Farooq Ahmad
Financial Services - Insurance - Audit Manager Ey Uk @EY
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WORK HISTORY
Financial Services - Insurance - Audit Manager Ey Uk @EY
London, GB
Strategic Financial Oversight: Lead financial statement analysis to assess audit risk for new client acceptance, including profitability/liquidity/efficiency and gearing ratios. Prepare budgets and forecast chargeable audit hours for complex engagements, ensuring alignment with financial performance and engagement economics.Advanced Engagement Planning: Design and execute audit plans based on deep understanding of client business processes, identifying and mitigating business and audit risks. Oversee engagement lifecycle from planning through finalisation, maintaining close liaison with client management and governance bodies and key stakeholders.Cross-functional Coordination & Decision-making: Collaborate with actuaries, valuation specialists and IT experts to address critical reportable matters and ensure robust audit outcomes.Leadership & Team Development: Act as engagement leader, assigning and reviewing work, resolving on-the-job issues, and mentoring team members to build technical capability and confidence.Regulatory & Technical Expertise: Maintain up-to-date knowledge of UK GAAP (FRS 101/102/103), IFRS, IAS and relevant regulatory frameworks. Support clients in preparing financial statements and group reporting packages in compliance with reporting standards and local laws.Quality Control & Assurance: Enforce compliance with firm methodologies and professional standards, ensuring audit quality and integrity across all phases of engagement.Client Relationship Management & Business Development: Build strong client relationships and provide insight-led recommendations to enhance client experience and firm growth.Operational Excellence & Innovation: Adoption of innovative data-enabled audit techniques and methodologies to improve efficiency and audit quality.Talent Acquisition & Professional Development: Participate in training programmes to keep teams ahead of industry developments and recruitment process.
EDUCATION
Institute of Public Accountants
Certificate in Public Accountant- Australia, Accounting and Finance
The Institute of Chartered Accountants of Pakistan
Chartered Accountant- CA, Accounting and Finance
ABOUT FAROOQ AHMAD
I’m an Audit Manager specialising in Financial Services – Insurance, delivering end‑to‑end external audits under UK‑adopted IFRS and UK GAAP (FRS 101/FRS 102 and FRS 103 for insurers) in accordance with ISAs. My experience spans planning and risk assessment, process walkthroughs, controls testing and substantive procedures through to clear, timely reporting to engagement leadership and Boards/Audit Committees.I partner closely with client finance, actuarial and risk teams—translating complex technical requirements (e.g, IFRS 17 transition/impacts, Solvency II considerations, Part Vii & Loss portfolio transfers execution, and FRS reporting implications) into practical, insight‑led recommendations that strengthen governance and improve reporting quality. This includes audits of Lloyd’s syndicates and managing agents and general insurance carriers across the UK and KSA, navigating market‑specific practices while maintaining audit quality and compliance.Known for clean execution in busy season, I use data‑enabled audit techniques and disciplined project management to meet deadlines without compromising quality. I enjoy coaching teams, building strong client relationships, and delivering audits that are not only compliant, but genuinely value‑adding.
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