AVP- Internal Audit
ASIYA CAPITAL INVESTMENTS CO.
Total des années d'expérience :25 years, 3 Mois
Key activities include accounting for investments, Income recognition, processing payments and recording expenses, posting accounting entries/adjustments and generating financial statements, preparing bank reconciliation statements, Fixed assets accounting, payroll processing, preparing Management Information System(MIS) reports, Regulatory reporting
• Maintain a documented system of accounting policies and procedures for the department
• Forecast cash flow positions, related borrowing needs, and available funds for investment if needed.
• Supervise and managing the preparation of the company's budget and reporting to management on variances from the established budget, and the reasons for those variances
• Assist management in the formulation of company’s overall strategic direction
• Interpret the company's financial results to management and recommend improvement activities
Preparation monthly, quarterly, and half yearly and annual financial statements
• Cash flow statement and business projection.
• Analysis of all investment information, competitive analysis, assisting in the preparation of regulatory returns and assist in the migration of financial statement
• Maintain Treasury operations on a day-to-day basis
• Work quarterly with Auditors to ensure Auditors received the required information to perform their task effectively and efficiently.
• Oversee, monitor and enhance payment processes, controls and authorization procedures
• Preparation of investment reconciliations, analysis and disclosures for the Kuwait parent group quarterly consolidation, regulatory returns and corporate and syndicate financial statements
• Maintain banking relationships including administering online banking platforms. Responsible for petty cash, foreign currency and credit card facilities
• Coordinating the overall financial operations: General Ledger, and providing support to the Business Operations Manager in achieving short term and long term strategic objectives.
• Assist in preparing the weekly reports (summary of Profit or loss for all the funds, cash movement for the week, etc).
• Assist in portfolio cash reconciliation
• Assist in monthly & quarterly reporting to Investors.
• Reconcile portfolio holdings & transactions to manager and custodian/Prime Broker.
• Preparation of MIS reports.
• Update reports of suspicious/unusual transactions from bank personnel and files Suspicious Activity Reports.
• Interact with 3rd Party Service Providers (Administrators, Prime Brokers, Custodians etc.) with setting up New Funds, New Accounts.
• Assist to ensure that all Regulated fillings are done in time.
• Support in other areas as needed
• Ability and willingness to quickly learn new software and automated system.
• Work well in team situations to promote trust, cooperation, commitment and team spirit
•Prepares and records asset, liability, revenue, and expenses entries by compiling and analyzing account information.
•Maintains and balances subsidiary accounts by verifying, allocating, posting, reconciling transactions; resolving discrepancies.
•Maintains general ledger by transferring subsidiary accounts; preparing a trial balance; reconciling entries.
•Summarizes financial status by collecting information; preparing balance sheet, profit and loss, and other statements.
•Avoids legal challenges by complying with legal requirements.
•Put in place accounting processes and document it.
•Work quarterly with Auditors to ensure Auditors received the required information to perform their task effectively and efficiently.
•Oversee, monitor and enhance payment processes, controls and authorization procedures
•Preparation of investment reconciliations, analysis and disclosures for the Kuwait parent group quarterly consolidation, regulatory returns and corporate and syndicate financial statements
•Maintain banking relationships including administering online banking platforms. Responsible for petty cash, foreign currency and credit card facilities
•Custodian of all daily cash receipts and disbursements, review of investment ledgers, preparation of reconciliations, processing transactions and maintaining records in Private Equity, Public equity, Derivatives investment and financial reporting.
•Coordinating the overall financial operations: General Ledger, and providing support to the Business Operations Manager in achieving short term and long term strategic objectives.
•Preparing and reviewing monthly and yearly financial statements of the company and reporting to the Chief Financial Officer.
• Maintain banking relationships including administering online banking platforms. Responsible for petty cash, foreign currency and credit card facilities
• Custodian of all daily cash receipts and disbursements, review of investment ledgers, preparation of reconciliations, processing transactions and maintaining records in Private Equity, Public equity, Derivatives investment and financial reporting.
• Coordinating the overall financial operations: General Ledger, and providing support to the Business Operations Manager in achieving short term and long term strategic objectives.
• Preparing and reviewing monthly and yearly financial statements of the company and reporting to the Chief Financial Officer.
• Creating income statements, balance sheets, budgets, cash flow projections as well as aged receivables and payables listings.
Responsibilities:
• Coordinating the overall financial operations: General Ledger, Customer Billing, Collection & Credit Control, Stores & Inventory of the company and providing support to the Business Operations Manager in achieving short term and long term strategic objectives.
• Preparing and reviewing monthly and yearly financial statements of the company and reporting to the Financial Controller. Creating income statements, balance sheets, budgets, cash flow projections as well as aged receivables and payables listings.
• Analyzing key finance performance indicators and trends, such as financial ratios and cross division comparisons which, includes establishing financial benchmarks of acceptable performance and comparison of actual results to budget thus initiating corrective actions.
• Directing the financial accounting activities such as: invoicing; refunds; payroll; collection of accounts receivable; management and payment of suppliers and contractors.
• Overseeing and auditing daily aspects of sensitive commercial and administrative matters relating to projects - like critical accounting activities, documentation, MIS, and legal matters.
• Liaising with sales & purchase department and managing external auditors, customers and suppliers, banks for credit lines, cash flow, short and long term debts, local purchases, fixed asset purchases, and petty cash expenses.
• Auditing stocks and adherence to all projected figures, maintained inventory / import valuation records and following up on any variations to the same.
Maintaining accounting records and preparing accounts and management information
Preparing financial statements, including monthly and annual accounts
Assisting in the preparation of statutory accounts
Preparing profit and loss statements and monthly closing and cost accounting reports
Establishing, maintaining, and coordinating the implementation of accounting and accounting control procedures
Experience in preparing and reviewing budgets, revenue, expenses, payroll entries, invoices, and other accounting documents
Proven success in being able to resolve accounting discrepencies
Ability to analyze financial data and prepare financial reports, statements and projections
Overseeing and auditing daily aspects of sensitive commercial and administrative matters relating to projects - like critical accounting activities, documentation, MIS, and legal matters.
Responsibilities:
• Established audit plans, objectives and scope of work in alignment with organizational goals; undertaking responsibility for the overall execution of projects through team management and final report delivery.
• Developed performance improvement and business development activities, and installed appropriate Corporate Governance structures.
• Assessed adequacy of risk management and control activity. Monitored operational performance and rendered recommendations.
• Appraised the integrity of processes and systems to ensure that controls are adequate and effective in design and in operation, ensured department objectives and activity are in alignment with the company's strategic vision.
• Planned and executed standard audits, reported audit findings and recommended corrective measures to improve operation and reduce costs.
• Determined the direction and objective of proposed audit works, and determined the audit procedure and technique. Planned the theory and scope of audit, and prepared audit programs.
• Evaluated system effectiveness and performed professional audits in accordance with the approved audit program.
Masters Degree in Finance and Human Resource
Undergone a 3 years training program for Chartered Accountancy from Ms.Sudhindran and Co.Chartered Accountants Firm.