Accounts and Compliance Executive
Howden Insurance Brokers LLC
مجموع سنوات الخبرة :6 years, 7 أشهر
Responsibilities as a part of the Accounting and Compliance Function:
Accounting function:
Working on Praktora (Insurance broking accounting software) and also involved month end closing with the CFO
Preparing receivables ageing report on a monthly basis to be submitted to the finance team in London
Preparing broker wise premium analysis report which indicates the number of policies placed by each broker, amount of premium placed, commission earned, etc
Segment wise reporting indicating commission earned on each line of business such as motor, medical, general insurance and reinsurance
Reconciliation of insurance receivables and payables between insurance companies and books of accounts
Liaising with insurance company and brokers for the variances
Informing the internal brokers to issues debit or credit notes for the variances
Coordinating with insurance companies for the debit and credit notes
Compliance function:
Reviewing policy documents and relevant supports against a standard procedural checklist
Recommending areas for improvement in the company’s standard compliance manuals
Conducting meetings with concerned staff to communicate the weaknesses observed during the review process
Preparing reports indicating volume of the documents reviewed and observations for the presentation to the CEO
Assisting in the internal audit function of the company
Since Feb, 2013: Auditor in Horwath MAK Limited member firm of Crowe Horwath International,
DIFC.
Responsibilities as an Auditor:
Managing audit assignments independently as well as in a team, complying with policies, procedures
and standards at all times
Preparation of financial statements as per IFRS; review of audit documentation and audit files
Designing and performing substantive tests including analytical review to derive inferences to form
opinion on the financial statements and review of field work of assistants
Understanding and suggesting improvements in accounting practices and internal control processes
Preparing reports on Internal Control weaknesses and recommendations to establish and improve the
internal control policies and procedures
Assisting in various group consolidation and group reporting of international clients
Liaising with clients at the planning, execution and the conclusion stages of the audit
Communicating with the Manager, Senior Manager and brief them for any audit issues and resolving
their queries
Mixed
Portfolio
Major clients at Crowe Horwath-Dubai:
Gargash Group (
Various Hedge Funds
Ginza Fashion (
ZV Orient (
Rainforest Café-Dubai Mall
AL- PER Solutions Limited
Responsibilities as an Accountant:
During my tenure in the firm, I have been involved in book keeping of various clients to support their
accounting function.
Preparing and filing regulatory returns to DFSA
Analysing financial information to plan and prepare monthly/semi-annually cash flow forecasts and
annual cash budgets forecasts/annual plan of business for use in making strategic decisions
Advising clients on the application of the International Financial Reporting Standards (
Preparing monthly bank reconciliations, profit and loss statements and balance sheet based on the
raw data
Posting and reviewing journal entries in Quickbooks, Microsoft Dynamics Navision and Tally
Preparing and handling payroll of clients and their management approval on a monthly basis
Updating monthly accruals, amortisation schedules and fixed asset register
Accounting
Clients
Clients handled at Crowe Horwath-Dubai as accountant:
Attijariwafa Bank (
La Tresorerie
Ridge Solutions
Quilvest Limited
Review of Final Statements i.e. Balance Sheet, Profit and Loss Account and
the accompanying Schedules.
Scrutiny of various ledgers i.e. Cash Book, Bank Book, Journal and BRS
Cash and bank vouching, Purchase and Sales ledgers
Checking of fixed assets registers and depreciation there on
Checking the applicability of the accounting standards and Companies Act
provisions.
Physical verification of cash, security items, stock and related records.
Preparation of Management Information System (MIS).
CMA
Class Board/University Institute Year Percentage M.COM Mumbai University Institute of Distance & Open Learning, Mumbai 2012 62
B.COM Mumbai University MMK COLLEGE, Mumbai, India 2010 81
HSC Maharashtra Board CHM COLLEGE 2007 76
AISSE CBSE BOARD Our Own English High School, Dubai U.A.E 2005 82