Asser Mahmoud - Compliance Manager, Action Energy Company

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Network Power<100 people

Roles

🔥85%

Startup Founder

✨85%

Business Owner

🧨71%

Consulting

Geos

🇬🇧42%

United Kingdom

🇧🇧14%

Barbados

🇧🇷14%

Brazil

Work Background

Action Energy CompanyCompliance Manager

Sep. 2022Kuwait

Kuwait Securities Co.Operations Manager

Jun. 2017 - Oct. 2020KuwaitBuild the Operation department. Manage accurate and timely processing of Portfolios and Prop Book transactions in accordance with applicable Laws and Regulations and Kuwait Securities Policies and Procedures. Manage all aspects of financial operations function including staff supervision, policies and procedures development, transaction processing and reporting. To develop the team’s effectiveness and efficiency. During my work i was licensed from CMA for IPOs.

Kuwait Finance and Investment CompanyOperations Manager

Jun. 2016 - Jun. 2017KuwaitManage accurate and timely processing of Funds and KFIC Prop Book transactions in accordance with applicable Laws and Regulations and KFIC’s Policies and Procedures. Manage all aspects of KFIC’s financial operations function including staff supervision, policies and procedures development, transaction processing and reporting. Develop the team’s effectiveness and efficiency

KAMCO Investment CompanyAssistant Vice President, Investment Funds Department

Sep. 2011 - Jan. 2016Kuwait• Representing the Company in dealing with the Capital Markets Authority (CMA) –for all local Funds. • Identifying and participating in process improvement initiatives and departmental projects as needed • Follow up to complete all the Funds administration issues with CMA for three (3) Funds in addition to Central Bank of Bahrain (CBB) for two (2) Funds on a daily basis. • Integral part of the Team responsible for establishment and launch of new Funds in Kuwait and Bahrain. • Review and finalizing of all the Fund reports and financials. • Complete Fund administration activities for the Company including follow up with the Fund custodian, administrator, and registrar ( inside and outside Kuwait). • Handling the complete Liquidation process for Funds (domiciled in Cayman Islands, Bahrain, and Kuwait ) • Handling on a daily basis the share registrar system for KAMCO Funds.

Boubyan BankAssistant Manager Funds Accounts

Jan. 2006 - Aug. 2011Kuwait• Liaising with Central Bank of Kuwait, Ministry of Commerce and other legal/regulatory entities in respect of fund approvals. • Manage a group of 7 Fund Administration staff in the daily management of investment funds under management and custody • Identifying and participating in process improvement initiatives and departmental projects as needed • Review and approve final release of NAVs, fund reports and other data • Compile and analyze performance data to ensure underlying fund assets’ yields and returns are in line with fund’s return objectives. • Review and approve month-end and quarter-end fund reports, performance reporting, and other management information as required, such as compliance requests. • Review the funds’ quarterly and fiscal year-end financial statements to ensure reasonability and accuracy before submission to auditors. • Ensure the fund financials and other reports are submitted to and approved by concerned authorities on time. • Review the financial statements submitted by fund managers (for those where Boubyan Bank is custodian) and ensure they are audited and submitted to concerned authorities on time. • Ensure that fund Unit Holders Register is correctly updated and are agrees with total units and are within the required limits. • Ensure the fund dividend / profit distributions are correctly recorded and are reconciled with bank accounts. • Ensure that fund financials and other required data are published and/or made available for public as required by the Articles of Association. • Developing, documenting and reviewing departmental procedures and making recommendations for improvement. • Follow up to complete all the funds administration issues with CBB. • Follow up with all liquidation processed CBB. • Follow up with requirements and analyses for legal cases regarding funds. • Special project: ongoing follow up for the 2011 (Boubyan Bank) Group Operations budget, working closely with AGM Group Operations to ensure budget is on track.

GULF CLEARING COMPANYSenior Officer, Fund Administration & Custody Unit

Mar. 2005 - Jan. 2006kuwait• Follow-up the required payments of the funds under custody. • Booking the daily transactions of the funds under custody. • Preparing the monthly bank reconciliations for NAV preparation. • Preparing and checking funds trial balances. • Preparing the funds Balance sheet, Profit and loss statement. • Preparing and check funds NAV. • Follow-up GIC Premier Fund portfolio. • Follow-up KCC daily payments for all funds.

PEARL OF KUWAIT REAL ESTATE CO.Real Estate Manager

Jan. 2004 - Feb. 2005kuwait• Follow-up the property daily issues (maintenance, renter satisfaction, etc.) • Studying new investments opportunities and provide the required recommendation to management. • Ensuring on time rent collection • Preparing the new renter contracts and updating the system. • Preparing the monthly property income and expenses report.

KUWAIT CLEARING COMPANYAccountant

Jul. 2002 - Dec. 2003kuwait• Follow-up the required payments of the funds under custody. • Booking the daily transactions of the funds under custody. • Prepare the monthly bank reconciliations for NAV preparation. • Preparing Funds trial balance. • Preparing the funds Balance sheet, profit and loss statement. • Preparing the Funds NAV. • Follow-up GIC Premier Fund portfolio. • Follow-up Mutual Funds (Mumtaz Fund /Al-Ahli Fund /Bond and High Yield Fund / Burgan Fund / Bayan Umbrella Fund / Safwa Fund) • Follow-up real estate funds (Opportunities Real Estate Fund / First Real estate Fund)