Assistant Manager, Finance
National Technology Enterprises Company
Total years of experience :13 years, 8 Months
Implemented all aspects of financial analysis and reporting which includes examining accounting records to ensure financial recording accuracy and compliance with established accounting standards, procedures/internal controls, and applicable regulations.
Formulated monthly, quarterly and yearly management report on NTEC and subsidiaries. With detailed performance analysis of each functional unit, and recommended changes to improve overall KPI.
Participated in formulating company financial policies and procedures, detail examination of business operations, trends, costs, revenues, financial commitments, and obligations to project future revenues and expenses.
Monitored and reported on equity and fund investments performance of NTEC and subsidiaries. The Report included analysis of realized and unrealized gain of each investment.
Monitored and reported on projects undertaken by NTEC. Detailed report and recommendations are given to the management periodically.
Analyzed transactions and execution of potential investments
Responsible for preparing Consolidated report of NTEC in every quarter. Reports on cash management, Aging, and projects performance prepared separately to analyze the overall financial health of NTEC and subsidiaries.
Responsible for Treasury and bank related dealings, management and external reporting for all business divisions & group entities and liaising with auditors on an ongoing basis
Lead a team of 3 Account assistants and 2 HR & Admin professionals in the group on an ongoing Report on governmental budgeting for the program
Implementing, reviewing and monitoring mechanisms for appropriate corporate governance and meeting the regulations in Kuwait for the governmental sector. Evaluated system effectiveness and performed professional audits in accordance with the approved audit program.
Provided detailed bottom up coverage in terms of the industry overview, company earnings and future outlook, price movements, SWOT analysis and both absolute and relative valuation leading to a target price for each name under coverage.
Our team was successful in winning bids for 6 governmental projects(MOH) from 2012 to 2015 with detailed planning and execution of the financial plan.
Researched on the Asian Real Estate sector as to the macroeconomic impact on Real Estate sector of individual Asian countries. This included analysis of current supply vs. demand of various segments of properties i.e. commercial, residential and mixed-use.
Liaised with internal/external auditors for company audits, compiled detailed reports on audit findings, made recommendations to improve accounting management practices
Supervised compliance audits, design/submission of audit reports, scrutiny of customer complaints/frauds creation and tendered reports to the management for the same
Performance Evaluation& Reporting by evaluating the performance of individual funds on various levels including but not limited to the impact of leverage, withholding taxes, management fees etc. on the periodic NAV of the individual funds.
Evaluation of specific mixed use properties by performing a SoTP (Sum of the Parts) valuation to get more clarity on decision making.
Recommended to dispose of the shareholding of Keisha Consulting, a deal directly contributed to resulted in a gain of Rs.15mn in an overall company valuation
Main Modules: Financial Management, Auditing, International Business Tax, Forex and International Money Market, Financial Accounting, Global Management Accounting Research Project: Return and Volatility Spillovers among the East Asian Equity
Main Subjects: Business Economics, Business Maths, Corporate Accounting, Business Statistics, Organisational Behavior Research Project: FII and Its Impact on Stock Market