Management Insurance

Personal statement

A number of key elements are required to be blended together in order to pursue a

successful career. These include professionalism, passion, determination, improvisation,

consistency and strong communication skills. Further, a working environment where a good

professional relationship could exist with the staff and employers alike is essential along with

an added fragment of diversity.

My fundamental attributes include strong communication skills, ability to be proactive and to

adjust in a diversified environment. My eight years practical experience has given me

considerable exposure of working in different sectors of economy with distinguished sort of

financial and corporate environment. I have a strong belief that in future, as my career

progresses so will my knowledge and abilities progress resulting in the associated

organization to benefit fully from it.

Although all businesses are challenging, my experience and education enables me to deliver

beyond my employers’ expectations. With my desire, motivation, and dedication I am

convinced that I can make a positive contribution to any organization.

I hope the above mentioned details would give you a general idea of my abilities and

interests in order for you to give me a chance to serve your esteemed organization and prove

myself. It is my strong intuition that I have got the goods and I can only offer you my best.

Enclosed herewith please find my résumé for your perusal

AHMAD UMAR TAHIR

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aHMAD uMAR TAHIR

Address: P.O. Box 62305, Roza Apartments, Opposite Oliyah Saudi Post, Riyadh, Saudi Arabia.

Voice +966-***-***-***

E-mail: **************@*******.***

CAREER OBJECTIVE

Professional and academic growth with constant learning, in a competitive environment, which would recognize my

experience, my educational and communication skills.

PROFESSIONAL AND ACADEMIC QUALIFICATION

Institute Qualification Year of Passing

Institute of Chartered Accountants Qualified Chartered Accountant 2012

of Pakistan (ICAP)

Chartered Financial Analyst CFA – Level III candidate. Passed two levels out of a

total of three.

University of Peshawar Bachelor of Sciences (Mathematics as a 2004

major)

1999

Federal Board of Intermediate Higher Secondary School Certificate –

and Secondary Education, Pre Engineering

Islamabad.

1997

Federal Board of Intermediate Secondary School Certificate

and Secondary Education,

Islamabad.

WORK EXPERIENCE

Allianz Saudi Fransi Cooperative Insurance Company From August 2009 till date

Allianz Saudi Fransi, a Cooperative insurance company, was established in 2008 as a joint venture between Banque

Saudi Fransi & Allianz group. Allianz Saudi Fransi is a multinational company and currently stands as the fifth largest

Insurance Company in the Kingdom of Saudi Arabia.

In Allianz Saudi Fransi, I am working as a Reporting & Investment Manager. My job responsibilities entail the

following;

• Preparation of quarterly and annual financial statements as per International Financial Reporting Standards

(IFRS) and in consideration of the insurance regulatory requirements of Saudi Arabian Monetary Agency

and Capital Market Authority.

• Heading the investment function of the company that inculcates the management of the shareholders and

policyholders investments. The Investment Portfolio of the company stands at around 684 million SAR as of

June 2013.

• Managing, administering and organizing the trial balance of the company’s head office and its seven

branches.

• Establishing liaison with external auditors with the aim to manage quarterly reviews and annual audits.

• Assisting the management in the preparation of Annual performance Budgets and forecasts.

• Performance management through the comparison of actual vs. planned results on a monthly basis.

2

• Coordination with external zakat and tax advisers for quarterly zakat and tax provisions and regulatory

returns.

• Assisting the tax adviser in the filing of zakat and tax returns by the provision of the relevant information with

reference to the completion of review work required to execute the filing process.

• Reviewing the monthly withholding tax returns for accuracy, completeness and consistency.

• Execution of thorough analysis on potential investments (financial statements, earnings growth,

shareholding structure, ratings etc of the issuer) with the aim to evaluate investment opportunities and

assisting the management in identification of appropriate & worthwhile investment avenues.

• Administering investments with the aim to achieve adequate returns, appropriate portfolio diversification

while giving due consideration to the risk/return profile of the company.

• Managing investments in the light of regulatory requirements of Saudi Arabian Monetary Agency and the

internal investment guidelines.

• Supervising the preparation of the regulatory authorities (SAMA, CMA) monthly, quarterly and annual

financial reporting forms.

• Preparation of the cash flow model for the company so as to administer adequately the liquidity and short

term solvency of the company.

• Reviewing and approving the accounting tasks of senior accountants and account assistants that entail

passing of accounting entries into the system, scanning of general ledgers for irregular entries and approval

for the creation of new codes into the system.

• Administering the application of Asset liability management function to the operations of the company.

• Developed and executed Solvency model in line with the local regulatory requirements to assess the

adequacy of net admissible assets over the required solvency margins.

• Supervising on monthly basis the ageing of account receivable balances and the calculation of doubtful

debts provision in line with the insurance regulatory requirements.

M. YOUSUF ADIL SALEEM & CO. (MYASCO) From November 2004 to June 2009

MYASCO is a member firm of Deloitte Touche Tohmatsu (a part of Big Four), having the most advanced

knowledge databases, technical guidance, training opportunities and latest audit and quality assurance standards.

