Professional Leader with over 20+ years of diverse experience mainly in leading GCC Business Groups and Big 4 Accountancy Firms as Chief Officer and Head of Department (Finance, Tax and Audit). Excellent track record of building and turning around Business Units / Divisions performance achieving double digit growth in revenue and reduction in costs with resultant improvement in liquidity and cash flows. As a senior Fellow Chartered Accountant having a total hard core Finance, Audit and Taxation Managerial experience of around 20+years (including around 14 to 15 years in the GCC market). My work experience has given me a diverse exposure to work with the Core Finance & Audit functions of organizations relating to different sectors of the GCC & MENA economies (Car Rental, Real Estate, Hospitality, F&B, Retail, Manufacturing, Automotive Dealerships, Wholesale Distribution, Logistics, Back-Office Shared Services like HR, IT, etc). Expertise in designing and implementing Financial & Operational Solutions with the underlying objective of enhancing stakeholder values. Actively involved in conducting due diligence in the Big 4 Accounting Firms, developed financial models for financing the acquisitions. Extensively travelled and appreciative of diverse cultures, viewpoints, opinions. Fluent in English, Urdu and working knowledge of Arabic. Led geographically dispersed teams to manage Finance and Audit functions for various Business Units across the Group. Service oriented expertise involves Presentations and advice given to clients on technical issues regarding Value Added Taxation (VAT) implementation strategies, executing VAT compliance, Tax planning and internal procedures, VAT Returns, Ensuring completion and compilation of VAT mechanism across the Group, Risk Analysis & Risk Based Audit methodologies, Financial Management & Capital Budgeting Techniques and Technical advice on select International Financial Reporting Standards + International Standards on Auditing.
Two Private Diversified Business Group(S)
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Director Of Accounting And Technology Audit ConsultantTwo Private Diversified Business Group(S)United Arab Emirates
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Director Of Accounting & Technology Audit ConsultantTwo Private Diversified Business Group(S) Apr 2019 - PresentDubai, United Arab EmiratesTo evaluate the design and effectiveness of an organization’s accounting and other systems, assets which includes books of accounts data systems, computer networks and security solutions.Developing an audit plan to evaluate the information systems and information assets of a business.As an audit consultant gaining familiarization with the company’s business objectives and technological processes. Assessment of compliance with legal regulations.Preparation and release of final audit documents - the summary review report, the covering letter to the Client and detailed Investigative Reports on all assignments.Examination of the operating procedures followed in various entities in the client & accordingly, make recommendations to improve internal controls, processes and governance as per best industry practice.Verifying the accuracy of information recorded in the books of account.Conduct of all audit activities and execution of various aspects of the internal audit assignments from the initial planning stage to the finalization stage.As a Consultant usage of data analysis techniques to prepare cost-benefit, return-on-investment and risk assessment reports so as to ensure financial recording accuracy and compliance with established accounting standards, procedures and internal controlsProviding solutions to problems uncovered by the audit and assisting clients with implementation of new controls, technology or personnel training programs.Usage of effective internal audit techniques and audit software tools, including newer established methodsEnsuring that the clients are complying with relevant and applicable laws and codes
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Head Group Internal AuditA.A. Al Moosa Enterprises Llc Dec 2011 - Mar 2019DubaiHEADING AN AUDIT AND INVENTORY TEAM OF 10+ PEOPLE REPORTING TO THE GROUP OWNERS. MANAGING AUDITS ACROSS THE WHOLE OF UAE AND GCC (KSA, KUWAIT, QATAR, BAHRAIN & OMAN). BROAD AREAS OF WORK INVOLVE THE BELOW: Overall planning of audits, initial meetings with clients to understand the expectations and designing audit strategies after assessing the overall audit risk and developing Audit Programs in this regard. Championed group-wide focus on Cost Savings & Revenue Increase for the Clients audited. Achieved cost savings of upto AED 10M with Revenue Growth of upto 25% i.e. AED 15M in the clients. Managing an audit and inventory team comprising of a total of 15 to 20 people. Heading the Group Internal Audit Function with full independent reporting to the Chairman / Owners. Risk based Audits, testing and evaluation of internal controls thoroughly to assess the Control Risk Using latest Audit automation tools like ACL, Arbutus Data Analyzer, etc. Roll out of Audit and Inventory Count schedule prepared for all the group companies to be audited, with a view to maintain optimum utilization of Audit resources in terms of staffing, man days allocation, etc. Monitoring the timely preparation of all audit deliverables including financial statements, internal control memorandum / management letters, Audit & investigation reports, etc. Advisory services to the clients on various accounting, corporate, investigative and financial issues.
