Senior Manager
Gulf Investment Corporation
Total years of experience :18 years, 8 Months
A leading Investment bank in the region)
- GIC is one of the major investment vehicles for the six GCC governments to promote economic growth in
the region. The Corporation have wide range of investment including some of the complex derivative
instruments.
- Responsibilities include G/L monitoring, MIS, account finalisation, consolidation, periodic reporting,
coordination with external and internal auditors and advice in complex accounting treatment.
- Solely manages audit/review of financial statements of the Corporation.
- Initiated new analytical reports for
* Private equity management team detailing the performance and activities.
* Portfolio return analysis of global market group
- Decreased reporting time by understanding the data flow and timing of reports and developing automated
templates using Excel to tabulate standard information.
- Prepared account keys for new derivative products with hedge accounting and other complex products like
Credit default swaps. Also managed to find out accounting treatment of unusual transaction were
guidance is minimal from the resources.
- Managed to reduce audit time by efficiently managing the resources and restructuring the procedures.
- Effectively contributed in the new core banking system selection process as member of the system
selection team.
- Active involvement in Core banking implementation project (OLYMPIC BANKING SYSTEM -ERI)
* Part of core implementation team which manages the project. Responsibilities include coordinating
with different stake holders and planning and implementation of different stages of the project.
* Responsible for proper implementation of Finance division requirements including accounting,
processing and reporting.
A multi-national audit and consulting firm)
- Led the audit of some of the largest investment companies in Kuwait in the areas of investment
properties, available for sale investments, trading securities, associate investment and subsidiary
investment in order to ensure the right circumstances for hedge accounting under International
Accounting Standards (IAS) 39 and assessed the hedge effectiveness at period ends using Excel and cash
flow and net present value analyses.
- Conducted audit and assurance tasks for a number of organizations in such fields as FMCG,
manufacturing, financial services and construction in order to ensure fair presentation of financial
statements, test IT application and general controls and improve client business strategies..
- Designed audit strategies based on understanding of client businesses and key processes and
organizational and operational risks, based on review of process documentation and walkthroughs, and
drafted strategies to enhance systems and strategies.
- Compiled financial statements according to relevant reporting standards and performed agreed upon
procedures in order to determine robustness of numbers, reconciliation, quality of information and to
analyze operational parameters and provide input for the structuring of agreements and to certify
procedures for legal compliance purposes.
- Led the focused team coaching teams and designed ideas to improve the audit efficiency and profitability
without compromising the quality of the audit work and reputation of the organisation.
ARTICLESHIP
Served M/s Remesh and associates. Duration: 3 Years
Participated in the Statutory, Internal & Tax Audits of Banks, FMCG and Manufacturing concerns.
Conducted Audit of Private Ltd. companies, various Proprietary and Partnership Concerns, Schools, Clubs etc.
Prepared Books of Accounts and Final Accounts, Bank Reconciliation Statements, Audit Programs.
Handled finalization of Accounts and Sales Tax Audits.