Four years mandatory article ship period in Audit and Assurance, as required by the Institute of Chartered

Accountants of Pakistan (ICAP) was completed in November 2008. Responsibilities vested on me include initiation,

execution and finalization of audits, review and supervision of work of audit team, to ensure compliance with the

regulatory requirements and International Financial Reporting Standards, to act in coordination of audit manager and

engagement partner, discussions with clients’ top management on key issues, etc.

Audit Trainee / Senior

From November 2004 till June 2009, I have been involved at the following clients, working at various levels,

requiring frequent interaction with the client management, audit managers and engagement partner:

CLIENTS (In Pakistan)

Audit:

1. State Bank of Pakistan Financial Services - Central Bank

2. NIB Bank Limited Financial Services - Commercial Bank

3. AKD Opportunity Fund Mutual Fund – Asset Management

4. Adamjee Insurance Limited Financial Services – Insurance

5. PICIC Growth Fund Mutual Fund – Asset Management

6. PICIC Investment Fund Mutual Fund – Asset Management

7. PICIC Energy Fund Mutual Fund – Asset Management

8. First Paramount Modaraba Financial Services – Islamic financing

9. Siddiq Sons Denim Mills Limited Consumer Discretionary - manufacturing

10. S.G Power Limited Power Generation (Captive Power Plant)

CLIENTS (UNITED.ARAB.EMIRATES)

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Work experience with Deloitte – Abu Dhabi

With reference to my work experience in Deloitte Abu Dhabi, I have been involved in the Audit and financial

statements preparation of the following clients:

1. Abu- Dhabi Aviation Consumer Discretionary – services

2. F. B Generation Services Energy

3. Abu Dhabi Motors Consumer Discretionary - manufacturing

4. Site Technology Building and construction

5. Aloe- Vera, UAE Fast moving consumer goods

6. Al Ain Mall Building and construction

7. Vision Hotel & Apartments Services

CLIENTS (Kingdom of Saudi Arabia)

Work experience with Deloitte – Riyadh (Bakr Abu AlKhair & Co)

With reference to my work experience in Riyadh Deloitte, I have been involved in the Audit and financial

statements preparation of the following clients:

Audit:

1. Al- Drees Petroleum & Transport Services Company Limited. Energy

2. Absal Trading & Contracting Company Limited. Building and construction

3. Saudi Vitrified Clay Pipe Company Limited. Industrial Investment

4. IN- Saudi Insurance Company. Insurance

5. Abdul Latif Jameel Import & Distribution Company. Consumer Discretionary - manufacturing

6. Arabian Diagnostic & Medical Company Limited. Health Care

7 Sumitomo Corporation Real Estate Development company

Details of experience gained in Audit Firm:

Application of various accounting, auditing and statutory pronouncements such as International Financial

Reporting Standards (IFRSs),International standards on auditing (ISAs), Companies Ordinance 1984 (Pak),

NBFC Rules 2003 and Regulations 2007 (Pak), Income Tax Ordinance 2001 (Pak), Prudential Regulations issued

by the central bank for commercial banks working in Pakistan regarding the policies and disclosures contained

within the financial statements.

Assessment of audit risk associated with the clients and determination of overall audit approach.

Planning and performance of tests of controls and application of results on the substantive procedures.

Preparation of Business Process Understanding and SWOT (Strength, Weakness, Opportunities, Threats) for

organizations operating in various industries.

Review and evaluation of audit procedures and their results.

Supervision of audit team and review of the work performed by the audit assistants.

Identifying internal control weaknesses and addressing them for operational enhancements,

Ensuring quality of services to the clients and their satisfaction to the services provided.

• Carrying out of audits in accordance with the local statutory requirements and in requisites with Deloitte

Audit Approach Manual, used by all Deloitte Touche Tohmatsu offices throughout the world.

Preparation and discussion of management letters, letters to the Board of Directors and other communications to

the higher management.

Conducting special purpose engagements.

Assignments for compliance with the Code of Corporate Governance issued by the Securities and exchange

commission of Pakistan.

Assignments relating to taxation of individuals and corporate.

PROFESSIONAL TRAININGS

4

Attended the following professional development courses organized by M. Yousuf Adil Saleem & Co. – Chartered

Accountants and Allianz Saudi Fransi Cooperative insurance company;

3 Day workshop on Asset Liability management for corporate entities in Cairo, Egypt.

Deloitte Audit Approach training for Audit Seniors

Deloitte Audit Approach training for Audit Semi-Seniors

Deloitte Audit Approach training for Audit Assistants

International Financial Reporting Standards

Deloitte Ethical Considerations

Various AS/2 (Global audit software for Deloitte) trainings

Computer Course of Practical training (CCPT)

Presentation Skills Training Course (PSTC)

STRENGTHS:

Quick learner, Initiator, creative and innovative

Strong professional and academic background

Involved in diverse industry audits

Strong presentation skills

Coaching / supervising skills

COMPUTER SKILLS

Have excellent hands on skills in Microsoft Office applications and internet

Worked on Audit System-2 (AS/2) developed by Deloitte to document audit work

Adequate knowledge of Insurance Management system.

INTERESTS

Playing sports, watching movies, reading and watching informative articles.

PERSONAL DATA

Father’s Name: Muhammad Tahir

Date of Birth: January 31, 1981

Marital Status: Married

Languages: English, Urdu, Pashto & Punjabi.

REFERENCES

Will be provided on request.

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