Profile

Head of internal audit, with an array of experience ranging from SEC listed Companies to local individual entities. Solid 20 years development experience reviewing different type of entitis ranging between hotels, constructions, services, manufacturing, mining and trading fields, futhermore, a well establisher of risk policies, focusing with a hands-on development of risk models involving market, credit and operational risk, assure controls are operating effectively, and provide research and analytical support.

Areas of Expertise

External Audit Internal Controls Treasury Management

Internal Audit International Financial Reporting Strategy development

Risk Management Financial control & Budgeting Leadership skills

Achievements

Establishing internal audit funtction in Suliman A. Al-Rajhi Real Estate Investments,

Assisting in developing governance structure for Awqaf Sulaiman Al Rajhi Group,

Assisiting in the development of comprehensive governance structure for centralized audit committee that supervises of sub-audit committees in the group subsidiaries (25 main subsidiaries with 72 business unites). This includes:

Developing charters and communication and reporting structure with Board of Trustee, BoD directors /executive management for all entities.

Development of a centralized Internal Audit function for a group of 30 entities with diversifies industries across the region (KSA, Sudan, Egypt, Emarties) including Investments, Real Estate, Contracting, Manufacturing, Cement, agriculture, technology and FMCG.

Key role in establishing, updating, and monitoring the enterprise risk management (ERM) framework and processes within the authority to ensure the risk exposure of ASRHC remains within the acceptable limits while striving to achieve the mission, vision, and objectives to ensure the facilitation of the day-to-day implementation of the ERM program within Departments, Units, and Committees to cover the risks facing ASRHC.

Work Experience

Company name: Suliman A. Al-Rajhi Real Estate Investments

Company website: https://www.alrajhiinvestments.com/en

Location: Riyadh, KSA

Duration: Jan1, 2020 – Present

Position: Head of internal audit

Responsibilities

Plans financial, regulatory, compliance and operational intrenal audits,

Conducts risk assessments and approve risk and control matrix,

Setting out internal audit manual and prepares the internal audit charter in accordance with the Institute of Internal Auditors (IIA) requirements,

Performs/test key risks audit procedures to verify controls are efficient and effective and identifying gaps and opportunities for improvement,

Asessing the internal control environment,

Documents the results of audit work in accordance with the Institute of Internal Auditors (IIA),

Prepares timely audit reports for executive management, the Audit Committee and BoD.

Company name: Awqaf Suliman Al-Rajhi Holding

Company website: http://www.asrhc.com

Location: Riyadh, KSA

Duration: May 2016 – Dec31, 2020

Position: Manager/ Internal audit and risk management

Major group companies:

Awqaf Sulaiman Al Rajhi Holding Co. (KSA)

Sulaiman Al Rajhi Real Estate Investments group (KSA)

Watania for Industries group (KSA, Dubai)

Watania Poultry (KSA & Egypt)

Al Rajhi for Agricultural investments group Companies (KSA, Dubai, Sudan, Egypt, Morocco)

Atbara Cement Company (Sudan)

Watania for Information systems

Responsibilities

Internal audit

Plans financial, regulatory, compliance or operational reviews/audits.

Conducts risk assessments and identifies controls in place to mitigate identified risks.

Performs audit procedures to verify that controls are operating through testing and interviewing techniques.

Approve internal audit reports and identifing internal control gaps and opportunities for improvement.

Documents the results of audit work in accordance with audit department and the Institute of Internal Auditors (IIA) standards.

Prepares timely audit reports for executive management, the Audit Committee and the BoD,

Assess, evaluate and promote compliance to internal policies and procedures.

Contributes, as appropriate, in the year-end financial audit with the external auditor.

Paricipating in the establishment of centerlized Enterprise Risk Management framework "ERM" and related its ploicies and procedures.

Provide feedback on performance of Internal Auditors, on audit assignments, as applicable.

Risk management

ERM Framework

oDevelop an overall enterprise wide risk management strategy and implementation plan;

oOversee the design and implementation of the different RM phases across ASRHC;

oMaintain and update ERM policies and procedures and ensure alignment;

oRecommend the risk appetite and tolerances to the CEO and BoD;

oRecommend the governance structure, roles & responsibilities, processes & procedures, and prioritization criteria to the CEO and BoD;

oRoll-out in line with the approved implementation plan the different RM phases

oProvide the ExCom. and CEO recommendations on developing ERM practices for improving the existing RM capability; and

oImplement approved recommended improvements and monitor implementation effectiveness.

