Life Insurance Accountant

SHAMBHU PRASAD MARASINI

E-Mail: ***************@*****.***, Mobile: +974-********

Current Address: Doha, Qatar

Transferable Residence Permit with NOC

Couples extensive financial and auditing knowledge, expertise in independent, objective assurance and consulting activities designed to add value and improve organization's objectives

AREAS OF EXPERTISE

Risk Based Internal Audit

External Audit

Financial Reporting

Budgeting / Forecasting

Cash Flow management

Taxation

Working under GRC

ISO and OHSAS Audit

Data Analytical skills

Knowledge and Working experience of Value Added Tax (VAT)

PROFILE SUMMARY

Chartered Accountant with 9 years of experience in internal/external audit and financial reporting activities.

4 years internal auditing experience in Trading and manufacturing business in Qatar.

Internal auditing experience in life insurance Company under GRC software.

External auditing and financial reporting experience in various sectors of industries.

An excellent understanding of auditing techniques.

Expertise in Risk Based Internal Audit of various organizations.

A committed auditor with ability to generate effective auditing procedures and implement for identification of existing internal control risk in organization and recommendation of best control to mitigate risk.

Areas of expertise include the ability to logically research and resolve issues and problems, track and manage schedules and special projects, and meet scheduled deadlines.

Excel at interacting with individuals at all levels to ensure that organizational goals are attained.

Abilities in identifying the loopholes in system to ensure that there is no leakage in revenue and adept in taking adequate measures to monitor inflow / outflow of funds towards accomplishment of company objectives

Experience in external audit and ensuring compliance with Financial Reporting Framework and regulatory provisions

Working experience of Tally, ERP (MS AX Dynamics) and well versed with MS Office.

Knowledge of Modern Accounting Systems & Standards (IFRS) in preparation of Balance Sheet, Profit & Loss Account with Supported Schedules / Statement and Reconciliation Statements.

Analytical, meticulous and quality-oriented professional with an eye for details.

Professional Experience

INTERNAL AUDITOR (AUG 2015 TO PRESENT)

Nehmeh Corporation, Qatar

(Construction equipment trading, Manufacturing, Hospitality and I.T)

(http://www.nehmeh.com, http://www.exoda.com, http://californiatortilla.qa)

Roles and responsibility:

Conduct assigned audit engagements successfully from beginning to end.

Took responsibility of assignment for audit and reporting in compliance with IIA standards.

Identification of issues, analysis of business impact and communication to management.

Ensure audit conclusions are based on a complete understanding of the process, circumstances, and risk.

Develop audit programs and testing procedures relevant to risk and test objectives.

Obtain and review evidence ensuring audit conclusions are well-documented

Ensure adherence at all times to all applicable department and professional standards

Organize personal effort to be risk-based, productive and efficient audit at all times.

Draft audit report for review by manager.

Make recommendations on the systems and procedures being reviewed; report on the findings and monitor management's response and implementation.

Regular surprise check of cash, inventories and other operational discrepancies of different unit and department.

Ensure adequate focus on personal professional growth relevant to taking on more challenging assignments, in line with standard audit career progression – proactively seeking relevant Education and training opportunities.

Working on Microsoft AX Dynamics for review of company operational and financial data.

OFFICER, INTERNAL AUDIT DPT. (MAY 2014 TO MAR 2015)

METLIFE NEPAL

(Branch of MetLife Inc. USA, World’s leading Life Insurance Company)

(http://www.metlife.com.np/)

Roles and responsibility:

Performed internal audit and process improvement review of operational and regulatory process of the following department: Underwriting, Claims, Investment, commission audit, Anti-money laundering audit.

Identified key financial, regulatory and operational risk based on walkthrough of key business processes.

Prepared Risk Control Matrix, Management fact sheet of finding and issued draft and final report.

Conducted all auditing work into the GRC (Governance Risk and Control) system.

Assisted regional audit team on quarterly planning and risk assessment process.

Scheduled and lead meeting with process owner to discuss potential discrepancies and requesting of management action plan and target date.

