Audit Associate
CNK HUSSAIN ALSAYEGH CHARTERED ACCOUNTANTS
Total years of experience :10 years, 0 Months
• Coordinating auditing assignments and ensure audit staff are aware of clients business and relevant issues impacting operations and audits.
• Statutory Audits, Internal Audits, Systems and Process Reviews, Due Diligence.
• Inventory verification and valuation.
• Performed business valuation research, analysis, and interpretation; develop, perform and analyze valuations across multiple portfolios using Discounted Cash Flow, Free Cash Flows to Firm (FCFF), Free Cash Flows to Equity Shareholders (FCFE), Internal Rate of Return (IRR) and Direct Capitalization.
• Plan and conduct operational and financial audits to assure financial statements are fairly presented in line with IFRS.
• Identify and assess risks of material misstatements of financial reports due to fraud; assess internal controls and ensure controls are effectively designed.
• Accounting and Finalization of Accounts.
• Preparation of Financial Statements as per IFRS and IAS.
• Design and implement responses to material misstatement, test appropriateness of journal entries while focusing at end of reporting period, review accounting estimates for bias, and analyze significant unusual transactions.
• Client Servicing and Account Management.
• Screening/Profile Assessment.
• Conducting reference check if requested by the client.
• Ensure all new joiners’ files are complete in terms of all required documents as per bank’s policy.
• Ensure that the division adheres to all KYC/AML and the Sales Team operate on a zero error account opening rate.
• Handling range of transactional banking which includes; Remittances, Fixed Deposits, Forex trading, Letter of Credits & Overdrafts facilities with Trade & Working Capital and Foreign Trade Centre.
• Application & approval of Business and Personal Credit Cards.
• Worked for Mashreq Gold Customers; handled Foreign Exchange Transactions, Opening and Closure of accounts, Home loans for residents & non-residents.
• Authoring business rating reports on several companies in different industries by compiling Company Background, Operational Information, Financial Analysis, SWOT Analysis, Risk Analysis, Sensitivity Analysis, Major Customer and Supplier Details, Product Line Overview and Industry Overview.
• Approval of Bank loans for First Gulf Bank (FGB) & Union National Bank (UNB) clients.
• Preparation of Financial Reports (including Ratio Analysis Report) and submitting to the Auditor on daily basis.
• Conducting risk assessment procedures to obtain an understanding of the entity and its environment.
• Assessing the risk associated to the client by analyzing the Business Operations, Management Expertise, Leverage and Liquidity Ratios.
• The business rating reports includes a rating which indicates the company's financial strength and credit appraisal indicator. The financial strength is an indication of the Tangible Net Worth and the credit appraisal is linked to the level of risk and overall evaluation of credit worthiness taking in to account the financial condition and various other factors.
• Managing a team of 12+ individuals deployed on various Due Diligence projects and reviewing their financial analysis on an on-going basis.
• Worked under the “Trade & Supply Chain” and handled different kinds of Bank Guarantees such as Performance Guarantees, Payment Guarantees, and Rental Guarantees etc.
• Documenting and updating the detailed procedures for all core Trade and Guarantees related processes. This required studying the workflows and internal control related to each process and thereon documentation.
• Assigned to Trade Transformation projects targeting improving operational efficiency and enhancing customer experience.
ACCA AFFILIATE