Financial Analyst - STC
Qatar Petroleum
مجموع سنوات الخبرة :34 years, 10 أشهر
Reporting to Corporate Finance Controller, the Ledger Accountant is responsible for reporting month/year end closing, per closing table; Assist in preparation of financial policies and procedures; Liaison with external, internal and state bureau auditors; Cascade audit recommendations and follow up responses to management letters; Monitoring and controlling accounts/transactions per SAP financial package; Reviewing/checking journal entries for accruals, prepaid, cost allocations…etc; Performing technical and commercial bid analysis for Tender Evaluations, STCs, LTCs and GTCs; Participate in special project assignments, e.g. Central Kitchen project; Reviewing and controlling the preparation of Royalties and Tax calculations on Crude Oil and Gas Exports; Controlling/reviewing all company’s financial accounting transactions; Generating quarterly, bi-annual and annual financial statements, until sign-offs by H.E. Second Deputy Prime Minister, H.E. Minister of Finance and Audit Partner.
The Ledger Accountant’s duties cover all aspects of managing overall corporate governance of financial accounting strategies that are in line with IAS, IFRS and council of ministers decision No.6 of 1976; maintaining a highly disciplined multi-cultural team and implementing policies and procedures that will deliver the anticipated control and financial success.
Reporting to Finance Manager - Egypt, the Financial Accounting Manager was responsible for the overall finance function from policy setting to implementation; Treasury management and cash flow forecasting; Planning and assisting in the implementation of and ERP payroll software package; Monitoring and controlling procedures and the accounting system “Sage Tetra CS3”; Continuous review of balance sheet and income statement accounts; Ensuring compliance with tax regulations in accordance with tax laws; Recommending capital leasing strategies as opposed to out right purchasing; Recommending use of derivatives, such as forward exchange deals; Performing quarterly inter-company reconciliations - especially BATUKE; Reporting actual quarterly results per UK GAAP as well as IFRS, via Hyperion global reporting package; Financial statement preparation in accordance with the Egyptian Accounting Standards.
Reporting to Finance Manager, the Chief Accountant was Responsible for reporting month end results to Management; Monitor and reconcile Inter-company accounts; Assist in the implementation of Oracle financials software package; Controlling the company’s routine financial accounting transactions; Monitoring and controlling procedures and the accounting system; Handling revenue and cost of sales journal entries; Continuous review of balance sheet and income statement accounts; Preparing and controlling the fixed assets register; Ensure compliance with tax regulations in accordance with local tax laws; Preparation, review and over all control of financial activities and records for the following companies: Operationally (i.e. for management reporting, In-focus, Mega, Trading & Eng., Protech IT) as well as Legally (i.e. statutory reporting Tritech, SAE, Triangle IS, SAE, STS Ltd.).
Reporting to Finance Manager, the Chief Accountant was Responsible for reporting month end results to Management; Monitor and reconcile Inter-company accounts; Assist in the implementation of Oracle financials software package; Controlling the company’s routine financial accounting transactions; Monitoring and controlling procedures and the accounting system; Handling revenue and cost of sales journal entries; Continuous review of balance sheet and income statement accounts; Preparing and controlling the fixed assets register; Ensure compliance with tax regulations in accordance with local tax laws; Preparation, review and over all control of financial activities and records for the following companies: Operationally (i.e. for management reporting, In-focus, Mega, Trading & Eng., Protech IT) as well as Legally (i.e. statutory reporting Tritech, SAE, Triangle IS, SAE, STS Ltd.).
Reporting to Finance Manager, the Chief Accountant was Responsible for reporting month end results to U.K, via Hyperion; Monitor and reconcile Inter-company accounts; Assist in the implementation of Oracle financials software package; Controlling the company’s routine financial accounting transactions; Monitoring and controlling procedures and the accounting system; Handling revenue and cost of sales journal entries; Continuous review of balance sheet and income statement accounts; Update and maintain recurring journal entries, e.g.: Rent, Etc.
Preparing and controlling the fixed assets register; ensuring the proper compliance with local tax regulations in accordance with applicable Egyptian tax laws.
Transferred to Dubai where I was responsible for management and statutory reporting on monthly and annual basis; Maintenance of district Accounting, Payroll, Inventory, Etc.; Monitoring check collections (DSO) as well as inventory days; Preparation of Authorized Bid Sheets for marketing drilling services as well as gathering relevant information for bidding purposes; Preparation of annual budget as well as monthly forecasts; Review and evaluation of client and vendor contracts as well as benchmarking diverse vendor and client activities with the company; Conducting monthly meetings with the client personnel to reconcile any differences that may arise; Safeguarding of company assets by implementing the company procedures and ensuring compliance; Supervising all clerical staff in the district office as well as setting up authority limits for the district; Utilization of As400 linked with the global network in London. I was reporting functionally via Dowell-Schlumberger accounting department to the accounting center in Aberdeen and Region and division controllers in Montrouge Paris, via AS400, e-mail…etc. Operationally, I was reporting to the District Country Manager on control and operational matters. Preparation of Authorized Bid Sheets for marketing drilling services as well as gathering relevant information for bidding purposes; Initiation of a Vendor Master File and proposing a system for Logistics, Customer Invoicing and Collections function.
Reporting to the Audit engagement Managers/Partners, as a Senior Auditor, I managed audit teams on multiple audit assignments. I was responsible for preparing financial statements and related footnote disclosures as well as Internal Control Recommendations, rendering business consultations; Wrapping up audit engagement files (Working paper files and Audit summary files as well as permanent files); Instructing on in-house training courses for newly hired auditors in the form of lectures; Preparing audit programs and risk assessment. Performing Strategic and detailed planning of audit assignments; Preparing and discussing appraisals with audit managers and staff auditors; Main clients audited included; Oil and Gas, Non-profit organizations, Pharmaceutical, Manufacturing, Consulting, and Stock exchange companies. (Such as British Gas, USAID projects, Coca-Cola Bottling Companies of Egypt, La Roche, Bristol Myers Squibb Egypt, Nalco, CIIC, Standard Shoe, Fulbright Commission, Chemical Bank, ITAMCO…etc.).
As a staff auditor I was responsible audit fieldwork on financial Statement components; special assignments such as bank reconciliation with holding tax preparation, bookkeeping for the legal registered books…etc; Performing internal control Memorandums; Performing local statutory audits; Administration of general assembly meetings; Bookkeeping.
Upon graduation from The Faculty of Commerce, in 1989, I was very much in favor of running my own business; hence I set up an export company to conduct the trading and exporting business, mainly perishable materials "fresh fruits and vegetables" abroad. I was into the exporting business as an entrepreneur, managing, financing and administering diverse matters for exporting and trading businesses. I chose to close this business to pursue the professional audit career as I felt it more appropriate and beneficial for my future career.
Grade A.