Followed up of issue within target date and closing of issue after review of evidence for implementation.

Successfully completed special assignment and investigation of fraud on the request from management.

Identified significant observation on operational and legal regulatory matters and implemented successfully.

EXTERNAL AUDITOR (MAY 2013 TO MAR 2014)

T R UPADHYA & CO., CHARTERED ACCOUNTANT

(Leading audit and assurance firm in Nepal, affiliated to KPMG)

(http://www.trunco.com.np/)

Roles and responsibility:

Planned and conducted financial audits to confirm financial statements are fairly presented in alignment with IFRS.

Tested internal controls to ensure effectiveness, and generated comprehensive reports on audit findings, including identification of financial information material misstatements or severe control deficiencies and recommendations on improvement of internal control.

Analyzed, reviewed and assessed reliability and fairness of clients’ financial statements.

Produced detailed reports and recommended internal control improvements to enhance organizational efficiency and support client service and growth targets.

Prepared VAT returns of clients and submitted to tax authority.

Acted as audit team leader and assignment of responsibility.

Supervises junior auditors assigned to engagements providing guidance and overall review of deliverables.

Timely completion of the task assigned.

EXTERNAL AUDITOR (SEP 2008 TO MAR 2012)

BASANT RAM & SONS, CHARTERED ACCOUNTANT

(Audit and Assurance firm in New Delhi, India)

Roles and responsibility:

Conducted statutory and tax audit of various organizations as a team member and team leader.

Prepared audit programs by defining time limits and allotted responsibilities to team members

Audited the organization's balance sheet, profit and loss statements and ledger accounts.

Conducted financial audits to assure financial statements are fairly presented in alignment with Indian Accounting Standard.

Provided complete, accurate, and unbiased reports on audit findings to the clients.

Identified and communicated accounting and auditing matters to seniors and managers.

Prepared management representation letter and draft audit reports for management review.

Perform analytical procedures/analyses to detect unusual financial statement relationships.

Major Employment Achievements

Able to find various significant observations in Nehmeh which helped to improve organizational operations.

Able to find monitory fraud conducted by employee.

Able to find significant amount of cost saving in Nehmeh Corporation.

Consistently achieved annual goal and recognized excellent performed employee all year in Nehmeh.

Awarded employee of the department for 2017.

Able to make critical rating report in MetLife Nepal, Antimony Laundering Audit and got appraisal from south Asian regional teams.

IT Skills

Well versed MS Office for report writing and data analysis.

Working experience on Tally, Microsoft Dynamics ERP and GRC (Governance, Risk and Control) system

Education

2014 Bachelor of Commerce in finance (B.Com.) from Tribhuvan University (TU), Nepal.

2012 Chartered Accountant from the Institute of Chartered Accountants of India (ICAI), New Delhi, India.

2006 High school (Science) from Higher Secondary Education Board (HSEB), Nepal.

Certification/Membership

Registered for Certified Internal Auditor (CIA) Part -1 Exam at Institute of Internal Auditor, Membership No. 1800279

Certified member of Institute of Chartered Accountant of Nepal (ICAN), Membership No. 842

Certified member of Institute of Chartered Accountant of India (ICAI), Membership No. 530179

Trainings/Seminar

Attended:

oVarious in-house training from Nehmeh Corporation, for example Time management, Stress management, Health & Safety, Leadership Skills, analytical skills, Critical thinking and decision making etc.

oAttended various seminar conducted by Institute of Internal Auditor, Doha chapter in Qatar.

oInternal audit methodology training, AML compliance training from MetLife Nepal.

oGeneral Management and Communication Skills training by The Institute of Chartered Accountants of India

oCertificate in compulsory computer training from ICAI.

Personal Details

Date of Birth: 1st June 1987

Languages Known: English, Hindi and Nepali

Address: Doha, Qatar

Marital Status: Married

Driving License: Qatar Driving License

Passport Number: 07156113

Nationality: Nepali

Location Preference: Qatar, UAE, Bahrain, Oman, and others

References

Available on request

Contact this candidate