جوهر رنا

 • Transformed the Internal Audit Function, making it strategic business partner of the Organization, through benchmarking, Consultations, Stakeholder’s Engagement Planning, and administering audits that are aligned with overall strategy of the Company.
• Introduced the concept of “Agile Auditing” through an effectively planning and staffing the audit assignments to ensure that stakeholder gets quick and proactive value addition from Audit Function.
• Introduced Data Technology Enabled Audit through correlation analysis, Trend analysis, Productive Analysis and Data Analytics.
• Assure effective and efficient audit coverage by audit team within accepted auditing standards and established deadlines.
• Ensure planning documentation, risk analysis, and audit objectives are completed and understood on
assigned audits.
• Carried out project audits and highlighted areas of improvement in project risk management and reporting of the Estimate at Cost of the projects
• Highlighted process gaps in the project functions impacting project schedule and cost, with successful
implementation of action plans from management to address the risks and gaps identified in the audit
• Successfully presented audit issues to the Project and Area Management with agreement on root cause and action plans to address the root cause for audit observations
• Assisted Chief Audit Executive in preparing materials for Audit Committee presentation
• Conduct ad-hoc risk reviews of any system changes or product feature addition and evaluate the approval process
• Plan and schedule the audits and reviews in consideration of staffing availability and audit priorities, including ad-hoc duties, special investigations, and consultancy work

 Assisted to execute process audits for various departments and enlist appropriate process recommendations.
 Conduct ad-hoc risk reviews of any system changes or product feature addition and evaluate the approval process.
 Review of Business Partners (Suppliers and Customers) Profile Templates conducted whilst onboarding new business partners.
 Prepared of company’s cost and management accounts, and liaison with the head office for consolidation purpose.
 Analyzed market trends on future contracts undertaken by the company related to Grain Price Hedging and making presentations to senior management.
 Attended tender meetings as finance representative to elaborate financial impact on the company’s core decisions related to strategic purchases.
 Periodical MIS circulation related to direct cost apportionments, inventory management, and fixed cost allocations to departments.
 Bank dealings related to Sight LC’s, Cash on Documents, LOI arrangements and other correspondences.
 Periodic Review of policies and procedures of the organization with specific reference to the ADEX, Code of Corporate Governance and SEC regulations.
 Formulation and periodic review of Delegation of Authority Matrix (DOAM) for various business units including Treasury and Country operations.
 Conduct discussions and meetings on creation of Business Continuity Plans

AIG Insurance has its Arabian Hub office at DAFZA Dubai where I was outsourced from TAG Management Consulting as an Assistant Chief Accounting Officer, responsible for the following functionalities:
• Responsible for internal and external reporting requirements on monthly, quarterly and annual basis of operations in 4 AIG entities namely, AAICO Saudi, NHIC Bahrain ALICO Oman and ALICO UAE.
• Preparation of SI, SIMR, Receivable and Commission ageing, Tax reconciliations, Pension reconciliations, Investment portfolios and other specialized deliverables of AIG and their submission through One-FDC (Financial Data Consolidation System) and Share Point (web based AIG reporting site) to New York Head Office.
• Preparation of LOB wise data of IBNR Claims for Actuary.
• Preparation of OSLR and UEPR data for ITAC and responsible for its quarterly submissions
• Preparation of Monthly Operating Report and responsible for its submission to NY Head Office.
• Liaise with FP&A team for their budgeting process of monthly, quarterly and yearly Gross Operating Expenses.
• Preparation of semi-annual and yearly Statutory Accounts’ Bridging for the Statutory Auditors.
• Resolving Auditor’s queries.
• Preparation of Annual Stat (IFRS) to US GAAP reconciliation report for the submission to Head Office.
• Responsible for preparation and filings of quarterly returns to Central Bank of Bahrain.
• Responsible for recording and reconciling intercompany related transaction.
• Supervise complete monthly close procedures including Month end journals for payroll, accruals, prepayments and updating fixed asset register as well as depreciation calculation and journals.
• Review of reconciliations on monthly and quarterly basis as per company's policies and conducting variance analysis.
• Liaise with external auditors and ensure audits are completed on timely basis.
• Monitor new/changing accounting and statutory rules and ensure compliance.
• Ensure compliance with internal controls so as to contribute to the company’s overall compliance.
• Ensure proper filing & storage of records. Assists with requests, analysis and projects as assigned.
• Special Projects:
o Leaded the project of global chart of accounts mappings for Arabian Hub to New York (Head office) within newly introduced Global Accounting Systems.
o Leaded the Implementation Project of a Global Financial Data Consolidation System (OneFDC) which includes UAT testing, Reclose testing and live data review for 12 Arabian Hub entities of AIG.

Completed my ICAP article-ship of 3.5 years from TAGM and Co Chartered Accountants and professionally trained to apply IFRS's, stock exchange regulations, insurance laws, corporate and secretarial practices, employee benefit audit and assurance practices as per ISA's and ICAP’s issued pronouncements, Income and Sales Tax Laws as applicable in Pakistan.

The clients where I was assigned various tasks includes:

BAKRI Trading Company Pakistan Private Limited (Petroleum) - External Audits
Sheraton Hotels Pakistan - Internal Audit
PAKSAT International - External Audit
Al-Dahra Agricultural Company - External Audit
Brukfield Rice Pakistan - External Audit
Nael Capitals, FDM Securities - System Audit
UBL Bank, KASB International - Employee Benefit Funds Audits
CHARTIS New Hampshire Insurance Company - Accountancy and Tax Assignment
Pakistan Parkinsons Society - External Audit

Following mix of duties had been performed being a part of TAGM and Co Chartered Accountants:

-Assessment of audit risk associated with the clients and determination of overall audit approach.
-Review and evaluation of audit procedures and their results.
-Special assignments for reports to regulatory authorities, parent companies and head offices.
-Staff planning and organization.
-Ensuring quality of services to the clients’ and their satisfaction to the services provided.
-Timely preparation of all deliverable including Separate and Consolidated Financial Statements, Management Letters, external and internal audit reports;
-Directed, Supervised and Reviewed work of juniors.
-Reporting directly to Senior Managers and Partners; and Coordinating with various professionals such as other auditors, bankers, internal auditors, lawyers, and decision-making in respect of critical report-able audit matters.