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Group Audit And Risk Controller And Finance ManagerGulf Marketing Group Jan 2010 - Dec 2011DubaiHEADING AN AUDIT AND INVENTORY TEAM OF 25 PEOPLE REPORTING TO THE GROUP CHAIRMAN. MANAGING AUDITS ACROSS THE WHOLE OF UAE AND GCC (KSA, KUWAIT, QATAR, BAHRAIN & OMAN). CONDUCTING RISK BASED AUDITS USING LATEST TECHNOLOGIES. Financial Consolidation of all Group entities as per IFRS by 10th working day of the following months Managing a Finance team comprising of a total of 8 to 10 people. Co-ordination with Group entities, IT and consultants to improve process flow Working with end result of achieving budgets with specific emphasis on CAPEX and EBIDA. Rolling out a new Operating philosophy that increased the operating margin from 35% to 54%. Streamlined a business wise reduction in Inventory holding as per the turnover resulting in improvement in cash flows by around 30%. Spearheaded recoveries from debtors resulting in the slashing of outstanding days from 45 to 30 reflecting an improved working capital position. Engaged in all Board matters including Business Strategy, IT strategy (permanent member of the IT Strategy Committee), Franchise discussion and Contract negotiations and Retail Mall negotiations for space Insurance & Banks / Financial Institutions - Co-ordination with the insurers to ensure adequate insurance cover of all assets of the company. Coordination with banks for financing facilities, working capital, etc. Accounting - Verifying Monthly Accruals, Fixed Assets addition, Deprecation Run, Prepaid Expense Allocation, Preparation and retention after approval of necessary journal vouchers to ensure correct accounting and Consolidation in the Monthly, Quarterly, Half-yearly and Yearly Financials.
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Assistant Internal Audit And Finance ManagerAl Tayer Group Llc Nov 2006 - Jan 2010DubaiMANAGING AN AUDIT AND INVENTORY TEAM OF 15 PEOPLE REPORTING TO THE CHIEF RISK OFFICER.MANAGING THE FINANCIAL CONSOLIDATION OF GROUP ENTITIES, INCLUDING MANAGING MONTH END AND YEAR END REPORTING CALENDAR. MANAGING THE BOOKS OF ACCOUNTS FROM BOOK-KEEPING TO ENSURE CORRECT ACCOUNTING, AND CONSOLIDATION IN THE MONTHLY, QUARTERLY, HALF-YEARLY AND YEARLY FINANCIALS. INVOLVED IN THE SHORT AND LONG TERM BUDGETING EXERCIZE.
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Assistant Audit ManagerPricewaterhouse Coopers Uae Oct 2005 - Nov 2006DubaiWHOLESOLE INCHARGE OF MANAGING AUDITS OF MEDIUM TO LARGE SIZED ORGANIZATIONS ACROSS THE UAE REPORTING DIRECTLY TO THE AUDIT PARTNER.
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Assistant Audit ManagerDeloitte And Touche Pakistan Jul 2003 - Sep 2005Karachi, PakistanWHOLESOLE INCHARGE OF MANAGING AUDITS OF MEDIUM TO LARGE SIZED ORGANIZATIONS ACROSS PAKISTAN REPORTING DIRECTLY TO THE AUDIT PARTNER.
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Senior AuditErnst And Young Pakistan Oct 1998 - Jul 2003Karachi PakistanCOMPETED CA ARTICLESHIP AS REQUIRED UNDER THE CHARTERED ACCOUNTANTS BY-LAWS. WORKED AT VARIOUS LEVELS TILL THE LEVEL OF SENIOR AUDITOR.
Omar Hasan Education Details
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Institute Of Internal AuditorsInternal Audit, It -
Information Systems Audit And Control AssociationIt Audit, Controls, Security, Strategy, Etc
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Pakistan Institute Of Public Finance AccountantsAccounting, Business Management, Financial Analysis
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Audit, Finance, Risk, Corporate Governance, It, Supply Chain -
Accounting And Business/Management -
Business/Commerce, General
Frequently Asked Questions about Omar Hasan
What company does Omar Hasan work for?
Omar Hasan works for Two Private Diversified Business Group(S)
What is Omar Hasan's role at the current company?
Omar Hasan's current role is Director Of Accounting and Technology Audit Consultant.
What schools did Omar Hasan attend?
Omar Hasan attended Institute Of Internal Auditors, Information Systems Audit And Control Association, Pakistan Institute Of Public Finance Accountants, The Institute Of Chartered Accountants Of Pakistan, University Of Cambridge, University Of Cambridge.
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Omar Hasan
Ads Operation Manager | Digital Marketing Manager | Account Manager | Content Creator & Developer | Website AnalystAbu Dhabi Emirate, United Arab Emirates -
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Omar Hasan
Dubai, United Arab Emirates
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