Financial Advisor
Unico Free Zone
Total years of experience :30 years, 7 Months
An Oilfield and medical waste treatment, Drill bits Sales..
Manage group of 6 colleagues towards achieving company goals and objectives.
•Establish/set up representative office in Tehran.
•Follow up and negotiate on remaining receivables issues with different Iranian Clients.
•Follow up and negotiate outstanding taxes (Corporate Income tax, VAT, SSO….etc).
•Prepare for Legal and Financial set-up for Schlumberger re-entry upon sanctions lifting.
•Ensure TCC (Trade Control Compliance) is strictly followed.
•Cost Management.
Manage group of 11 colleagues towards achieving company goals and objectives.
•Managing eight of Schlumberger Companies/Segments in UAE
Responsible for defining the accounting on Gold & Non-Gold consolidation related process for finance and enhancing the exceptional freight bidding process
•Define and present recommendations from financial perspective to reduce % of T&M in field books
•Oversee Transport Management Center process awareness & related training to all countries across GCC
•Conducting periodic reviews with respective controller regarding exceptional % T&M increase, feedback reporting from FP20 etc., post reviews/comments on RFQ Tender validation for TMC
•Review inventory reports to avoid exposures (virtual shipments > 6 months old, inventory in transit > 6 months, GL report > 6 months etc.)
•Evaluate on a monthly basis, transactions above $250K, to ensure adherence to T&M (5WD)
Achievements:
•Participated in the design of a new Logistics program - MoveIT
•Successfully communicated procedures to all GCC countries
•Participated on several Solutions to Business Cases (Sudan, Iran, Syria and Yemen)
•Contributed to a major road contract covering GCC countries
Managing a yearly USD 360 Million business, reviewed client contracts/Letter of Credit and ensured their compliance with agreed terms and conditions
•Devised measures/processes to enhance delivery to the clients and to improve revenue from direct sales
•Communicating with all SLB field locations, strove to control costs and improve overall profitability
Achievements:
•Successfully handled complex projects in Equatorial Guinea, Saudi and Algeria
•Instrumental in doubling the revenue generated from Direct Sales and enhancing profitability by 10%
Responsible for budgeting, monthly P&L and BSN reporting and Chemical/Inventory Management
•Reviewed and participated in all WSV related contracts
•Conducted client visits to discuss/resolve Receivables issues and enhance collections
•Participated in weekly and monthly operations meetings
Achievement:
•Successfully achieved revenue and net objectives for 3 years
•Successfully controlled Inventory and managed excess inventory, with no Balance Sheet Notes Exposure
Managing 6 direct reports and team of 25 members in the Finance Center, oversaw timely preparation of FP 21 and reduction of the inter-company differences
•Implemented Lawson and strived to maintain overhead expenditures within budget
•Ensured total compliance with internal control procedures with no Balance sheet exposure
•Oversaw payments to suppliers in adherence to agreed credit terms
Achievements:
•Essayed a key role in increasing efficiency by 7.5%
•Smooth transition and implementation of Lawson which moved Finance
•Strove to promote Libyans and deputed them on work assignments outside Libya - the first time in Finance Center
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