Senior Budget & Cost Controller
Qatar Petroleum - Refinery
مجموع سنوات الخبرة :16 years, 9 أشهر
• Co-ordinate with the Departments for Preparation of Routine operating, capital and Non Routine budgets as per the guidelines for all the Departments of the Refining Directorate.
• Control Refining Directorate budget preparation based on Planning Instructions and ensure that the budget proposals fully supported and justified in the budget submission.
• Cost control by effectively analyzing the actual costs and commitments with the budget and help end user and budget holder in decisions making.
• Monitoring budget over runs and process supplementary budgets for management approval.
• Preparing quarterly cost and variance reports and verify the justification and explanation for the cost variances.
• Review various financial & management reports and highlight areas of concern / importance to the management. Provide professional recommendations to Department Manager.
• Preparation and review of monthly and annual financial data for Refinery performance Report.
• As the Budget Focal Point, verify and review the PR/RO/CRD/WCR/SFAs in SAP workflow and Material Call Of order for Refining Departments.
• Acting as IFRS (International Financial Reporting Standards) Focal Point to provide necessary and relevant information to the IFRS Implementation Committee in respect of Refining Departments.
• Co-ordinate with the various sections and develops plans to meet departmental objectives and facilitate compliance with policies, systems & procedures.
• co-ordinate various audits of the Refining Directorate
• Liaison with QP Finance Department for the financial, budget and other matters of the Refining Directorate.
• Acting as DFP to verification and processing of invoices through Electronic Invoice Processing (EIP) system.
• Preparation of monthly accrual and Capital Work in Progress Reports and acting as petty cash custodian
• Review of Contract Documents in SAP, i.e., Contract Request Documents/ Work change Request
• Analyses Contract utilization and Review of Statement of Final Account
• Review and approval of Contract Release orders.
• Monitoring Contract Insurances and Performance Bond
• Performed as Senior Cost Estimating Engineer for one and half years: Preparing Cost Estimation for the all Refinery Tenders and submit to the GTC/LTC/STC/ MWC (Now Direct Orders) before the bid closing date. In addition, preparing cost estimation for the PCRs.
The group of companies newly established in the field of Real Estate and Hotel industry based in Abu Dhabi. The company is in initial stage for setting up of five star hotels in Dubai & Abu Dhabi, Property Management Company and an Advertising & Design company.
Major achievements and responsibilities in job are:
• Operational responsibility of the entire day-to-day functions of Finance and Accounts department in terms of organizing the work flow, monitoring and supervising outcomes of various functions with the available resources
• Preparation of annual Budget and analysis of variation from the actual. Responsible for business plan reviews & management reviews
• Preparing consolidated Financial Statement of the group.
• Preparing of monthly Profitability reports and cost centre analysis report
• Preparation of various reports that may guide to decision making, e.g.: - Payroll Budget, Projected income statement etc.
• Scheduling payments in order to their priority and handling of suppliers.
• Preparing cash flow statement and fund flow statement.
• Project Evaluation
• Formulating appropriate financial policies and Credit control.
• Responsible for efficient funds planning
• Direct Participate in Cost Analyses, Cost Control and Rate Studies
• Assisting in selection & appointment of Staff’s and defining their responsibilities.
• Formation of policies and procedures for various functions of the department
• Direct in improvement initiatives within the departments
• Ensure proper maintenance of attendance, payroll & salary distributions
As the Partner in Charge (From July 2005 To Aug 2006) discharging various attested function as a practicing Chartered Accountant and services to clients. Major services/Audit include:
Finalizing Statutory Audit of National insurance company Calicut branch.
Finalizing Statutory Audit of three branches State Bank of India.
Preparing and submitting Income tax Return for the clients
Conducting internal Audit of a coconut oil manufacturing unit.
Income tax Audit and Sales Tax Audit for various clients.
Market survey and customer address verification of the subscribers for Reliance communication Ltd.
Branch audit of 14 branches of Reliance Communication Ltd
Group Accountant (From Dec 2003 to June 2005). The group consists of three establishments’ deals in wholesale and retail trade of watches. The major responsibilities under taken and achievements in the above job are;
Supervising day to day accounting activities of the group.
Ageing, analyzing and supervision of follow up activities of trade receivables of each companies.
Providing report on sales, purchases, expenses and profitability on regular basis.
Preparing purchase orders and other documents required for clearance of imported goods
Reconciliation of Bank accounts, inter-company accounts, customers account and suppliers accounts.
Providing assistance to members of accounts department.
Actively participated with the auditors of the company for raising a working capital loan.
Supervising year end stock tacking process.
Liaison with company’s statutory auditors.
As a mandatory requirement when embarking for the Chartered Accountant qualification, I joined the firm, one of the leading Audit firms in southern India, as an articled trainee, progressing to the position of a Semi- senior and eventually rising to the position of Audit Manager reporting directly to the Audit Partner.
As an Audit manager, I conducted the audits of companies, trusts, firms, Government undertakings and co-operative societies in various business sectors viz. Business, insurance, Banks, manufacturing, trading, construction, advertising, financial institutions etc.
Other Areas
Formalities related with incorporation of companies.
Preparation partnership deeds.
Assessment of Income and Submission of Income Tax Returns with Income Tax Authority of India for Individuals, Companies and Partnership firms.
Preparing Annual financial report of Municipalities.
Chartered Accountant