MOHAMED F A I S A L
INTERNAL AUDIT EXECUTIVE
DUBAI
Summary
To work as an insurance internal audit department with a leading takaful insurance company and audit Medical claims, Workmen compensation and motor claims.
Strong insurance auditing experience in the Insurance industry. Superior knowledge of insurance laws, policies, and procedures. Ability to investigate and interview witnesses for vehicle accident claims. Excellent analytical, computer, and organizational skills. Skilled in performing audits and presenting reports for the claims process. Excellent people skills, interpersonal, and data entry skills.
2019 - PRESENT
Overview
10
10
years of professional experience
3
3
years of post-secondary education
5
5
Languages
Work History
Internal Audit Assistant
ORIENT TAKAFUL INSURANCE PJSC
Dubai
2019.03 - Current
- Conducted thorough reviews of financial statements, identifying discrepancies and recommending corrective actions.
- Supported implementation of more effective audit procedures, leading to improved internal controls.
- Gained proficiency in using advanced auditing software tools, allowing for more efficient data analysis and reporting capabilities.
- Examining validity of vehicle insurance, referring to technical manuals, and ascertaining what vehicle parts are covered under insurance
- Reading submitted claims and ensuring they are complete and authentic and specified claim amount is accurate
- Reviews quality and completeness of customer due diligence (CDD) and enhanced due diligence (EDD) information in accordance with requirements of AML Policy and Line of Business Procedures
- Prior experience working in AML regulatory, risk, legal, or compliance role asset
- Minimized bad debts by conducting thorough credit assessments for new clients and regularly reviewing existing client profiles.
- Maintained accurate records of all communications related to debtor management for audit purposes.
- Ensured compliance with relevant financial regulations and legislation in all credit control activities.
- Consistently met or exceeded targets set for reducing outstanding balances while adhering to strict deadlines.
- Supported sales teams by providing accurate credit information for new and existing customers.
- Developed strong relationships with sales team members, providing timely and accurate commission updates and addressing any discrepancies promptly.
- Improved efficiency in commission process by optimizing data entry and validation procedures.
Accountant
FIMX MEP ELECTRO MECHANICAL WORKS L.L.C
Dubai
2017.03 - 2019.02
- Managed cash flow effectively, ensuring all company liabilities were met in timely manner and surplus funds were invested wisely.
- Collaborated with external auditors during annual audit process to provide necessary documentation and address any concerns or findings promptly.
- Conducted thorough internal audits to identify discrepancies, recommend corrective actions, and ensure adherence to established policies and procedures.
- Assisted in reducing outstanding accounts receivable balances by diligently following up on overdue invoices.
- Reduced expenses by negotiating with vendors for better pricing and terms on services and supplies.
Accountant
SAUDI BUILDING TECH MAINTENANCE COMPANY
Riyadh
2014.04 - 2016.06
- Daily accounting and Petty cash management.
Maintenance of daybook and ledger. - Preparation of Trial Balance & Accounts
Finalization. - Verification of Cash Book, Bank Book, and
Journal Voucher Register. - Reconciliation of creditors
Making timely payments for suppliers. - Checking & Verification Invoices pertaining to
Expenses. - Preparation of monthly bank reconciliation.
Education
Bachelor of Commerce -
Bharathidasan University
Tamil Nadu 2011.03 - 2013.03
Commerece -
Pattukkottai Alagiri HRSS
Tamil Nadu 2009.03 - 2010.05
Skills
Internal Controls
undefinedAwards
The Ultimate Contributor Award, 2022
Timeline
Internal Audit Assistant
ORIENT TAKAFUL INSURANCE PJSC
2019.03 - Current
Accountant
FIMX MEP ELECTRO MECHANICAL WORKS L.L.C
2017.03 - 2019.02
Accountant
SAUDI BUILDING TECH MAINTENANCE COMPANY
2014.04 - 2016.06
Bachelor of Commerce -
Bharathidasan University
2011.03 - 2013.03
Commerece -
Pattukkottai Alagiri HRSS
2009.03 - 2010.05
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