Financial Reporting Supervisor
General Authority of Civil Aviation (GACA)
Total years of experience :15 years, 11 Months
•Played as a project manager, provide leadership and direction for a team of 5 directs report working with external auditor to prepare the financial statements of the airports owned by (GACA).
• Prepare the requested records from auditor and allocate them among staff and develop an approach for pulling the information on a timely basis.
• Review the records prior to submission to the auditor to assure the records provide the necessary support.
• Maintain a list of all records provided to the auditor and meet with them on a weekly basis to know the status of the audit and any potential issues that are identified.
• Verify the facts on which issues are based; perform recalculations and review source documents, if necessary.
• Responsible for auditing data and reconciled balances between (GACA) and its subsidiaries.
• Committee member of VAT implementation, conduct a workshop with The General Authority of Zakat and Tax (GAZT), major Airlines and Construction companies about applied VAT at GACA.
• Supervised quarter team in review year-end and quarterly financial statements including statement
of financial position, profit and loss statement and cash flow statements.
• Responsible for auditing consolidation financial statement model and reviewed the process
of elimination related party’s transactions.
• Analyzed statement of financial position and profit and loss statement, to identify trends and
anomalies in financial data.
• Performed analytical procedure for revenue streams, looking for discrepancies and unusual activity.
• Propose adjusting journal entries and discuss audit findings with management.
• Assisted external auditors in audits relating questions to the financial statements.
• Reviewed press releases with financial statement.
• Team member in IFRS conversion project to review management decision.
• Evaluated implemented control from COSO framework project.
- Promoted understanding of for Governmental Bodies services in order to identify issues.
- Review governmental bodies contracts to assure its in compliance with Saudi Purchasing and Bidding Procedure.
- Carry out a preliminary investigation and analysis of financial evidence prior to the development of a detailed plan of action.
- Compile information from investigation, interviews, and evidence.
- Played as auditor in charge to collect and analyze data to detect deficient controls, duplicated effort, fraud, or non-compliance with, regulations, and management policies, in various industries including, Banking, Manufacturing, Trading, Health Industries, Insurance and Communications.
- Assesses compliance with financial regulations and controls by executing audit program steps, testing general ledger, account balances, balance sheets, income statements, and related financial statements, examining and analyzing records, reports, operating practices, and documentation.
- Promoted basic understanding of client’s business in order to identify issues and provide advice in assigned areas.
-Developed understanding of service offerings within and across lines of service to identify opportunities to meet client’s needs.
-Applied appropriate accounting principles and auditing standards to meet and support conclusion related to assigned areas.
-Audited and analyzed various assigned accounts including Sales, Purchases, Account Receivable, Account Payable, Fixed Assets, Payroll and Cash.
-Completes audit work papers and memoranda by documenting audit tests and findings.
ACADEMIC GROUP PROJECTS * Equity Valuation (Capstone Project): Examined MetroPCS Inc. financial statements, determined the appropriate discount rate using WACC, and projected FCFF & FCFE to determine stock intrinsic value using an appropriate DCF model. * Private Equity Fund Analysis: Performed due diligence process on Crown European PE fund strategies, risks, performance (using NAV valuation), fees structure, analyzed return and find an appropriate benchmark. * Fixed Income Portfolio Project: Forecasted interest rates movement, analyzed debt security classes then allocated the appropriate weight of the portfolio for each security class to diversify returns and hedge against risk via Bloomberg. * Pension fund analysis: Analyzed the liabilities of the second largest public pension fund in the U.S California State Teachers’ Retirement System (CalSTRS), applied global macroeconomic analysis, forecasted unfunded liabilities, expected returns and constructed new assets allocation to reduce unfunded status.