Ahmed Mohamedabdelsamee
Internal audit manager
Elnozha,Egypt
Summary
Seasoned auditing professional knowledgeable about risk aversion strategies, cost reduction options and financial processes. Decisive and persuasive communicator with proven problem-solving, leadership and planning abilities.
Overview
21
21
years of professional experience
8
8
Certification
Work History
Internal Audit Manager
SHADYPACK Pharmaceutical & food packaging
Cairo, Elobor
06.2010 - Current
- Responsible for integrating auditing concepts and ensuring that a risk management and auditing processes are properly carried out duties.
- Assists in developing the organization's annual audit plan
- Manage the performance of audit assignments and review working papers and audit reports;
- Editing of reports prepared by other auditors & supervised 6 staff members.
- Audit schedules and plans; Initiates project planning, risk assessment and development of audit direction.
- Performs initial planning and setting direction for audits, provides leadership to assigned auditors, and project management of quality results, while meeting established time budget
- Managed audit staff in the performance of subsidiary audits to maintain adequate risk and financial controls while monitoring compliance to company policy and procedures.
- Enforced policy maintaining an effective internal control environment.
- Supervised multiple engagements in a time sensitive environment.
- Determined the optimal course of action to reduce risk and improve profitability
- By analyzing and identifying inefficiencies and internal control weaknesses via the breakdown of complex problems into component elements
- Maintained financial statement integrity while minimizing risk through the timely issuance of tailored management reports.
- Reduced costs and headcount by recomending administration functions.
- Managed internal audit services provided to all business units.
- Prepared the annual audit plan based on risk based audits approach.
- Analyzed internal controls, operational deficiencies, and provide recommendations& prepared quarterly executive summary for senior management.
- Enhanced audit controls by improving planning and testing processes.
- Developed and implemented corrective actions to bring business areas in line with standards.
- Worked with management at project level to achieve expense plans.
- Evaluated design and operating effectiveness of audit areas.
- Identified audit risks, prepared budgets and coordinated with management and audit team in preparing related reports.
- Identified management control weaknesses and provided value added suggestions for remediation.
- Partnered with auditors to track errors and add contributions to maintain accuracy.
- Collected and reported monthly expense variances and explanations.
- Facilitated financial and operational audits, working with internal and external managers to communicate recommendations or issues surrounding audits.
Senior Accountant
MARBLE ART
Cairo, Elobor
09.2004 - 05.2010
- Manage and analyze the budget and create financial forecasts
- Calculate taxes and tax returns
- Prepare balance sheets and write profit and loss statements.
- Set up and improved accounting systems and processes to meet business needs and maximize operational success.
- Evaluated and improved financial records to make important business decisions.
- Directed accounting team in timely reporting of finances for diverse client businesses.
- Reconciled balance sheets and streamlined best practices for balance sheet processes.
- Completed year-end closing processes with controllers and external auditors.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Reconciled accounts and created documents for monthly closure procedures.
Auditor
ELSLLAB FOUNDATION FOR TRADE
Cairo, Nasr city
10.2001 - 08.2004
- Review the daily Bills of consumer's quantities and prices
- Commercial customer audit.
