Abdulwahab Yusuf Simpah, Msc, Fmva Email & Phone Number

Doha, Qatar

Preparing Quarterly and annually Qatar Central Bank (QCB) financial stability ReportsPreparing monthly QCB insurance receivables ageing, adequacy testing and compliance reportsEnsuring accurate reporting of all insurance operations’ revenues and expenses (accruals/deferrals). Conducting in-depth analysis of financial results and providing commentaries for reviewExamining and evaluating financial and information system, recommending reliable control systemsEnsuring compliance… Show more Preparing Quarterly and annually Qatar Central Bank (QCB) financial stability ReportsPreparing monthly QCB insurance receivables ageing, adequacy testing and compliance reportsEnsuring accurate reporting of all insurance operations’ revenues and expenses (accruals/deferrals). Conducting in-depth analysis of financial results and providing commentaries for reviewExamining and evaluating financial and information system, recommending reliable control systemsEnsuring compliance with accounting best practice, international standards and regulations.Providing and implementing a robust and effective finance and reporting infrastructures.Reviewing financial instructions, suggested modifications, and monitoring its implementationMaintaining good relationship with bank officials and exchanging information with regulators.Compiling and filling corporate tax to General Tax Authority (GTA) Successfully filling monthly withholding (WHT) in the Dhareeba system of (GTA)Ensuring compliance with government tax laws related to withholding tax.Proudly compiling and submitting financial data to credit rating which earned the company B+ and A+ from AM Best and Moody’s Acting as a point of contact for internal and external audits and implementing audit recommendations Clarifying all technical reserves calculations to auditors during all audit phasesCompiling and presenting audit findings and suggesting practical business improvementCoaching (7) Junior staff on ad-hoc reporting, new system implementation and data migrationSupporting junior team and colleagues in problem areas and finding effective solutionsProviding guidance to team on quality customer services delivery to our clients at touch points.Building and engaging workforce through leadership, talent development and collaborationsConducting interviews, trainings, evaluating and appraising junior accounting staff. Reviewing the RV, JV, PV posted by junior team and approving entries in the Bank Payment gateway Show less

Qatar

Preparing monthly, quarterly and year-end financial reports and variance analysis Successfully initiating and implementing monthly, quarterly and annual financial closing from 2015Preparing monthly Expenses, accruals, prepayments reports and reclassifications in the ledger accountEnsuring accurate flow of data from sub-ERP and other system to the main finance modulesReviewing ERP functions and identifying opportunities for efficient automationLeading the preparation of… Show more Preparing monthly, quarterly and year-end financial reports and variance analysis Successfully initiating and implementing monthly, quarterly and annual financial closing from 2015Preparing monthly Expenses, accruals, prepayments reports and reclassifications in the ledger accountEnsuring accurate flow of data from sub-ERP and other system to the main finance modulesReviewing ERP functions and identifying opportunities for efficient automationLeading the preparation of financial reports and reconciling accounts with the general ledger Preparing, Reconciling and Monitoring supplementary schedules of all technical reservesPerforming all payable and receivable and GL operations monthly including analysis of Aging reportsVerifying and ensuring accuracy of financial transactions posted to correct GL account Preparing adjustment manual JVs to the general ledger where necessary.Overseeing the amortization schedule for fixed assets register and monthly depreciation scheduleAligning general ledger accounting to support budgeting and forecasting Show less

Doha, Qatar

Job Responsibilities:Evaluated the basic credit master and the information declared by the customerEnsured compliance of KYC process for customer account creation Performed credit investigation and processed customer credit applicationPrepared collection reports and discussed with Credit CommitteeMaintained and ensured vendors’ compliance with credit maturity and receivable policiesEnsured validity and safe keeping of bank guarantees and performance bondsAccurately… Show more Job Responsibilities:Evaluated the basic credit master and the information declared by the customerEnsured compliance of KYC process for customer account creation Performed credit investigation and processed customer credit applicationPrepared collection reports and discussed with Credit CommitteeMaintained and ensured vendors’ compliance with credit maturity and receivable policiesEnsured validity and safe keeping of bank guarantees and performance bondsAccurately and timely checked the ageing report to ensure credit limit not exceeded predefined limitsTook prompt actions including legal, on bounced cheques and unauthorized credit cards paymentsManaged cash flow by monitoring bank balances and cash requirements.Ensured accurate and timely reconciliations of ledger, bank and inter-company accountsReviewed payment voucher and ensured compliance with signatories and workflow. Prepared schedule for allowance for doubtful accounts (if necessary).Properly managed the accounts of over 30 reinsurance, 20 brokers and 100 direct clients Followed up on customer for overdue balance and prepared demand letters.Prepared daily and monthly collection report and continuous account reconciliations with clientsEnsured accurate reporting of all insurance operations’ revenues and expenses (accruals/deferrals). Recommended and maintained system of policies and procedures for adequate level of control. Handled and managed payments to over 200 garages, 10agencies and 150 Medical providers Successfully implemented payments systems through direct banking gateways.Reviewed payment voucher and ensured compliance with signatories and workflow. Show less

