Senior Accountant
Oman Insurance
Total years of experience :10 years, 1 Months
Carrying out billing, collection and reporting activities and recording transactions in the system accordingly.
Making payment to the brokers for commission and
claims made after reviewing policy documents and claims team affirmation.
Making follow-ups for major receivable amounts and generating monthly aging reports.
Checking and verifying invoices before payments made to procurement and making sure that quotations are attached.
Generating monthly metrics and analysis report for the senior management to make decisions on debts which have crossed the aging limits and payments which are delayed for any reason.
Updating chart of accounts and transactions in Oracle and making sure the correct data is posted in the Management Information System (MIS) and also liaising with financial reporting manager in order to finalize the quarterly financial statements.
* Monthly reconciliations of Collection reports and Payment reports to Bank Statements of all the 7 companies of Pathfinder Group.
* Checking the payments of South-region by comparing the prices with the market and checking the quotations attached to the PORs,
verifying the integrity and accuracy of payment.
* Performing operational and surprise audits to different branches, taking crucial observations and reporting them to the senior
management.
* Performing operational and surprise audits to different branches, taking crucial observations and reporting them to the senior
management.
* Verification of Medical claims by confirming the appropriate and agreed rates with the panel hospitals before the payment is
released to the deceased/affected.
* Applying “Test of Controls” on all the controls set up by the Audit department, taking observations of any flaws and discrepancies
and mentioning suggestions and corrections in the Quarterly audit report.
* Processing the insurance claims to NICL and taking follow-up for unsettled claims.
* Co-ordination with AON and MARSH regarding pending claims and providing those data to solve queries and settling the claims.
* Maintaining the records of payment of premium to all the brokers.
* Creating the effective SOPs of handling Cargo, Marine and Baggage liabilities.
* Audit of Sales, whether appropriate sales figure and taxes were taken in the general ledger.
* Reconciliation of refunded tickets from refund vouchers to report generated from SABRE and AVRA.
* Preparing Monthly performance report for the Refund and Sale Section of Revenue.
* Performing regular payments to local suppliers including preparation of payment authorities and cheques using COSSAP software.
* Performed External Audit assignments on various clients both listed and non-listed.
* Verification of client’s compliance with SECP and FBR by checking its tax returns and the company’s operational activities.
* Formal communication with Manager Accounts about material issues highlighted during the audit and finding a solution.
* Formal communication with CFO if there are issues in the Financial Statements which are both material and pervasive and discussing
the impact of the change in the Audit opinion.
* Making of Management Letter and suggesting the management about the control weaknesses identified and suggesting them with a
better and effective control activity.
* Performing “Beneish M-score” model approach to identify the manipulation of earning made by the client and identifying the risk of
fraud.
* Performing Analytical procedures at the client in accordance with ISA 520 and taking an understanding of the client’s financial
position and risks in accordance with ISA 315.
I have opted Advance Audit & Advance Tax as my optional subjects. I have only 1 last paper remaining out of total 14 papers of ACCA. I will attempt this last paper in june 2016.
Bachelors Of Commerce (B.com)