AXA Insurance (Gulf) B.S.C. P.O. Box 1276P.C 122RuwiSultanate of Oman

Phone – 00968 93206475

Mohamed Shabir

Objective Lead Finance and/or Compliance Team.

Strengths 1. 27 years experience in the Gulf with 23 years in Insurance Industry and 4 years with trading & manufacturing sectors.

2. 23 years with AXA Insurance as Accountant / Accounts Branch Manager and AML Officer KSA (Jeddah) and now Senior Finance Manager, Compliance and AML officer of AXA Oman. To conclude representing the finance Dept. of AXA Group i.e. Victoire Insurance, AXA Insurance E.C, and now AXA Insurance Gulf B.S.C. ©

3. Qualifications in Finance, Business Management, Insurance & Compliance

Finance – Member of Association of Certified Managements Accountant C.M.A USA and Bachelors of Commerce and Company Secretary, University of Madras.

Certified Management Accounting (C.M.A) duly completed the course, Lambers CPA Review U.S.A

Certification in Internal Audit (C.I.A) Completed the course, Institute of Internal Auditors U.S.A

Business Management – Diploma in Business Management and Administration. Cambridge Tutorial College U.K.

ACII from Chartered Insurance Institute of London with Insurance in Takaful.

Certificate in Compliance and Anti Money Laundering, Henley Business School.

Work experience

August 1992 – to date AXA Insurance B.S.C © Gulf Region,

Reported at different Positions.a) August 1992 to date:Accountant/Branch Manager Accounts and AML Officer / Senior Finance Compliance and AML Officer.

Job Profile:

Overall responsibility of Financial Reporting, Budgeting, Annual Results. Analysis of Budgets with actual, Monthly Commentary for the Branches and Country. Handling all tax matters and preparation of Income Tax returns.

Coordinating with Auditors in finalizing Financial Statements and General Returns and submitting the same to CMA regulators of Oman Insurance Market.

Overseeing day to day accounting operations and financial activities.

Which includes operations carried out, at Kiosk/Shops and branches?

Keeping close watch on expenses making sure they are in line with the given budgets, advising Regional Office, for any major variations, and the reasons for the variations.

Administer and efficient credit control system that enables maintaining an adequate cash flow within the country.

Coordinating with Tax Consultants for the submission of Provisional and Annual tax returns & preparing for assessment related queries and submitting the same to Tax Authorities and how best we can make use of laws in minimizing tax payments.

Ensure that working capital requirements are met and cash in excess of requirements are utilized in generating best possible yields by Interacting with Banks on Investment of SPV’s products for maximizing profits from investment, which is very important for Insurance business.

Compliance Responsibilities towards Regulators:

Interacting with Regulators C.M.A on regular basis, in compliance of policies and procedure drawn by them on Underwriting of policy wording and Investment limits.

To provide CMA with details of new products to be marketed by AXA and obtain their approval for selling of these products, taking their feedback if any in order to provide them with additional information. Thereby interacting with Underwriting team to give them the information provided regulators, which they need to follow, and amend underwriting of policy wording as requested by regulators C.M.A

Advising regulators on the various Marketing and Advertising materials, which are to be circulated in the Markets and obtaining their approval for the same. Providing regulators with any new contracts with the Financial Industry such as banks in order to get their recommendations and approval to do business with them.

Providing regulators with Monthly/Quarterly/ and Annual reports, by taking overall responsibility of filling the Annual and General returns on the deadlines as put forward by them.

Compliance on day to day Business operations:

Evaluating the client identity with the KYC provided by the operations team from AML perspective thru world check. Advising the underwriting team on various sanctions put forward by the Local Regulators and International Authorities to comply with them. Not to do business, especially dealing with Marine Cargo business, which is risky at times, not knowing the exact route.

From finance perspective, keeping a check on Solvency Margins. Making investments as per rules put down by CMA. Were, not more than 25% of your investments can be placed outside the country, keeping in mind the ratings of the companies in which the money is being invested.

Having clear written down rules on Span of Control within the organization, with limits on approval and validations of Claims/Underwriting and Risk Matrix of signing authority.

Discussing with HR to maintain the ratios of local and expat staff in complying with the rules.

Special Projects & Achievements:

1. Key role in the successful merger between AXA & Norwich Union, YBA Kanoo looking into the Run off of Accounts and migrations of data.

Main Achievement

Revamped the Receivables Management process resulting in better cash flow and lower bad debts.

Training of Local and Expats in AML and KYC.

Seminars & Training

Changes in IFRS held by PWC Bahrain

Green Belt of Six Sigma (AXA WAY) training by AXA.

Yearly changes in Tax structure by E&Y

Financial Management and Analysis

Performance Appraisal Techniques

Management Development Program

References :

Will be furnished, upon request.