Management Accounting

Waseem H. Al-Jaafari Résumé

Personal Information

Nationality SYRIAN

Date of Birth 1979.

Marital Status Married with two dependents

Mobile Phone: +966-055 –7788-173

Contacts

Email Address : *******@*****.***

wjafari

Summary and Career Objective

I have more than 10 years of experience in Finance, Accounting, Risk, Internal and external audit services

and looking for a position in a professional environment that would promote personal growth, educational

development, and excellent experience.

Language Skills

English (writing & reading).

Arabic (Native)

Education

BS In Accounting from the College of Economics - Damascus University, 2001.

Citizenship

US Green Card

Professional Certification

Certified Financial Consultant (CFC).

Certified Internal Auditor (CIA) Attendance Certificate – currently working on the exams.

Project Management Professional (PMP), Attendance Certificate.

International Standard Organization (ISO) 27001 Lead Auditor, Attendance Certificate

Training Courses Taken by EY

Course Name Completion Date Grade Status

Risks of Material Misstatement Due to Fraud Throughout the Audit 08-July-12 Pass Completed

Web Based Learning: Conclude the Audit: The Process 19-May-12 Pass Pass

Web Based Learning: Audit Risk Concepts 14-May-12 Pass Pass

2-May-12 Pass Pass

Web Based Learning: Analysis of the Cash Flow Statement

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Waseem H. Al-Jaafari Résumé

Web Based Learning: Analysis of the Income Statement v7 25-April-12 Pass Pass

Web Based Learning: Analysis of the Balance Sheet v5 24-Apr-12 Pass Pass

Asset & Liability Management (ALM) 26-Oct-11 Pass Completed

Web Based Learning: Independence 2011 25-Sep-11 Complete Completed

Class: SOCPA Training - EY Riyadh 16-May-11 Pass Completed

Class: Advisory Immersion Training - EY Bahrain 24-Nov-10 Pass Completed

Class: Annual Professional Development 2010- EY Riyadh 6-Nov-10 Pass Completed

Web Based Learning: Independence 2010 update 14-Oct-10 Complete Completed

Web Based Learning: Analyzing Project Risk 27-Jul-10 Pass Completed

Web Based Learning: AABS - Summary of Audit Differences 19-May-10 Pass Completed

Web Based Learning: CFA 4-Jan-10 Pass Completed

Class: Annual Professional Development - EY Riyadh 2-Nov-09 Pass Completed

Web Based Learning: Independence 2009 6-Oct-09 Complete Completed

Web Based Learning: Independence Policy 10-Jun-09 Complete Completed

Class: SOCPA Training - EY Riyadh 4-May-09 Pass Completed

Professional Experience

Saudi Telecom Company – Internal Audit Manager (Finance) May, 2012 - Present

Responsibilities:

a) Execution of periodic risk assessments for the purpose of defining annually and quarterly audit plans.

b) Align the audit plan, scope and execution with the Audit committee expectations.

c) Direct the successful execution of the audit process ensuring adherence to all required quality standards.

d) Perform all assigned audit duties in manner that reflects the highest professional standards and complies

with management policies and procedures, International Accounting Standards and SOCPA Accounting

Standards.

e) Communicate openly about areas of concern or uncertainty to ensure a high -quality, value-added,

accurate result.

f) Present the internal audit findings and final work products to the Board of Directors and the Audit

Committee.

g) Ensure that Quarterly Financial Statements are prepared with analytical commentary on a timely basis

and review monthly Management’s Financial Reports, financial analysis and financial regulatory reports.

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Waseem H. Al-Jaafari Résumé

h) Review OPEX, CAPEX and cash flow budgets to ensure accurate preparation, adequate control and

variances explanation and reporting.

i) Oversee Treasury Activities by reviewing the financial activities including fund management, investment

plans, cash flow control and timely preparation of banks reconciliations and confirmation.

j) Conduct different internal audit processes to ensure the existence of adequate control over Cash and

Bank, Trade Accounts Receivable, Inventory, Prepayments and Other Assets, Property and Equipment,

Accounts Payable and Accruals, Employees’ Terminal Benefits, Borrowings (loans, overdrafts and other

credit facilities), Revenue, Cost of Sales, General & Administration, Marketing and Other Expenses,

Transaction with Related parties, Litigations and Claims, Guarantees, Commitments and Other Off -

Balance Sheet Items, Agreements and Arrangements, Other Income / Expenses accounts.

k) Monitor monthly accounting closing process ensuring timeliness and underlying accounting records are

accurate, complete and in accordance with accounting standards.

l) Review the adequacy of taken provisions.

m) Review monthly and quarterly reconciliation & confirmations.

n) Supporting the audit work of IT & operation internal audit team.

o) Conduct special projects including investigations in association with the company’s Code of

Conduct.

p) Counsel and develop Individual Development Plans for assigned Counselees.

Ernest & Young (Risk & Assurance Services) – Assistant Manager 2008 –2012

Responsibilities (Advisory Department – Risk Services):

a) Managed several internal audit projects and the team member.

b) Performed a risk assessment for the business units for the purpose of identifying design deficiencies .

c) Prepared Audit Plans on the performed risk assessment.

d) Prepared internal audit programs for each process to be tested.

e) Conducted different kinds of risk remediation aimed to mitigate clients’ risks -related exposures :

Strategic Risk (Organization plans).

Financial Risk (Accounting, Budgeting…etc)

Operational Risk (Sales and marketing, supply chain, HR .etc)

Compliance Risk (compliance with regulatory requirements.)

f) Conducted compliance Audits aim to align current audited practices with management's strategic plan,

objectives, ethics, law and regulations.

