Lead Finance Officer - Policies & Internal Controls
Qatar Airways
Total years of experience :18 years, 6 Months
Currently working as Lead Finance Officer - Policies & Internal Controls and reporting to the Manager Finance - Policies & Internal Controls, my responsibilities include:
• Facilitate the Establishment of a sound system of internal controls in line with the COSO Framework.
• Perform risk assessment and prepare Risk & Control Matrices in collaboration with user departments.
• Review process documentation to identify risks and recommend mitigating controls.
• Review internal audit reports and drive the implementation of recommended action plans.
• Review internal controls over financial reporting ensuring controls in place address financial statement assertions.
• Develop corporate and finance policies through stakeholder consultations.
• Provide feedback on control gaps in the development of new systems and processes.
• Provide advice on any recommended changes to Delegation of Authority Manual ensuring adequate segregation in duties.
Currently working as Manager Internal Audit and reporting to the Chief Internal Auditor, my responsibilities include:
• Conducting risk assessments and identifying the controls in place to mitigate identified risks.
• Plan and perform audit procedures to verify that controls are operating through testing and interviewing techniques.
• Analyse and conclude on effectiveness and efficiency of control environment.
• Identify control gaps and opportunities for improvement.
• Review the results of audit work.
• Prepare timely audit reports for executive management, the Audit Committee and the Board of Directors.
• Provide advice on internal control and participate in enhancing internal audit function.
Previously I had also held the position of Controller Budgeting & MIS and was reporting to the Financial Controller. My responsibilities included:
• Preparation of Annual Business plan and monitoring and reporting performance against the plan to the management on a monthly basis.
• Preparation of statutory financial statements on the basis of International Financial Reporting Standards and Companies Ordinance, 1984.
• Preparation of quarterly financial information in accordance with International Financial Reporting Standards and Companies Ordinance, 1984.
• Preparation and reporting of monthly results to management.
• Monitoring capital expenditure against approved budgets and maintenance of fixed assets register.
• Coordinating with printers for publication of annual and quarterly reports.
• Preparation of quarterly ‘Operating Report’ for the Board of Directors.
• Coordination with external and internal auditors.
• Bi-annual update of Three Year Plan for reporting to the Refinery’s management team.
• Calculation and payment of quarterly advance income taxes.
• Monthly Gross Margin projections.
• Preparation of Financial Statements in compliance with International Financial Reporting Standards and the Companies Ordinance, 1984.
• Monthly and quarterly reporting to Metal One Corporation, Japan.
• Facilitation of annual and half yearly audits.
• Monitoring all general ledger activities and validation of Trial Balance.
• Design and implementation of internal controls.
• Secretarial compliances.
• Annual Budget Preparation.
Furthermore, I was responsible for the successful implementation of Sidat Hyder Financials Accounting Software at Aisha Steel Mills Limited being the first time transition of the company’s books from manual ledgers to an automated system through close co-ordination with my team as well as the management of the company.
Execution and completion of all areas of audit in accordance with International Financial Reporting Standards and management and assignment of staff responsibilities.
Cleared all the intermediate level examinations held by the Institute in May 2005 in my first attempt. Completed my articleship period with KPMG Taseer Hadi & Co. Chartered Accountants and passed my final examinations in February 2010.