Senior Management Accountant
Public Works Authority - Ashghal
Total years of experience :14 years, 10 Months
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• To lead financial control and reporting within Asset Affairs.
• Establish Annual budget and five-year plan.
• Monitor, report and control budget to assure achievement.
• Provide business partnering service to sections to understand business needs and provide financial input to business decision making.
• Coordinate with Asset Management for the plan, scope and cost estimates for attaining Financial pre-approvals.
• Develop financial policies and procedures and ensure compliance.
•Review contractor invoice submissions and ensure that invoice amount is calculated correctly in accordance with the contract. The required supporting information, documents and approvals are enclosed with the invoice.
•Prepare payment certificate and other payment documents as per Ashghal payment procedures
and submit for approvals.
•Ensure assigned payment processing function is carried out in compliance with Ashghal Payment
Procedure.
•Effectively communicate with other departments within Ashghal as required to get payment
approved and resolve issue related to payment processing.
•Effectively communicate with contractors to inform contractors about Ashghal payment
processing requirements and procedure, and resolve any issue related to contractor invoice
submission.
•Ensure that all costs are properly allocated to relevant Cost Centers.
•Check and verify the General Purchase Orders.
•Monitor cost centers actual cost, determine and analyze cost variance.
•Prepare Monthly and Quarterly Cost Reports.
•Maintain records of actual cost elements (materials, equipment, manpower etc.) to use in the Project Close-Out Report and to provide feedback to tendering department.
•Develop cost trends and projections using the Budgeted Cost and Actual Cost for Work Scheduled, Budgeted Cost and Actual Cost for Work Performed and Cost Performance Index.
•Participate in preparing budgets and current estimates.
•Liaise with project different sections in cost allocation, accounting and control matters.
•Perform any other related duties as assigned.
•Processing the sub-contractors payment in line with contracts and work order.
•Ensuring that all cost activities are prepared, reported and tracked accordingly.
•Allocating budget for the contracts while processing the contracts as per the approved project budget.
•Preparing cash flow forecast for the project, quarterly project progress report for the bank and additional requirements from the bank.
•Collaborating with Engineers, Project Manager & Deputy Project Manager and ensuring that accurate and timely cost data are available for the preparation of cost reports.
•Overseeing and ensuring the cost coding system are properly applied and information flow is correct and complete.
•Providing assistance to Cost Control Manager for various cost control reports & any other essential tasks
•Played a key role in preparation of trial balance, trading profit & loss a/c and balance sheet, periodical presentation of income & expenditure statement, physical verification of accounts and reconciling bank transactions.
•Maintained monthly sales & purchase entry of clients like Medical Companies using Tally ERP 9.0.
•Carried out secretarial works like assisting in accounts, handling office petty cash and functioning as Assistant to Auditor.