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Waseem H. Al-Jaafari Résumé

g) Prepared and updated clients’ corporate governance policies and procedures manuals which represent one

of control keys to assure that the different processes are in accordance with organization overall

objectives.

h) Develop and executed an implementation plan for new control policies and procedures in

conjunction with Management.

i) Developed Audit Guides and audit tests to be performed on key controls to ensure the effectiveness and

efficiency of audit assignments.

j) Facilitated the creation and/or create process flow charts together with related management to facilitate

the identification of controls and key controls.

k) Improved management flow charts to identify and update key controls.

l) Prepared internal controls measurement and assessment.

m) Evaluated the efficiency and effectiveness of clients' systems in use, documentation and filing,

management and financial reports.

n) Prepared financial Analyses, financial studies, and participate in financially part of due diligence

o) Participated in the review of the financial statements, conducted external audit engagements, assurance

review and due diligence.

p) Issued professional audit reports and follows up plans.

q) Assisted in improving clients’ internal audit charter which guide the mission of the Internal Audit

Departments or Internal Audit Engagements and describes the scope of the Internal Audit activi ties,

Internal Auditors responsibilities and authorities, Audit Plans, reporting and enhance the Internal

Auditors independency.

r) Proactively seeking opportunities to lead the company to ”well controlled” by providing support as

appropriate by Provide implementation support for management action plan and develop standard/

periodic training program.

Responsibilities (Assurance Department – External Audit services):

a) Implemented EY’s methodologies and audit software program.

b) Planned and developed audit strategy

c) Examined and evaluated the design, adequacy and effectiveness of the internal control system in order to

assess the control risk.

d) Prepared Audit program which covers all under audit areas in addition to highlight the risky areas by

Tests the effectiveness of the Internal Control at the Entity

e) Prepared the overall analytical review which handle the effective balances (Revenue, G&A,Direct and

indirect Expense, receivables and payables)and analyze the monthly movement to stand on the actual

reasons of the fluctuations came from environment, change in policies, seasons effect...etc’

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Waseem H. Al-Jaafari Résumé

f) Completed our working papers (testing paper) which supported by evidences, checked computations and

documentations refers to the accuracy of recorded transactions and to the compliance with Accounting

Standards Generally Accepted.

g) Finalized client audit file and prepare a final financial statement report as a draft copy to be reviewed by a

higher level in EY.

2003 – 2008

IT Security Training & Solutions- Chief Accountant

I(TS) – is the Middle East’s premier provider of integrated security solutions, security consulting services

and security training & certification curriculum and is ISO 27001 certified. I( TS) is focused on

empowering governments, financial institutions and commercial enterprises in the Middle East to combat

evolving security threats. I(TS) delivers End-2-End Security Solutions (E2S2) that are based on

unrivaled regional knowledge, shaped by industry best practices and designed and implemented by

certified security professionals.

Responsibilities:

a) Reviewed prepared journal voucher for each transaction to ensure accurate posting to general ledger.

b) Monitored Bank Transactions for (Checks, Transfers, LOG and LC).

c) Managed petty cash.

d) Reviewed Purchase Orders and Costumers Invoices and following customers’ collections.

e) Established, maintained, and coordinated the implementation of accounting and accounting control

procedures.

f) Reviewed, investigated, and corrected errors and inconsistencies in financial entries, documents, and

reports.

g) Prepared monthly reconciliations for banks, Accounts payable, receivables and maintaining quarterly

confirmations.

h) Closely maintained and monitored the fixed assets system for monthly depreciations, disposing, and

capitalization procedures for additions, and monthly reconciliation.

i) Planed, managed, coordinated, and implemented (monthly, quarterly and annually) closing processes and

procedures for the assigned accounting records through closing process checklist to ensure accurate cut-

off, Prepaid expense, Accrued expense, Payroll, Earned and Unearned revenue based on percentage of

completion, allocation of indirect operation costs.…etc.

j) Applied cost accounting methods to achieve accurate representation of cost center performance.

k) Assisted with annual budgets preparation.

l) Prepared monthly financial statements (Income statements, balance sheets, cash flows and shareholders

status) to summarize and interpret current and projected company financial position and provides related

financial ratios, comparing to budget and previous period, identify comparison variances and needed

analyzes.

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Waseem H. Al-Jaafari Résumé

m) Prepared monthly comparison for cost centers to planed, aging reports for accounts receivables to

motivate customer’s collection, listed payables’ payments based on priority.

n) Monitored compliance with generally accepted accounting principles (GAAP) and company procedures.

o) Adhered to internal and external deadlines.

Horwath International Certified Public Accountants –Assistant Auditor 2001 – 2003

Responsibilities:

a) Prepared the audit plan.

b) Tested client internal control & system in use.

c) Collected needed evidences (certificates, confirmations, statements, reconciliations, Managements reports

like physical count reports and trail balance report)

d) Finalized the audit file working papers by adding the supporting documents, evidences, tested sections &

recomputed schedules.

e) Checked the adequacy of taken provisions and adjust the inaccurate balances and computations in light of

accepted standards by SOCPA.

f) Participated in stock counts of client inventory & Fixed Assets.

g) Reviewed clients’ internal controls and provided our recommendations for best practice.

h) Prepared draft financial statements.

Memberships and Affiliations

Member of institute of internal Auditors IIA.

Computer Skills

Good knowledge in a wide range of accounting software & ERP Systems

Ms-Office (Excel - Access - Word- PowerPoint).

References

Available upon request

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