Experience

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  KIB

  • MIS Lead Budgeting and Analysis

    • Jan 2021 - Present

    My Role: I am holding the position of a MIS Lead - Budgeting and Analysis, reporting directly to the Senior Finance Manager and General Manager. As a MIS Lead, I am responsible to ensure accurate and timely Corporate Banking reporting. My Main responsibilities:  Preparing departmental MIS of Corporate Banking Group and reporting of financial results to the Top Management on monthly basis including comparison with monthly budgeted and actual results.  Prepare and analyze the daily Portfolio movement of fund of corporate portfolio and investigate abnormal variances.  Prepare and analyze the Monthly Portfolio movement of deposits of corporate portfolio.  Engage in divisional budgeting activity of Corporate Banking and ensure timely allocation of corporate budget to the divisions / Staff including monitoring achievement.  Modeling & analysis of business dashboards to support the decision making process of GM Corporate Banking and Top management.  Monitor and analyze the monthly movement of yield and cost of fund of corporate portfolio and investigate abnormal variances.  Prepare on quarterly basis expected PD, NPL and legal accounts presentation in coordination with divisional heads of Cooperate Banking Department for Provisioning and Impairment committee.  Assist in timely review and update of Corporate Banking Department Policies and Procedure in order to align with current banking practices.  Engage with auditors in the Internal and External and External audit functions and agreed upon procedures.  Engage with implementation teams to ensure successful completion of the system change requirements like core banking system, IFRS reporting infrastructure etc.

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  Central Circle Company

  • Senior Financial Accountant at Central Circle Company

    • Dec 2018 - Jan 2021

    My Role:I am holding the position of a Senior Financial Accountant in the company and directly reporting to the Finance Manager and Chief Finance Officer. As a senior Financial Accountant, I am responsible for leading the accounting team and responsible for all day to day financial matters of the company.My Main responsibilities: Monthly finalization of accounts and reporting of statutory financial statement i.e. income statement, balance sheet &cash flow the same to finance manager and CFO based on International financial reporting standards(IFRS). Preparing divisional MIS of 16 divisions and reporting to the divisional manager and vice presidents on a monthly basisincluding comparison with monthly budgeted and actual revenues and operating expenses. Review and supervised the day-to-day work of accounting department staff. Prepare and supervise the preparation of a variety of complex and special reports. Experienced in SAP to prepare, examine, and analyze accounting records, and extract reports to Management Preparing Audit schedules for yearly & Support any documentation requested by the external auditor. Handle prepaid expenses, accruals, deferred charges, and Fixed assets depreciation schedules and ensure recordingthe figures on a monthly basis. Preparation of annual operating budget and Capex budget in coordinating with other departments and ensuring therealistic figure. Review leave salary settlement voucher and final settlement voucher as per Kuwait Labor Law. Analysis of internal operations and suggest a system to overcome internal weaknesses. The review of the accuracy and reliability of the accounting records.

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  Deloitte

  • Kuwait

  • Senior Auditor

    • Jul 2015 - Dec 2018
    • Kuwait

    • Reporting to the Partner/ Principal, team member of audits primarily involved in providing assurance services to corporate clients from different sectors which include Retail group, Telecommunication, Automobile groups, Investments, Construction, Real Estate and various other trading and Contracting companies.• Perform statutory audit including planning, execution and finalization of various organizations, quarterly reviews and understanding audit requirements for following quality procedures. • Obtain and evaluate the information about the business and its environment for identifying risk areas and analyzing the level of risk involved.• Evaluation of the deficiencies and effective solutions communicated through management letters and working with business owners to remediate them and to enhance the effectiveness and efficiencies of the existing systems.• Assistance to clients on accounting issues involving complex treatments relating to Financial Instruments under IFRS and financial reporting under IFRS and helping them to meet with increased regulatory demands.• Preparation of Financial statements based on International financial reporting standards.• Report on internal controls including systems evaluation, identification and reporting on internal control weaknesses for various internal procedures which includes sales procedure, purchase procedure, inventory control and various other control mechanisms and their rationalization with a view to highlight the shortcomings and implementing necessary recommendations for improvement.• Supervision and review of the work accomplished by the audit staff and reporting to the Senior Manager.

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  CA Sadique T.K and Assocaites

  • India

  • Senior Auditor

    • Apr 2014 - Nov 2014
    • India

    • Led audit teams which comprised 2 to 4 members including qualified and trainee staff.• Assisted Senior Managers/ Partners in finalisation of audits, including issues related to audit to be presented to the management.• Completion of work by assisting the team members for close out of specific areas and ensuring compliance with accounting standards and other statutory compliances.

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  Suresh & Saju Chartered Accountants

  • India

  • Audit Assistant

    • Feb 2011 - Feb 2014
    • India

    • Engagement Management• Client relationship management• Internal Controls Assessment to identify weaknesses in the design, implementation and operating effectiveness of the various controls and to suggest remedial actions to overcome the deficiencies.• Review, preparation and compilation of the financial statements in accordance with the reporting frameworks comprising of IFRS and applicable local laws• Ensuring adequacy of reporting systems• Compliance with management policies and statutory requirements• Reporting to Manager, Senior Manager and Engagement partner depending upon the nature of the assignment• Co-ordination with professionals in various fields like legal, actuarial, system process assurance and IT experts• Decision-making for resolution of critical reportable matters• Provided guidance and supervision to the work performed by the junior members of the team• Interpretation of the financial statements, determining the adequacy and reasonableness of the assumptions used in the preparation of the forecasts provided by the audit clients to obtain evidence about the going concern assumption