Cost Controller
Zakum Development Company (ZADCO)
Total years of experience :10 years, 6 Months
• Develop business plan to be presented to Shareholders for approval
• Prepare and update annual budget based on current circumstances and ensure changes and reconciliation are communicated to higher management
• Prepare business plan progress report against actual cost
• Analyze actual cost on a monthly basis and prepare dashboard for management
• Review Authorization for Expenditures prepared by end users to ensure accuracy and consistency with approved business plan
• Ensure all contractor’s billings are in accordance with existing contracts
• Supervise staffs and planning engineers to ensure accurate and timely preparation of reports to management and efficient and effective execution of daily tasks
• Ensure forecasts and budgets of profit centers (rigs) are completed on a timely manner
• Analyze cost and results of operations on a monthly basis, prepare KPI reports to stakeholders and analysis of actual expenditures versus budgets and approved AFEs
• Monitor cost of profit centers on a regular basis and communicate any overruns to operational managers and higher management
• Ensure proper documentation of transactions for SOX and audit purposes
• Review and update forecast on a regular basis and communicate to higher management any significant deviations from approved budget
• Supervise accountants and ensure that all are well trained and updated on applicable accounting standards
• Develop financial reporting templates to facilitate efficient and effective reporting
• Gather information and conduct interviews with client’s management for the preparation of risk assessment and audit work programs
• Identify areas of business risks, potential technical problems, and opportunities to improve efficiency and profitability of the client’s overall business operations
• Ensure audit plan completion through monitoring and guidance of audit staff
• Prepare financial statements, management reports, meeting materials and other documents required by government regulatory agencies
• Present financial statements, audit issues identified and recommendations to the Managers, Partners and client’s Directors or Internal Management
• Responsible for the overall wrap up of audit reports, working papers and final meetings
• Perform client assessments and develop audit plans that address relevant accounting and audit issues
• Determine staffing requirements and coordinate involvement of specialists
• Perform review of work papers to check sufficiency of audit work done
• Communicate control deficiencies and other issues to the audit client
• Monitor team’s progress and regularly update stakeholders on potential overruns and changes; re-negotiate timelines, scope changes and budgets if necessary
• Ensure proper scheduling and monitoring of audit work through preparation of time budget and close supervision of the staff
• Review financial statements or reporting packages for completeness and accuracy
• Oversee the preparation of client’s financial statements, annual income tax returns and reports required by the Securities and Exchange Commission
• Supervise various financial due diligence, process mapping and transaction advisory engagements
• Review business process mapping, process re-engineering, organizational restructuring, business plan and develop financial policies and procedures manual for various clients
