Senior Financial Analyst
Warba Insurance & Reinsurance Company K.S.C.P.
Total years of experience :20 years, 8 Months
• Preparing the Company’s strategic plan and consolidation of the budgeted premiums/expenses to forecast the five-year financial performance.
• Weekly statistical analysis of the Company’s premiums/claims/policies to identify LOB's budget achievement and interpret trends/patterns through dynamic dashboards.
• Budget monitoring of the Company’s CAPEX/OPEX as per the approved purchasing policy in addition to reporting Actual vs. Budget performance on departmental levels.
• Financial & operational reporting to regulatory authorities (e.g., IRU, CBK, MOCI) in coordination with the external auditor.
• Developing dynamic financial models, valuations and competition benchmarking analysis.
• Acted as a Financial Advisor for a Kuwaiti environmental company to determine the fair value of the business and recommend enhancement measures as part of the Company’s pre-sale process.
• Took the role of a Strategist for a renewable energy company to develop its marketing plan to expand its client base & achieve sustainable growth in sales. The plan included a marketing strategy, KPI dashboards & action plan to act as a guideline for the management to achieve targeted goals.
• Serving as an Assistant Loss Assessor of a healthcare project contractor to manage their insurance claim and negotiate the settlement on behalf of the policyholder.
1. Performing due diligence and investment appraisals of private equity & real estate opportunities in US/UK/Europe to identify their alignment with the Investment Policy Statement & offer investment recommendations.
2. Driving strategic planning through the development of the long term corporate strategic plan. This included collecting operational/financial data, budgeting, comparative & variance analysis of business units, financial forecasting & recommending cost optimization & performance enhancement measures.
3. Following up the performance of subsidiaries/associates, identifying their financial status by comparing actual results with budget and performing periodic valuation exercises using spreadsheets of various methods (DCF, DDM, ANAV, capitalization of earnings, multiples).
4. Initiating the preparation of management reports pertaining the factors affecting the share price movement in addition to the synergetic effect resulting from a potential merger between affiliates.
5. Led the successful qualification process of a BOT multipurpose commercial project in Sabah Al-Ahmed Residential City.
6. Identifying and participating in value adding government tenders issued by PAHW/TEC/PTB and assessing its financial viability in addition to preparing the technical & financial proposals.
1. Managed the execution of KD90 million acquisition transactions of 4 petrochemical and educational companies listed in Kuwait Boursa as per CMA’s rules & regulations.
2. Managing & processing high-volume advisory contract workload within a deadline-driven environment with demonstrated ability to submit deliverables on time with high level of accuracy.
3. Developing financial projections plans & communicating strategic insights to corporate/individual clients to optimize business performance and highlight opportunities for improvements as per the industry’s benchmark and best-practice.
4. Undertaking bilingual sell/buy side advisory as per CMA’s regulations and preparing the required documentations (e.g., Acquisition Offer, business valuation, information memoranda and prospectus).
5. Financial modeling/forecasting and capital budgeting for new investments to determine their financial viability to individual/institutional investors.
6. Delivering effective business & marketing plans with focus on benchmarking and formulating dashboards with targeted operational and financial KPI metrics, strategy & action plan for monitoring purposes and to ensure value creation and achieve optimal utilization.
7. Preparing feasibility studies for various industries to identify project vision & mission, market demand/supply, industry trends, competitors, products pricing, marketing mix, key performance indicators, and perform financial estimates (Capital expenditures, financing, investments, working capital, income statement, balance sheet, cash flow statement).
8. Performing financial reporting and cash flow forecasting of new projects and ensure liquidity by analysing working capital efficiency, profitability and solvency levels.
9. Performing data mining and primary/secondary market research to collect financial data and identify the market supply/demand trends for various industries.
10. Assuming ownership of undertaking valuation reports and impairment tests using income, asset & market valuation approaches to derive the underlying Asset/Company’s fair value.
