Ashpak Ismail, Financials Controller

Ashpak Ismail

Financials Controller

Al Jaber Group

Location
United Arab Emirates - Abu Dhabi
Education
Master's degree, Accounting & Auditing
Experience
38 years, 7 months

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Work Experience

Total years of experience :38 years, 7 months

Financials Controller at Al Jaber Group
  • United Arab Emirates - Abu Dhabi
  • My current job since April 2012

Job Responsibilities:-
1. Financial Accounts and Reporting
2. Budgeting & Budgetary Control.
3. Strategic & Financial planning.
4. Define Policies & Procedures.
5. Supervising the Finance Department.
6. Define Internal Controls.
7. System Development & Controls.
8. Investments of the Group.
9. Conduct Risk assessment.
10. Attending Internal Audit requirements.
11. Attending External Audit requirements.

Achievements:-
1. Implementation of accounting software.
2. Organization Chart and the Job descriptions.
3. Process chart and recommended best practice.
4. IAS and IFRS.

CFO/MRQ at Al Jaber Travel/Trans Arabian Air Services
  • United Arab Emirates - Abu Dhabi
  • November 2007 to March 2012

Job Responsibilities:-
1. Financial Accounts and Reporting
2. Budgeting & Budgetary Control.
3.Strategic & Financial planning.
4. Define Policies & Procedures.
5. Supervising the Finance Department.
6. Define Internal Controls.
7. System Development & Controls.
8. Attending Internal Audit requirements.
9. Attending External Audit requirements.

Achievements:-
1. Implementation of accounting software.
2. Organization Chart and the Job descriptions.
3. Process chart and recommended best practice.
4. IAS and IFRS.

Senior Internal Auditor at Al Jaber Group of Companies
  • United Arab Emirates - Abu Dhabi
  • February 2007 to October 2007

Private owned Group Companies having more than 60, 000 employees in the payroll. It has multiple businesses in UAE and Qatar. My position is to report directly to the Vice President (Finance)/CEO of the company.

Financial System - JD Edwards, E-Travel & Other Financial Systems depending upon the nature of the business of each business units.

a. Job Responsibilities:-
1. Define Internal Controls.
2. System Development & Controls.
3. Conduct Risk assessment.


b. Achievements:-
1. Organization Chart and the Job descriptions.
2. Process chart and recommended best practice.
3. IAS and IFRS.

Incharge of Finance Development Office at Department of Health and Medical Services (DHA)
  • United Arab Emirates - Dubai
  • June 2005 to January 2007

Worked as Senior Finance Development Officer directly reporting to Finance Director/Asst. Director General (Finance & Administration). The Main aim to develop the Finance Department Procedures, Policies and Process Maps and simplify the procedures cut down the non value added procedures. Automation of each processes and procedures to the possible maximum extent. The job responsibilities includes the following:-

1. Define, Develop & update Strategic Plan for Finance Department.
2. Define, Develop & update Financial & Accounting Policies, Procedure & the Process Mapping.
3. Improvement, Development and Re-engineering of the Financial Processes.
4. Re-define the organization chart of the Finance Department and the Job responsibilities.
5. Quality Development & Control - TQM(ISO 9001-2000).

Head of Management Accounting Section at Department of Health and Medical Services (DHA)
  • United Arab Emirates - Dubai
  • June 2004 to May 2005

I also worked in Finance and Accounts Department as a Head of Management Reporting Section, directly reporting to Finance Director/Asst. Director General(Finance & Administration).

We have more than 180 Cost centres.

Financial System - Oracle Financials.

Job Responsibilities:

a. Budgeting:-
- Budgeting & Budgetoary Control.
b. Financial Analysis & Reporting:-
- Monthly accounts to Ruler’s Office in the prescribed format.
- Analyze the movement of the financial results in compared to the Budget and reporting to the management.
- Fulfill the reporting requirements of the Hospitals and subsidiaries.
- Monthly management reporting with all the budget variance reports and cost control reports.
- Internal & External Audit settlement.
c. System Control:-
- All the System control and development are handled

Payroll Manager at Department of Health and Medical Services (DHA)
  • United Arab Emirates - Dubai
  • January 2002 to May 2004

I also worked as Head of Payroll. The Payroll includes the payments and reconciliations of Employees related Transactions. About 7 staffs were working under my supervision.

Directly reporting to Director of Finance.

Department follows Oracle Financial Systems for Payroll.

Payroll was in manual Pay card and I was one of the implementation team worked with the consultant to introduce the thired party solution(BSH Software) and again I was one of the implementation Team to bring the entire Payroll in the umbrella of Oracle Financials. We have about 9000 employees with the multiple allowances for Nationals and Expatriate.

Job Responsibilities:
- Approve all the payments in accordance with the rules and regulations of the Government of Dubai.
- Fulfill regular MIS requirements of the management.
- Assist Human Resource for the timely development of Personnel and finance matters.
- Timely reporting to the Management about the irregularities of payments and to
control the cost and to reduce the cost.
- Meet Internal Auditor’s requirements.
- Meet External Auditor’s requirements.
- Training the assistance.
- System supervision, control and development and timely reporting to IT Department/Software company for the irregularities.
- Communicate the Bankers about the day to day finance matters.
- All types of communications between finance department and other departments

Project Manager at Department of Health and Medical Services (DHA)
  • United Arab Emirates - Dubai
  • September 2002 to March 2003

I also worked as a Project Manager in one of the Project allotted to Price Waterhouse Coopers(IBM Consultants), for the study and evaluation of the Financial systems and Charter for Change based on the study of AS IS.

