequate audit coverage of the business, considering Company declared Mission & Strategic Objectives in addition to Board & Management concerns.

Ensuring appropriate testing methodologies are utilized to assess effectiveness & sufficiency of internal controls taking in consideration COSO framework.

Internal Controls Framework Expert - ensured that rigorous internal control is established and implemented in the ever-changing business and operating environments.

Instituting a robust and high-quality financial control agenda covering policies, standards and procedures.

Supervising due diligence checks, investigations, reviewing and resolving compliance issues to ensure adherence with local laws & regulations.

Reviewing Board minutes to stand on Board concerns and supporting board’s vigilance by monitoring management adherence to Board's resolutions / directions. Reporting directly to Board Audit Committee & Committee Secretary.

Guiding Senior Group of Staff on matter related to Corporate Governance principles, costs and benefit balancing importance to business, as part of Company Towards Excellence’ event in planning for 2018 Roadmap.

Financial Manager 2015 – 2016 Rainbow Graphic Supplies (Partnership), Amman, Jordan

Accomplishments:

Finance Thought Leader, leading a world-class finance function with brilliant analytical ability & decision-making prowess. Empowered financial decisions by establishing, monitoring, and enforcing policies and procedures.

Played a key role in establishing a culture of strong financial and cost control and appropriate risk management

Roles:

Annual budgeting and planning process owner, formulated budget model, short- and long-term financial projections, provided expert advice to senior management to ensure that budgets are on target

Analysed costs, pricing, variable contributions, sales results and the company’s actual performance compared to the business plans.

Evolved the Financial Planning, Analysis and Reporting process to aid decision making and alignment of strategy across the Company.

Served as driving force for enhancing the effectiveness and efficiency of the finance function and generate real insights to help deliver value to the business.

Endeavoured to maximize returns and limits risk on cash by minimizing bank balances/ recommending investments.

Superintended a dynamic team of Finance professionals. Trained, mentored, and empowered them to be of high calibre, recognized and utilized throughout the business as value added business partners.

Manager Internal Audit - Head 2009 - 2015

Bahrain Airport Services (BAS), Kingdom of Bahrain

Sector: Ground Handling – Aviation

https://bas.com.bh/

Bahrain Airport Services (BAS) was established in 1977, is considered one of the six major employers in Bahrain with workforce of 3200+ employees. The Company is granted a handling franchise agreement to provide the all Ground Handling Services for Bahrain International Airport. The Company also runs the biggest Catering facility on the Island.

Accomplishments:

Instrumental in institutionalizing and co-supervising COBIT-5 audit project and subsequent follow-up reports on Company ICT environment from 2013 to 2015. Project was completed by external IT Consultant reporting to Internal Audit Department.

Steered continuous improvement through process standardization. Undertook reliable and consistent performance measurements to gauge any gaps between actual and desired performance.

Served as trusted business partner and strategic advisor to the Board and Senior Management, providing timely foresight and insight on new businesses, governance, human capital, ICT environment and software applications.

Registered 2.5% annual inventory cost savings by implementing optimized procurement cycle, refurbishing purchasing policies, negotiation practices in addition to implementation of Suppliers' Evaluation System.

Partnered with Inventory Management on enhancing lead time and reorder point calculations within inventory system resulting in decreased inventory total balance by (8%), within short time of a year without affecting operations.

Advised upgrading of catering software application system resulting in improving work efficiencies.

Facilitated automation of numerous manual processes to strengthen work efficiencies across the Company.

Mitigated operation staff turnover by a whopping 35%, subsequent to adequate analysis and implementation of practical solutions.

Reported directly to Board Audit Committee and dotted line to Company CEO.

Member of Company Tendering Committee as Observer.

Team Member for evaluating new (to-be-acquired) Software Application Systems.

Roles:

Mapped the audit universe, identified auditable areas and assessed potential internal and external risks.

Developed annual risk-based audit plan considering adequate audit coverage of the business.

Benchmarked Company compliance with diverse regulatory bodies including Government of Bahrain, Bahrain Civil Aviation Affairs, IATA Standard Ground Handling Agreement.

Delivered value-added performance in internal audit, established auditing objectives and procedures for auditing programs as well as periodically updated the Internal Audit Charter.

Developed testing methodologies to assess effectiveness of internal control taking in consideration COSO framework.

Evaluated effectiveness of established financial and operational policies and procedures to provide recommendations on improvements to the Management.

Reviewed Company generated financial results for identifying unusual trends which may affect Company’s overall financial health, ensuring compliance with IAS & IFRS.

