Internship Reflection Journal

Last weeks was great and useful weeks I learned a lot of skills which is work under stress and analysis data depend on available information only also to compare and chose one of them with convincing reasons to the mangers

After I got an approval I attended the budgeting meeting in Doha for one day with Mr Naïf Alshaikh, they discussed estimates to the new budget for 2015 with emissaries from gulf country and the budget for Brussels unit, the meeting was useful I learned a lot ,everybody willing to prove his point with no doubt

I worked in health insurance with Mr. AbdullMalik Al Hogail –insurance manager- and Mr. Nasser Alshareef- employee in the insurance department - also with co-op students from PSU to contact insurance companies to request

Yasser explained to me the progress the department has achieved the past four years and his goals for the department to increase profits, expand and develop the investment types, then he explained to me the types of investment that had an approval from the minster board to be used ,any investment in any account should be within two conditions which is: All the investment should has capital assurance so it has risk free rate or it should be in Islamic mutual funds depend on the offers by the banks in gulf region, or use the contract they have with ARAB BANK (anb) the contract is Murabahah called MUbarakah between GCC and anb to invest GCC accounts’ for specific period time

I checked all the out budgeting accounts to invest some of them I was looking for an account with at least 50000 S.R and has no payment for 3 month at least , I created a list then we picked four account and full the formal paper to be approved this investment was with anb ( Murabh Mubarkah contract ) within three month

Also I learned how to crated formal paper for collect profits when the investment period ends and I did it for all investment which ends for the 2 weeks

Also I worked on October salaries payment to consultants after I received completion certificate from the sector that has contact with them that he complete the month duties then I prepared issue voucher, after the approval from financial manager I worked on anb program to full bank transfer papers and send it to them

I reviewed Sultan Qaboos Award and Rationalization of electricity and water consumption accounts and all their Files and I prepared report about each account expenses and if its follow the expenses plans and all the revenue that have been collected since the account created, The reason that I did this report was to prove how these profit helped over years the report Provided with excel sheet and