Senior Supervisor- Risk Management Division
Ahli United Bank - Kuwait
مجموع سنوات الخبرة :15 years, 9 أشهر
Ahli United Bank of Kuwait (AUBK) is a traditional bank founded in 1971 providing retail, private and corporate banking services with headquarters in Safat, Kuwait City.
Major responsibilities include:
Credit MIS:
Preparation of new reports as per given criteria by Management. Development of non-routine reports to adhere to the various internal departments namely Corporate, Retail, Retail RWD, Retail Real Estate requirement for montoring Risk Asset Quality
Managing the automation of Risk Reports and other Management Reports using Enterprise Data Warehousing (EDW) and ensure completeness and accuracy. Supervision of daily reconciliations of EDW with database and updates, investigation and resultant rectification of discrepancies
Preparation and montoring of Board Risk Exposure Reports, Watchlist reports, Collateral Shortfall reports, Management Committee (MANCOMM) Report, NPF reports and any ad hoc reports as required by the Senior Management. Performance of trend analysis, attribution analysis, variance analysis on the various reports prepared.
Key assistance provided to Financial Institution division (FI) for reports submission to Risk Rating Agencies
Review of reports provided by the Finance division through SAP Business Objects and reconcile them with GL/New Finance/Off- Balance Sheet Finance etc.
Preparation of LCR and NSFR reports
As a Senior Accountant at United Q max Drilling Fluids Co . The Company offers drilling fluid and
sale of chemicals . it is a Joint Venture of UOP and
Q max Solutions Inc
Major Responsibilities include:
• Preparation and submission of Invoices to
Customer, regular follow-up with clients as per
credit terms to ensure timely collection of funds
• Daily Revenue report to Head office by
comparing the sales/consumption from
Workover and Development rig Site
• Daily Inventory reconciliation with system and
warehouse report, conducting quarterly
physical count and adjusting the excess/shortage
with management approval
• Verification/recording of day to day accounting
transaction in Focus software.
• Keeping track of supplier invoices as per aging
report, reconciliation of balances with
supplier statement and transfer of funds
through online/cheque.
• Handling payroll of staff through Enfinity Payroll
Software, Uploading Monthly Salary online for
approval of Country Manager and CEO
• Banking Letters, Bank Reconciliations
• Monthly Closing- Passing of accounting entries-
Monthly accruals, prepaid.
• Handling with Auditors for Annual and Tax Audit
The Company profile : GOFSCO (Gas & Oil Field Services Company) is a Kuwaiti Shareholding closed company with an employee base of over 300. GOFSCO is a regional industry pioneer since 1972, supporting the development of the petroleum production industry in the region. The Company is one of the largest integrated service providers for the upstream oil and gas sector, both onshore and offshore.
GOFSCO provides oilfield services including inspection, logging, perforating, cementing, pumping, coiled tubing, slick line and well completion; provides repair maintenance services.
Major responsibilities include:
1. Verifying the payment request with the
supporting documents and presenting it for
CFO's Approval
2. Keeping track of all payments and expenditures,
including purchase orders, invoices,
petty cash, etc.
3. Preparation of cheques and bank transfer letters
for vendor payments
4. Reconcile the accounts receivable ledger to
ensure that all payments are accounted
for and properly posted.
5. Scrutiny of ledger balances for major variances
and unusual balances at the month end
reporting.
6. Assist in the Preparation of annual nancial
statements
7. Reviewing and verifying the monthly payroll
computation with the source documents,
analysis of payroll information and releasing the
salaries through online banking for the
approval of CFO.
8. Involved in the implementation of New ERP
System i.e. MS Dynamics AX 2012.
PKF International administers the PKF network of legally independent member firms. There are around 300 member firms and correspondents in 440 locations in around 125 countries providing all accounting and financial advisory services.
Major responsibilities include:
•Audit as per International Standards on Auditing (ISA) by gaining knowledge of the clients and their business, understanding the system of operation, making in depth study of the major transactions from beginning to end for checking the risks involved in each level of transaction process and the effectiveness of the controls in place, evaluating the internal control system of the organisation to determine the nature, timing and extent of the audit work. Then, by considering the results and remarks of the audit checks done at all levels of activity, forms an opinion on the financial statements of the Organisation after ensuring the appropriateness of the standards International Financial Reporting Standards (IFRS) and policies used in its preparation.
•Finalization of the books of accounts of Companies, preparation and analysis of financial statements in compliance with IFRS.
•Draft and implement accounting policies and procedures, chart of accounts and internal controls in accordance with generally accepted accounting practices
•Analysis of internal control systems and to recommend improvements.
•Preparation of projected financial statements, budgeting and variance analysis.
•Drafting Audit Reports, Management Representation Letters and correspondence with clients.
Major taxation responsibilities include:
•Tax registration, computation and filing of tax declaration
•Assist in tax inspections, tax assessments and prepare and file objections to tax assessments.
•Liaison with taxation authorities
M/s. Abraham and Kurian, Chartered Accountants, established in 1994 is a fast growing firm of Chartered Accountants (under the Institute of Chartered Accountants of India \[ICAI\]) having more than 21 years of experience in servicing clients in the fields of audit, taxation, consulting and financial advisory services to industries including banking and financial services, investments, construction, general trading and manufacturing.
Major responsibilities
Preparation of financial statements, budgets, projects and work plans.
Analysis of internal control systems and to recommend improvements.
Income tax Act 1961, Section 44AB tax audit of companies, partnership firms and individuals.
Statutory audit of Banks.
Income tax, service tax and sales tax return filings and correspondence.
CA Intermediate (Semi-Qualified Chartered Accountant) passed from the Institute of Chartered Accountants of India (ICAI).