Financial Controller
Egyptian Drilling Company
مجموع سنوات الخبرة :21 years, 10 أشهر
• Coordinate and direct the preparation of the budget and financial forecasts and report variances
• Prepare and publish timely monthly financial statements
• Coordinate the preparation of regulatory reporting
• Research technical accounting issues for compliance
• Support month-end and year-end close process
• Ensure quality control over financial transactions and financial reporting
• Manage and comply with state government reporting requirements and tax filings
• Develop and document business processes and accounting policies to maintain and strengthen internal controls
• Manage all accounting operations including Billing, A/R, A/P, GL and Revenue Recognition
• Preparation of revenue and royalty forecast on a monthly basis.
• Submit financial reports to shareholders.
• Calculate gas and by products revenue and royalty actual/accrual on a monthly basis.
• Completion of balance sheet reconciliations at month ends.
• Managing sales invoicing and credit control.
• Dealing with internal/external Auditors.
• Monitoring adherence to financial policies and procedures.
• Deliver work following established guidelines and procedures. Support analysis, processes invoices/complex transactions and performs complex reconciliations. Develops to address non routine activity.
• Research, collate, process, and analyze complex and sensitive financial and accounting data to facilitate financial transactions and ensure the proper recording of information, whilst determining what information is required and the most reliable source.
• Ensure relevant Company regulations and controls are observed, that work is error-free and that system integrity is maintained.
• Monitor day-to-day performance to identify and provide recommendations for possible enhancement or improvement and provide input for the development of financial systems and procedures.
• Develop / coordinate budget books of ventures and submission of preliminary budgets to Shareholders.
• Coordinate actual data alignment, upload / download for monthly current year projections in AP/SAP.
• Support budget review with shareholder finance representatives.
• Finalize budget presentations to the board for approval.
• Approved budget data upload in SAP.
• Extract expense information from SAP, analyze data and make recommendations in support of the corporate cost management initiative.
• Carry out technical and economic analyses to assist in the evaluation of major plant and field modifications to improve the quantity and quality of products, improve availability, enhance safety, reduce costs and to improve the quality of service. Provide full technical support on non-standard programs in use in the Planning Department.
• Responsible for coordinating the input for all Excom/Board materials. Check submitted data for consistency and prepare the electronic presentation materials for these meetings, including those required by departments other than Planning.
• Create and maintain databases and conduct statistical studies on Production trend, LNG Yield, CGR, Shipping, operating costs to provide input to Department Documents, including the Planning Assumptions, Annual and Long Term Business Plans, Budgets and Objectives.
• Review industry trends and publications and maintain a database of key information to provide input to Planning Department documents, including the Planning Assumptions, Annual and Long Term Business Plans, Budgets and Objectives.
• Provide first hand input and technical assistance in the development and preparation of other Department studies and analyses.
• Develop slides, analytics for budget review.
• Develop challenge session reports in Adaptive Planning to be submitted to CEO.
• Support monthly KPI reporting process.
• Prepare Monthly Management Business reports.
• Maintain the production, utilization, volumetric database.
• Prepare Shareholder Report on a monthly basis, analyzing SAP generated year-to-date revenues and operating expenditure against budgets to ensure completeness.
• Calculate all monthly accruals (cost centers, JADT, JBOG, WWD, and venture accrual).
• Prepare the monthly legal entity reviews for QG3/4, JBOG, and WWD.
• Manage QG3/4, WWD, JBOG cash forecasting.
• Control the Month-end closing activities.
• QG3/4 Monthly common WBS cost Allocation in line with the agreed asset sharing percentages between the two ventures.
• Reconciling balance sheet accounts on a quarterly basis.
• Calculate cost sharing between QG3 and QG4 on a monthly basis and record it as a deferred asset or liability at sub-project level in the respective venture books.
• Monthly analysis of GR/IR, trade/foreign payables.
• Common facilities time sheet analysis.
• Calculate the monthly cost sharing.
• Assist in the maintenance of cost elements within the Hierarchy in SAP, and participate in SAP testing to ensure compliance with existing reporting requirements. Maintain assessment and settlement rules in SAP if required.
• Clearing Inter-company foreign currency transactions.
• Issue QG3/4 monthly SAP reports to the lead cost engineer.
• Preparation of Audit File for Audit Authorities
1- Responsible for Assets Management Control through Oracle 11i Financial Application.
2- Regular monthly accounts analysis for all on-going capital projects.
3- Prepare regular monthly cost control reports of all On-going Capital Projects.
4- Assist in preparing monthly financial reports.
5- Calculate monthly depreciation and posting to the General Ledger.
6- Complete monthly reporting requirements.
7- Preparing monthly reconciliation analysis for Different Areas between FAR (Fixed Asset Register) & General Ledger Balances.
8- Preparation of Audit File for both State & Internal Audit Authorities.
9- Reconciling results of regular physical verification Of the fixed asset holding and validating accounting And control records.
10-Work closely with Inventory Control Team to Develop the required record keeping for control.
11- Providing information to various levels of Both Financial & Operational managment
12- Completion of Region AFE Register, collate the Information from the Region and send out weekly Update.
13- Providing assistance in the completion of AFE’s Where appropriate.
14- Monitoring actual capital spend and performance Against approved AFE’s.
• Analyze daily cost data & make sure from the allocation of the cost centers.
• Collecting data, allocating costs & preparing reports of depreciation & other expenses.
• Inventory Control.
• Review inventory disbursements sheets.
(CMA) Certified Management Accountant
Rate of appreciation good.