Risk Identification, Prioritization and Treatment

oReview all the risks identified by the Departments and ensure all material risks are properly escalated to the right level within the authority;

oEngage the Executive Management in discussions regarding events that could lead to potential losses or missed opportunities;

oLead risk assessment workshops;

oAggregate identified risks and escalate to assessment results to the CEO;

oFacilitate the development of risk treatment plans with the risk owners;

oReview the drafted individual risk treatment plans and consolidate into an enterprise wide risk treatment strategy;

oObtain approval on risk treatment strategy; and

oAssist in securing resources for the implementation of risk treatment strategy.

Monitoring and Reporting

oMonitor compliance and effectiveness of the RM processes and procedures within ASRHC and report on results;

oMonitor implementation timeliness and effectiveness of the risk treatment strategy;

oConduct periodic reviews of material risks;

oGather data and provide regular and ad hoc reports to the Executive Management, CEO and Audit & Risk Committee;

oFacilitate the definition and analysis of the ERM metrics such as key risk indicators (KRIs) and report on breaches to relevant parties; and

oAssist in the specification and analysis of vendor, technical, and functional requirements of the risk management system.

Company name: El Araby Group (Internal Audit Department)

Company website: www.elarabygroup.com/ar/home

Location: Egypt

Duration: June 2014 – March 2016

Position: Internal audit Senior manager

Responsibilities

Plans financial, regulatory, compliance or operational reviews/audits.

Coordinates work with Risk, Legal & Compliance and other control-related activities and with others within Internal Audit.

Conducts risk assessments and identifies controls in place to mitigate identified risks.

Performs audit procedures to verify that controls are operating through testing and interviewing techniques.

Analyses and concludes on effectiveness and efficiency of control environment.

Identifies control gaps and opportunities for improvement.

Documents the results of audit work in accordance with audit department and the Institute of Internal Auditors (IIA) standards.

Prepares timely audit reports for executive management, the Audit Committee and the Board of Directors.

Assess, evaluate and promote compliance to internal policies and procedures.

Contributes, as appropriate, in the year-end financial audit with the external auditor.

Researches new or technical subjects when required to support audits.

Provide feedback on performance of internal auditors, on audit assignments, as applicable.

Company name: Egyptian Arab Company for Pies (Subsidiary of FEP)

Company website: http://fep-capital.com/

Location: Cairo, Egypt

Duration: Jan 2014 – May 2014

Position: Financial manager

Responsibilities

Oversees the daily accounting activities required to maintain the Authority’s general ledger.

Approve Opex and Capex forms alongside with Cash out forms.

Preparing business plans and Cash management reports to management.

Supervises and reviews the work of the accounting staff (including, but not limited to, cash reconciliations, trust account statement reconciliations, check runs, accounts receivable transactions, fixed asset activity, accounts payable transactions, debt activity, recording of revenue and expenses)

Resolves complex accounting issues and assists other departments personnel in resolving financial issues.

Produces quarterly and annual financial statements and financial reports..

Work with the retained Audit firm to ensure a clean and timely quarterly and yearend audit

Company name: Universal Group (Internal Audit Department)

Company website: Http://www.universalgroup.org

Location: Cairo, Egypt

Duration: Dec 2012 – Dec 2013

Position: Internal Audit Deputy Manager

Responsibilities

Setting out audit plan on a yearly base and following up the implementation process.

Scheduling professional staff and seniors to each engagement and monitoring/developing their strengths and weaknesses.

Carries out audit on significant areas in order to assess effectiveness of controls, accuracy of financial records, and effectiveness of operations.

Auditing departments and interviewing workers to ensure that the control processes are in compliance with the applicable laws and regulations.

Reporting for audit findings and follow up corrective actions with the risk owners.

Company name: Glass Rock Insulation Company - Subsidiary of ASCOM Egypt

Company website: https://www.glassrock.com.eg

Location: Cairo, Egypt

Duration: Feb 2012 – Oct 2012

Position: Chief Accountant

Responsibilities

Oversees the daily accounting activities required to maintain the Authority’s general ledger.

Supervises and reviews the work of the accounting staff including and not limited to, cash reconciliations, trust account statement reconciliations, check runs, accounts receivable transactions, fixed asset activity, accounts payable transactions, debt activity, recording of revenue and expenses, on SAP system.

Maintains organized set of detailed records and files to document financial transactions.

Resolves complex accounting issues and assists other departments personnel in resolving financial issues.

Produces quarterly and annual financial statements and financial reports..

Assist in Initiating budgets and forecasting activities

Work with direct report to establish performance goals and objectives for each year and monitor and advise on the progress to enhance the professional development of staff

Work with the retained Audit firm to ensure a clean and timely quarterly and yearend audit.