11. Launching and managing the Tax Compliance department as a new revenue generating unit that offers FATCA/CRS assurance services to over 30 leading financial institutions in Kuwait.
12. Comparing companies actual performance compared to the budget and recommend cost saving measures.
1. Ensuring compliance with Corporate Governance principles and regulations issued by the Capital Markets Authority (CMA) and completing the quarterly corporate compliance progress reports to the CMA. Performing gap assessment of required documentations/procedures to bridge the gap between the Company’s governance structure and CMA regulations. Contrasting & reporting of variances between Articles of Association/Articles of Incorporation and CMA Regulations. Assist in developing the requisite documentations (e.g., Company's Corporate Governance Organizational Structure, management KPI’s and employees lines of responsibilities).
2. Recommending risk mitigation strategies through constructing hedging investment strategies models and deriving the profitability/payoff streams as per the market direction outlook for the purpose of minimizing the Company’s risks arising from changes in market variables.
3. Implementing AIRMIC risk management process for risk identification/assessment/treatment/monitoring of new, emerging and potential risk factors as it pertains to the Company’s business activities. Maintaining risk register and assigning risk management strategies according the Company’s risk policy and risk appetite limits.
1. Collaborated in the successful delivery of economic/financial studies pertaining the establishment of Kuwait’s KD1.5 Billion residential project “Sabah Al-Ahmed City.
2. Performing financial analysis to assess the Company's retrospective performance in addition to identifying variances between actual and budgeted plan.
3. Identifying revenue generating opportunities for clients & designing Excel models with assumptions of CAPEX, revenues, cost allocation, financing structure, CAPM/WACC discounts & ROI.
4. Preparing bilingual private placement memorandums, business plans, due diligence, market studies and economic feasibility studies for mega projects in the banking, urban planning, real estate, telecommunication, commercial, industrial and legal sectors across the MENA region.
5. Collecting, monitoring, compiling and analyzing market/financial information and conducting comprehensive industry, consumer and SWOT analysis in order to determine market opportunities.
6. Performing primary/desktop market research and gathering competitive market intelligence to assess the external/internal environment. Identifying the overall sector's performance, demand/supply, and main competitors; and advising on all elements of marketing aspects (product mix, pricing, advertising & promotion, selling and distribution channels).
7. Conducting professional Arabic/English valuation reports in accordance to IFRS-13 and IACVA. Designing automated valuation models populated with basic financial assumptions, extrapolated free cash flows (FCF), risk-adjusted discount rates and valuation methods (Discounted Cash Flow, Capitalization of Earnings, P/E and BV) to determine the fair value of the underlying company.
8. Designing financial models with forecasted financial statements to identify the Net Present Value (NPV), Internal Rate of Return (IRR) and Payback Period; and interpreting the key financial indicators of the underlying investment opportunity.
9. Providing technological solutions for entrepreneurs to enhance the business work flow and grow the future sales. Managing the Company's website & webmail system, troubleshooting network problems, assigning users permissions and backing up the necessary data on a regular basis.
Designing and administering the Company's networking system in addition to installing and configuring the required hardware equipment and software applications to provide easy access to shared network folders, printers and faxes. Granting network access privileges to users and resolving network problems. Ensuring security of stored information and performing periodic data backup.
Joining GUST enriched me with the necessary finance-related fundementals and principles that assisted me in delivering quality investment consultancy services to institutional and individual clients. The main finance-topics learned at GUST included, but not limited to, the following: 1. Islamic Finance & Investments 2. Financial Modeling 3. Investment Portfolio Management 4. Financial Markets 5. Capital Budgeting & long term financing decisions 6. Options & Derivatives 7. Equity Valuation 8. Fixed Income Valuation 9. Real Estate Finance & Investment 10. Financial Risk Management 11. Corporate Finance
Microsoft Certified System Engineer (MCSE) certification focuses on the ability to design and build technology solutions to provide easy data access for employees.
