Izary Ahmed

At Watania Takaful, my focus as Assistant Manager - Finance is on streamlining financial operations and elevating internal controls. A key player in implementing IFRS 9 , my analytical acumen has empowered our team to enhance receivable processes and credit policies, ensuring adherence to CBUAE regulations.

My tenure in finance has been marked by a commitment to driving efficiency and accuracy, notably through system integrations and automation projects. This has resulted in a marked improvement in our collections strategy, reducing outstanding days and providing management with actionable insights that have been instrumental in achieving our monthly targets.

Watania Takaful, Abu Dhabi, UAE June 2017 - Present
Assistant Manager – Finance (Jun 2024 to date) Senior Officer – Finance (Jan 2023 to Jun 2024) Officer – Finance (Jun 2017 to Jan 2023)
Overview:
• Preparation of monthly and quarterly ageing reports and IFRS9 ECL workings for audit and management review , ensuring compliance with CBUAE timelines.
• Preparation of quarterly AR presentations for the Audit, Risk and Compliance Committee (ARCC) meetings.
• Liaise with the Audit team and manage all AR related audit queries.
• Provide weekly and monthly collection budgets to the treasury team.
• Contributed to improving finance SOPs and internal controls that increased efficiency and
enhanced accuracy.
• Part of the IFRS 9 & IFRS 17 implementation team and successfully implemented in
a short span of time.
• Analysis of monthly collection targets in comparison with actual collections and take
necessary actions to improve the no. of outstanding days/reduce bad debts.
• Collaborated with the IT applications team in various projects, system change requests,

automations etc.
• Contributed to developing and implementing the company’s credit policy.
• Was a part of IMO for the merger and worked closely with IT team on the system
integration.
Sajaya Group, Dubai, UAE June 2015 to June 2017
Accountant
Overview:
• Responsible for compiling management reports and ensuring that the flow of costs and revenues between various construction projects is accurately accounted for.
• Prepared monthly accounts reconciliation, recurring and ad-hoc reports, general ledger reconciliation, posted journal entries for the month-end closing process, and prepared the monthly financial statement.
• Managing accounts payables, preparing cash position reports, and weekly payable reports for management.
• Managing escrow bank accounts with various financial institutions.
• Prepared variance reports and analysis for ongoing projects to assist senior management in
making informed decisions.
• Liaised with auditors, providing support, and access to relevant information, records, and
files, and implemented all audit recommendations within agreed timeframes.
Deloitte Touché Tohmatsu, Colombo, Sri Lanka August 2014 to February 2015
Audit Associate
Overview:
• Overall, in-charge of audits and responsible for comprehensive completion of all areas of audit work in a timely and competent manner.
• Identifying key risks including the instances where financial statements do not reflect the economic substance of the transactions or where the accounting is inaccurate.
• Major Areas of Audits Participated: Assurance (Audit Engagements providing opinion about the financial statements), Advisory (Audit Engagements providing opinion about the Internal Controls), Fraud Investigations
• Liaise with client on matters pertaining to the proper conduct of the audit and reporting requirements.K.S. Associates, Chartered Accountants, Colombo, Sri Lanka March 2012 to July 2014
Audit Associate
Overview:
• Liaison and co-ordination with client on all instances in respect of Auditing, Accounting and client service matters and troubleshooting.
• Documentation of significant information, Review of Internal controls & Compliance testing.
• Assisted and in-charge in obtaining all necessary audit working papers and documentation including researching and documenting facts and findings.
• Preparation of different types of reports, E.g., Audit reports to shareholders (with final accounts), management reports to the board of directors on evaluations carried out on the accounting systems and operations, reports to overseas group auditors, memorandum to the manager and Partner on audit issues, for their attention and consideration etc.
• Liaise with client on matters pertaining to the proper conduct of the audit and reporting requirements.

• Certified Management Accountant(CMA) – Institute of Management Accountants(USA)
• Master of Business Administration(MBA) – University of Northampton
• Chartered Financial Analyst(CFA) – Level 1 Candidate