Mahmoud Al Badawi

Establishment of Financial Systems, policies, and procedures.
Manage the accounting activities by planning, directing, reviewing and
following-up on duties assigned to the accounting personnel
Built and lead a team of professionals for the finance department.
Prepared Monthly, Quarterly & Year End financial statement in accordance of
IFRS, UAE regulations, and Islamic sharia.
In charge of Budgeting, Forecasting and Cash Management.
Review periodic reports of variations between budgeted vs. actual amounts
Supervise the maintenance of accounting books, registers, files and accounting
reports to meet the legal, managerial and governmental requirements.
Review accounting transactions and ensure they are accurately and
consistently classified and make the necessary corrections accordingly
Contribute to monitoring collections of contributions receivable and review
assessment of provisions for doubtful debt
Handled Income and revaluation for investments and properties.
Manage execution of investment transactions
Monitored and handled Credit Control Policies and Procedures.
Review monthly reconciliations of bank accounts
Manage the period-end closing and the periodic generation of the accounting
reports
Recommend and participate, in coordination with the IT Department, in the
development and implementation of an advanced computerized accounting
and reporting system deemed necessary to perform the finance requirements.
Prepared and edited disclosures of Financial Statements in Financial Market.
Prepared MIS Reports.
Liaised with banks & auditors (Internal & External) and attended to inquiries.
In charge of Implementation of Premia 10 system.
Supervise the finance department’s staff work programs and ensure their
proper execution
Provide timely feedback on the performance of the staff reporting to him
directly and counsel them on how to enhance their performance and address
their weaknesses.
Directing/Coordinating Actuarial Projects and Reports.
Monitoring company solvency.
E-Forms.
Working closely with the regulator (Insurance Authority) with all concerned
matters.
Completed phases 1 & 2 of IFRS17.
Uploading all reports required by Insurance Authority in quarterly into DPS
(Digital Services Platforms).

✅ Built & led 15+ member finance team; established full finance policies,
procedures & internal controls aligned with IFRS 17, Takaful principles &
UAE regulations
✅ Delivered monthly / quarterly / annual consolidated financial
statements; completed IFRS 17 Phases 1 & 2 on schedule; all reports
submitted to Insurance Authority via DPS
✅ Managed AED 300 M+ asset & investment portfolio — including
valuation, income recognition & treasury / cash flow planning
✅ Designed & rolled out Premia 10 system; integrated with reporting &
compliance workflows — reduced period-end close time by ~20 %
✅ Oversaw budgeting, forecasting, variance analysis & solvency
monitoring; improved accuracy & transparency
✅ Coordinated fully with internal / external auditors, banks & regulator;
zero major compliance findings over 11 years

✅ Managed full reinsurance accounting lifecycle: Treaty & Facultative —
premium, claims, cash-calls, reinstatement, profit commission, XL
recoveries
✅ Produced accurate statements, statistics & reconciliations; supported
treaty renewals & placements
✅ Coordinated with international reinsurers; reduced outstanding
receivables turnaround time
✅ Also handled core claims processing & reserve setting within non-motor
lines

✅ Managed end-to-end accounts, collections, cash control & daily banking
✅ Prepared aging, forecasting & financial statements; ensured full audit
readiness
✅ Strengthened receivables follow-up & credit control — improved
collection efficiency