Finance manager
MetLife AIG ANB Cooperative Insurance
Total years of experience :12 years, 10 Months
-Reporting to CEO, audit & risk committees.
-Understanding of IFRS 17 & 9, attended workshops on IFRS 17 & 9
-Expertise of insurance business and accounting cycle.
-Expertise over professional standards and extensive hands-on experience over the practical application thereof (i.e. International Financial Reporting Standards (IFRS).
-Expertise over preparing financial statements in accordance with “International Financial Reporting Standards”
-Establishing, maintaining and coordinating a sound internal control system over Finance and Information Systems.
-Monthly management reporting including ratio analysis
-Preparation of budgets and comparisons.
-Analysis of insurance industry.
-Compliance with directives of SAMA & CMA.
-Calculation of solvency margin, monitoring inadmissible assets.
-Preparation of presentation for Board and audit committee meetings.
-Coordination with external auditors, actuary, internal auditors, tax & vat consultants.
-Preparation and announcement of financial results on Stock exchange including finalizing Stock exchange financial forms.
-Monthly & quarterly regulatory reporting.
-Managing investments.
FINANCIAL REPORTING & BUDGETING
-Expertise over preparing financial statements in accordance with “International Financial Reporting Standards”
-Establishing, maintaining and coordinating a sound internal control system over Finance and Information Systems.
-Expertise over professional standards and extensive hands-on experience over the practical application thereof (i.e. International Financial Reporting Standards (IFRS).
-Ratio & Industry analysis.
-Budgeting and comparisons.
-Preparing regulatory returns
-Replying to regulators regarding financial queries
RISK MANAGEMENT
-Planning, designing and implementing an overall risk management process for the organization.
-Risk evaluation & risk assessment, which involves analyzing risks as well as identifying, describing and estimating the risks affecting the business.
-Establishing and quantifying the organization’s 'risk appetite', i.e. the level of risk they are prepared to accept.
-Risk reporting in an appropriate way for different audiences, for example, to the CEO or board of directors so they understand the most significant risks, to business heads to ensure they are aware of risks relevant to their parts of the business and to individuals to understand their accountability for individual risks.
-Ensuring that the work processes are in compliance with the rules and regulations, and that behavior in the organization meets the Company’s standards of conduct.
-Assessing the liquidity risk in terms of cash inflow and outflow, funds available, marketability of assets etc., and providing recommendations to minimize such risks.
AUDIT AND ASSURANCE SERVICE
-Leading engagement teams through the project planning stages, supervision and review of the field work performed, including close interaction with clients, review of field work and on-job professional development of staff;
-Preparing detailed reports on audit findings and making recommendations to improve organization’s accounting and management practices, controls and systems;
-Performing audit in accordance with International Standards of Auditing (ISA)
-Ensuring compliance with International Financial Reporting Standards (IFRS) and local laws.
-Finalization of audit including analysis of financial statements and investigation of significant ratios and trends to achieve overall audit satisfaction.
EXTERNAL AUDIT CLIENTS
-East West Insurance
-State Life Insurance
-Shaheen Insurance
-Premier Insurance
-Sindh Bank
-Crosby Asset Management Company
-Ismail Industries
-Zorlu Enerji Pakistan (Turkish group)
-Sunrise Energy Services (Chinese company)
-USAID projects
-M3 Technologies (Malaysian company)
INTERNAL AUDIT
-Lead internal audit team and form internal audit plan for the year in consultation with the client.
-Proficient in designing, implementing, maintaining and testing internal controls relevant to transaction initiation, recording, processing and reporting; and
-Expertise in cost benefit analysis.
-Perform risk assessment and design procedures accordingly in order to address identified risks.
-Expertise in writing internal audit and gap reports.
-Performing internal audits in accordance with COSO framework, International Professional Practice Framework (IPPF) and internal audit guidelines.
INTERNAL AUDIT CLIENTS
-Cyan Investment
-Asia Care Health & Life Insurance
-Lakson Investment Mutual funds
-Fed-ex
AUDIT AND ASSURANCE SERVICE
-Leading engagement teams through the project planning stages, supervision and review of the field work performed.
-Preparing detailed reports on audit findings and making recommendations to improve organization’s accounting and management practices, controls and systems;
-Performing audit in accordance with International Standards of Auditing (ISA)
-Ensuring compliance with International Financial Reporting Standards (IFRS) and local laws.
-Finalization of audit including analysis of financial statements and investigation of significant ratios and trends to achieve overall audit satisfaction.
EXTERNAL AUDIT CLIENTS
-East West Insurance
-State Life Insurance
-Shaheen Insurance
-Premier Insurance
-Sindh Bank
-Crosby Asset Management Company
-Ismail Industries
-Zorlu Enerji Pakistan (Turkish group)
-Sunrise Energy Services (Chinese company)
-USAID projects
-M3 Technologies (Malaysian company)
INTERNAL AUDIT
-Lead internal audit team and form internal audit plan for the year in consultation with the client.
-Proficient in designing, implementing, maintaining and testing internal controls relevant to transaction initiation, recording, processing and reporting; and
-Expertise in cost benefit analysis.
-Perform risk assessment and design procedures accordingly in order to address identified risks.
-Expertise in writing internal audit and gap reports.
-Performing internal audits in accordance with COSO framework, International Professional Practice Framework (IPPF) and internal audit guidelines.
INTERNAL AUDIT CLIENTS
-Cyan Investment
-Asia Care Health & Life Insurance
-Lakson Investment Mutual funds
-Fed-ex
CA
CICA(USA) Certified Internal Control Auditor
APFA
High Schooling