Financial Controller
Transco
مجموع سنوات الخبرة :27 years, 7 أشهر
• Providing Financial Control of TRANSCO which Generates Revenues AED 5.6Bln ($1.5Bln), EBITDA AED 4.6Bln ($1.25Bln) & with an Asset Base of AED 44.5Bln ($12.1Bln) within the business.
• The department which consists of eleven, is ultimately responsible for the integrity of the financial statements, the accuracy of cashflow forecasting and timely management and issuance of all stakeholder reporting, both internal and external.
• TRANSCO is part of the newly enhanced TAQA group, which is ADGX listed but is also regulated by the Abu Dhabi Dept of Energy and the role works closely with the internal regulatory department to ensure maximization of and adherence to all revenue regulation requirements along with preparation and submission of annual regulated financials, as part of its operating license.
•The Head of Finance reported into the Chief Corporate Support Officer and is the most senior finance role in the company and therefore responsible for all finance matters of the AED 19.5Bln ($5.3bln) project.
The finance functions that reported into the Head of Finance includes
• Financial Control.
• Budgeting and Reporting.
• Project Accounting.
• Corporate Financial Planning and Treasury.
Responsibilities & Achievements
• Redevelopment of the company's chart of Accounts
• Development of a scale able management reporting pack.
• Development of a bankable corporate financial model.
• Project managed the implementation of SAP Project Systems module within the company's ERP
• Project Managed the implementation of SAP Business Objects
Aid with the set up of a new subsidiary company including Asset carve out, system set up, financial reporting, budgeting and business planning
• The role was number 2 to the group CFO and held the position of Interim CFO when the incumbent retired.
• Managed a team of 5 business unit finance managers.
Responsibilities & Achievements
• Responsible for the financial accuracy and integrity of each of the business units held under the Oil and Gas sector of Mazrui International.
• Developed and managed the consolidated financial reporting of the business
• Responsible for the effective working capital management of the Oil & Gas Sector.
• Development of standardized sector wide cash forecasting modules for sector funding requests, including liaising with financial institutions servicing the business
• Established sector wide rolling operational forecasting models,
• Managed the delivery of sector budgets at both a business and total sector level.
• Management of sector treasury requirements JV and Investment relations.
• Key finance representative on Hyperion financials implementation team, initiative delivered within 9 months.
• Financial evaluation for all new tenders - this covered financial risk evaluation, project profit and loss and margin analysis
• Due diligence of prospective M&A targets. Implemented a Companywide cost reduction initiative reducing Operational Costs by 10% and Overheads by 15%
Tebodin & Partner is a 50:50 Partnership between Tebodin BV, which is a wholly owned subsidiary of Bilfinger GMBH and a local Omani Company. The business, which generates a turnover of $100 Million per year primarily, provides Engineering Consultancy and Design services to the Oil and Gas sector in the Sultanate of Oman.
Key Accomplishments.
•Re structured local financial performance reporting to incorporate divisional P&L and project performance analysis.
•Transitioned the financial reporting and forecasting cycle from quarterly submissions to monthly submissions in line with group requirements.
•Implemented a suite of structured financial procedures within the business.
•Improved project forecasting accuracy and financial awareness within the business through a series of financial, system and process awareness.
Incorporated in 2009, the principal activities of ENEC are the promotional and preparatory activities required to facilitate the deployment of peaceful civil nuclear power in the UAE.
Key Accomplishments.
•Delivery of the Corporations first budget and management and all subsequent budget submissions for submission and presentation to Board of Directors and Government departments.
•Development and delivery of all internal financial and management reporting packages.
•Developed a procedure for and managed the delivery of the Corporations quarterly forecasts.
•Headed the corporations Hyperion evaluation team, Business Intelligence Management Reporting initiative and led the successful implementation of encumbrance accounting within Oracle ERP.
•Responsible for the development of key internal reporting procedures.
With a 300 Million UAE Dirham turnover, AMB a Small to Mid-Size Family owned Building Contractors based in Dubai, with a license to construct building to Ground + 7 specifications. Established in 1992, the company has 5 separate operating division - Civil construction, Mechanical Electrical and Plumbing, Interiors, Small Works and Landscapes.
Key Accomplishments.
•Restated the group Financial Statements to ensure IFRS compliance.
•Headed the successful implementation of the company’s ERP system.
•Improved and restructured the company’s banking facilities from 20 Million AED to 50 Million AED.
•Reduced the time taken to produce the Quarterly and Year End Financial Statements by 30 days from 2 months to less than 1 month via a combination of improved processes of Financial Data capture and re-visiting the monthly time table.
International Accounting Mgr (Shared Services). J. Ray McDermott Middle East April 2004- Jan 2007.
Part of McDermott International which is a listed NYSE company, Jay Ray McDermott is a world class global l Marine Construction Company which services the Oil and Gas Sector. Their core business activity is the construction of Oil Rigs and Pipelines.
Key Accomplishments.
•Restructured and developed a functioning high performing shared services function covering multiple locations.
•Overhauled and implemented a revised set of Financial Procedures policies and SLA’s which covered the whole International Shared Services environment.
•Key team member in the implementation of a control environment to ensure adherence to SOX 404.
•Devised a set of KPI’s to monitor performance of the shared service team.
In charge of Shared Service Accounting Centre's serving.the Middle East, Caspian and South East Asia operational regions.
Covered reporting to Head Office in Houston.
In a career spanning 7 years with British Petroleum, I held several roles in the UK and UAE. While in the UK I was employed as an Assistant Business Controller at a BP Oil UK Lubricating Oil Refinery in South Wales between June 1996 and April 1998. Upon transferring to BP Exploration I was seconded into the Abu Dhabi Marine Operating Company (ADMA-OPCO) as Senior Accountant and Financial Controller of the Logistics division.
Key Accomplishments.
•Headed and prepared the refinery’s submission to the Solomon study, a worldwide benchmarking exercise for lubrication and Fuel Oil Refineries.
•Managed the refineries transformation as part of BP’s UK joint venture with Mobil Oil.
•Developed a competency development training program for UAE Nationals.
•Reduced the level of outstanding within the business from $20 million to less than $3 Million.
•Developed and implemented a set of Service Level Agreements between Finance and Operations.
• Developed a set of new internal management reporting packs for ADMA-OPCO’s newly established Logistics division.
Passed the MBA a University of Leicester B+ Average
Member of the Chartered Institute of Management Accountants