Finance Lead
HALLIBURTON WORLDWIDE LTD
مجموع سنوات الخبرة :14 years, 4 أشهر
Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With approximately 55, 000 employees, representing 140 nationalities in approximately 80 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir - from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset.
Finance Lead - Operations
• Responsible for reconciling the Trial Balances of Halliburton entities in the Eastern Hemisphere (Middle East, Europe, Eurasia, Asia Pacific, Africa etc.) on a monthly basis.
• Handles monthly conference calls with country F&A managers & controllers in ESSA, MENA & EURASIA regarding the exposures in the financial statements to take corrective actions in the following month.
• Examining and analyzing accounting records, financial statements, and other financial reports to assess the accuracy, completeness, and conformance to reporting and procedural standards as per US GAAP.
• Exposure in Foreign Income Tax Accounting, CIT return, OPAs, RTAs and other tax related activities.
• Liaising with RTM for tax related advices to solve the tax related issues and to apply the recent changes in tax accounting to make sure that the tax entries are up to date and reflects the true and fair positions.
• Handles the Swiss registered investment entity which has operational branches in Eastern hemisphere & Latin America.
• Acts as local F&A for the Swiss entities.
• Fully responsible for statutory accounting and Swiss GAAP consolidation for Swiss entities.
• Accountable for month-end closing activities. Knowledge of VAT, WHT and other related taxes.
Responsible for day-to-day accounts management including validation of day books and ledgers, bank reconciliation, documentation of cash and fund flow statements for the management analysis
•Analyze financial records and report and make adjustments as needed
• Produce error-free accounting reports and present their results
• Plan, assign and review team work.
• Analyze financial information and summarize financial status
• Verify, allocate, post whenever necessary and reconcile accounts payable and receivable
• Prepares & records asset, liability, revenue, and expenses entries by compiling and analyzing account information.
• Maintains and balances subsidiary accounts by verifying, allocating, posting, reconciling transactions; resolving discrepancies.
•Handling of payroll accounts like salary, bonus, leave pay, air ticket provision, gratuity & bonus accruals etc. in coordination with group HR manager.
• Avoids legal challenges by complying with legal requirements with free zone authorities.
• Data base management for various company’s related POAs and other valuable documents.
• Protects organization's value by keeping information confidential.
• Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
• Managing accounting assistants and bookkeepers
• Develop & document business processes and accounting policies to maintain & strengthen internal controls
• Prepare financial statements and produce budget according to schedule
•Research financial information for audit purposes and financial reporting
•Designed and implemented systems, policies & procedures to facilitate internal financial control.
•Maintained the bank balance, deposit and withdrawal of cash and cheques, bank guarantees and advance payment bonds
•Reviewed account payables and receivables on a weekly basis and check the reason for the delay in payments and receipts
•Planned the audit, prepared the schedules, dealt with the external auditors (Deloitte) and provided adequate information
•Handled the yearly fixed asset verification & audit to make sure that the physical assets in the financial statements exist.
• Team player in the quarterly inventory audit & making the final audit reports.
• Prepare audit plans for various units within in the group.
• Monthly surprise cash verification and stock auditing in all units.
• Bring in notice of management about the possible areas of risks and revenue leakage.
Preparation of payroll of all regular employees every month
•Accounting for all expenses on daily basis
•Updating balances of Account Receivable
MAJOR PROFESSIONAL ACHIEVEMENTS / CONTRIBUTIONS
•Apollo hospital management has been recognized for implementing the best practice for their international in house dental laboratory to utilize their full capacity. It reduced the dependency of external service thereby increasing the revenue of the internal laboratory.
•Achieved the best F&A performer for implementing the effective filing system for the Can Pack ME group of companies
•Submitted the Cost benefit analysis for wooden pallet versus plastic pallets and the Can Pack ME management has been accepted the same and currently following the same by use of plastic pallets.
•Process improvements have been implemented in finance and accounting in Halliburton in various areas like SAP reports, reconciliation, automation of bank accounts reconciliations etc.
Certified Management Accountant