Education
Doctor of Business Administration - Business Administration
International Business Academy of Switzerland
Switzerland06.2022
MBA - strategic planning
International Business Academy of Switzerland
Switzerland09.2019
High School Diploma -
International Business School of Scandinavia
Denmark01.2014
Diploma - Strategic Management and Leadership
International Business School of Scandinavia
Denmark03.2015
Diploma - strategic Marketing
Diploma - Organizational Behavior Management
Diploma - Finance management
Diploma - Project Management
Bachelor of Commerce - Business Administration
Helwan University
Egypt05.2001
Diploma - Total Quality Management
International Business School of Scandinavia
Denmark2018
High School Diploma -
International Society of Financial Analysts (ISFA)
France08.2017
Skills
- Initiative
- Analytical thinking
- Judgment
- Organization skills
- Independent
- Problem Solving
- Logical Thinker
- Professionalism and work ethic
- Communication skills
- Microsoft Office : Excel, Word, PowerPoint, Visio, Ms Project
- Data analysis tool : MINITAB
- Abilities and professional skills
- Strong knowledge of risk management principles and an understanding of relevant
- Standards like COSO
- Exceptional communication skills, both written and verbal
- Speak the language of the business not just ‘audit speak’
- Strong understanding of IFRS, financial controls and / or IT controls and leading
- Business practices
- Demonstrated ability to thrive in a dynamic, fast-paced environment and manage
- Multiple projects / resources simultaneously
- High standard of ethics and professionalism
- Proven ability to work both independently and in a team environment
- Ability to work independently with a high level of initiative and provide direction to others
- Ability to provide ideas to management and effectively present ideas to all levels
- Works with broad discretion as to work details on assignments of a varied and difficult nature
- Accounting programs
- Cost Savings
- Strategic Execution
- Critical Thinking and Analysis
- Business Operations and Forecasting
- Payroll Auditing
- Investigation Scope Determinations
- Extravagance and Fraud Detection
- Effective and Professional Communication
- Corrective Actions
- Non-Compliance Assessment
- Oracle Financials
- Goal Development
- Staff Oversight and Leadership
Certification
- certified internal auditor in progress - 2023
- The income tax low no11, 2013.
- CIA part one from hpa &Trade union. (Member of the institute of internal auditor under no. 2052227.
- The labor law no. 12 of 2003.
- Program of the trends of modern financial analysis and evaluation of the foundations of companies.
- Modern Trends Program for Documentary Credits.
- THE (successful budgeting) program according to the quality standards established.
- Egyptian stock exchange.
Accomplishments
- I recommended to the board of directors the purchase of some trucks for transport workers and at the same time use them in transportation services between banks and government departments, thus saving more than 3 million pounds annually.
- I have made a proposal for back integration with suppliers through an investment that provides packaging products like packaging boxes and saves expenses by around 5 million EGP annually.
- I submitted a proposal to move some stores from the tenth of Ramadan to the city of Obour, which resulted in saving time, effort, transfers and increasing the process by saving a cost of about 6 million pounds annually.
- I proposed to buy a fingerprint and cellophane machines after analyzing the annual operating cost, and the two machines were purchased and approximately 2 million 500 thousand pounds Were saved annually.
- I discovered errors in registration and scheduling during the years 2018-2019, about 8 million pounds.
- I have reviewed the lease contract for some machine contracts and provided one million two hundred thousand pounds in 2019.
- The insurance company reviewed MetLife and discovered settlement errors for 200,000 pounds, and it was recovered.
- I suggested producing new products similar to products that are sold to category (A ) and sold to category (B, C) through a sister company and reduce their prices according to competitors ’prices without prejudice to the prices of our current products and keep the name in the market.
- I recommended adjusting the company strategy by shrinking and limiting it to selling the most wanted items in the market after performing a Pareto Analysis to increase profits and transfer the rest of the products to a sister company to compete with our competitors in the market.
Affiliations
- American Institute of Certified Public Accountants
- Project Management Institute
- Society of Human Resource Management
Timeline
Internal Audit Manager
SHADYPACK Pharmaceutical & food packaging
06.2010 - Current
Senior Accountant
MARBLE ART
09.2004 - 05.2010
Auditor
ELSLLAB FOUNDATION FOR TRADE
10.2001 - 08.2004
Doctor of Business Administration - Business Administration
International Business Academy of Switzerland
MBA - strategic planning
International Business Academy of Switzerland
High School Diploma -
International Business School of Scandinavia
Diploma - Strategic Management and Leadership
International Business School of Scandinavia
Diploma - strategic Marketing
Diploma - Organizational Behavior Management
Diploma - Finance management
Diploma - Project Management
Bachelor of Commerce - Business Administration
Helwan University
Diploma - Total Quality Management
International Business School of Scandinavia
High School Diploma -
International Society of Financial Analysts (ISFA)
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