Audit Associate
Sajjad Haider & Co Chartered Accountant (Nexia International)
Total years of experience :16 years, 2 Months
As an Audit Associate, I have been involved in various assignments relating to audit and assurance directly reportable to the engagement partner. Overall planning of dedicated audits, initial meetings with clients to understand the expectations and designing audit strategies after assessing the audit risk associated with the client.
The most significant corporate clients that have contributed to my professional growth and experience include:
•State Life Insurance Corporation of Pakistan Gulf Zone - A leading life insurance corporation (Currently working as Internal Auditor from November 2012)
•Al Madni Group of companies - A big Diversified group
•Al Mulla Jewellery - A part of Al Mulla Group with world leading top brand Breitling
•Hareeb General Stationery- A trading company
•General Machinary Agencies - A trading company
In addition to engagement management, client relationships and co-ordination with professionals from various fields, I have been entrusted with the following tasks:
•Planning of the audit engagements, assessment of business and audit risks and supervision and review of audit work.
•Liaison with clients at the planning, execution and the conclusion stages of the audit.
•Reviewing compliance with legal and financial reporting framework.
•Assisting clients in the preparation and presentation of the financial statements in accordance with the requirements of International Financial Reporting Standards (IFRS) and local statute.
•Preparation of the Internal Control Memorandums to identify significant weaknesses in the client’s internal control system and recommending improvements therein.
•Providing financial and other advisory services to various clients.
Further more, I have been assigned by my employer as an internal auditor of the State Life Insurance Corporation of Pakistan Gulf Zone (Semi-governmental organization of Pakistan), having 7 sector offices in UAE, KSA and Kuwait. The Corporation’s Sectors (Branches) underwrite life assurance policies.
During my professional career in State Life Insurance Corporation, I am involved in the following:
•Planning, Supervision and Review of financial and operational audits in various sectors and departments.
•Reviewing accounting and internal control systems and documentation system.
•Obtaining effective audit evidence.
•Consideration of reports and presentation.
•Review re-insurance procedures and calculation.
•Checking Daily Cash Statement (DCS).
•Checking of follow-up dishonored cheques
•Checking monthly Bank reconciliation statements.
•Checking monthly Business Flash Report.
•Checking the results of Business contest and challenge.
•Checking commission payments on First Year Premium (FYP), Second Year Premium (SYP) and renewal.
•Checking and approve all Policy holders’ claims provision and payments with relevant supporting documents. (i.e Maturity payment, Survival Benefit, Death claims, Policy loan and surrender value)
•Checking and approve all type of expenses with relevant supporting documents.
•Responsible for all client communications, conflict resolution, and compliance on client deliverables tickets and revenue.
•Review all major deliverables to ensure quality standards are followed and client expectations are met.
•Ensure that client issues are dealt with in an efficient manner and reporting the Managing Director of any problems that may arise.
•Approve orders and invoices, and responsible for payment collections.
•Work closely with accounts team in order to maintain a continuous knowledge of projects status to identify potential issues and/or opportunities within or related to the project.
•Ensure that all processes and procedures are completed, quality standards are met, and that projects are profitable.
•Provide regular two-way communication between the client and team, to provide strong team representation and set proper client expectations.
Awarded certification of Chartered Accountancy (Intermediate) from Institute of Chartered Accountants of Pakistan on the basis of successfully Qualified ACCA exams.