Payable Manager at Department of Health and Medical Services (DHA)
  • United Arab Emirates - Dubai
  • January 1998 to December 2001

I also worked as Head of Paybles. The payable includes Suppliers payments and Reconciliations. About 12 staffs were working under my supervision.

Directly reporting to Director of Finance.

Department follows Oracle Financial Systems for General Ledger, Payable Ledger, Order Entry and Inventory.

I was one of the implementation Team and responsible as Super user/Super visor for Accounts Payable, General Ledger and working in co-ordination with the IT Department and the Software Programmer.

Job Responsibilities:
- Approve all the payments in accordance with the rules and regulations of the Government of Dubai.
- Fulfill regular MIS requirements of the management.
- Assist Purchasing to draft the contract for purchase, Constructions etc.
- Assist Human Resource for the timely development of Personnel and finance matters.
- Timely reporting to the Management about the irregularities of payments and to
control the cost and to reduce the cost.
- Meet Internal Auditor’s requirements.
- Meet External Auditor’s requirements.
- Balance Confirmations from the Suppliers and reconcile the suppliers account.
- Reconcile the General Ledger accounts including Bank Accounts.
- Training the assistance.
- System supervision, control and development and timely reporting to IT Department/Software company for the irregularities.
- Communicate the suppliers about the shortcoming.
- Communicate the Bankers about the day to day finance matters.
- All types of communications between finance department and other departments.

General Ledger Manager at Department of Health and Medical Services (DHA)
  • United Arab Emirates - Dubai
  • June 1996 to December 1997

Also worked as Head of GL directly reporting to Finance Director. The Job responsibilities are as follows:-

- Defining and Maintain Chart of Account.
- Defining various rules for Chart of Account.
- Maintaining the General Ledger.
- Month end closing of accounts.
- Monthly reporting to Ruler’s Office for the variance analysis.
- Yearly closing and reconciliation of accounts.
- Yearly reporting to Ruler’s Office for the variance analysis.
- Overseas Patient Payments, Maintaining Accounts and Bank Reconciliation.
- Timely management reporting about the monthly, Quarterly and Yearly Financial Positions with the ratio analysis.

Finance Controller at Delta Shipping Company
  • United Arab Emirates - Dubai
  • December 1995 to June 1996

This is an special assignment from Saba & Co. to design and develop the accounting system. I introduced Dac Easy Accounting Software for the Financial Accounting, Costing and MIS. Day to Day financial accounting transactions, preparing financial accounts, preparing yearly Budget, preparing variance analysis, Bank Communications, Yearly Financial Statements and Audit, preparing cost statement for various activities, preparing assets register.

Senior Auditor at SABA & CO. (Deolite and Touch Ross, UK)
  • United Arab Emirates - Dubai
  • November 1992 to November 1995

Directly reporting to Audit Manager. Audit includes Manufacturing Companies, Trading Companies, Governmental Department, Banks, Service Industries and Construction Companies. Job Responsibilities includes, Implementation of Accounting Systems, Undertaking of Accounts Maintenance Contracts., Developing proper accounting system according to the requirements, Studying the accounting package for proper internal control, Implementing the auditing procedure according to the Standard Audit Practices requirements, Audit according to the International Standards on Auditing and Accounting, Auditing with PC, well worse with IAS and GAAP.

Finance Controller at M/S Abideep Group of Companies.
  • India
  • July 1988 to January 1992

Implementation Accounting System. Preparation of Monthly Financial Statements, Preparation of Budgets and its periodical review and variance analysis and reporting to Management.

Joint Auditor at M/S Ananthnarayana Pai & Co.
  • India
  • December 1987 to June 1988

Independently handled the system study and implementation, project appraisal, availing Bank's and other institutional facilities, finalization of the books of accounts and their audit. Direct and Indirect Tax Returns and their assessments.

Audit Trainee at M/S Maiya & Maiya
  • India
  • October 1984 to September 1987

Good exposure in Statutory and Internal Audit of Public and Private limited companies. Practical training included other assignment in Taxation, Project Appraisal and Feasibility Study, Year end stock verification, Tax Audit and Finalization of Accounts. Preparing Trial Balance, Profit and Loss account and balance sheet with the Audit Reports.

Education

Master's degree, Accounting & Auditing
  • at Chartered Accountant of India
  • February 1992

Member of the Institute of Chartered Accountant of India qualified in 1992.

Bachelor's degree, Accountancy and Costing
  • at Managalore University
  • April 1984

Bachelor of Commerce from Mangalore University of Karnataka State of India with distinction in Cost Accounting(85%) and Majoring in Accountancy, Commerce, Taxation and Statistical Analysis(73%).

Specialties & Skills

Month End
MIS Reporting
Controls
Budgeting
Year End Accounts
MS Excel
MS Word
Typing Senior
MS Projects
MS Visio
MS Power Point
PGP Tray

Languages

English
Expert
Hindi
Expert
Arabic
Beginner
Urdu
Expert

Memberships

Institute of Chartered Accountants of India, Dubai Chapter
  • Member
  • June 1992

Training and Certifications

Financial System processes (Certificate)
Date Attended:
June 2005
Valid Until:
June 2005
AS2 traning (Certificate)
Date Attended:
April 1994
Valid Until:
April 1994
ISO Audit (Certificate)
Date Attended:
May 2005
Valid Until:
May 2005