Head of Financial Reporting
The Saudi British Bank - SABB
مجموع سنوات الخبرة :20 years, 10 أشهر
- Preparation of complete set of consolidated quarterly and annual financial statements, including footnote disclosures, in compliance with IFRS and submission to the regulators (SAMA, CMA and Tadawul) within deadlines.
- Coordinating with external auditors for clearance of annual and quarterly consolidated group financial statements and key point of contact for resolution of all issues raised in management letter and ensuring prompt closure of gaps.
- Served as head of regulatory reporting for 9 months and improved the regulatory reporting process significantly.
- Coordinate monthly, quarterly and annual financial close & reporting processes, reviewing journal entries, monthly accruals, loans provisioning, investments impairment, and investigate & analyze variances.
- Weekly balance sheet reporting to senior management for performance and liquidity management purposes.
- Preparation of 2017 directors report of the bank as per SAMA and new CMA corporate governance regulations.
- Coordinate financial close, reviewing journal entries, monthly accruals & analyze variances.
- Active role in the bank reconciliation automation project.
- Develop and improve processes for the finance team and addressing control weakness.
- Preparation and review of bank reconciliations and other accounts reconciliations.
- Supervise, coach/train and review work products of staff.
My current role and responsibilities include:
- Manage the financial reporting function of the Bank.
- Accounting advice to operations & other business on new products.
- Ensure compliance with tax regulations, monthly withholding and annual tax return fillings, payments and coordination with tax consultants for advice.
- Plan, design, review and improvement of effective control environment and underlying controls.
- Team building, coaching and development of self and others,
- Coordinate and act as a central point to manage audit & reviews by external auditors (E&Y and PwC) and internal audit
- Working closely with system migration team to implement new core banking system Temenos T24.
- Review / updation of accounting manuals.
-- Review and finalization of quarterly, half-yearly and annual financial statements of the bank for local and group reporting purposes.
- Act as finance coordinator for SBP and internal audits and as an external audit coordinator, involvement and co-operation with auditors to ensure excellent audit access and prompt closing of all audit comments. Coordinating with consultants over implementation of Internal Control over Financial Reporting (ICFR) project.
- Review of investments valuation and recommending provision in case of diminution.
- Played an active role in the integration of systems and implementation of STAR System (core banking system).
- Review and finalization of annual tax return.
- GL Administration.
My role and responsibilities included;
- Planning, supervision and review of audits
- Review and provide comments on financial statements and related disclosures as per IFRS, corporate laws and other regulatory framework.
- Reporting to Senior Manager / Partner and responsible for management, supervision and review of team's work.
- Ensuring quality of service to the clients and assuring their satisfaction to the services provided.
International Experience:
I was seconded to Ernst and Young - New York from January 2007 to March 2007 and Enrst and Young - Riyadh from April 2006 to May 2006. The international exposure enriched me professionally and equipped me with the traits needed to deal with a variety of situations in an innovative, effective and efficient manner.
Chartered Associate Member of the Institute of Chartered Accountants of Pakistan (ICAP)