Manager
Nasco
مجموع سنوات الخبرة :23 years, 10 أشهر
• Perform analysis on the monthly reporting and evaluate the financial performance of the Company.
• Prepare budget and business plan
• Preparing detailed profit and loss account by branch, Division & Consolidated
• Aging analysis and preparation of a credit control policy and minimize provision for doubtful debts
• Evaluate the accounting software, assess its capabilities, and strength its internal control
• Maintain compliance with SAMA regulations.
Evaluate the financial performance of the company and assess the existing and potential weaknesses.
Establish effective ERP system and enhance the accounting and reporting of the Company.
Follow up & Review on Company’s investment portfolio.
Assess the existing polies and procedures relating to financial departments (collection, disbursements, expenses claims, and commissions) and evaluate the existing internal controls.
Perform budget plan to be part of the management reporting to enhance the monitoring of the financial performance.
Prepare complete set of management reporting system with operational and financial KPIs to be reported to CEO for review and follow up.
Review daily insurance transactions and perform monthly & quarterly reconciliations with brokers, Reinsurance companies.
Ensure proper compliance with QFC regulations and requirements
•Constructed and tailored proper chart of accounts that reflected the Company accounts in detail transparency and compatible with IFRS requirements.
•Engaged with external international auditors to prepare and issue audited financial statements to comply with the capital increase requirement.
•Created a monthly reporting system of management accounts and reviewed it with the shareholders any analyzed any deviations from the approved forecast.
•Adjusted the forecasted plan to reflect the current capabilities of the Company and take into consideration the expected future expansion with the existing capital funds.
•Daily mentoring and controlling of the ledgers, accounts and banks, with close follow up on the aging and terms of credit to ensure a positive cash flow in the Company.
•Financial planning of the expected capital increase supported by budget expansion and capital expenditure analysis.
• Responsible for compiling, analyzing, consolidating and organizing the financial information for the Company and its subsidiaries and monitor the performance through budget, and financial ratio analysis processes and identifies trends and developments and presents findings to management board;
• Close monitoring for six subsidiaries spread over six countries for their financial performance and budget control and proper follow up with regulators of each respective country for the compliance of the companies with the existing regulations and solvency margins.
• Responsible for special projects as assigned (Standards & Poor rating project and Enterprise Risk Management ERM project to establish a full ERM framework with proper implantation and identifying risk appetite and tolerance);
• Established an excel model for reporting where it compares actual to prior periods and budgeted figures with proper analytical ratios by period, line of business. The model analyzes the investments held according to their classification, category, rating, maturity, currency and industry. Also the model gives clear indications to (ALM) and investments concentrations where it helps and guides to clear identifications of exposures and risks held.
• Coordinates, supervises, and conducts audit assignments, reviewing the efficiency and effectiveness of departmental operations, the adequacy of internal controls, and verifying compliance with regulatory requirements;
• Establishes audit objectives and develops audit program, including time estimates, plan of work and steps necessary to collect data and document findings;
• Responsible for the development of audit findings and summaries; completes and monitors field work, completes and reviews work papers, conducts negotiations, resolves appeals, edits preliminary drafts and prepares the final audit report;
• Responsible for preparing and reviewing financial statements (consolidated and separated) according to International Financial reporting standards and management reporting packages.
• Monitors work assignments to ensure timely completion and perform detailed quality assurance reviews of working papers and reports to ensure the completeness, accuracy, and objectivity of audit reports, and consistency with International Financial Reporting Standards (IFRS), or Generally Accepted Accounting Principles (US GAAP);