Qatar

Job Responsibilities:Prepared monthly reconciliations of reinsurance ceded balances payable and loss recoverablePrepared surplus line statistical reporting of policyholdersProduced and transmitted periodic ceded reinsurance statements to brokers and reinsurersPrepared and coordinated treaty and warranty payments and claim recovery Calculated and ensured adequate month/year end technical reserves OCR, UPR, IBNR, DAC are maintainedReviewed and Journalized technical… Show more Job Responsibilities:Prepared monthly reconciliations of reinsurance ceded balances payable and loss recoverablePrepared surplus line statistical reporting of policyholdersProduced and transmitted periodic ceded reinsurance statements to brokers and reinsurersPrepared and coordinated treaty and warranty payments and claim recovery Calculated and ensured adequate month/year end technical reserves OCR, UPR, IBNR, DAC are maintainedReviewed and Journalized technical reserves for account closing Recorded cash calls, warranties and reconciled treaty, facultative and brokers accounts.Communicated and exchanged unreconciled policy documents/invoices with brokers and reinsurers Monitored the creation of client accounts, set credit limits, activated/deactivated client information Analyzed and processed claims payments in line with cash flowsRecorded premium and loss accounts including XLS, MNDP, Ex-gratia and yearly portfolio entrance and withdrawalLiaise with head of insurance department on incoming applications, business and relationship improvement Handled quarries, verified declarations from policyholders, brokers and reinsurers in professional and excellence manner Compiled and Maintained financial compliance instruments such as KYC, AML, Fraud test Show less

Doha, Qatar

Ensured that all daily collections are banked daily and cash accounts reconciledEnsured all payments with credit cards are posted and bank charges maintained recordedTracked and recorded all insurance policies issued and paid onlineReconciled suppliers, broker accounts and credit card balancesManaged daily petty cash expenses, cash disbursements and replenishment in line with budgetPrepared monthly Expenses, accruals, prepayment reports and journal EntriesPrepared… Show more Ensured that all daily collections are banked daily and cash accounts reconciledEnsured all payments with credit cards are posted and bank charges maintained recordedTracked and recorded all insurance policies issued and paid onlineReconciled suppliers, broker accounts and credit card balancesManaged daily petty cash expenses, cash disbursements and replenishment in line with budgetPrepared monthly Expenses, accruals, prepayment reports and journal EntriesPrepared monthly reconciliations of bank accounts, payable and loss receivable accountsChecked daily bank transactions and prepared cash reportsEnsured that all corporate clients are promptly and accurately invoicedPrepared financial documents such as payment vouchers, receipt vouchers, journal vouchers.Reviewed customers request and provided urgent responses according to best practice standards. Ensured compliance with anti-money laundry (AML) policies and QCB regulationsManage cash flow by monitoring bank balances and cash requirementsManaged and maintained records and documents fillings Show less

Qatar

Handled and executed insurance agreements with insurance companies and brokersPrepared insurance documents, policy certificates, endorsements, schedule, invoice, cover notes.Documented and compiled underwriting manuals and contracts.Reviewed new contracts and business requests of insurable items and coverage.Approved reinsurance share of excess of loss policies and treatyEnsured claim reports complied with policy coverage and insurance terms and conditionsManaged the… Show more Handled and executed insurance agreements with insurance companies and brokersPrepared insurance documents, policy certificates, endorsements, schedule, invoice, cover notes.Documented and compiled underwriting manuals and contracts.Reviewed new contracts and business requests of insurable items and coverage.Approved reinsurance share of excess of loss policies and treatyEnsured claim reports complied with policy coverage and insurance terms and conditionsManaged the disposal of salvage and damaged properties.Ensured compliance with Know Your Customer (KYC) form and AML policies.Performed risk assessments, data analytics and financial review and updated client data base Handled and executed insurance agreements with insurance companies and brokersHandled quarries, verified declarations from policyholders, brokers and reinsurers in professional and excellence manner Show less

Qatar

Customer Services (Summer Internship)Delivered the highest level of Customer Service to all clients at touch pointsPrepared product or service reports by collecting and analyzing customer information through the Know Your Customer Form (KYC).Opened and Maintained customer accounts by recording and updating account information.Maintained financial accounts by processing customer adjustments.

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Higher National Diploma, Arabic Language And Literature