Senior Finance Manager
Convrgnt Value Engineering LLC
Total des années d'expérience :13 years, 2 Mois
o Financial Statements preparation viz. Profit & Loss Account, Balance Sheet, schedules and annual reports as per IFRS, analysis and interpretation of results thereof.
o Prioritization and management of Accounting Operations, setting goals and objectives; and designing a framework for these to be met.
o MIS reporting on all financial aspects of business performance including Key Performance Indicators (KPIs) to support objectives of growth and profitability at minimum possible risk.
o Budget preparation, management, forecast of income and expense and variance analysis.
o Cash flow management, forecasting of positions & management of funds for investment.
o Supervision of Client Billings and implementation of contract commercial terms.
o Endorsement of Payments to Vendors, subcontractors, employees, payments for capital expenditure in accordance with agreed contractual terms and company policies.
o VAT compliance through maintenance of proper records and filing of periodic returns.
o Compliance with all the relevant local & regulatory requirements and legislations.
o Vetting of legal documents, sub-contract agreements and client contracts.
o Financial Planning and Analysis of operational aspects & analysis of revenue, cost & margin.
o Capital Budgeting and investment appraisal to facilitate management decision making.
o Cost Accounting and analysis of billable & non-billable costs.
o Financial analysis with the help of techniques such as marginal cost analysis, ratio analysis, sensitivity analysis etc.
o Formulation of Quotation scenarios on Client’s request for additional material and services.
o Inter-company reconciliations, cost & billing reconciliations & general ledger reconciliations.
o Petty Cash disbursements and monthly review of statement.
o Maintenance of Insurance cover for property, assets and work-in-progress.
o Implementation of strong internal controls, workflows, procedures and policies.
o Liaising with bankers, auditors, solicitors, regulatory authorities & other department heads.
o Recruitment, development & mentoring of staff to ensure continuity of operations.
o Prioritization and supervision of Accounting Operations
o Preparation of Financial Statements preparation as per IFRS.
o Management of Cash flows and contract specific bank accounts.
o Monthly Closing Activities including validation of revenue, costs, and accruals.
o Receivable and Payable management, including monthly reconciliations.
o Periodic MIS reporting to Group CFO for different geographical regions and Business Units.
o Forecasting for revenue, costs & margins for multiple profit centres.
o Financial Planning & Analysis, preparation of Margin Analysis report.
o Budgeting for various cost heads and explanation of related variances in actual.
o Inter-company reconciliations on monthly basis and settlement of balances.
o Implementation of Process Improvements and Cost Saving Initiatives.
o Standardization of Procedures for new project tasks and Troubleshooting Activities.
o Overhead costs monitoring whilst seeking out areas for cost efficiencies.
o decision making.
o Coordination with internal and external Auditors, banks and regulatory agencies.
o Preparation of analysis, estimates and reconciliations as required by the management to facilitate decision making.
SIGNIFICANT ACCOMPLISHMENTS :
o Cost Saving Initiative: Slashed more than 50% of cost in preparation of cost and billing reconciliations at Fluor, ensuing recurring yearly savings of over USD 600, 000 to the company. Independently designed VBA scripts in HP Quick Test Professional software and Excel Macros to replace the manual task of preparation of reconciliations with automated preparation & downloading of over 30, 000 reports from SAP for 17 offices on a monthly basis.
o Process Improvements: Designed numerous Excel Macros and SAP scripts for streamlining voluminous and cumbersome accounting work processes.
o Short term assignments:
Fluor Houston (USA) office in Feb'10, Jan'11, Nov'13 & Jan'15.
Fluor Calgary (Canada) office in Mar'11 & Oct'12.
Worked on Exxon Mobil subcontracted job having a contract value of USD 1.3 Billion. Key responsibilities included :
o Contract Commercial Terms' implementation over the contract tenure.
o Project Financial Statements preparation and profitability analysis.
o Monthly Client Invoicing review and Receivable Management.
o Authorization of Payments to Vendors, subcontractors, employees, payments for capital expenditure in accordance with agreed contractual terms and company policies.
o Project Working Capital Management and Cash Flows forecasts.
o Employees’ Income Taxes and Vendor Withholding Taxes calculation, deductions and deposit within due dates as per Iraq tax laws.
o Petty Cash disbursements and monthly statement review.
o Inter-company reconciliations, Cost & Billing reconciliation and other project reconciliations.
o Budgeting for various project cost codes.
o Estimates and Analysis to facilitate management decision making.
Worked on multinational contract of value over USD 100 million for AstraZeneca (Client). Key responsibilities included :
o Budgeting for Global and Regional cost centres.
o Endorsing of Material Procurement requests.
o Vetting of Vendor Contracts for services/material with regard to client contractual terms.
o Assessment and Approval of Disbursements in line with respective budgets.
o Sanctioning of Hiring & Mobilization of resources on the project, based on the budgets.
o Coordination with taxation team for various vendor & customer transactions.¬¬
o Review and finalization of Local Service Agreements between inter-companies.
o Formulate Quotations for client’s request for additional material or service.
o SAP setup and maintenance for issuing over 50 monthly Invoices.
o Cost Monitoring to ensure validity and appropriate cost code classification.
o Coordination with Procurement and other disciplines on a day to day basis.
Worked in Trade Finance department, key responsibilities included:
o Scrutinizing of export documents for discrepancy and entirety.
o Coordinating with client for mending the discrepant documents.
o Processing of documents & maintaining proper records.
o Reckoning and debiting of bank charges to clients for document handled.
o Issuing Bank Realization Certificates against realized export invoices.
o Statuary Audits, Tax Audits and Internal Audits.
o Preparation of Financial Statements.
o Preparation of Cash Flow Statement & Ledger Reconciliations.
o Corporate and Individual Income Tax computation and return filling.
o Statuary Audits, Tax Audits and Internal Audits.
o Preparation of Financial Statements.
o Preparation of Cash Flow Statement & Ledger Reconciliations.
o Corporate and Individual Income Tax computation and return filling.
Bachelor of Commerce (Honors)