Company name: KPMG Egypt - Hazem Hassan

Company website: http://home.kpmg/eg/en/home.html

Location: Giza, Egypt

Duration: Dec 2008 – Jan 2012

Position: External audit Deputy Manager (External Audit Division)

Responsibilities

Assist the engagement partner and/or senior manager in the development of the expected scope and conduct of the audit

Review and approve the planned activities prior to the start of significant fieldwork

Schedule other professional staff and maintain liaison with the entity on the timing of the engagement

Monitor the progress of the engagement against timetable and budget and keep the engagement manger informed of significant variances

Resolve issues with the engagement team members as they arise and discuss them with the engagement manger, as appropriate

Supervise and direct the other professional staff on the engagement

Prepare and/or supervise the preparation of reports to management

Review engagement-working paper.

Audit industry field:

Industrial &Constructions:

Juhayna Group,

S.E Wiring Systems Egypt (Sumitomo Group),

Seta Free zone company (Shamsi Group)

Nile Aster international (Aster Group).

Mining:

Sinai White Portland Cement Company

Egyptian Cement Company.

Non-for-profit organizations:

Children’s’ Cancer Hospital Foundation (57357)

Association friends of national cancer institute (AFANCI).

Company name: S Travco Travel International

Company website: https://www.travcogroup.com

Location:

Duration: November 2007 – Nov 2008

Position: Internal audit Senior Auditor

Responsibilities

Carries out audit in order to assess effectiveness of controls, accuracy of financial records, and effectiveness of operations.

Audit of departments and interviews workers to ensure recording of transactions and compliance with applicable laws and regulations, by reviewing records regarding staff and safeguarding controls of material assets.

Ensures that workflow among departments is complied with the policies and procedures through reviewing /analyzing documentations in order to eliminate duplication of effort.

Examining accounting systems o determine their efficiency.

Ensure the company’s policies and procedures comply with laws and government regulations.

Reporting for audit findings and follow up corrective actions.

Company name: KPMG Egypt - Hazem Hassan

Company website: http://home.kpmg/eg/en/home.html

Location: Giza, Egypt

Duration: June 2004 – Oct 2007

Position: Senior auditor (External Audit Division)

Responsibilities

Understanding and evaluating internal controls enviroment, assessing risks by identifying risk’s impact on assertions level among the financial statement’s accounts and financial statement level moreover, participating in setting out the audit programs as results from planning stage.

Assist the engagement manger in the development of the expected scope and conduct of the audit.

Prepare planned activities prior to the start of significant fieldwork.

Schedule professional staff and maintain liaison with the entity on the timing of the engagement.

Resolve issues with the engagement as they arise and discuss them with the engagement manger,

Supervise and direct the other professional staff on the engagement.

Prepare and/or assist the preparation of reports to management.

Preparing certain working papers and making them available for review by the appropriate member of the engagement team.

Audit industry field:

Industrial:

Al Ahram Beverages (ABC) Group of Companies - Heineken Subsidiaries -,

Clariant Egypt Co.,

Dalydress Co.,

Egyptian German Company for Dyes and Resins,

Egyptian Can making Co.

Communications and Constructions:

Siemens Limited Egypt,

Egyptian German Telecom Egypt,

T.E Data Co., Mentor Graphics Egypt,

Mining:

Egyptian Cement Co.

Company name: SHAWKI & CO.

Company website: https://www.mazars.com.eg/Home/About-us/Mazars-in-Egypt

Location: Cairo, Egypt

Duration: Jan 2001 – May 2004

Position: External audit Junior Auditor

Responsibilities

Understanding and performing the tasks as assigned.

Assist the engagement senior in the development of the expected scope and conduct of the audit.

Preparing certain working papers and making them available for review by the appropriate member of the engagement team.

Education

1997 - 2000 Cairo University, BSc. commerce, accounting major.

CIA: In progress

Skills

Language: Arabic: Mother tongue.

English: Fluent (British Council).

Italian: Fair (Don Bosco).

Computer: Office 2003 & 2007, Windows, internet, Microsoft (Excel, word, PowerPoint).

Trainings

Project management trainings.

TeamMate Audit Management software training in 2016, for electronic working papers

Personal Details

Date of Birth: Jan 5, 1980

Nationality: Egyptian

Social Status: Married

KSA Iqama: Transferable

Military service: Completed.

Haitham Hassan Ahmed Al-Akkad

Address: 65 Talha Bin Obeidallah St. Exit (15), Riyadh, KSA.

Tel.: +966-**-**-**-***

E-mail: adorte@r.postjobfree.com

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