Malik Muhammad Sheharyar Awan, Manager Internal controls, Tax and Financial Accounting  ( Financial Controller)

Malik Muhammad Sheharyar Awan

Manager Internal controls, Tax and Financial Accounting ( Financial Controller)

Ooredoo

Location
Qatar - Doha
Education
Master's degree, Accounting
Experience
15 years, 2 months

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Work Experience

Total years of experience :15 years, 2 months

Manager Internal controls, Tax and Financial Accounting ( Financial Controller) at Ooredoo
  • Qatar - Doha
  • My current job since November 2021

Financial Reporting Compliance
• Manage all internal and external financial reporting requirements including, but not limited to standalone and consolidated financial statements of all the entities, various local and international disclosure requirements, auditor’s Management and representation letters and ensure they are carried out as per reporting timetables.

Technical Accounting
• Preparing and delivering presentations to facilitate firm-wide education of new or changing accounting requirements to ensure that management understands the impact of new standards and regulations.
and training.

General Accounting Closing (R2R)
• Drive quality month-end accounting closure process with agreed timelines. Ensure all the sub-functions of finance are engaged collaboratively to ensure accounts are maintained current and clean.

Taxation
• Responsible for the calculation and filing of the tax returns including, not limited to income tax, VAT and Withholding tax.

Internal Control Compliance (SOX /ICFR) and Process improvement:
• Acting as a controls SOX / ICFR subject matter expert on designing, monitoring and governance of the control framework across the Group of companies and developing thought leadership. Supporting Ooredoo Group of Companies in implementing, automating, remediating, or transforming internal controls over financial reporting (ICFR).

Management Communication:
• Produce regular (monthly) key performance indicators on the company's financial performance and the wider Group and subsidiaries for the CFO, ensuring that trends are tracked and reported.

People Management:
• Provides leadership to ensure efficient functioning of General Accounts Section, financial reporting, and Asset Management team and manages day-by-day operations; plans, leads, monitors, and evaluates the General Accounts section staff performance; provides technical guidance and ensures that the staff are sufficiently trained to perform their functions. Ownership and accountability to set the strategic direction of the company’s Reporting and accounting function.

Key Achievements:
• Led the ICOFR Transformation project
• Preparation of the Financial Reporting manual

Specialist Financial (Technical) Reporting and Internal Control Compliance (SOX) at Chevron Phillips Chemical Company
  • Qatar - Doha
  • June 2015 to November 2021

Financial Reporting and IFRS and US GAAP Compliance:
• Preparation and review of Statutory standalone and consolidated financial statements of all the entities within the Group in accordance with IFRS, Joint Venture agreements, US GAAP on quarterly, semi-annual and annual basis and liaison with external Auditors. Work with the external auditors to plan and deliver the year-end external audit on time and meeting auditing standards.
• Monitor and ensure timely identification and compliance with evolving accounting guidance, provide IFRS and US GAAP interpretation and prepare technical memorandums that document issues clearly, logically, and comprehensively.
• Provide necessary assistance to the CP Chem group to fulfil SEC Requirements like Form 10Q, 10K and SOX Reporting.
• Preparation of significant portions of the monthly and quarterly internal management reporting decks and coordination across various firm departments to compile the management reporting decks.
• Manage communications with external auditors on financial statements and accounting issues to ensure auditor agreement with company decisions on accounting disclosures and issues.
• Monitor SEC, FASB, and IFRS initiatives and perform sensitivity analysis to determine their impact on the business and the Company's financial statements and disclosures.
• Ensure the impact of accounting and financial reporting developments is understood, that potential impacts are anticipated and managed proactively and that this is accurately reflected in the Group’s external reporting.

Month-end closing Support the company's reporting process, consolidating business units and head office. To carry out the Monthly Finance Pack, understand the P/L and BS KPIs, Consolidated P/L and P/L by Division and Product. Working Capital report, AR/AP, Inventory and Cash. Get involved in the "Cost to Serve" model.

Managing relationship with internal and external audit


• Attend routinely meetings of the Audit Committee, Finance Committee and, as required, meetings of the Senior Management Team.
Accounting Policies, Systems, Processes and Procedures:


SOX, Internal Control and Compliance:
• Improving the Governance process by developing and maintaining adequate financial systems and controls by documenting and updating all policies and procedures, process review
Taxation and Transfer Pricing
• Preparation and review of the annual tax returns of all companies within the Group in accordance with Income Tax regulations and Joint venture agreements.

Key Achievement:
• Implementation of SOX
• GRC Project to ensure compliance with Segregation of Duties (SOD)
• Introduction of an Action Tracker system to monitor the remediation status of the audit’s observations.
• E2E Implementation of IFRS 9, 15 and 16
• Overhauling of the Accounting Policies:
• Development of the comprehensive Tax calculation template

Audit and Assurance at KPMG AND EY
  • Qatar - Doha
  • January 2009 to June 2015

I was responsible for assisting my senior managers and partners by controlling various assignments of full-scope audits, risk management audits, advisory assignments like budgeting, limited compliance reviews, agreed-upon procedures, special certifications by IFRS, US GAAP, and local regulatory requirements and special projects related to COSO framework and Internal Control over Financial Reporting (ICFR (SOX, 404). Additionally, I was responsible for Preparing client presentations and proposals (for different target audiences - CXOs, Board of Directors, and Audit Committees) and managing the performance of audit procedures. These presentations also include identifying and defining issues, developing criteria, reviewing and analysing evidence, and documenting client processes and procedures. Demonstrate technical competence in the related domains.

Education

Master's degree, Accounting
  • at The University Of Northampton
  • January 2021
Higher diploma, Internal audit
  • at The Institute Of Internal Auditors USA
  • January 2019
Master's degree, Accounting
  • at Institute of chartered accountants of pakistan
  • January 2013

Specialties & Skills

Accounting
Cash Flow Management
Internal Audit
Audit Management
Maintaining Business Relationships
REGULATORY REQUIREMENTS
SARBANES-OXLEY ACT (SOX) COMPLIANCE
MANAGEMENT
ACCOUNTING
AUDITING
AUDITING STANDARDS
BUDGETING
DEFERRED TAX
CLOSING (SALES)
COMMUNICATIONS

Social Profiles

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Languages

English
Expert