Senior Project Accountant
EC Harris
مجموع سنوات الخبرة :15 years, 7 أشهر
From March 2014 up to present, Angela has since then moved on to become the Senior Project Account for EC Harris Qatar, managing the project financials of all of its projects in the country apart from Ashghal such as the World Cup 2022, Doha Metro, Sharq Crossing, Lusail Expressway, and Doha Festival City to name a few.
As the project accountant for these projects, she was accountable for:
• Project Financial Reviews - analysing and reporting to the business the financial performance of the projects
• Revenue Management - Billing, Work-in-Progress, Revenue Adjustments, Billings in Excess of Cost
• Order Book Reporting - Analysing and challenging where needed the Net Revenue Forecasts provided by Service Leaders for their projects
• Resource Profitability Analysis - commercials on potential resources
• Preparation of Management Packs - she was responsible for preparing reports for the management in support to the Financial Controller. These reports include:
Commentary report on the financial performance of projects
Financial Performance Reviews
Days Revenue Outstanding Report
Work-In Progress Analysis Reports
Revenue Recognition Models
Percentage of Completion Calculations for Fixed Fee Projects
In March 2012, Angela was given the opportunity to lead the Finance Team of the unincorporated joint venture between EC Harris Qatar and Mace Qatar in delivering Programme Management Consultancy services for the Building Projects of Doha’s Public Works & Authority (Ashghal). As the Joint Venture Accountant, her main responsibilities included:
1. Revenue Management
• Timesheet reconciliations - preparing the monthly timesheets report for all resources working as part of PMC. She had the duty to ensure that all timesheets are accurate and submitted on a timely basis. Approved timesheets are submitted for review and approval to PWA’s Building Affairs Department.
• Invoicing - Angela prepares the payment certificates, actual invoices, and supporting documents to the Client in the approved format. She is also responsible to liaising with the PWA counterpart to facilitate the approval of the invoice for processing and payment. She is well-versed in the processes of Ashghal and had developed good relations with the Finance Team of the Client that helped in the timely payment of the invoices.
• Work In Progress Calculation - Angela was responsible for preparing and analysing the amount of unbilled revenue for the project as of the close of the month. Given the nature and size of the project, this called for careful consideration of resources, making sure that all landed resources have the necessary sign-off from the Client giving the revenue a contractual basis, collating all the time sheet details for the period in order to arrive at the accurate level of revenue to report.
• Revenue recognition provision - the project consisted of multiple work streams that required different approaches in revenue recognition. Angela was responsible for preparing revenue adjustment calculations based on the Percentage of Completion (POC) of the fixed fee projects.
2. Financial Reporting
The Joint Venture maintains a separate set of books from the JV partners and Angela was responsible for overseeing the month-end reporting of the JV. She was tasked to close the financial books with accurate financials reported and on a timely manner in order to be able to report to the parent companies who will use the JV financials for consolidation within their books.
3. Financial Analysis and Management Reporting
After each month end closing, Angela prepares Management Reports for the JV Partners and the JV Leadership Team. She led monthly Management Pack Review Meetings attended by key people within the JV. The reports included:
• Monthly Profit and Loss Statement for the JV
• Monthly Balance Sheet for the JV
• Monthly Management Pack for the JV, which included:
Profit by resource analysis
Revenue Variance Analysis by Work Stream/Project
Profitability Analysis by Work Stream/Project
Work-in-Progress Analysis
Aged Debt Reporting
Schedule of Payments and Cash Flow Forecast
Accruals and Pre-payments Reporting
4. Managing Agresso, the JV’s Financial System
Agresso is the ERP system used by the JV. She had trained in EC Harris U.K. in preparation for the roll out and had played a major role in the successful implementation of the system. She was responsible for:
• Creation and maintenance of project profiles and user accounts
• Conducting training for new employees and members of the leadership
• Financial reporting within Agresso
Her achievements include implementing a number of Business Processes for the Joint Venture:
• Implementing a tight timesheet reporting and invoicing process that reduced the number of days revenue outstanding for the project
• The successful roll out of Agresso Client J1 for the Joint Venture
• The implementation of timesheets submission, approval, and reporting procedures
• The implementation of Work-In-Progress proposal and reporting
• The implementation requisition process
• The implementation of Administrative Cash Fund policies and procedures
As a Project Accountant, her main responsibilities included:
1. Revenue Management
· Business Revenue Forecasting at Value Add Turnover level
· Monitoring and processing of trade invoices and credit notes
· Monitoring processing, and validation intercompany invoices and credit notes
· Monitoring, processing, and validation of expense invoice recharges
· Accounts Receivable Reporting
· Work-in-Progress Reporting, including WIP calculation and validation
2. Financial Analysis & Management Reporting
· Revenue Forecast Reporting with comparative analysis against prior period forecast and budget at project level with extensive commentary on causes of forecast movements
· Revenue Variance Analysis Reports with comparative analysis of variance of actual against forecast and budget, with extensive commentary on causes of variances
· Financial Performance and Project Profitability Analysis and Reporting
· Support to Business Manager in preparation of Business Manager’s Reports which also include:
Credit Notes Reporting
Business Processes Compliance Reporting
Revenue and Project Profitability Analysis for all Customers
3. Intercompany Transactions Reporting
· Intercompany Transactions Analysis and Reporting
· Working Capital Reporting
· Intercompany Reconciliation Statements
· Interdepartmental Assistance Transactions Analysis and Reporting
Apart from the above, her work experience also includes:
1. Credit Control
· Extensive knowledge and full support to the credit control process
· Aged Debt Reporting for Account Leaders which include obtaining full commentary from
AccountLeaders on the status of outstanding Customer Accounts
· Regular follow ups with Clients for payment of outstanding accounts before they fall due
2. Cash Flow Reporting - support to Finance Manager in preparing Weekly Cash Flow Reporting with valuable inputs in forecasting cash inflow in the form of customer payments
3. Business Systems Support - provides support to Business Systems Analyst in resolving technical issues with Agresso, and is well-equipped to provide sufficient cover in her absence
Her achievements include implementing a number of Business Processes:
1. The successful rollout of the Business Revenue Forecasting Tool via Agresso. The roll out included
presenting the tool to the Service Leaders/Fee Earners, educating them on how properly forecast for the Value Add Turnover elements and how to report these using the Business Revenue Forecasting
Tool.
2. The implementation of Work-In-Progress proposal and reporting
3. The implementation of the Credit Note process and monitoring
4. The implementation of the Project Initiation Process