محمد مويز Saify

 Responsible for successful completion of external audits and drives and oversee external audit process across the Group
 Responsible for statutory reporting, preparation and finalization of the complex Consolidated financial statements of Al Ghurair Investment Company LLC (AGI), Holding companies of AGI and standalone financial statements of other legal entities managed by AGI
 Play active role in monthly closing of AGI and other legal entities managed by AGI
 Prepare monthly financial statements including monthly balance sheet, income statement and report on changes in financial position/budget variances and maintain related records
 Preparation of Corporate budgets, forecasts and cash flows through effective coordination with different head of departments
 Provide technical support to the finance teams (Corporate and BUs) in interpretation and application of IFRS requirements
 Prepare and update group wide related party grid with the coordination of various BUs and ensure that it is properly reconciled
 Organise quarterly meeting with Group Financial Controller (GFC) and Group CFO and prepare strategy to settle related party balances
 Able to evaluate accounting issues and provide recommendation on accounting treatment under IFRS
 Maintain proper, accurate and up to date record of real estate assets and ensure proactive coordination with Land Managers
 Monitor actual spent against budget and forecasts and provide periodic exceptions report to GFC and GCFO
 Support GFC and GCFO in ad-hoc projects and assignments relating to financial planning and analysis, structure reviews and scenario analysis, etc
 Provide in-house training to Finance staff

My responsibilities are;
 Establish internal accounting structure; financial & accounting policies & procedures in line with project agreements, best practices & IFRS;
 Reviewing compliance of covenants, reporting and other requirements mentioned in Loan agreements, Power and Water Purchase Agreement (PWPA), Operation and Maintenance Agreement (O&M), Long Term Service Agreement (LTSA);
 Analyzing revenue and expenditure variances relative to the adopted budget and preparation of monthly management reporting packs including commentary and recommendations for Group submission;
 Carrying out business modeling and risk assessment including analysis of comprehensive income statements and preparing reports including variance and gap analysis to the Group company, Plant General Manager (PGM) and Chief Financial Officer (CFO);
 Ensure an accurate and timely monthly, quarterly and year end close and Audit including analysis of unusual transactions, with budget and forecast;
 Preparing quarterly result and other financial analysis for Directors for quarterly meetings;
 Managing the full process of half year/ year end audits with external auditors. Also responsible for co-ordination & completion of all annual functional audits; and
 As an ICC, identifying weaknesses, addressing risk and giving suggestions to improve internal control system.

Overall areas of responsibilities were;

 Identify new business opportunities and maintaining client relationships;
 Prepare technical and commercial audit proposals for new business;
 Provide on-going coaching to audit staff;
 Work closely with clients to identify technical business needs relating to risk, compliance and governance, provide options and recommend solutions;
 Investigation of abnormal transactions routing through diverse systems with thorough analysis;
 Analysing existing processes, providing recommendations to higher management in respect of implementing workflow mechanism in significant business processes;
 Identifying weaknesses, addressing risk and giving suggestions to improve internal control system;
 Identifying critical risks faced by business and discussing mitigating factors thereof with management;
 Reviewing annual and limited scope financial statements for the statutory purposes; and
 Reviewing compliance with the statutory requirements and the Code of Corporate Governance.

Timely execution and completion of assignments under my portfolio

Preparing agendas and attending final clearance meetings along with partner.

Review of management draft financial statements under different accounting GAAPs for varied industries.

Resolving issues arising during the course of audit, if any, or taken proper consultation from partners.

Reporting and liaison with Deloitte international offices.

Performance of client acceptance procedures using Deloitte Risk Management System(DRMS)

Prepare internal control memorandum for presentation to Partner

Studying the client’s existing internal control systems through the audit process, discussing the findings with management and recommending appropriate corrective measures by issuing management letter

Orienting team regarding client expectations and industry knowledge.

Managing, motivating, supervising, mentoring and appraising of junior staff

Timely execution and completion of assignments under my portfolio

Preparing agendas and attending final clearance meetings along with partner.

Review of management draft financial statements under different accounting GAAPs for varied industries.

Resolving issues arising during the course of audit, if any, or taken proper consultation from partners.

Reporting and liaison with Deloitte international offices.

Performance of client acceptance procedures using Deloitte Risk Management System(DRMS)

Prepare internal control memorandum for presentation to Partner

Studying the client’s existing internal control systems through the audit process, discussing the findings with management and recommending appropriate corrective measures by issuing management letter

Orienting team regarding client expectations and industry knowledge.

Managing, motivating, supervising, mentoring and appraising of junior staff

My responsibilities are
·Conducting field audits including examining and analyzing the accounting and financial records of various entities to ensure compliance with established accounting standards and statutory requirements

·Examining journal and ledger entries, bank statements, inventories, expenditures, tax returns and other accounting and financial records.

·Documenting of business cycles of entities to understand clients business properly.

·Designing tests of controls to evaluate the system of internal controls and drafting of management letters to communicate recommendations for adoption of efficient corrective measures.

·Preparing reports on audit findings and making recommendations to improve entity’s accounting and management practices.

·Co-coordinating with the financial planning and budget process, and analyze and correct estimates.

·Supervision and monitoring of staff.

·Foreign reporting in accordance with the instructions of the Group Auditors

My responsibilities were

·Conducting field audits including examining and analyzing the accounting and financial records of various entities to ensure compliance with established accounting standards and statutory requirements

·Examining journal and ledger entries, bank statements, inventories, expenditures, tax returns and other accounting and financial records.

·Documenting of business cycles of entities to understand clients business properly.

·Designing tests of controls to evaluate the system of internal controls and drafting of management letters to communicate recommendations for adoption of efficient corrective measures.

·Preparing reports on audit findings and making recommendations to improve entity’s accounting and management practices.

·Co-coordinating with the financial planning and budget process, and analyze and correct estimates.

·Supervision and monitoring of staff.

·Foreign reporting in accordance with the instructions of the Group Auditors