Muhmmad Jamal
Raleigh,North Carolina
Summary
Professional with several years leading financial planning and oversight in harmony with executives. Seasoned expert with well-rounded background effectively guiding various financial projects and processes. Demonstrated strengths in forecasting, reporting, and special project activities to support executive decision-making. Highly adaptable to accomplish goals in fast-paced environments.
Overview
16
16
years of professional experience
1
1
Certification
Work History
Head Of Finance
AXA Insurance
Dubai
06.2016 - 01.2025
- Appraise the financial position of the Company, anticipates changes, establishes business cases and makes recommendations to the management and the shareholders
- Managing the IFRS 17 Implementation and the Framework for Target Operating Model for the company
- Ensure compliance with regulatory requirements in terms of financial activities and reporting
- Implemented IFRS 9 ECL Model for Accounts Receivables and for Investments Portfolio
- Oversee and directs the budgeting, accounting, taxation, treasury, premium collection activities
- Constant monitoring of key performance indicators of the team and align them whenever required to achieve their goals
- Act as the Secretary of the Investment Committee, drive the investment function of the Company and the financial income, oversees the investment activity, and coordinates the activities of the Investment Committee
- Managed all the relevant Finance related framework for unit link products and providing all the relevant information to the regulators for the product approval
- Report to the CEO, to the Board, to the Shareholders and to Regulators on all financial issues as appropriate
- Optimized cash flow by ensuring timely collection of receivables and proper execution of payment terms for vendors
- Completed month-end and year-end closings, kept records audit-ready and monitored timely recording of accounting transactions.
- Produced detailed reports highlighting key metrics such as ROI, NPV and IRR when evaluating new investments.
- Liaised with banks regarding financing options for new projects or investments.
- Monitored ongoing capital expenditure projects ensuring that spending remains within budget.
- Analyzed financial data to identify trends in revenue, expenses, profitability and other KPIs.
- Managed and developed finance department staff, fostering a culture of continuous improvement and professional growth.
Senior Financial Accountant
Hannover Re
Hannover
04.2012 - 06.2016
- Preparing the Financial statements For Bahrain Branch and Labuan Branch in Malaysia
- Preparing financial reports including trial balance, month end closing, Profit & Loss, Balance Sheet, cash flows
- Preparing negotiation plans of all treaties renewal with the leader and followers
- Preparing all renewal presentations with cooperation with all Underwriting departments
- Building various statistics required for setting treaties (Renewal Time)
- Preparing all Year end technical accounts documents related to Treaty (e.g Profit Commission, Excess of Loss Adjustments & all other accounting requirements)
- Major claims (Cash Losses / Cash Calls) follow up (Intimations, Settlement, recovery) with the Treaty & Facultative Re insurers
- Calculate and monitor insurance loss reserves, ensuring they are accurately valued based on actuarial estimates and relevant accounting standards
- Reserves represent the estimated amount that will be paid out for claims
- Ensure compliance with relevant accounting standards, regulations, and disclosure requirements applicable to insurance companies
- Contribute to the development and implementation of improvements to financial systems and reporting processes
- Analyzed trends in revenue recognition practices across different business units.
- Developed staff expense and reimbursement tracker to reduce user errors and increase reporting accuracy.
Assistant Manager, Accounts and Finance
MAPFRE Re
Bahrain
03.2009 - 03.2012
- Prepare and analyze financial statements, reports, and budgets, ensuring accuracy and adherence to regulatory requirements
- Conduct detailed financial analysis, including variance analysis, trend analysis, and profitability assessment to support decision-making and business strategies
- Handle reinsurance transactions, including premium and claim settlements, and perform reconciliations to ensure accurate and timely processing
- Develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted costs to actual costs in SAP
- Preparing financial reports including trial balance, month end closing, Profit & Loss, Balance Sheet, cash flows and yearly forecast and budget using SAP
- To Assist the External Auditors and Internal Auditors independently, provide them with the reports and information in a timely manner to meet the deadlines
- Supervise and mentor junior finance team members, providing guidance and support in their professional development
Associate Consultant
Ernst & Young LLP
United Kingdom
01.2009 - 02.2010
- Research and Analysis: Conduct research and gather data on industry trends, market conditions, and competitor analysis to support client engagements and decision-making processes
- Assisting in the planning and execution of internal audit projects
- This involves understanding the client's business processes, identifying key risk areas, and helping to develop audit plans and procedures
- Assist in the development and execution of client projects, including project planning, timeline management, and deliverable preparation
- Perform financial analysis and modeling to evaluate business performance, assess investment opportunities, and support strategic decision-making
- Develop and maintain relationships with clients, participating in meetings, and providing ongoing support and communication
- Collaborate with internal and external stakeholders, including team members, clients, and subject matter experts, to gather information, address queries, and facilitate project progress
- Contributing to the assessment of business valuations and financial implications of transactions
- Keeping up to date with industry trends, audit methodologies, and regulatory changes
- Assisted in the development of audit strategies and approaches to address identified risks.
- Assisted in the development of audit programs, including identification of key risks, controls, tests and documentation requirements.
Education
Masters in Finance - Business Administration - Finance
European Business School
London01.2006
Association of Certified Chartered Accountants - Accounting
ACCA UK
Edinburgh01.2006
Skills
- Financial Reporting
- Financial Analysis
- Budgeting and Forecasting
- Risk Management
- Expense Management
- Strategic Planning
- IFRS Standards
- GAAP
- Team Management
- Project Management
- Regulatory and Compliance
- General Ledger Management
- GAAP Knowledge
- Internal Controls
- Investment Analysis
- Capital Budgeting
- Budget compliance
- Budget planning
- Microsoft Excel proficiency
Certification
- Association of Chartered Certified Accountants UK
- Certified Financial Manager
Personal Information
Title: Finance Manager
References
References available upon request.
Timeline
Head Of Finance
AXA Insurance
06.2016 - 01.2025
Senior Financial Accountant
Hannover Re
04.2012 - 06.2016
Assistant Manager, Accounts and Finance
MAPFRE Re
03.2009 - 03.2012
Associate Consultant
Ernst & Young LLP
01.2009 - 02.2010
Masters in Finance - Business Administration - Finance
European Business School
Association of Certified Chartered Accountants - Accounting
ACCA UK
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