Ahmad Faraz

• Led the Project Accounting team, driving financial accuracy and compliance across all initiatives.• Oversaw Construction Work in Progress (CWIP) and established Assets Under Construction (AUC), enhancing financial transparency and reporting.• Optimized componentization and capitalization workflows, reinforcing the financial robustness of project portfolios.• Executed quarterly project accounting closings, adeptly managing accruals and ensuring timely financial reporting.• Fostered a culture of continuous improvement, leveraging best practices to elevate accounting standards and team performance.• Collaborated with cross-functional teams to align financial strategies with organizational goals, contributing to overall project success.Maintaining Fixed Asset Register and Resolving Issues raised. Provide Guidance to Assets Team in Tagging, Assets Reconciliation, Yearly Count & Conversion of CWIP to FAR. Prepared Assets Policies and Procedures. Experience in reviewing 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.

• Managed financial operations for Saudi Kier and Joint Venture, optimizing payroll and project accounting workflows.
• Improved Accounts Payable and Receivable processes, ensuring timely and accurate financial transactions.
• Oversaw General Ledger and Fixed Assets management, maintaining compliance with financial regulations and standards.
• Developed and monitored cash flow, budgeting, and financial planning, facilitating strategic decision-making.
• Produced accurate financial reports, enhancing visibility and accountability in financial performance.
• Leveraged analytical skills to identify cost-saving opportunities and improve financial efficiency.
• Collaborated with cross-functional teams to align financial strategies with organizational goals.

As a key member of the finance team for Barclay Mowlem PTY LTD (a subsidiary of Laing O’Rourke Australia), I provided comprehensive financial leadership for the CTW300 Rail Track Construction project in Saudi Arabia. Based at the Sakaka Al-Jouf camp, I managed the full financial scope of this 822 KM infrastructure project.
My core responsibilities included:
• Financial Leadership & Control: Directed all project financial operations, including budget management, cost analysis, cash flow forecasting, and reporting. Served as the primary financial advisor to the Project and Commercial Managers.
• Reporting & Analysis: Prepared and delivered weekly Project Financial Reports (PFR) and cash flow statements, providing critical insights for strategic decision-making.
• Stakeholder & Contract Management: Acted as the main financial liaison for clients, suppliers, and subcontractors. Managed contract valuations, claims, and finalization scenarios.
• Accounting & Compliance: Oversaw the month-end and year-end close processes, prepared financial statements (P&L, Balance Sheet), and managed statutory and tax audits in coordination with external auditors.
• Operational Finance: Managed general ledger, bank reconciliations, letters of credit, and bank guarantees. Processed subcontractor/supplier accounts, client receipts, and complex accruals (including payroll, retention, and insurance).
• Head Office Coordination: Ensured seamless financial consolidation by preparing and submitting detailed revenue reports, balance sheet analyses, and all requisite data to the Group Finance Director in Australia.

• Oversaw comprehensive accounting functions, including payroll and payment processing, guaranteeing accuracy and adherence to regulations.
• Created and sustained an organized Book of Accounts, generating monthly Management Accounts (P&L, BS) and annual Financial Reports to facilitate informed strategic decisions.
• Developed detailed Cash Flow Statements to evaluate and improve financial health.
• Conducted thorough Bank Reconciliation Statements, ensuring precision and uniformity across all financial records.
• Collaborated with cross-functional teams to streamline accounting processes, enhancing operational efficiency and reporting accuracy.
• Leveraged financial insights to support budgeting and forecasting initiatives, contributing to overall organizational success.

• Ensured adherence to International Accounting Standards, resulting in precise and transparent financial documentation.
• Developed and presented monthly Cash Flow and Bank Reconciliation Statements, providing essential insights into the organization’s financial performance.
• Streamlined bank transaction processing, enabling daily updates of bankbooks for enhanced real-time financial tracking and reporting.
• Managed supplier payments for construction materials, ensuring timely and accurate transactions to support operational efficiency.
• Collaborated with cross-functional teams to improve financial processes, contributing to overall organizational effectiveness.
• Utilized advanced accounting software to enhance reporting accuracy and efficiency, driving informed decision-making.