CFO
Aljazera Bank
Total years of experience :25 years, 5 Months
Major achievements include:
• Spin off the insurance business from bank activities through an IPO
My work encompassed the following:
• Reporting to Aljazera Takaful CEO and looking after the finance, accounting, investment, and reporting & budgeting.
• Established policies, procedures and controls for the Finance Department.
• Prepared the Investment Policy Statement IPS for the insurance and shareholders portfolios in line with SAMA regulations.
• Prepared 5 years Business plan considering key risks and sensitivity analysis.
• Prepared the annual and periodic Financial Statements in accordance with IFRS.
• Submitted IPO filing documents to the regulators, including the new company organizational & governance structure, insurance portfolio valuation, actuarial reports, financial reporting procedures and monthly working capital statement.
• Crafted the transitional arrangements between the bank and Aljazira Takaful during the spin off including management fees, costs and resource allocation agreements.
• Instructor for Chartered Financial Analyst CFA Level 1 review courses. Curriculum included:
Financial reporting and analysis
Economics
Fixed income
Corporate finance
Portfolio management
Equity
Major achievements include:
• Brought the company in compliance with SAMA regulations.
My work encompassed the following:
• Reporting to the Managing director and looking after the finance, accounting, investment, reporting & budgeting.
• Prepared the Investment Policy Statement IPS for the shareholders portfolio in line with SAMA regulations.
• Managed the company’s cash flow and currency structure.
• Managed portfolio maturity and Asset Liability Matching AML.
• Presented to the board of directors company performance and financial analysis.
• Prepared the annual and periodic Financial Statements in accordance with IFRS.
• Liaison with the external auditors during the annual and periodic audits.
• Coached and trainedthe finance team, contributing to develop work systems and models used in the daily work.
Instructor for the following courses:
Association of Chartered Certified Accountants (ACCA) review course
Chartered Financial Analyst CFA Level 1 review course.
Major Achievements Include:
• Managed the life and non-life insurance portfolios.
My work encompassed the following:
• Reported to the Managing Director and Investment Committee Chairman
• Updated the Investment Policy Statement IPS for the life and non-life insurance portfolios.
• Managed the tactical allocations between different assets classes with the third party fund manager.
• Monitored capital market conditions and itspotential impact on the investments.
• Benchmarkedportfolios performance with the capital markets and peers performance.
• Analyzed portfolio durations, Yield to Maturity YTM, cross currency sensitivity, stress testing and scenario analysis.
• Prepared monthly investment analysis reports to the Investment committee and Allianz Investment Management (AIM) Singapore.
• Conducted independent Valuations and Feasibility Studies
• Carried out numerous valuation assignments and feasibility studies for Greenfield and Brownfield projects, institutions undergoing M&A activities and international companies looking for opportunities in the local market.
• Engagements included development of economic & business analysis, financial
• Preparing annual and interim financial statements.
• Preparing trial balances, closing adjusting entries, bank reconciliations, receivable amortization & aging schedule in addition to preparing depreciation schedules.
How Is a CFA Charterholder Different? The Chartered Financial Analyst® (CFA®) charter is the Global investment industry’s most challenging and most widely respected graduate-level investment credential. Earning it and passing its three challenging and increasingly difficult levels requires hundreds of hours of study over at least three years and demonstrates a commitment to professional ethics and mastery of a comprehensive range of the advanced practices and principles needed in the profession.
Passed all parts from first time
Passed from first time