Senior Accounting Supervisor
QatarGas Operating Company LTD
Total years of experience :26 years, 5 Months
Experience gained as project, venture and financial service accountant within Qatargas .
09/2012 - Present Venture Accountant, Qatargas Venture Accounting
-Managing Qatargas LNG fleets, Opex and Capex expenses, providing detailed reports to shareholders and internal business affiliates.
-Managing month end close activities, preparing financial statements and cost accounting reports, conducting shipping expenses fluctuation analysis, preparing and presenting the monthly legal entity review for the Qatargas finance management.
-Analysis and review variations monthly trial balance compared to prior data and with the budget and forecasted figures, interpreting the differences and discrepancies to partners and internal business requirements.
-Managing the fleet fuel movement inventory, maintaining the asset account of the fleets in line with lease hold agreements, and preparing cash calls statements for business funding.
-Controlling and reviewing the finance figures for the LNG shipping business outcome activities, voyages / cargoes associating operating cost, bunker and fuel consumptions movements, charter vessels activities, and maintaining the amortization value calculations for leased fleets.
-Reviewing the 2014WP&B for the shipping business activities prior to the 2013WP&B, analysis and interpretation of the differences. Contributing to the preparation of the company budget.
-Liaising with C&S, Assets and GL teams for the purpose of setting up the new shipping AFE projects. This was conducted in accordance to budget, P&P and accounting business requirements.
-Coaching new graduates, liaising with various sections of the company to maintain the accuracy of the business financial performance, and interacting with internal and external auditors in completing audits.
2009 - 09/2012 Project Accountant, Qatargas Venture Accounting, Qatar
-The scope of my responsibilities covers Project Accounting, cost and financial reporting and performing monthly end closing activities.
-Maintaining project accounting records, reconciling the project cost objects verses financial statements accounts and adjusting the variance.
-Analyzing projects VOWD, monitoring the project outflows, preparing statements of expenditures and project cash forecasting.
-Preparing monthly accrual, managing projects cost sharing agreements and run intercompany transactions.
-Performing project accounts reconciliations; reviewing the actual data of project costs centers and analysis of the variance.
-Ongoing engagement with the project cost engineers to provide them with effective reports of project actual expenditures and resolved any outstanding issues.
-Managing the Fixed Assets activities, asset capitalization process and preparing the end of project reconciliations.
-Setting up accounting cycles for new projects (ERP mapping, billing and cash call statements and end month close) coordinating with IT, GL, treasury and different project partners.
2008-2009 Account payable, Financial Services Division, Qatar
-Accounting support for the Account payable section, including process of outgoing payments and business performance improvements.
-Interacting with various departments to obtain the needed information, funding, approvals and appropriate coding in order to process and resolve transaction discrepancies.
SND (Soyuzneftgaz - Russian Petroleum Exploration Company),
- Responsible for managing the end month close, preparing financial statements, reconciling general ledger accounts, preparing adjustments of cost centers and general ledger accounts.
- Effectively communicating with financial and operation managers in order to develop, improve the cost projects structure and the charting of the accounts in line with the project plan and work in progress activities.
- Setting up inventory circulation with related business documents, valorizing methods, the month’s end close process and analyzing reports required to monitor the movement of inventory.
- Monitoring moveable asset transactions and associated depreciation schedules to insure the accuracy of monthly recording.
- Preparing internal management information reports, including, cost projects variance analysis, studying the fluctuations of previous and current budgeted amounts, analyzing and summarizing the financial data results.
- Communicating with Project Managers regarding contracts and invoices documents, changing orders and contract modifications, approvals, coding, payment and warranty terms.
- Preparing and reviewing Cash Calls, quarterly forecasting expenditures and running outgoing payments.
- Supervisor responsibilities, permanent member of the inventory and moveable assets committee, interacting with internal and external auditors in completing audits.
1999 - 2008 Deir Ez Zor Petroleum Company (TOTAL JV), Syria
2002- 2008 Senior Accountant
- In Charge of the Chief accountants responsibilities and the key user of accounting department in implementing of ERP SAP system, responsible for training employees to enhance their performance with the SAP FI/CO, MM and AA modules.
- Acting as liaison between the company, government, auditors and partners to ensure that required information is maintained.
- Managing month end close, preparing financial statements, cost activity reports, GL analysis and accounts reconciliations.
- Ensuring that accounting records were in compliance with accepted accounting principles and company policy and procedure guidelines.
- Managing Fixed Assets end month closing, maintaining WBS settlements rules, handling capitalization and cutback process, reconciling costs objects versus financial statement accounts.
- Continuously reviewing inventory, moveable Assets movements and resolving associated issues.
- Maintaining accurate records of operation activities and communicating with operation departments to set up the allocation cycle of costs objects, creating new cost pools and records of proper accruals.
- Monitoring accounts payable, preparing cash call funding expenditure, managing outgoing payments and issuing ageing reports.
- Reviewing treasury transactions, bank statement reconciliations and Re-evaluating Bank account balances.
- Team supervision and providing logistic support to treasury and cost control departments.
1999 - 2002 Accountant, Deir Ez Zor Petroleum Company (TOTAL JV), Syria
- Managing end month stock closure and applying WA method in valorizing the inventory.
- Maintaining inventory valuations, reconciled versus general ledger accounts and preparing accruals.
- Reviewing, investigating, managing of materials movements and preparing inventory movement reports for the management and shareholders.
- Providing WH and field supervisors with logistic finance support in order to maintain the accuracy of inventory Data.
- Permanent member in inventory committee and participation in preparing yearly inventory count reports.
Financial Accountant