Salman Qureshi
salmankureshi@hotmail.com
Cell: +971 50 6355107
Page 1 of 2
EXECUTIVE SUMMARY
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Cost and Management Accountant. CIA in progress.
Working experience in Finance, Internal Audit and Compliance functions
Preparation of Financial Statements, Budgets, Costing Reports, Filing Tax Returns
Ensure compliance with Financial Reporting requirements of Gulf countries
Development and implementation of Internal Audit Program
Audit of operations and Sales Offices/Branches, Coordination in statutory audits with PWC/KPMG
Experience of Sarbanes Oxley (SOX) and COSO frameworks
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Preparation of Agenda, Notices and Minutes of annual and quarterly Audit Committee/Board meetings
Training, development, and implementation of Compliance and Risk Assessment Model
Drives for result, Support Business Growth, Find Better Ways, Sound Judgment, Build Partnerships
Mission – Utilize experience and add value towards organizational development
Employment Profile
Organization
From – To
Positions held
Role
Feb 1997 – Dec 2003
Preparation
of
Financial
Statements, Budgets, Cash/Non
Cash Ledger Reconciliations.
Internal Auditor
Jan 2004 – Sep 2006
Development and Implementation
of Internal Audit Program.
American
Life
Insurance
Company Pakistan (ALICO)
Internal Auditor and
Compliance Officer
Oct 2006 – Nov 2008
In addition to Internal Audit role,
Development and Implementation
of
Compliance
and
Risk
Assessment Model.
American
Life
Insurance
Company Gulf (MetLife Alico)
Compliance
Gulf
American
Life
Insurance
Company Pakistan (ALICO)
Assistant
to
Accountant
American
Life
Insurance
Company Pakistan (ALICO)
Chief
Manager
Nov 2008 – Oct 2012
Ensure Compliance with Financial
Reporting requirements in Gulf
countries.
Implementation
of
Compliance and Risk Models.
Qualification
Cost and Management
Accountant 1995-2003
Certified Internal Auditor
2006 - 2007
Diploma in Computer
Science 1993-94
Bachelor of Commerce
1990-92
Other skills
Associate Cost and Management Accountant - Institute of Cost and Management Accountants
of Pakistan (ICMAP)
The Institute of Internal Auditors – In progress
Two years Diploma in Computer Science from Petroman Computer Training Institute Karachi,
Pakistan.
Bachelor of Commerce from Government National College, Karachi, Pakistan
Proficient in Windows and MS Office
Personal
Residency: Dubai; DOB: 24 Feb 1972; Language: Urdu and English; Marital Status: Married; Nationality:
Pakistani; Interests: Sports and Music; Cell: +971506355107; Email: salmankureshi@hotmail.com
Salman Qureshi
salmankureshi@hotmail.com
Cell: +971 50 6355107
Page 2 of 2
Work Experience – American Life Insurance Company (Alico) Pakistan – Feb 1997 to Nov 2008
Feb 1997 – Dec 2003 – Assistant to Chief Accountant
Preparation of Financial Statements, Preparation of Budgets, Monthly and Quarterly reporting to Regional
offices – Cash flow, Bank exposure reports, Monthly and quarterly closings of books of accounts, IFRS and
GAAP compliance, Preparation and submission of Corporate Income Tax returns in liaison with tax
consultants, Detailed review of General Ledger accounts and resolution of any unusual or pending items,
Validation of Claim Reserves with Claims department, Review of OPEX details for cost control, Reviewing
payments/balances to vendors, Processing Sales Agents payments, Journal voucher processing,
Submission of Withholding tax forms, Preparation of Bank Reconciliations, Preparation of A/C Receivable
Schedule and Preparation of Sales office/Branches Costing report.
Jan 2004 – Nov 2008 – Internal Auditor
Preparation/implementation of Internal Audit Program; Preparation of Audit Questionnaires / Checklists;
Audit of operations (Finance, Claims and other departments); Audit of more than 15 Sales Offices/Branches;
Training and implementation of Anti-Fraud program; Preparation and development of Business Continuity
Plan; Development and implementation of Risk Control Self Assessment Program (RCSA); Coordination in
periodic statutory audits with external auditors (PWC/KPMG); Development of internal controls COSO and
Sarbanes Oxley (SOX) frameworks; Setting TOR for Audit Committee as per the local regulatory
requirements; Developing Audit Committee Charter with the Board; Periodic reporting to Audit Committee
on company’s operations, business functions and sales offices audits; Preparation of Agenda, Notices and
Minutes of annual and quarterly Board meetings.
Sep 2006 – Nov 2008 – Internal Auditor and Compliance Officer
In addition to being the Internal Audit responsibilities mentioned above, I have been entrusted with the
responsibility of Compliance from Sep 2006 onwards which includes training, implementation and
development of ALICO Compliance Program. In addition to the Financial Reporting Compliance with the
local and international laws (Companies Ordinance 1984, Insurance Ordinance, Income Tax Ordinance
2001, Code of Corporate Governance, International Financial Reporting Standards, GAAP) I was also
responsible to ensure compliance with Anti-money Laundering, Data Privacy, Record Retention, Complaint
Resolution and other compliance policies and procedures of ALICO.
Work Experience – MetLife Alico Gulf – Nov 2008 to Oct 2012
Compliance Manager
Full time Financial Reporting Compliance responsibilities with regulations of Gulf countries which includes
Compliance with the capital, deposit, investment, solvency and other financial statements
preparation/disclosure requirements under UAE Insurance Authority Laws, Qatar Financial Centre
Regulatory Authority Rules, Central Bank of Bahrain Laws and Regulations, Capital Market Authority Oman
Laws and Regulations and Kuwait Ministry of Commerce and Industry.
Training, development and implementation MetLife Compliance Model which mainly includes compliance
with United Sates and UN Sanctions Program, Anti-corruption and AML policy and procedures, , Foreign
Asset Tax Compliance Act (FATCA), Code of Ethics and Code of Business Conduct.
Development and Implementation of Gulf Risk Assessment Program – identifying risk, risk tolerance, risk
priority, inherent rating, controls, residual rating, management actions plan, risk monitoring and control
testing; Coordination and follow up with legal counsel; Compliance Audit of Sales offices; periodic reporting
to Middle East Regional Office and Home office in US on compliance issues; Meetings with business unit
heads for implementation of compliance programs and to resolve issues; Meetings with Gulf regulators on
compliance issues; keep senior management abreast with regulatory developments and business impacts.
Seminars and Trainings
SECP Financial Reporting, Foreign Asset Tax Compliance Act, Mutual Funds, Anti-Money Laundering,
Sanctions Compliance, Gulf Regulators Summit.
References
Naddem Usmani
Muhammad Tariq
Head of Accounts – Emarat Takaful
Partner - KPMG UAE
Cell: +971 50 4637577
Cell: +971 50 2403617