Feras Abusrour, FINANCE MANAGER

Feras Abusrour

FINANCE MANAGER

CONFIDENTIAL

Location
Kuwait - Hawali
Education
Bachelor's degree, CPA
Experience
28 years, 6 Months

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Work Experience

Total years of experience :28 years, 6 Months

FINANCE MANAGER at CONFIDENTIAL
  • Kuwait - Al Kuwait
  • My current job since December 2016

- preparation of management Reports and year-end financial statements and commentary thereon including preparation of necessary supporting schedules.
- Cash flow forecasts based on payable & receivables management. Coordinated with banks for resolution of trade finance related issues.
- Managed activities related to optimizing working capital utilization, and preparing capital budgets.
- Prepare & present various status reports for the senior management and other stakeholders to enable effective decision making.
- Oversee the process of selecting the appropriate contractors and suppliers in order to facilitate the sustainability and quality of the business.
- Corrected and maintained the quantities of physical stock reconciled with stock figures in computerized accounting ERP.
- Converted Semi manual work in books into computerized accounting environment.
- Improved staff efficiency by developing effective appraisal system and corporate governance.

Business Process Controller at ACICO Industries CO. K.S.C.
  • Kuwait - Al Kuwait
  • December 2015 to December 2016

- Evaluating the adequacy and effectiveness of internal controls.
- Design a processes as well as support in its implementation.
- Determining areas of risk and appraising their significance in relation to operational factors of cost, schedule, and quality.
- Review legal cases; from and against Company, as well as support legal Department in building up the defense from financial perspective.

Assistant Chief Audit Executive at United HealthCare Company
  • Kuwait - Al Kuwait
  • October 2009 to October 2015

- Prepares audit programs, identify key areas and determine appropriate testing.
- Interacts with Group’s managers, departments, and staff in a professional, positive, and constructive manner to facilitate good working relationships.
- Perform the audit with an understanding of the need for clear communications with management during the entire audit process.
- Supervise staff assigned to the audit, reviewing their work for accuracy and making constructive recommendations on improving audit skills.
- During the audit, responds to developments or findings by adjusting or extending testing as appropriate.
- Develop effective and practical recommendations for audit findings.
- Prepare work papers consistent with departmental policy and ensure they document and support all work performed and conclusions made.
- Drafts audit reports, ensuring audit objectives are met, conclusions are documented and supported, and recommendations are clear, concise, and practical.
- Communicate the background, scope, findings, recommendations, and any corrective actions necessary to the audit audiences both orally and in writing.
- Requests audit responses from appropriate personnel and incorporate responses into the audit report.
- Perform follow-up procedures to determine whether recommendations have been implemented.

Internal Audit Supervisor at The Sultan Center
  • Kuwait
  • May 2004 to October 2009

1) Planning and executing financial, compliance, and operational audits in accordance with accepted professional standards.
2) Evaluating the adequacy and effectiveness of internal controls and recommending corrective actions.
3) Determining areas of risk and appraising their significance in relation to operational factors of cost, schedule, and quality.
4) Conducting investigations as per Management Requirements.
5) Supervising junior staff and conducting assignments review.
6) Prepare comprehensive written reports.

Internal Auditor at UNIVERSAL CHEMICAL INDUSTRIES PLC
  • Jordan - Amman
  • August 2003 to May 2004

1) Review and analysis of financial results using tools of ratio analysis and trend analysis.
2) Developed and executed a comprehensive audit program including policies and procedures for the evaluation of management control.
3) Actively involved in monthly and yearend inventory counts.
4) Ensuring policy conformance, authorizations, signs and segregation of duties.
5) Actively involved in significant investigation and providing solutions to mitigate the risks in the future.
6) Management representative to handle the ISO annual audit.

Financial Controller Officer at The Housing Bank for Trade and Finance
  • Jordan - Amman
  • October 1995 to August 2003

1) Financial management and planning department deal with:
a- Analysis daily net income of the bank.
b- Control over general ledger accounts.
c- Control over cash and (ATM) in transit.
d - Statement of Daily position compliance.

2) International trade operations center -Remittance Officer (Assistant Division Manager) deal with:
a- Inward and outward Remittances.
b- Checks Collection.
c- Using Alliance Swift System.
d- Follow-up with the correspondence banks.
e- Handling and Preparing Monthly Statistical reports for The Central Bank of Jordan.

Education

Bachelor's degree, CPA
  • at AICPA
  • January 2007
Bachelor's degree, CIA
  • at Institute of Internal Auditors (IIA)
  • November 2006
Bachelor's degree, Finance and Accounting
  • at YARMOUK UNIVERSITY
  • January 1995

Specialties & Skills

Internal Audit
Management Planning
Appraising
WINWORD , EXCEL
Writing reports
Strategic Planning
Writing reports

Languages

English
Expert
Arabic
Native Speaker

Hobbies

  • Swimming