project Accounting Manager
Royal Commission of AlUla
مجموع سنوات الخبرة :20 years, 11 أشهر
Lead the Project Accounting function with an experienced team. Maintaining CWIP and creating AUC for every new project. Helps in componentization and capitalization of the projects. Quarterly closing of project Accounting, Creating Accruals, Percentage of completion, Approving payments. Experience in reviewing finance part of the contract and assisting Engineering & Commercial Team on the ground. Ability to work under pressure in a matrix environment. Willingness to roll up one’s sleeves to ensure delivery and working in a fast-paced environment. Direct responsibility for accounting & control of major multiple projects.
Worked in Kier International UK having international experience. Leading the finance function of Saudi Kier and Joint Venture on payroll, project accounting, Account Payable, Account Receivable, General Ledger, Fixed Assets, cash-flow, budgeting, planning and analysis. Ensure that Financial & Management reports (Overheads, TB, P&L & BS) are produced accurately and timely. Ensure that the finance function is working efficiently and is operating in an efficient, effective manner, with emphasis on improving internal controls. Responsible for direct and indirect Taxation (Tax, VAT & WHT). Assist external auditors in carrying out Annual audit of the company.
Actively involved in project initial setup, Mobilization, execution, demobilization and close out. Work closely with management and project teams; provide them with the commercial, financial and risk management support to enhance their ability to estimate and report on projects, with emphasis on improving cost control and work flow.
Responsible for the month end/Year end closing.
Prepare Cash Flow Statement and assisting Finance Manager in preparing budget.
Liaison with the Auditor for the Statutory Audit and Tax Audit of the company .
Preparing of Financial Statements/B, P/L, & B/S.
Responsible for General Ledger and Bank Reconciliation.
Preparation and recording of Bank Guarantees & Letter of Credits.
Maintaining accounts of subcontractors and suppliers.
Actively involved in preparing (PFR) Project Financial Reports on monthly basis.
Experience in Job Costing and Work breakdown structure (WBS).
Processing of client receipts, accruals & prepayment recurring entries monthly.
Prepare and accrue salary related costs e.g. retention, Medical Insurance and GOSI.
Email all related data to Finance Director to Head Office RAIL GROUP Australia.
Updating Project Manager and Commercial Manager weekly about the current cash and Monitoring of Cash disbursement to project.
Responsibility of all project financial elements: invoices, cash-in, commitments and cash-out.
Main project team support for all financial points regarding customers, Suppliers and sub-contractors, including claims valuation and preparation of the contract finalization scenarios.
Completion of accounts including of salaries accounts and payment voucher.
Maintaining Book of Accounts, preparing monthly Management Accounts P&L, BS, Overhead Statement and Yearly Financial Report.
Preparation Cash Flow Statements
Preparation of Bank Reconciliation Statement.
Ensure timely payment of accounts payable.
Processing and Recording of all financial transactions during the day.
Checking and posting monthly transactions in to excel spreadsheet.
Ensure that all information in the spreadsheet is correct and complete.
Assisting the External Audit team to carry out annual audit of the firm.
Calculation of yearly Escalation rate (Consumer Price Indices) on the basis of data obtained from Statistics Department, Government of Pakistan.
• Maintenance of Accounts according to International Accounting Standards,
• Preparation of monthly Cash Flow and Bank Reconciliation Statements
• Processing of bank transactions. Make sure the bankbooks are updated daily.
• Dealing with Suppliers i.e. payment to them for the supply of material for construction work and make sure that the tax has been deducted from them and deposited in the Government Account.
• Dealing with the Sub-contractors i.e. checking and calculation for the work done according to the Contract and deduction of tax and retention money.
• Preparing Periodic Stock Taking of the company.
• Assisting the Audit team in carrying out their work.
Completed CPA (Certified Public Accountant) from Institute of Certified Public Accountants of Pakistan
I have completed M.Com (Master in Commerce) from university of Peshawar, Pakistan with the specialization in Financial Accounting.
