SAIF MOHAMMED
Al Wakrah
Summary
To be associated with a progressive organization that gives me scope to update my skills with the latest technologies and contribute them to the continued growth and success of the organization and gain satisfaction there off.
Financial expert with seven years overall experience in diverse industries including banking, retail and financial services. Proven expertise in Nostro reconciliation, suspense account reconciliation and financial reporting and customer relationship management.
Overview
7
7
years of professional experience
Work History
Reconciliation Officer
Doha Bank
04.2023 - Current
- To attend job activities required to maintain auto-reconciliation system on daily basis
- Discuss/liaise with the IT and system vendor related to any error/failure (as and when it occurs) and support implementation/modification of the Reconciliation system
- Review & attend the manual matching of items outstanding in the accounts assigned, based on the matching criteria agreed/defined
- Identifying and reporting missing MT 940 & MT 950 SWIFT messages to the Nostro banks
- Identify and provide un-reconciled items which are to be rectified, to the relevant Dept
- /Branch in compliance with the escalation matrix defined in the Policy & Procedures
- Identify and update the Manager, and the relevant Dept
- /Branch and Treasury Back Office, regarding outstanding items in large amounts, to take appropriate action
- Identify and update the Manager, and the relevant Dept
- /Branch regarding outstanding transaction items / amounts of abnormal nature, to comply with operational risk, audit & compliance requirement
- To attend queries raised by branches on DD/TT issued, or other transactions
- Prepare monthly reconciliation report of the Qatar Central Bank account, in compliance with regulatory reporting requirements, if assigned
- Attend/assist in the preparation of monthly reconciliation age analysis report for review by the Management
- Provide input and assistance during various audits and implementation of necessary audit recommendations
- Study and provide feedback on issues related to transaction remarks/details provided by the originating departments/branch to the Manager, Senior Manager-Group Financial Control, to inform/advise the originating department or IT Department to take corrective actions
- Assist the Manager in identifying deficiencies and non-compliance with reconciliation policies and procedures and propose improvement opportunities
- Assist the Manager to carry out detailed reviews and identify incorrect reports, abnormal system changes and recommend appropriate actions on a timely basis
- Ensure maintenance of files on correspondence initiated/received and copies of statement of accounts
- Support the Manager in identification/transferring of the Drafts issued but unclaimed for more than one year to unclaimed account at the end of each year
- Prepare periodic and/ or ad-hoc reports in relation to reconciliations, as part of monthly reporting requirements, and reports/ requests raised by the management
- Follow the audit, compliance and procedural control measures set by the management
- Contribute towards/ manage all process improvement/ quality enhancement initiatives within the unit
Cards Settlement & Reconciliation Unit, Specialist
CB INNOVATION SERVICES
11.2017 - 10.2022
- Perform daily reconciliation of 50+ foreign currency Nostro and local currency QCB Nostro accounts for Commercial Bank which includes SWIFT, QATCH & QIPS and General Ledger entries reconciliation
- Prepare monthly proofs and financial reports to Qatar Central Bank with complete accuracy
- Prepare age-wise analysis of unreconciled Nostro entries to share with the top management and the Central Bank
- Sharing exception report of outstanding entries timely to the stake holders for liquidation and closure
- Investigation of unidentified funds received via QATCH&SWIFT and allocating to the concerned department
- Identifying and reporting missing MT 940 & MT 950 SWIFT messages to the Nostro banks
- Responsible for managing various functions such as preparing settlement sheets for Visa/Master & Diners and passing journal entries for settlement as well as adjustment entries for reconciliations
- Performing General Ledger, Supporting Journal entry, Bin adjustment approval and posting
- Disputes related to credit card reversals and refund of excess credit in card are investigated
- Reconciling Suspense payable and receivable accounts
- Customer modes of payments and transfers are reconciled and do the manual reversals daily for failed or cancelled transactions
- MIS preparation, reporting and evaluation on aging cases
- Responsible for Reconciling all suspense accounts proof sheets in case of exceptions
- Prepare monthly proofs and financial reports to Qatar Central Bank with complete accuracy
Education
MBA - undefined
Osmania University
Hyderabad01.2015
B.Sc - computers
Osmania University
Hyderabad01.2012
Skills
- Financial Operations
- Banking Operations
- Enterprise /Nostro reconciliation
- Card scheme Settlement
- Retail Banking
- ATM reconciliation
- MS Office
- Process Automation
Languages
English
Hindi
Urdu
Number Of Dependents
2
Training
- Cisco certified network associate, with certification
- Cisco certified security associate, with certification
- Microsoft office, with Excellency in MS excel, word, PowerPoint
Personal Information
- Passport Number: M8539495
- Date of Birth: 08/30/90
- Nationality: Indian
- Marital Status: Married
- Visa Status: Transferable
Timeline
Reconciliation Officer
Doha Bank
04.2023 - Current
Cards Settlement & Reconciliation Unit, Specialist
CB INNOVATION SERVICES
11.2017 - 10.2022
MBA - undefined
Osmania University
B.Sc - computers
Osmania University
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