Fawas Farook, Head of Strategic Planning & Corporate Risks

Fawas Farook

Head of Strategic Planning & Corporate Risks

Amana Takaful PLC

Location
Sri Lanka - Kandy
Education
Doctorate, Management studies
Experience
20 years, 11 Months

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Work Experience

Total years of experience :20 years, 11 Months

Head of Strategic Planning & Corporate Risks at Amana Takaful PLC
  • January 2009 to May 2014

Amana Takaful PLC, Sri Lanka Jan 2009 - Present
Head of Strategic Planning & Corporate Risks
Achievements
• Present performances to the Board and Executive Committee and participate in Board Sub-
Committee Meetings (Investment, Audit and Risk Committees) representing management.
• Secretary to the Board Risk Committee.
• Contribute to strategic Decision making at the Top Management.
• Drive the Strategic Planning and budgeting process
• Developed the Enterprise Risk Management Framework for the Company and communicated.
• Managed Treasury functions for a period of 2 years and coordinated outsourced Treasury
Management function
• Prepared and monitor Enterprise Risk Register for Amana Takaful Maldives
• Fully involved in the listing process of Amana Takaful Maldives PLC in the Maldives Stock
Exchange.

Senior Consultant - Business Consulting at Virtusa (Pvt) Limited
  • Sri Lanka - Colombo 2
  • February 2007 to January 2009

Virtusa (Pvt) Limited Feb 2007 - Jan 2009
Senior Consultant - Business Consulting
Achievements
• Forecasted regional and segmental production
• Analysed resource requirements based on forecasted production
• Studied business requirements of clients for system developments
• Carried out researches on top management requirements for strategic decision making
• Coordinated between customers, onsite and developers at offshore on different projects to ensure that the customer requirements are met in project deliveries
• Developed business presentations for top management on market studies within the industry
• Involved in various short term consultancy assignments

Finance Consultant/Senior Accountant at One & Only Maldives at Reethi Rah
  • March 2005 to February 2007

One & Only Maldives at Reethi Rah Mar 2005 - Feb 2007
Finance Consultant/Senior Accountant

Achievements
• Managed the Finance team including, Accounts Payable, Accounts Receivable, and Cash
Management.
• Prepared analytical reports on monthly and quarterly financial statements for the board of directors.
• Set up systems and procedures in Inventory, Accounts Payable, Accounts Receivable and
Financial Reporting
• Implemented Financial reports with Sage Accpac ERP System in compliance with USGAAP and IAS
• Developed and maintained the Loan Register for loans with Kerzner International of US and
Ned Bank of UK covering more than 75 loan accounts totaling up to USD 200M
• Advised Management on Cash management and loan movements
• Supervised monthly and quarterly financial reporting to US/UK offices
• Fully involved in annual budgets and monthly re-forecasts

Accountant/Loss Adjuster at Ceylinco Insurance Company Limited
  • February 2002 to March 2005

Ceylinco Insurance Company Limited Feb 2002 - Mar 2005
Accountant/Loss Adjuster

Responsibilities
• Immediate inspection on Insurance Claims which are related to Cash and Stock losses
• Analyze loss situation and collect evidence for reported loss
• Scrutinize the Insurance agreement and analyze the loss and the liability
• Report to the technical/claims committee on damages/claims

Management Accountant at Bogawantalawa Plantations Limited (Metropolitan)
  • November 1997 to January 2002

Bogawantalawa Plantations Limited (Metropolitan) Nov 1997 - Jan 2002
Management Accountant

Responsibilities
• Prepare pre and post shipment costing
• Analyze over heads for distribution to shipments
• Prepare monthly and quarterly management reports
• Prepare variance analysis with explanations for variances
• Involve in annual budgets

Accountant at Makshaff Services Limited
  • May 1996 to October 1997

Makshaff Services Limited - Riyadh, KSA May 1996 - Oct 1997
Accountant

Responsibilities
• In charge of finance department of the subsidiary named Arabian Plaza Advertising
• Supervise accounts department and responsible for monthly accounts to head office
• Prepare monthly financial statements
• Prepare Contribution analysis on a monthly basis
• Assist General Manager on negotiating LC terms with overseas suppliers

Audit Executive/Audit Trainee at The Maharaja Organization Limited
  • United Kingdom
  • July 1993 to May 1996

The Maharaja Organization Limited Jul 1993 - May 1996
Audit Executive/Audit Trainee

Responsibilities
• Study Systems and procedures of Group companies such as PEPSI, Anchor, S-Lon etc.
• Analyze system weaknesses through flow charting and ICQ's
• Report to group management auditor on system weaknesses of group companies
• Analyze management accounts and report with ratio analysis and narrative notes
• Recommend systems and procedures with for better internal controls & documentation
• Involve in preparation of procedure manuals

Education

Doctorate, Management studies
  • at Postgraduate Institute of Management
  • August 2016

1. PhD in Management studies - Reading at Postgraduate Institute of Management (PIM), Sri Lanka. Registered in 2012.

Master's degree, General Management
  • at University of Sri Jayewardenepura
  • October 2004

2. Master of Business Administration Oct 2004 PIM - University of Sri Jayewardenepura, Sri Lanka

Diploma, Management Consultancy
  • at University of Sri Jayewardenepura
  • November 1999

4. Postgraduate level Certificate in Management Consultancy Nov 1999 PIM - University of Sri Jayewardenepura, Sri Lanka

Diploma,
  • at Institute of Chartered Accountants of Sri Lanka
  • January 1997

5. Chartered Licentiate Certificate Jan 1997 Institute of Chartered Accountants of Sri Lanka

Bachelor's degree,
  • at University of Jaffna
  • August 1995

3. Bachelor of Commerce Aug 1995 University of Jaffna, Sri Lanka

Specialties & Skills

ACCOUNTANT
BUDGETING
RISK MANAGEMENT
SECRETARY
STRATEGIC PLANNING

Languages

English
Expert

Training and Certifications

Islamic Finance (Training)
Training Institute:
IBFIM Malaysia
Date Attended:
June 2010
Duration:
20 hours