Islam Said
Fund Accounting Manager II
Luxembourg City
Summary
A proactive and result oriented professional offering rich experience in the areas of statutory (Stat.) audits, group audits, accounting, and finance for multinational entities across diverse sectors including Banking (Conventional and Islamic), Asset Management, Funds, Wealth Management, Logistics, Real Estate, and Private-Public Partnerships with a strong academic background including financial accounting, financial analysis, auditing, business analysis, and performance management while demonstrating strong analytical, problem-solving, decision making, project management, excellent communication and team leading skills coupled with attention to customer care and quality of work.
Overview
11
11
years of professional experience
2023
2023
years of post-secondary education
Work History
Fund Accounting Manager II
AlterDomus
Luxembourg, Luxembourg
04.2024 - Current
- Executed cash management duties such as monitoring cash balances within funds under management regularly.
- Conducted comprehensive performance analysis for investment portfolios to inform strategic recommendations.
- Developed and maintained strong relationships with clients and auditors, ensuring clear communication and timely resolution of issues.
- Participated in audits both internally and externally conducted, providing all required documentation in support of findings.
- Improved financial reporting accuracy for stakeholders with thorough analysis and reconciliation of accounts.
- Ensured proper valuation of securities within portfolios by verifying pricing data from multiple sources.
- Act as lead accountant for various fund structure within a team.
- Manage and review the completion of audit queries.
- Review the preparation and reconciliation of periodic direct and indirect tax returns and liaise with foreign tax advisors.
- Managed a team of fund accountants to ensure timely, accurate, and compliant financial reports.
- Collaborated with fund managers regularly to align efforts to confirm accurate financial reporting.
Audit Manager
Ernst and Young
01.2022 - 04.2024
- Company Overview: Ernst and Young Luxembourg Office
- Joined Ernst and Young Luxembourg's audit department in January 2022
- Following are the key audit clients engaged in:
- Real Estate sector
- Bentall GreenOak Fund - United Kingdom
- Brookfield Group Fund - United Kingdom
- Hines Fund - Luxembourg
- Amazonas AI Funds SCS, SICAV-FIAR Fund - Luxembourg
- Advising audit clients on the accounting procedures for complex business transactions
- Managing the financial aspects of the assurance engagements including maintenance of engagement margins, profitability and recover; and communicate significant issues, fees, and estimates to the executives
- Playing the lead role in many high-priority client engagements of the firm
- Assist partners and directors to generate new business opportunities and build client networks and relationships and preparing budgets for audit engagements in the portfolio
- Understand the audit client's industry and recognize key performance drivers, business trends, and emerging technologies and industry developments
- Stay informed of general business/economic developments and their impact on the audit client;
- Determining audit approach while evaluating business models for identification of key business risks and translating the same to financial risks as well as deriving financial statement risks
- Reviewing work performed by subordinates and financial statements ensuring compliance with various international reporting standards
- Manage issues reported by component teams in large-scaled group audit engagements, travel across the regions to perform cross-reviews, attend clients' meetings and maintain business relationships
- Coach and develop people by sharing knowledge with team members and helping team members attain experiences that cultivate technical competencies
- Preparation of final audit deliverables - the audit report, the covering letter to the Board of Directors/audit committees, the management letter, reporting packages and other reports and certificates and attend Board meetings/audit committee meetings
- Ernst and Young Luxembourg Office
Senior Auditor
Ernst and Young
12.2017 - 12.2021
- Company Overview: Ernst and Young Kuwait
- Joined Ernst and Young Kuwait's audit department in December 2017
- Following are the key audit clients engaged in:
- Financial services sector
- Kuwait Finance House Bank - Listed in Kuwait Stock Exchange
- Warba Bank - Listed in Kuwait Stock Exchange
- National Bank of Kuwait - Listed in Kuwait Stock Exchange
- Oil and Gas sector
- Kuwait Petroleum Corporation - Reporting to the Supreme Petroleum Council of the State of Kuwait
- Kuwait Oil Company
- E-Commerce sector
- Delivery Hero - (Carriage & Talabat) - Listed on Frankfurt Stock Exchange - Germany
- Food and Beverages Sector
- Mezzan Holding Group - Listed on Kuwait Stock Exchange
- Real Estate Sector
- Tamdeen Holding for Real Estate Properties - Listed on Kuwait Stock Exchange
- Planning and carrying out audit field work, statutory reporting and completion work for companies active in the Financial Services/Industry sector
- Prepared technical accounting memos relating to Goodwill impairment (IAS 38), Valuation of investment property (IAS 40), Leases (IFRS 16), Expected Credit Loss - ECL (IFRS 9), Going concern assessment, etc
- Supervising and coaching junior members of staff
- Preparing an audit file in accordance with the International Standards on Auditing ('ISA') and EY's standards
- Preparing a report outlining the findings from your audit work
- Keeping managers and partners up to date with progress of the audit;
- Advising audit clients on the accounting treatment of complex business transactions in accordance with IFRS
- Keeping up to date with EY's product and service offerings and identifying business opportunities within your client base
- Review work performed by subordinates along with providing training, coaching and mentoring to junior staff, Assessment of the sufficiency and appropriateness of evidence and conclusions reached on an audit by reviewing the working papers of the engagement team and evaluate all issues raised with the Manager/Partner
- Prepared audit working papers & data analytic programs, where analysis is performed on large data sets, resulting in meaningful
- Understand the audit client's industry and recognize key performance drivers, business trends, and emerging technical and industry developments
- Stay informed of general business/economic developments and their impact to the audit client;
- Preparation of final audit deliverables - the audit report, the covering letter to the Board of Directors/ audit committees, the management letter, reporting packages and other reports and certificates and attend Board meetings/audit committee meetings
- Ernst and Young Kuwait
Associate Auditor
Ernst and Young
06.2014 - 12.2017
- Company Overview: Ernst and Young Egypt
- Working on the significant sections in the financial statement of the clients;
- Preparing for cut-off testing for the clients;
- Attending and following up on the physical counts of the client before the closing of the financial year
- Ernst and Young Egypt
Education
CPA Member -
Chartered Professional Accountant
IFRS Certificate - undefined
Association of Chartered Certified Accountants
BSc. - Applied Accounting
Ain Shams University
Cairo, Egypt 01.2011 - 12.2011
Skills
- Collaboration
- Inter-personal communication
- Mentoring
Accomplishments
- Involved at EY in-office initiatives related to implementation and usage of Data Analytics on audit engagements including providing training to staff, seniors, and other managers.
- Involved at EY in-office Shukran Start Program.
Training
- New Senior Program, Amsterdam (EY)
- Banking 1 - Auditing and Accounting, Dubai (EY)
- Banking 2 - Auditing and Accounting, Dubai (EY)
- Banking (Advanced Level) - Auditing and Accounting, Dubai (EY)
- Data Analytics and RPA training, Kuwait (EY)
- IFRS - Executive, Luxembourg (EY)
- Audit and accounting 1, Dubai (EY)
- Audit and accounting 2, Dubai (EY)
- Audit and accounting 3, Dubai (EY)
Timeline
Fund Accounting Manager II
AlterDomus
04.2024 - Current
Audit Manager
Ernst and Young
01.2022 - 04.2024
Senior Auditor
Ernst and Young
12.2017 - 12.2021
Associate Auditor
Ernst and Young
06.2014 - 12.2017
BSc. - Applied Accounting
Ain Shams University
01.2011 - 12.2011
IFRS Certificate - undefined
Association of Chartered Certified Accountants
CPA Member -
Chartered Professional Accountant
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