Steered feasibility studies for new business opportunities and Joint Ventures inside and outside of Bahrain.

Managed the corporate risk profile, handled risk assessment, prioritization and adequate future audit planning by tracking including Quality Assurance, Health & Safety, Security and Legal as well as considering risks raised within reports issued by external auditors and airlines' auditors.

Reviewed Board minutes to stand on Board concerns and supported board’s vigilance by monitoring management adherence to Board's resolutions / directions.

Financial Consultant – Internal Audit Services 2007 - 2009

Talal Abu-Ghazaleh Organization, Amman, Jordan

Sector: Financial Consultation

https://www.tagorg.com/

Joined the organization as External Auditor, moved on upward career trajectories, to merit promotion to the position of Financial Consultant at Internal Audit Services

Designation Chronology:

June 2008 - February 2009: Financial Consultant

November 2007 – June 2008: External Auditor

Accomplishments:

Instrumental in conducting financial feasibility studies for 20 midsize factories, prepared by third-party, reported to and on behalf of the United Nations.

Managed key assignment of Jordan Insurance Commission, to ensure that adequate compliance exists in line with specific new regulations across numerous insurance companies.

Head of Accounts - Partner 1994 – 2007

Wahhab Company (Group), Amman, Jordan

Sector: Manufacturing & Trading (Wholesale & Retail)

Accomplishments:

Successfully co-established 3 different companies for manufacturing and trading gold and other jewellery products through wholesale and retail selling lines.

Partnered steering the business in achieving planned objectives- exploring new regional markets as well as increasing local market share, increasing products varieties, enhancing production quality, financing mgmt. & customer satisfaction.

For 3 years worked as an Accountant to be promoted as Head of Accounts as well as inducted as Business Partner.

PROFESSIONAL DEVELOPMENT

Certified Public Accountant (CPA), California, USA, 2007.

Pursuing CIA – IIA. Passed Parts I & II.

Value Added Tax (VAT), East Champers of Commerce, Dammam, KSA, May 2017.

Business Model workshop, ESAD Training, Dammam, KSA, August, 2017.

VAT workshop, AlSharqia Chamber of Commerce, Dammam, KSA, May, 2017.

Advanced Excel, Computech International Centre, Jordan, March 2016.

Executive Briefing on Enterprise IT Governance using COBIT-5, by ISACA, Bahrain Chapter, 2014.

Strategic Information Security Management, ISACA, Bahrain Chapter, April 2013

The Art of Stress Management, Investment for Training & Development, Bahrain, May, 2012.

ISAGO “IATA – Safety Audit” training for Ground Service Providers, IATA, Bahrain, August 2009.

Claims & Loss Management, Willis Aerospace, Bahrain, October, 2009.

Feasibility Studies & Projects Evaluation, Talal Abu Ghazaleh College of Business/German-Jordanian University, Amman-Jordan, June 2008.

International Financial Reporting Standards (IFRS), Talal Abu Ghazaleh & Co., Amman-Jordan, 21-22 June, 2008.

International Standards on Auditing (IAS), Talal Abu Ghazaleh & Co., Amman-Jordan. 23-24 June, 2008.

CPA Preparation Course, by Ernst & Young, Amman-Jordan, May, 2002 to April, 2003.

TOEFL exam - passed, Toledo University, Ohio, USA, 1990.

Technology savvy, proficient in implementation of small and large- scale process improvements, driving innovation and delivering progressive change.

ERP, FUSION – ORACLE / ERP, JD Edward – ORACLE / ERP, E-Business Suite – ORACLE / TALEO – ORACLE.

In-Flight Catering Application System / In-Flight Cargo Application System.

Case Ware – Computer Assisted Audit Technique Software (CAAT).

PERSONAL DETAILS

Nationality: Jordanian Languages: Arabic and English Date of Birth: 1971

SIGNATURE SKILLS:

Internal & External Auditing

Process Re-engineering

Financial Control & Accounting

Financial Due Diligence & Operational Diagnosis

Operational Risk & Transformation

Internal Control

Financial and Operational Audit Compliance Audit

Corporate Governance

Board Liaison, Organizing Board Audit Committee meetings

IAS & IFRS

Establishing Policies & Procedures

Insightful Management Reporting

People Manager

EDUCATION & CERTIFICATES:

CPA – AICPA, USA, 2007

Bachelor’s Degree in Commerce - Accounting, Al- Ahliyyah Amman University - Amman, Jordan, 1994

Contact this candidate