Waleed Ebeid

Experience

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  ARTHUR ANDERSEN (Official)

  Nov 1997 - Feb 2002

  Senior Auditor

  - Holding job opening meeting with the client’s management to understand their expectations, get an update about areas of concerns, and significant events that took place since last audit.- Meeting with the client personnel within various departments to understand the nature of the client's business.- Understanding the accounting principles used, significant judgments and estimates made, and flow of information processes through the use of comprehensive flowcharts.- Examining management reports and performing analytical procedures to highlight areas of risk.- Assessing the risks involved in the design and operations of internal controls.- Determining audit objectives, performing test of controls and detailed testing of transactions and documenting tests results.- Preparation of audit reports with an audit opinion based on audit findings.- Preparation of management letters that include audit findings and recommendations for improving efficiency and effectiveness of internal controls for discussion with client's management and obtaining management feedback.- Preparation financial statements with disclosures for the clients.- Preparation of consolidated financial statements from holding companies.- Performing other types of services as reviews, compilations and agreed upon procedures engagements. Show less

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  The International Investor Company - a Kuwaiti Share holding Company - Closed

  Feb 2002 - Sept 2002

  Internal Audit Senior
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  Kuwait Commercial real estate center

  Oct 2002 - May 2004

  Senior Financial Analyst

  - Reviewing the financial statements of holding and subsidiary companies and ensuring their compliance with the international accounting standards- Performing a combination of analysis including ratio analysis, trend analysis, and comparisons to budgets to evaluate the financial performance of the subsidiaries.- Providing recommendations for improving the design of periodic management reports to better convey the financial position and the performance of management.- Participated in the internal audit assignments.- Responding to any other special engagements assigned by the owners Show less

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  Aayan Leasing and Investment Co

  Jun 2004 - Apr 2006

  Assistant Internal Audit Manager

  - Gaining information on overall business operations through interviewing the appropriate personnel, documenting narratives and developing questionnaires for interviews and discussions.- Reviewing and documenting the Internal Control System and preparing flow charts (Process maps).- Conducting transaction walk-through and limited system testing.- Preparing a survey memo listing the control strengths and weaknesses of the system and discussing the areas of greatest risk and exposure.- Designing an audit program based on the risk findings that includes audit objectives and procedures.- Conducting detailed testing and documenting the results and findings with an assessment of the cause and effect of findings.- Discussing audit findings with executive management and obtaining management responses.- Preparing an audit report that will identify the purpose, scope, results, audit opinion and recommendations that will clarify difficulties and opportunities for improvement along with executive management responses being incorporated.- Performing follow up action plan to ascertain that appropriate action have been taken on reported audit findings.CBK Compliance responsibilities:- Understanding CBK regulatory requirements, holding correspondence and meetings with CBK executives to clarify gray areas within the instructions.- Preparing narratives & memos and holding meetings with both executive management and operating staff to explain CBK requirements and procedures of implementing them.- Working closely with IT department to build CBK operating controls into the ORACLE system and automate the preparation of CBK reporting package.- Preparing an action plan to eliminate issues raised in the CBK investigation.- Providing support for departments relating to CBK compliance issues.- Updating the policies and procedures manual to consider CBK requirements.- Monitoring compliance with CBK regulations. Show less

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  Mubarak Abdul Aziz AlHasawi Charity

  Sept 2006 - Nov 2018

  Finance Manager

  - Responsible for Real Estate Management, Financial Control, Information technology, Administration and Charitable projects departments and supervising their daily operations- Monitoring and reporting on the operations of the entity’s subsidiaries.- Design of organizational structure, setting and implementing policies & procedures guided by the entity’s objectives, and monitoring compliance with them.- Managed the implementation of Microsoft Dynamics Axapta ERP system and Management report designer and possesses good operation knowledge of both- Preparation of annual budgets and involving different management levels in the process to obtain their support and ensure alignment to budget- Implementing control measures to ensure adherence to budget throughout the year, and uncovering instances that require budget revisions. - Preparation of accurate and timely management accounts that assess the entity’s financial performance in terms of liquidity, profitability, assets turnover, leverage and uncovering areas that require improvements.-Using advanced excel sorting techniques and formulas to manage large sized databases and extract valuable information and using VBA excel programming to automate some accounting tasks thereby saving huge time and effort.- Monitoring the entity’s cash flow position, projecting future cash flows to anticipate liquidity issues and plan for appropriate actions.- Authorized signatory on the entity’s bank accounts.- Maintaining good relations with banks, lawyers, audit firms and other professional consultants.- Managing year end audit. - Holding regular meetings with lawyers for providing feedback concerning critical outstanding court cases and providing relevant evidence to support these cases.- Evaluating contracts to be signed from an operational and financial perspective , assessing the existence of any unfavorable impact from these contracts and recommending management of them and the contract revisions to be done. Show less

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  2 minutes business videos channel

  Nov 2018 - now

  Self Employed