Senior Economst
Ministry of Economy & Planning
مجموع سنوات الخبرة :13 years, 9 أشهر
Analyzing and reporting on Kingdom of Saudi Arabia (KSA) macroeconomic data and business cycle developments
• Maintaining and developing proprietary macro indicators for the KSA
• Developing and deepening relationships with clients
• Providing thought leadership for junior staff on the KSA economics team
• Helping to define the research pipeline on the KSA economy
• Contributing to the macro research calls on the KSA
• Participating in collaborative research projects with sector analysts and macro strategist
1. Preparation of the monthly management accounts and variance analysis in relationship to the Shared Service Business Unit.
2. Assist the HOD and Dept. managers produce the budget and quarterly forecasts for approval by the Financial Controller and Financial Director and Business Unit Director.
3. Prepare Month variance reports highlighting and identifying reasons for variance from actual to standard cost of production.
4. Analysis of labour and costing trends.
5. Provide variances analysis from budget, identify added-value reporting opportunities for trend, analysis and commentary to assist forecasting and budgeting requirements.
6. Preparing and reviewing Monthly performance of the Shared Service BU.
7. Liaise with the Group Accounts Dept and assist with the audit preparation work to allow for timely completion of the annual financial statements and corporation tax returns.
8. Maintaining records and reconciliation controls of approved budgets.
9. Year-end income and expenditure forecasts.
10. Timely and accurate preparation of monthly Dept. Financial and Management Financial reports.
11. Accounting systems and processes improvement.
12. Manage the expectations of the Profit improvement plans for the Processing Plant.
13. Invoicing of Services and Interdepartmental cross charges.
14. Developing Costing models for Services and assisting the Department Managers in determine proper cost and charging rates for the services.
• Prepare, examine, and analyze accounting records, financial statements, and other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards
• Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting and other tax requirements.
• Establish tables of accounts and assign entries to proper accounts.
• Develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted costs to actual costs.
• Survey operations to ascertain accounting needs and to recommend, develop, and maintain solutions to business and financial problems
• Advise management about issues such as resource utilization, tax strategies, and the assumptions underlying budget forecast.
• Interact with company banking and financial partners.
• Ensure account receivables and payables activities are performed accurately and timely.
Planning, supervising, and handling ongoing audits assignments.
Developing audit programs and overall audit plan.
Developing and finalizing Expressions of Interest (EOI) and Financial proposals.
Preparation and finalization of yearly accounts in accordance with the Companies Ordinance (1984), International Accounting Standards (IAS) Maintenance of financial records both manually and in computerized environment
Review of internal controls implemented in the organizations, identification of weaknesses and advice on modification of the systems to further strengthen and make them more effective and efficient
Planning and developing audit strategies and procedures by performing risk assessments in response to clients’ business risks and financial risks.
Understanding and documenting the key business and financial processes of the clients, testing of key controls over such processes and highlighting the design and implementation weaknesses embedded within these.
Executing audit procedures (including analytical reviews) in accordance with ISAs.
Ensuring that recording of transactions and preparation of financial statements is in accordance with International Financial Reporting Standards as well as local laws and regulations.
Drafting of reports including management letters highlighting internal control weaknesses and the risk involved, business improvement points and suggestions.
Planning and managing engagements and managing people by supervising, coordinating and appraising work of support staff ensuring that deliverables meet objectives, work plan specifications and deadlines.
Assisting clients’ management with identifying resolutions to issues that arise due to design and/or operating failure of key controls.
The list of clients worked with is as under:
INTERNAL AUDIT:
• National University of Science & Technology (NUST):
• Dalda Foods (Private) Limited:
• Redco Textiles Limited:
• Bio Labs (Private) Limited:
CONSULTANCY:
• Bank of AJ & K (Refinement of Accounting and Internal Control Manual)
• Proposal writing of various clients
SPECIALIZED ASSIGNMENTS:
• NLC Pearl Precast (Private) Limited - Accounts compilation
• World Health Organization (WHO) - Fixed assets verification
Planning, supervising, and handling ongoing audits assignments.
Developing audit programs and overall audit plan.
Developing and finalizing Expressions of Interest (EOI) and Financial proposals.
Preparation and finalization of yearly accounts in accordance with the Companies Ordinance (1984), International Accounting Standards (IAS) Maintenance of financial records both manually and in computerized environment
Review of internal controls implemented in the organizations, identification of weaknesses and advice on modification of the systems to further strengthen and make them more effective and efficient
Internal Management Reporting on the financial as well as non-financial matters.
The list of clients worked with is as under:
• NGO’s, NPO’s and related projects
o National Trust For Population Welfare (NATPOW)
o Rozan
o Saiban Development Foundation
o Intermedia
• Government Entity
o State Engineering Corporation (Private) Limited
o Defence Export Promotion Organization (DEPO)
o Overseas Employment Corporation (Private) Limited
• Manufacturing Sector
o FSL Group
Fazal Steel (Private) Limited
Karim Aziz Industries (Private) Limited
o Redco Pakistan Limited
o Petrosin Engineering (Private) Limited
o Genome Pharmactical (Private) Limited
• Oil & Gas sector
o Petrosin Gas Pakistan (Private) Limited
o Petrosin CNG (Private) Limited
o Muhammadi Gas (Private) Limited
• Service Sector:
o Radio Buraq (Private) Limited
o Midas (Private) Limited
o Knowledge BPO (Private) Limited
• Funds
o Heavy Engineering And Machine Tool Corporation - Provident Fund
CA Finalist